Stocks to buy or sell: Nagraj Shetti of HDFC Securities recommends two stocks for the short term

Stocks to buy or sell: Nagraj Shetti of HDFC Securities recommends two stocks for the short term

Stocks to buy or sell: Nagraj Shetti of HDFC Securities recommends two stocks for short-term—Borosil Renewables and NMDC Stocks to buy for short-term: Nagaraj Shetti of HDFC Securities believes Indian stock market sentiment is bullish, despite the Nifty 50 index trading in a narrow range with an upside on Monday. Stocks to Buy or Sell: The Indian stock market has shown resilience amid consolidation, with the Nifty 50 index rebounding sharply from key supports near 25,700-25,800 last week and repeatedly testing the bearish trendline resistance around 26,000. On December 19, the index traded firmly in the 25,950-26,000 zone, rising nearly 0.5-0.6% intraday, while broader market sentiment improved. The 50-share index extended its gains on Monday and definitely regained the 26,000 levels, hitting an intraday high of 26,148.40 and coming close to the lifetime high of 26,325.80. Mid-cap and small-cap indices outperformed, reflecting a turnaround in strength and renewed buying interest after declines, which helped stabilize the overall market breadth. The week was characterized by volatile yet constructive price action, with selling pressure absorbed at lower levels. Stock market today Nagraj Shetti, Senior Technical Research Analyst at HDFC Securities, believes Indian stock market sentiment is bullish, despite the Nifty 50 index trading in a narrow range on Monday with an upside upside. This indicates weakness and a tendency to take profits at higher levels. Commenting on the outlook for the Nifty 50 index after opening the gap on Monday, Nagraj Shetti said, “After showing weakness with limited movement in the middle of December 25, the market has seen a sharp breakout since Friday and is currently trading 170 points higher on Monday. The overall chart pattern indicates a decisive breakout from a crucial barrier around a crucial triangle around A 25,900 to 26,000 levels The overall chart pattern of the Nifty is bullish, and one can expect the next upside targets to be around the 26,300 to 26,400 levels.Nagraj Shetti’s stock recommendations For short-term stocks to buy, Nagraj Shetti of HDFC Securities has recommended two stocks: Borosil Renewables and NMDC ₹547.80, Stop Loss ₹532. After a sharp breakout on Monday, we observe the formation of an important reversal pattern as indicated by the daily and weekly RSI. More upside is expected at ₹78.10, target ₹82, stop loss ₹76. The recent downward correction is seen in this metal stock, and bullish higher tops and bottoms are observed on the daily chart, and the RSI shows a positive indication. The views and recommendations above are those of individual analysts or brokerage firms We advise investors to check with certified experts before making any investment decisions.

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