Indian stocks have risen for two days as the rupee bounced back from record lows and global cues look positive, while investors await the US Fed's next rate decision.
Market Snapshot
The Nifty 50 gained 0.79% to close at 26,172.40 on Monday, adding to a 0.58% rise on Friday for a total 1.4% gain over two sessions. The rupee fell 0.4% to 89.65 per dollar, ending its three‑day rally. Foreign investors sold about ₹457 crore of Indian shares after buying for three days.
What Could Keep the Market Jumpy?
Global news will still move the market. The upcoming U.S. third‑quarter GDP report will show how tariffs are affecting the economy and may shape expectations for the Fed’s interest‑rate path.
Analysts suggest focusing on stocks with solid fundamentals and clear technical signals.
Short‑Term Stock Picks (1‑2 Weeks)
Bharti Airtel
- Buy at: ₹2,147.60
- Target: ₹2,300
- Stop loss: ₹2,060
- Why: The share broke out of a sideways range, is trading above key moving averages and shows strong momentum (RSI 65). Support sits near ₹2,100.
NMDC
- Buy at: ₹78.52
- Target: ₹85
- Stop loss: ₹75.25
- Why: The stock is holding above its 20‑day EMA, with rising momentum (RSI 64). Immediate support around ₹76.20.
BSE Ltd.
- Buy at: ₹2,775.50
- Target: ₹3,030
- Stop loss: ₹2,650
- Why: Higher‑high, higher‑low pattern and price above all major EMAs indicate a strong uptrend. Resistance near ₹2,800.
Birlasoft
- Buy at: ₹450
- Target: ₹496 – ₹510
- Stop loss: ₹420
- Why: A bullish crossover of the 21‑day and 55‑day EMAs and a break above a falling trendline show growing short‑term strength.
Glenmark Pharmaceuticals
- Buy at: ₹2,038
- Target: ₹2,150 – ₹2,180
- Stop loss: ₹1,930
- Why: The share has turned bullish with a moving‑average crossover and higher highs/lows, suggesting continued upside.
KEI Industries
- Buy at: ₹4,440
- Target: ₹4,800 – ₹4,900
- Stop loss: ₹4,140
- Why: A clear breakout and double‑bottom pattern, plus strong volume, point to a fresh buying wave.
Remember, this is just one perspective, not a prediction. Do your own research or talk to a certified advisor before making any trades.