Indian market closed lower for the fifth consecutive day in a row on Tuesday tracking muted global cues. The S&P BSE Sensex fell nearly 400 points while the Nifty50 closed below 17100 levels.

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Sectorally, buying was seen in power, utilities while selling was seen in realty, telecom, public sector, and metal stocks.

Stocks that were in focus include MCX which closed with losses of over 4 per cent, Dhani Services plunged 20 per cent and PB Fintech was down by nearly 6 per cent on Tuesday.

Here's what Vijay Dhanotiya Lead of Technical Research, CapitalVia Global Research Limited, recommends investors should do with these stocks when the market resumes trading today:

MCX: Avoid

MCX has broken the previous support levels near 1450 and closed below the support levels. The next support levels are near the levels of 1200 and hence we don’t recommend investors to buy MCX India at these levels.
 

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Dhani: Avoid

Dhani has been trading below the levels of 200-Days EMA and is trading near the 52-week lower levels. We do not recommend buying Dhani at these levels.

Policy Bazaar: Avoid

Policy Bazaar is trading near its all-time low and is consistently breaking the lower levels. We have not observed any reversal signs at this time and hence we don’t recommend investors to buy Policy Bazaar at these levels.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)