Indian stock markets continued their winning streak for the third staright day as the benchmarks ending Tuesday in the green. While the BSE Sensex closed at 58,960.60 and was up by over 549.62 points or 0.94 per cent from the Monday closing price, the Nifty50 index settled at 17311.80, up by 126 points or 0.73 points. In the 30-stock Sensex, 25 shares gained while remaining 5 were the losers. As for the 50-share Nifty50, 37 advanced and 13 declined. 

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Nifty Bank today ended at 40318.75, up by 398 points or 1 per cent from the Monday closing level. Nifty Mid Cap 100 today gained by 335 points or over 1.10 per cent to settle at 30908. Zee Business Managing Editor Anil Singhvi said that the mrkets reopened today with a gap and did not look back. They gradually gained strength over the trading session and ended up around the highest intraday levels. Both Sensex and Nifty traded with strength along with Bank Nifty. There was all round buying activity, he said. There was action in mid cap and small cap stocks with all sectors ending in the green. 

The trading was stable throughout the day with no major correction seen at any level. Dow Futures traded positively today along with support from Asian Markets. Monday's FII data suggested that the selling was not significant.

Things to know before markets reopen on Wednesday: 

1) Market Expert Vikas Sethi said that the stock markets witnessed strong rally today which is expected to continue, going forward. He said that Indian markets appear in a sweet spot. He said that investors and traders must encash the current momentum in the market and buy stocks during this festive boom.

2)  Sethi recommends Lemon Tree Hotels as a positional term pick. It was trading around Rs 82 at the time of recommendation. The company has aggressive expansion plans. He puts target price at Rs 100 with a stop loss of Rs 80. As his long term pick, he suggested Tata Power which was recommended at Rs 220. The target price is Rs 275. He has a 9-12 months view on this stock.

3) Anil Singhvi trading strategy: Indian markets will take cues from the closing on Tuesday and Dow Futures on Wednesday morning. 

4) Dollar Index, Bond Yields and crude oil prices will be key triggers to watch out for, Singhvi said.

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5) Nifty50 has support at 17325-17375 while the resistance is at 17575-17650. Bank Nifty has support at 39950-40100 while reistance is seen at 40625-40700.    

6) Q2FY23 Results: Indusind Bank, Nestle India, Inox Leisure, Rallis and others.