NEW DELHI: Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.
"I would suggest buying at present juncture. Nifty have managed to settle above 8,500-mark. It is a good setup. Bank Nifty has already given a breakout above 18,500. The gains index the banking index can be termed as a pullback on intraday basis. The index has nicely held 18,500 level," says Mitesh Thacker, Technical Analyst, miteshthacker.com.
"Keeping a stop loss at about 8,440 is what I would suggest. I see Nifty in excess of 8,690-8,700. Also because a breakout is happening on Nifty, a lot of stocks and sectors have given breakout. Therefore, one should trade with long bias on stocks," he adds.
