Rupak De, Senior Technical Analyst at LKP Securities said the index remained volatile throughout the session as investors stayed uncertain about the market’s near-term direction. “The daily RSI continues to remain in a bearish crossover, suggesting that the negative momentum is still intact. On the upside, the 23,500 zone continues to act as a strong resistance level. In the near term, the index may remain under pressure, while immediate support is placed around 23,150–23,200,” De said.
Here are 2 stocks to buy:
Buy SAIL at Rs 200-202 | Upside: 9%
Stop Loss: Rs 190
Target: Rs 215 & 220
SAIL has delivered a textbook structural breakout on the weekly timeframe, signaling a shift from a broad consolidation phase into a strong momentum-driven uptrend. The price action reflects heavy institutional accumulation as it clears multi-year resistance levels. The RSI is currently pushing into the 75–78 zone. With the stock clearing its 2024 peaks, it has entered a price discovery zone with very little overhead supply(Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio)
Buy Hindustan Copper at Rs 590-595 | Upside: 6%
Stop Loss: Rs 575
Target: Rs 625-630
Hindustan Copper has successfully completed a mean reversion and price-time correction after its parabolic surge in early 2026. The stock is currently exhibiting signs of a Trend Reversal on the daily timeframe, supported by a constructive base formation and rising momentum. The price has reclaimed its position above the Daily EMA.
(Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
