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.
Anand James, Chief Market Strategist at Geojit Investments, has recommended three stocks, including Hindustan Zinc, Skipper and Parag Milk Foods
Shrikant Chouhan of Kotak Securities recommends buying HDFC Life Insurance and Home First Finance given their strong fundamentals.
Kunal Kamble, senior technical research analyst at Bonanza, recommends three stocks to buy today: MCX, ACME Solar and Brigade Enterprises.
Given the prevailing combination of elevated crude prices, geopolitical uncertainty and weak market momentum, we recommend maintaining a cautious, stock-specific approach.
Stocks to buy today: HAL, Samvardhana Motherson and Sona BLW among three stock recommendations by MOFSL's Chandan Taparia.
Stocks to buy today: Vinay Rajani, CMT, senior technical analyst at HDFC Securities, recommends buying GRSE and Tata Capital.
Stocks to buy: Shrikant Chouhan, head of equity research, Kotak Securities, recommends buying Fractal Analytics and Leela Hotels shares.
Jyoti CNC has shown encouraging signs of a trend reversal after breaking above a declining trendline and reclaiming its weekly Supertrend resistance.
Investors should closely monitor domestic and global developments that could act as key catalysts in shaping the intermediate trend and accordingly adjust their strategies as market conditions evolve.
Ajit Mishra of Religare Broking said that 24,000-24,200 zone has emerged as the next major support for Nifty. He also said that Indian Bank, PB Fintech and Shriram Finance are showing a bullish setup.
Stocks to buy today: Kunal Kamble of Bonanza has recommended three stocks to buy today: Vodafone Idea, Vodafone Idea and PNB.
Trading stocks today: Jatin Gedia of Teji Mandi Investment Technologies has recommended buying BHEL and Aarti Industries shares today.