Market Trading Guide: Buy NBCC and Dalmia Bharat on Monday for gains of up to 11%. This is why

India’s benchmark indices closed with declines for the second day in a row, led by IT stocks, while selling pressure was also visible in the financial and auto sectors. The Nifty remains weak as the index has fallen below the 21 EMA on the hourly chart.Commenting on the current trends, Rupak De, Senior Technical Analyst at LKP Securities, said the decline below the 21 EMA indicates a rise in bearish betting after two days of a rangebound phase in recent sessions. “The RSI is in a bearish crossover and is trending lower, reflecting weakening momentum. During the session, the Nifty found support near the 26,000 level, where the 21 EMA is currently placed. In the near term, the trend may improve and return to 26,200 and above, provided 26,000 remains decisive. However, a sustained move below 26,000 could trigger further weakness in the market,” he said. The.

Here are 2 stock recommendations for Monday:

Buy NBCC for Rs 122 | Positive: 11% | Stop loss: Rs 114 | Target: Rs 130-135NBCC (India) made a strong bullish break and closed at Rs 122.06 with a sharp 5% upside move, confirming an upward resolution of the ascending channel. The price is trading comfortably above the major short- and medium-term moving averages, indicating a strong trend, while the RSI of near 64 reflects healthy momentum without entering overbought territory. Volumes expanded during the outbreak, further validating buyer participation. The overall structure remains positive as long as shares remain above channel support and recent swing lows.

(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Buy Dalmia Bharat for Rs 2,160 | Positive: 7% | Stop loss: Rs 2,070 | Target: Rs 2,280-2,320

Dalmia Bharat has witnessed a constructive recovery to close at Rs 2,160.60 with a decisive bullish candle after sustaining above the 200-DMA and reclaiming key short-term EMAs, indicating a trend revival after the recent correction phase. The RSI has risen to around 66, reflecting strengthening momentum without being overbought, while the improving price structure indicates a higher-low formation in the near term. A sustained move above the resistance zone of Rs 2,180–2,200 could accelerate upward traction.

(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)