The Indian market is expected to trade higher on Tuesday, supported by positive global cues. Nifty futures closed lower on Monday with a 0.34% loss. Options data suggests a broader trading range of 24,100 to 25,000, with immediate support at 24,500 and resistance at 24,700. Traders can focus on short-term opportunities in selected F&O and cash market stocks.
Adani Power shares may rally 18%, positioned as a pure play in India’s thermal power space: InCred Equities
InCred Equities has initiated coverage on Adani Power with an ‘add’ rating and a target price of Rs 649, citing a potential 17.8% upside. The