Market Trading Guide: Buy Canara Bank, NALCO and 5 more stocks on Wednesday for up to 13% gains

India’s benchmark indices, the Nifty and Sensex, extended their losing streak to eight sessions on Tuesday, closing in the red amid selling in consumer, realty, and IT stocks. The Nifty index ended weak on the monthly expiry day, facing stiff resistance near its 100-day EMA around the 24,750 zone.Commenting on the day’s action, Vatsal Bhuva, Technical Analyst at LKP Securities said that the index has been forming a lower highs–lower lows pattern for the past three sessions, highlighting strong bearish control. “Unless Nifty reclaims and sustains above its 50-day EMA, the short-term outlook remains negative. Immediate support is placed at 24,500, while resistance lies near 24,800. Post RBI policy outcome and auto sales data, market sentiment may shape further, hence a cautious stance is advised," Bhuva said.Here are 7 stock recommendations for Wednesday: Stock Ideas