The Indian equity market kept sliding on Monday, wiping out early gains and ending sharply lower. Below is a simple recap and three trade ideas for today.
Market Recap
The Nifty opened on a modest rise but quickly turned negative, closing at 25,942.10, down 0.38%. Broad selling across most sectors reflected a cautious mood, while a handful of stocks such as Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, and Adani Ports managed modest gains.
Heavyweights like Interglobe Aviation, Wipro, Dr. Reddy’s, Sun Pharma, and Tata Motors pulled the index down. Investors appear to be shifting toward safer assets like gold and silver amid foreign fund outflows and global uncertainty.
Three Stock Picks for Today
HUDCO (Housing & Urban Development Corp.) – Buy
- Current price: ₹226.75
- Buy above: ₹230
- Stop loss: ₹215
- Target (2‑month outlook): ₹265
HUDCO is a government‑owned lender for housing and urban projects. After two months of decline, the stock seems to have found a floor near ₹207 and could climb if buying volume stays strong.
Key points
- P/E ratio: 16.2
- 2‑week high: ₹254.20
- Average daily volume: 10.24 M shares
- Risks: payment delays on projects, policy changes
Lloyds Metals & Energy – Intraday Buy
- Current price: ₹1,387.40
- Buy above: ₹1,395
- Stop loss: ₹1,360
- Target (intraday): ₹1,445
Lloyds Metals makes iron ore, sponge iron and pellets. The metals sector is gaining favor, and technical signals show strong buying interest when the price dips.
Key points
- P/E ratio: 34.6
- 2‑week high: ₹1,613.40
- Average daily volume: 368,830 shares
- Risks: high valuation, price swings, concentration in a few locations
Cyient – Intraday Sell
- Current price: ₹1,090
- Sell below: ₹1,080
- Stop loss: ₹1,100
- Target (intraday): ₹1,045
Cyient provides engineering and technology services. A strong bearish candle on Monday and an RSI slipping below 40 suggest further downside could follow.
Key points
- P/E ratio: 27.1
- 2‑week high: ₹1,050.10
- Average daily volume: 1.35 M shares
- Risks: competitive pressure, macro‑economic sensitivity, asset quality swings
Short‑Term Outlook
The market appears to be taking a breather after last week’s rally. Profit‑taking around the 26,000 level is likely, and the Nifty may test the 25,800 barrier. If it falls below that, a slide toward 25,500 could follow. Conversely, a clear break above 26,000 on a 30‑minute chart might open both buying and selling opportunities, so stay ready to lock in profits quickly.
Options data shows a put‑call ratio of 0.56 ahead of the monthly expiry, indicating an oversold market and active call writing around the 26,000‑26,100 strike range.
Disclaimer
These ideas are meant for informational purposes only and do not guarantee any returns. Always do your own research or consult a certified financial advisor before making any trade.