Market Trading Guide: Buy Adani Green, RBL Bank and 3 more stocks on Tuesday for gains up to 8%
Why it matters: Investors can target gains of up to 8% by buying recommended stocks like Adani Green, RBL Bank, and Granules India.
- Nifty has formed a bullish candle with a long lower shadow, continuing its winning streak for the third session.
- Nilesh Jain of Centrum Finverse projects the Nifty to continue its upward move towards 23,200, then 23,400, with support shifting to the 22,500 zone.
- India VIX remains elevated around 25, which Jain notes needs to cool off for sustained bullish momentum.
- Granules India (GRANULES) is recommended by Kunal Kamble of Bonanza Portfolio for a 6% upside to Rs 685, following a strong bullish breakout above a descending trendline.
- Bank of Baroda (BOB) is a buy recommendation from Kunal Kamble, targeting an 8% upside to Rs 282, showing early signs of reversal from oversold conditions.
- RBL Bank is suggested by Vatsal Bhuva of LKP Securities for a 6% upside to Rs 336, driven by a strong consolidation breakout and increased trading volumes.
Following a three-session winning streak, the Nifty index is showing bullish signs, with analysts like Nilesh Jain of Centrum Finverse predicting an upward move towards 23,200-23,400, despite elevated India VIX levels. Technical analysts recommend buying five specific stocks, including Granules India and RBL Bank, for potential gains of up to 8%, citing strong breakouts, positive moving average alignments, and improving RSI indicators.
