Market Trading Guide: IDFC First Bank among 2 stock recommendations for Wednesday

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Key Points

Indian shares surrendered early gains to end sharply lower on Tuesday, dragged by banking, financial, and energy stocks..

"On the technical charts, Nifty formed a huge bearish engulfing candlestick..

If broken, Nifty may see a big correction as there lies no major support," said Sheersham Gupta, director and senior technical analyst at Rupeezy...

On the daily time frame, IDFC First Bank Ltd has given a breakdown of the Rectangle Pattern on the downside, indicating a negative trend in the stock..

Max Financial Services has established a robust support zone between 860 and 880 on its daily chart, witnessing active selling and driving the stock downward..

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