Market Trading Guide: Raymond, Divi's Labs among 5 stock recommendations for Tuesday
- Posted on February 3, 2025
- By Business News Today
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Market Trading Guide: Raymond, Divi's Labs among 5 stock recommendations for Tuesday
Indian frontline indices witnessed corrections on Monday after Donald Trump slapped tariffs on Canada, Mexico and China, triggering fears of retaliation by these nations. Not just this, the Saturday budget announcements or rather lack of them for capex intensive sectors, also tested investors' patience on D-Street which was expecting a double-digit hike for FY26 over 11.1 lakh crore in FY25. While Nifty fell by 31.75 points or 0.52% to close at 23,361.05, the 30-stock S&P BSE Sensex finished flat at 77,186.74, declining by 319.22 points or 0.41%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said the market sentiments remain fragile. "The Nifty remained volatile before closing on a negative note. On the daily chart, the index managed to close above the critical 21EMA. However, sentiment appears fragile, and support may be broken in the near term. On the lower end, support is placed at 23,200/23,100, while on the higher end, resistance is placed at 23,400," De said. Markets will open tomorrow as it will be a budget day. Here are 5 stock recommendations for Tuesday: Stock Ideas