Market Trading Guide: IHCL, IPCA Labs and this smallcap counter are stock recommendations for Wednesday

Indian headline indices BSE Sensex and Nifty rebounded on Tuesday after six sessions of losses, driven by HDFC Bank and Reliance Industries ahead of the RBI policy decision and quarterly earnings which begin from Thursday with the announcement of TCS results. Positive market sentiment also came as BJP clinched a victory in Haryana for the third time in a row. While Sensex rose 584 points (0.72%) to 81,634, broader Nifty gained 217 points (0.88%) to end at 25,013.Nifty formed a bullish harami pattern on the daily timeframe, indicating rising optimism with the index also moving above a critical moving average on the hourly time frame, Rupak De, Senior Technical Analyst at LKP Securities said. "The RSI has made a bullish crossover in the shorter timeframe, further supporting the positive outlook. In the near term, the index may move towards the 25,350–25,400 range. On the downside, support is placed at 24,850, and a break below this level could lead to weakness," De said.Here are 3 stock recommendations for Wednesday: Stock Ideas