The Indian equity market closed the previous session with the Nifty hovering around the 22,500 mark and the Sensex barely moving, reflecting a cautious tone after a week of mixed global cues. In this backdrop, market strategist Raja Venkatraman shared his short‑term outlook, recommending three stocks that he believes can deliver upside while the broader indices remain range‑bound. , noting that the stock has broken above its 200‑day moving average and is trading near a strong resistance at Rs 1,800, offering a bullish technical setup.
He also pointed to Sun Pharmaceutical Industries, which has formed a higher‑low pattern and enjoys support around Rs 950, making it a candidate for a breakout rally. The third pick is HDFC Bank, where the price sits above the 50‑day moving average and the chart shows a rising channel, suggesting continued momentum in the financial sector. For each name, Venkatraman suggested entering on a pull‑back to the nearest support level, placing a stop loss just below that zone, and targeting a 3‑to‑4‑times risk‑reward ratio.
He cautioned retail investors to keep position sizes modest, especially given the lingering uncertainty around global rate moves and upcoming RBI policy reviews. Overall, the picks aim to capture sector‑specific strength while the Nifty trades sideways, offering salaried professionals a way to add incremental returns without over‑leveraging. As always, investors should monitor macro data and remain disciplined about risk management.