The Indian stock market ended its longest winning streak of the year last week, as rising tensions between India and Pakistan caused investor worries. The border conflict and reports of drone and missile attacks led to increased market volatility and a drop in key indices.
During the week, the Sensex fell by 1,047.52 points (1.30%), while the Nifty dropped by 338.7 points (1.39%). This decline was mostly due to growing geopolitical tensions that shook investor confidence.
Market Outlook by Sumeet Bagadia
Sumeet Bagadia, Executive Director at Choice Broking, said the market has turned cautious. He pointed out that the Nifty 50 has closed below its 50-day moving average (DEMA) of 24,050, which is a sign of weakness. Now, the support level is around 23,800, and the resistance (hurdle) is at 23,400.
He advised investors to focus on specific stocks that still look strong on technical charts, rather than the overall market.
Stocks to Buy Under ₹100 – Recommended by Sumeet Bagadia
- Silgo Retail
Buy at: ₹49.35, Stop Loss: ₹47.5, Target Price: ₹53
- Lotus Eye Hospital and Institute
Buy at: ₹73.3, Stop Loss: ₹70.5, Target Price: ₹78.5
- Cupid
Buy at: ₹84.13, Stop Loss: ₹81, Target Price: ₹90
These are short-term momentum buys, which means they are expected to move up soon based on current chart trends.
