Day Trading Guide: Paytm among 4 stock recommendations for Wednesday

On Monday, the 30-share pack Sensex advanced 465.14 points or 0.80 per cent to close at 58,853.07. Its broader peer, Nifty50, added 127.60 points or 0.73 per cent to close comfortably above the 17,500 mark. The benchmark has managed to close above 17,500 for the first time since April 12, 2022. “In the previous week, a recent few sessions were sideways for the domestic markets. However, today the benchmark indices manage to break out from the consolidation zone. The index Nifty managed to clear the hurdle of 17500 on a closing basis. Thus in the coming session, we might see momentum towards 17600/17800 but that could be a strong hurdle since we have a major falling trend line there. We advise traders to start booking positions in this zone. On the downside, support is placed at 17350 and a breach of the same might bring in some consolidation,” said Mehul Kothari – AVP, Technical Research, Anand Rathi Shares & Stock Brokers.Here are the top four stock recommendations which analysts suggest