Market Trading Guide: Paytm, IRFC are among 5 stocks to buy on Tuesday for up to 11% upside in short term

Indian markets recovered from the day’s lows to end the session with minor declines dragged by IT and metal stocks. The heartbeat Nifty continues to hover in a narrow band between 24,500 and 25,000, indicating a phase of consolidation.Commenting on the day's action,Vatsal Bhuva, Technical Analyst at LKP Securities said that the Nifty managed to close above its 20-day EMA despite a gap-down start on Monday, showing some buying interest at lower levels. “However, the RSI’s negative divergence and bearish crossover reflect weak momentum. Immediate support is placed at 23,630 where its 20 days EMA is placed, while positional support lies at 24,500–24,550. Resistance levels are marked at 24,860 and 25,070. The trend remains sideways with a slight negative bias unless a range breakout occurs," Bhuva said.Here are 5 stock recommendations for Tuesday: Stock Ideas