Stocks to buy: Two stock recommendations from MarketSmith India for 19 December
Live MintNifty50 opened with a gap down and traded in the negative on Tuesday. Market action during the day formed another bearish candle with a lower-top and lower-bottom price structure. The index failed to hold above 24,700 and accelerated its downward trajectory ahead of the Federal Open Market Committee meeting. The index witnessed a ‘distribution day’, which occurs when a major market index closes down 0.2% or more on higher volume than the previous day. Two stocks to buy, recommended by MarketSmith India: Coromandel International: Current market price ₹ 1,817.15 | Buy at ₹ 1,790–1,830 | Profit goal ₹ 2,100 | Stop loss ₹ 1,685 | Timeframe 2–3 months 1,817.15 | Buy at 1,790–1,830 | Profit goal 2,100 | Stop loss 1,685 | Timeframe 2–3 months Maithan Alloys: Current market price ₹ 1,169.50 | Buy at ₹ 1,150–1,180 | Profit goal ₹ 1,320 | Stop loss ₹ 1,088 | Timeframe 2–3 months Disclaimer: The views and recommendations given in this article are those of individual analysts.