New Delhi, July 22 -- On Monday, India's benchmark indices staged a strong turnaround after an early slip. The Sensex rebounded from a morning low of 81,609 to finish about 378 points (0.46%) higher at 82,136 points, while the Nifty clawed back from 24,900 to trade near 25,066 (up 0.39%) by late morning.

The market's rangebound scenario, however, remains an important challenge to address as the failure to move higher is a cause of worry. While the inability of the trends to head lower awaits some triggers amid this environment we need to muster enough courage to keep us going.

Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Tuesday, 22 July.

SCHAEFFLER: Buy CMP and dips to Rs.4,190 | Stop: Rs.4,...