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Indian market likely to consolidate on Tuesday tracking muted global cues. India VIX indicates positive sentiment. Chandan Taparia from Motilal Oswal Financial Services Limited predicts a trading range of 22000 to 23000 for Nifty. Stocks recommended for short-term trading include IRCTC, MCX, Zydus Life, Coal India, NALCO, IEX, Axis Bank, and Aurobindo Pharma.
The index is likely to find some resistance around the 22750-22800 levels while on the downside 22300 is likely to act as a crucial support.
Stock market today: Biocon and Vodafone Idea are the two stocks that are part of the F&O ban list by the stock market exchange for May 2.
F&O stocks to buy today: Indian market poised for higher trade. Nifty shows bullish sentiment with support at 22000, 21900 levels. Experts recommend buying PVR Inox, Escorts, Bajaj Finance, SBI Cards, Eicher Motors, Crompton Greaves Consumer for short-term trading.
The Nifty future closed negative with a marginal loss of 0.01% at 22611 levels on Friday. India VIX was up by 1.07% from 11.22 to 11.34 levels. Volatility has risen marginally after the cool-off seen in the last 4 sessions.