Market trading guide: Buy Raghav Productivity and this small cap stock on Monday for potential gains of up to 11%

India’s benchmark index Nifty ended with cuts for the second straight session amid profit booking and mixed global cues, dragged down by bankers HDFC Bank and ICICI Bank. Nifty remained weak throughout the day as the index failed to sustain above 25,950.

Commenting on the current trend, Rupak De, Senior Technical Analyst at LKP Securities, said bears took control of the session as Nifty failed to move decisively above 25,950. “On the downside, support at 25,800 was broken, setting a bearish tone. In the short term, the trend is likely to remain weak, with the potential to decline towards 25,525. On the upside, resistance is placed at 25,850, above which the trend could turn positive,” De said.

Here are four stock recommendations for Monday:

Buy Raghav Productivity Enhancers at Rs 781.65 | Positive: 11% | Stop loss: Rs 710 | Target: Rs 870

RPEL broke out of a symmetrical triangle pattern on the daily chart, closing the session with a strong bullish candle, supported by volumes significantly above the 20-day average, indicating strong accumulation. The stock is trading well above its 20-, 50-, 100-, and 200-day EMAs, reaffirming the strength of the ongoing uptrend. The RSI, currently at 72.11 and trending higher, indicates robust bullish momentum and suggests potential for further upside in the near term. (Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Buy Choice International for Rs 836.60 | Positive: 8% | Stop loss: Rs 802 | Target: Rs 905

Choice International recorded a breakout from the consolidation zone on the daily chart, closing the session with a strong bullish candle, supported by volumes well above the 20-day average, indicating robust accumulation. The stock is trading solidly above the 20-, 50-, 100-, and 200-day EMAs, underscoring the strength of the ongoing uptrend. The RSI, currently at 61.81 and rising, signals strengthening bullish momentum and points to the potential for further upside in the near term.

(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.)