Nifty ended with strong gains on Tuesday, continuing its winning streak for the fourth session in a row. The index has achieved a consolidation breakout on the hourly chart following today's rally. Decoding the technical chart, Rupak De, Senior Technical Analyst at LKP Securities said the near-term sentiment remains positive as Nifty has closed higher for three consecutive sessions. The index has also moved above the critical moving average on the lower timeframe, confirming a positive near-term outlook, he said. "However, uncertainties arising from the Middle East conflict may continue to keep the Indian market volatile. On the higher end, resistance is placed at 23,200; a decisive move above this level may trigger the next bullish leg towards 23,500–23,800. On the downside, support is placed at 23,000," De added.Here are 4 stocks to buy: Stock Ideas
Market Trading Guide: Buy Ramco Systems, Natco Pharma and 2 more stocks on Wednesday for gains up to 14%
