Investors Wary Of Market’s Next Direction

Mumbai: Markets were choppy in intra-day trades but managed to end in the green on selective buying support as investors don’t want to rush into equities after Monday’s strong optimism

Prashanth Tapse, Senior VP-Research, Mehta Equities, said: “While foreign fund flows in the domestic market will be critical going ahead, investors are worried that US-China settling tariff disputes could revive foreign investors’ interest in Chinese markets again.”

Vaibhav Vidwani, Research Analyst, Bonanza, said: “The upside momentum was primarily driven by strong performances in the metal sector, which surged over 2 per cent, led by Tata Steel’s 4 per cent gain. Realty, oil, and IT sectors also contributed positively, whereas financials and FMCG lagged.”

The market’s upside was supported by easing geopolitical tensions, robust Q4 earnings from select companies like Max Financial Services and HAL, and positive sentiment around trade agreements. Going forward, market expectations remain cautiously optimistic, with anticipation continued to be positive, driven by favorable monsoon forecasts, improving rural consumption, and stable global trade dynamics.

STOCK PICKS

HCL Tech | TRADE-BUY | CMP: Rs1,,640 | SL: Rs1,,600 | TARGETs: Rs1,685–Rs1720

HCL Tech has shown a steady recovery from recent lows and is now trading above important support near Rs1,600. The stock is forming a bullish structure on the chart, with strong buying visible on minor dips. A sustained move above Rs1,645 could lead to a quick rally toward Rs1,685 and Rs1,720. The overall trend remains positive, and the current price offers a favorable entry. Traders can consider buying now or on slight declines, keeping a stop loss at Rs1,600.

Kaynes Technology | TRADE-BUY | CMP: Rs6,327 | SL: Rs6,150 | TARGETs: Rs6,550–Rs6700

Kaynes Technology is showing strong upward momentum after a sharp rally in the last few sessions. The stock has managed to hold gains and is trading near its recent highs, which is a positive sign. If it continues to trade above Rs6,300, it could soon head toward Rs6,550 and Rs6,700. The price pattern and buying activity suggest that bulls are in control. Traders can look to buy at current levels with a stop loss at Rs6,150 to manage risk

(Source: Riyank Arora, technical analyst at Mehta Equities)