The Indian stock market is poised for a flat to cautious opening on Tuesday, mirroring mixed signals from global peers. A guarded start to the week, fueled by escalating geopolitical tensions and renewed worries over tariffs, has prompted investors to book profits at higher levels, curbing overall risk appetite. Consequently, the market is anticipated to move within a range, with action likely to be concentrated in specific stocks and sectors rather than a broad-based directional trend.
Global Cues Present a Mixed Picture
Overnight, US equity markets closed higher, with the S&P 500 and Dow Jones Industrial Average scaling fresh record highs. This strength was underpinned by robust technology shares, sustained optimism surrounding artificial intelligence-driven growth, and market expectations of potential monetary policy easing by the Federal Reserve in 2026.
However, the mood in Asian markets is one of consolidation following a strong beginning to the year. Japan's benchmark Nikkei index was trading marginally lower, reflecting bouts of profit-taking by investors.
Analysts' Outlook on Precious Metals and Key Indices
Providing his perspective on silver, Ponmudi R, CEO at Enrich Money, stated that COMEX Silver is progressing towards the $78–$80 range. He noted that the metal is trading well above its short-term moving averages, keeping the broader upward trend firm. His medium-term targets for 2026 remain between $90 and $100, supported by structural demand from energy transition initiatives.
On gold, Ponmudi R maintained a firmly bullish stance, highlighting that COMEX Gold is trading near $4,460–$4,480 following a decisive breakout above previous resistance. The earlier consolidation zone of $4,330–$4,370 has now transformed into a strong support base. With prices holding above the 20-day Exponential Moving Average near $4,354, dip-buying interest is reinforced. A sustained move above $4,485 could pave the way for a rally towards $4,500–$4,550 and beyond.
Commenting on the domestic equity benchmark, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, observed that the underlying trend of the Nifty 50 index remains weak with choppy movement. He expects the index to bounce back from near the support level of around 26,100 in the short term, with the next key resistance to watch placed at 26,400.
On the Bank Nifty, Vatsal Bhuva, Technical Analyst at LKP Securities, pointed out a falling trendline breakout on the daily chart, with the index consolidating at higher levels. It is sustaining above its short-term 50-period Simple Moving Average on the hourly chart. The daily Relative Strength Index is in a bullish crossover around 65, signaling positive momentum. He advocates a buy-on-dips strategy as long as the index holds above 59,300, with immediate support at 59,800 and resistance near 60,500.
Eight Intraday Stock Picks from Market Experts
Several market experts have recommended specific stocks for intraday trading today. Their picks are based on technical analysis and current market conditions.
Sumeet Bagadia, Executive Director at Choice Broking, recommended two stocks:
- Torrent Pharma: Buy at ₹3937, target ₹4211, stop loss ₹3800.
- Sai Life Sciences: Buy at ₹976, target ₹1045, stop loss ₹942.
Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks:
- Jubilant FoodWorks: Buy at ₹548, target ₹580, stop loss ₹532.
- Infosys: Buy at ₹1612, target ₹1660, stop loss ₹1580.
- GPPL (Gujarat Pipavav Port Ltd): Buy at ₹189, target ₹196, stop loss ₹184.
Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, recommended three stocks:
- Aster DM Healthcare: Buy at ₹625.65, target ₹665, stop loss ₹610.
- Avalon Technologies: Buy at ₹924.60, target ₹975, stop loss ₹905.
- Petronet LNG: Buy at ₹295, target ₹315, stop loss ₹288.
Disclaimer: This article is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies and not of the publisher. Investors are strongly advised to consult with certified experts before making any investment decisions.
