Market Trading Guide: LG Electronics, Bank of India among 3 stocks to buy on Wednesday for up to 9% upside

Nifty ended with gains on Tuesday, recording its second successive positive closing, aided by IT, consumer and financial stocks even as energy and metals dragged markets. The index has continued its recovery but is facing resistance near the 50DMA on the higher side Rupak De, Senior Technical Analyst at LKP Securities expects Nifty to remain rangebound or witness a minor pullback, given the rejection at this critical moving average. "The RSI has also entered a bearish crossover, indicating weakening momentum. On the upside, resistance is placed at 25,800, above which the index could witness further strength. However, failure to move past 25,800 may trigger long unwinding, potentially dragging the index back toward the 25,500 level," De said.Here are 3 stock recommendations for Wednesday: Stock Ideas