The Indian stock market recently navigated a turbulent session, with benchmark indices losing ground due to sustained foreign institutional investor (FII) selling and lackluster performance from the information technology sector.
Despite the broader market cooling, appetite for risk remains in specific segments. Notably, both Nifty Midcap and Smallcap indices managed to buck the downward trend, signaling resilience among secondary stocks.
Technical analyst Sumeet Bagadia has stepped forward with actionable advice, identifying three high-conviction stocks to monitor for the Monday session. These selections aim to capitalize on localized momentum despite the prevailing indecisiveness surrounding key support and resistance levels for Nifty and Bank Nifty.
Investors are advised to maintain strict discipline. Analysts continue to emphasize that given the current climate of volatility, monitoring the technical thresholds of major indices is vital for managing entry and exit points effectively.
