Stock market next week
On the Indian stock market’s outlook in the near term, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, “We expect the market to continue to trade with weakness due to weak global sentiments and lack of domestic triggers.”
Speaking on the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “The underlying trend of the Nifty 50 index is sharply down, and one may expect more declines in the short term. Having moved below the immediate support of 22,400 (20-month EMA), Nifty could now slide down to the next lower supports of 21,800 to 21,700 levels (swing lows of Mar-Apr 24) in the coming week. Immediate resistance for Nifty today is placed around 22,300.”
Asked about the outlook of the Bank Nifty index, Om Mehra, Technical Analyst at SAMCO Securities, said, “Nifty Bank closed at 48,344.70, down 0.82%, extending its losing streak to three consecutive months, with February registering a 2.51% decline. Last Friday, the index opened with a gap down and remained under pressure throughout the session, leaving the gap unfilled—adding to the bearish undertone. The daily RSI remaining below 40 and a negative MACD crossover indicate that downside risk persists. The next key support stands at 47,840. However, any attempt to catch the bottom may be premature until a decisive weekly reversal signals strength.”
Stocks to buy under ₹100
Regarding shares to buy under ₹100, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended buying these three shares: SBFC Finance, ZEE, and Niraj Cement Structurals.
Sumeet Bagadia’s intraday stock
1] SBFC Finance: Buy at ₹88.27, target ₹94.44, stop loss ₹85.18.
Mahesh M Ojha’s share to buy under ₹100
2] ZEE: Buy at ₹92 to ₹93, targets ₹96, ₹98, and ₹100, stop loss ₹89.80.
Anshul Jain’s stock to buy
3] Niraj Cement Structurals: Buy at ₹50, target ₹54, stop loss 48 (Closing Basis).
Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
