Indian equity markets ended the previous week with marginal losses as mixed macro data, a falling rupee and continued uncertainty over the India-US trade deal kept investor sentiment cautious. Selling pressure dominated most sessions last week, but a recovery in the last trading session, driven by value buying and renewed interest from foreign portfolio investors (FPIs) helped limit the downside, even as benchmarks did not close in positive territory. The Nifty fell 0.31% to 25,966, while the Sensex fell 0.40% to 84,929 for the week. The markets entered this week at an important juncture after navigating a volatile stretch marked by persistent pressure and a late recovery. According to Osho Krishan, General Manager – Technical and Derivative Research at Angel One, the benchmark indices – Sensex and Nifty – showed resilience by defending critical technical levels, keeping alive hopes of a near-term bounce despite broader uncertainty. Nifty Weekly Outlook Osho Krishan of Angel One said that the recovery in the last session helped the index to protect the crucial 50-DEMA, which has emerged as an important technical anchor. According to Krishan, the weekly chart has formed an Inner Bar pattern, indicating limited movement and the absence of a decisive trend. He warned that the index still faces challenges near the 20 and 50 DEMA levels, even though it recently crossed above the 20 DEMA. “The index has faced constraints to make any substantial moves as evidenced by the Inside Bar formation on the weekly chart,” Krishan said, adding that the market is still not completely clear of technical hurdles. From a support perspective, Angel One’s Osho Krishan has identified the 25,850–25,800 zone as an important cushion for intermediate declines, while the 25,700 level remains a sacred support that has protected the benchmark over the past two weeks. On the upside, he said a decisive move above 26,050–26,100 would be needed to provide meaningful relief to bulls and possibly open the way to the 26,300–26,325 zone in the coming phase. Given the current setup, Krishan advised a pragmatic approach. He stressed the importance of following key thematic drivers amid sectoral volatility, staying alert to global developments that could act as catalysts, and closely monitoring currency market movements for clues on near-term direction. Stocks to Buy This Week: Angel One’s Technical Picks In addition to the broader market outlook, Angel One’s Osho Krishan also highlighted selective stock opportunities based on technical setups, focusing on counters showing signs of reversal from key support zones. CEAT: According to Krishan, CEAT has recently undergone a pronounced correction, bringing the stock closer to its 100 DEMA. In the latest session, the stock saw a rise in both price and volume near this support zone, which coincided with the neckline of a previous breakout. He added that the 14-day RSI showed a positive crossover, while the MACD indicated a reversal, reinforcing the bullish setup. Angel One recommends buying CEAT around ₹3,900, with a stop loss at ₹3,650 and a target range of ₹4,200–4,300.Godrej Consumer Products: Another stock highlighted by Krishan is Godrej Consumer Products. He pointed out that the stock has rebounded from the ₹1,120 zone and crossed above its 200-day SMA, indicating the beginning of a counter-trend move. Krishan noted that the MACD histogram has moved above the signal line, indicating buying momentum, while EMAs are approaching positive crossovers. “The technical indicators suggest that the upside momentum is likely to continue in the near future,” he said, recommending buying Godrej Consumer Products around ₹1,170, with a stop loss at ₹1,120 and a target range of ₹1,230–1,250. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions.