Stocks to Buy | Tariffs, Earnings & Market Moves: What should traders do now?
CA Rudramurthy BV, in an interview with ET Now, said that the broader markets are currently under pressure, and benchmark indices like the Nifty and Bank Nifty are experiencing significant volatility. Two key reasons behind this are the global tariff concerns and the weaker-than-expected corporate earnings this quarter. In such a scenario, index-wide strategies may not work well. Instead, the right approach is to be highly sector- and stock-specific to navigate the volatility effectively.
For Nifty, the 24,350 to 24,400 range acts as a strong support zone. This level corresponds with the gap-up seen after the Indo-Pak geopolitical tensions, making it a crucial floor for the market. Unless Nifty crosses the 25,000 mark, it is expected to remain in a phase of time-wise consolidation. Short-term traders must operate with strict risk management, while long-term investors should focus on selective accumulation in strong sectors.
Bank Nifty is relatively stronger compared to the Nifty and is holding up better under current market conditions. Its key support zone lies between 55,500 and 55,600. Despite this strength, one must still be very selective when buying into this segment. Given that much of the market weakness has already played out, it’s now too late to initiate fresh short positions, especially at current levels.
Indian Hotels is one stock that stands out due to its strong quarterly results. Technically, it has solid support around the ₹730 level. From its current market price, the downside appears limited. A good trade setup would be to go long with a target of ₹800, while placing a stop loss at ₹730 to manage risk effectively.
IndiGo has also shown relative strength after announcing its results. The stock remains a good buy, particularly on dips toward ₹5,700. From a positional perspective, a long trade here looks favourable. One can aim for a target of ₹6,000, with a stop loss of ₹5,680 to safeguard against any downside volatility.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
