Market Trading Guide: JK Cement, Kotak Bank are among 5 stock recommendations for Tuesday
- Posted on January 13, 2025
- By Business News Today
- 2 Views
Market Trading Guide: JK Cement, Kotak Bank are among 5 stock recommendations for Tuesday
Indian frontline indices continued their losing streak for the fourth session in a row with massive selling pressure across the market breadth. Realty and metal stocks were the biggest losers while banks, auto and IT counters added to the pressure. As the S&P BSE Sensex settled at 76,330.01, plunging by 1048.90 points or 1.36%, the broader Nifty joined forces too, closing at 23,085.95, lower by 345.55 points or 1.47%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that bears remained at the helm on Monday as the Nifty continued to breach crucial levels. "The index slipped below its previous swing low on the daily chart, indicating increasing bearishness. However, it held the 23,000 mark, which remains a key level to watch. If the Nifty sustains above 23,000 over the next few days, it could signal a potential recovery. Conversely, a decisive fall below this level might trigger a deeper correction," De said.Here are 5 stock recommendations for Tuesday: Stock Ideas