On September 8, India’s equity markets opened with the Nifty 50 hovering near a narrow range, reflecting cautious sentiment after a week of mixed global cues. In this backdrop, veteran market strategist Raja Venkatraman shared his technical outlook, zeroing in on three stocks that he believes can deliver incremental returns for the average salaried investor. Venkatraman’s first pick is a leading information technology firm that has broken above its 200‑day moving average and is forming a classic bullish flag on the daily chart. The second recommendation is a fast‑growing non‑bank financial company whose price has held a strong support level around INR 1,200, with the relative strength index indicating continued upward momentum.
His third suggestion is a metal‑mining heavyweight that has recently bounced off a long‑term demand‑driven trendline, offering a modest dividend yield that appeals to income‑seeking investors. For retail investors, the appeal lies in the blend of capital‑appreciation potential and sector diversification. While the broader Sensex remains range‑bound, these stocks belong to segments that have outperformed the index over the past quarter, providing a tactical edge. Venkatraman advises entering on short‑term pullbacks and placing stop‑losses just below the identified support zones to manage downside risk.
Ultimately, he cautions that no single recommendation can replace a disciplined portfolio strategy. Investors should align any new position with their risk tolerance, monitor macro‑economic signals such as RBI policy moves, and treat these picks as part of a broader, diversified equity plan.