Nifty's recovery above the 23,200 level provides some near-term relief; however, the broader structure remains weak.
Tata Communications, PVR INOX and Radico Khaitan are showing bullish technical setups, backed by breakouts, support-based reversals and improving momentum indicators.
Gujarat Pipavav Port, Aegis Vopak Terminals and Tata Investment Corporation are showing bullish technical setups, backed by breakouts, improving momentum and strong participation.
The technical outlook remains positive for Paytm, Azad Engineering, and Kotak Mahindra Bank, with all three stocks showing bullish chart structures and potential for further upside.
Stocks to buy today: Kunal Kamble is bullish on three stocks, namely Adani Ports, Pine Labs and Aegis Vopak amid bullish signals on tech charts.
Stock ideas for today: The index could now move towards the next support zone of 23,300-23,100, while any recovery is likely to face resistance around 23,600-23,800.
Stocks to buy today: EMIL and Ingersoll Rand among top stock picks by Vinay Rajani of HDFC Securities.
Till Nifty holds below 23,700, weakness could extend towards 23,500, then 23,400 levels, while on the upside, hurdles can be seen at 23,800, then 23,900 zones.
SPARC appears well-positioned for a short-term recovery after finding support near the 61.8% Fibonacci retracement level of the March low to July high rally.
From a financial perspective, GAVL's ROCE improved to 20 per cent in FY26 from 16 per cent, supported by better working-capital management.
Stocks to buy today: ACME Solar is maintaining a strong bullish structure on the daily chart, with the stock consistently forming Higher Highs and Higher Lows, indicating sustained upward momentum.
The emerging technical structure highlights the need to exercise caution and warrants a clear strategy to avoid venturing into aggressive long trades.
Religare Broking's Ajit Mishra said that the sharp decline has pushed Nifty closer to our initial downside target and support of 23,800. A break below this could extend the correction towards 23,600.
Kunal Kamble of Bonanza has recommended three breakout stocks to buy today -- BEML Ltd, Raymond Ltd, and IFCI Ltd.
Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.
Chandan Taparia says that if Nifty crosses 24,100, we could see the index moving towards 24,200-24300. He has recommended buying Persistent Systems, Eternal, & Bajaj Auto shares for the short term
Stocks to buy today: Anand James of Geojit Investments has shared a bullish outlook on three stocks: Jubilant Ingrevia, ASK Automotive, and KPR Mill.
Shrikant Chouhan of Kotak Securities has shared a bullish view on two stocks - CAMS Ltd and Kalpataru Projects International.
Stocks to buy today: Sachin Gupta of Choice Equity Broking has recommended three stocks to buy today - Jindal SAW, Electrosteel Castings, Adani Enterprises.
Chandan Taparia of MOFSL recommends buying Divi's Laboratories, TVS Motors and Dixon Technologies, citing strong technical setups and improving momentum.