Top stocks to buy: Market benchmark Nifty 50 traded lacklustre intraday on Tuesday, 27 October, after snapping its four-day losing streak in the previous session.
The index touched an intraday high and low of 22,804 and 22,653, respectively, on Tuesday, indicating a lack of momentum in the market.
According to Vishnu Kant Upadhyay, AVP- Research at Master Capital Services, the broader technical structure remains weak, with Nifty continuing to trade below its key short-term moving averages and the formation of lower highs and lower lows reinforcing the prevailing bearish bias.
"On the upside, 22,800-23,000 remains a crucial resistance zone, and a sustained move above this range could attract fresh buying. On the downside, 22,500-22,400 remains an important support zone," said Upadhyay.
Vishnu Kant Upadhyay of Master Capital Services and Deepesh Sarawagi of Choice Broking recommend buying the following six stocks for the next 1-2 weeks: