Stocks to buy under ₹100: Experts recommend three shares to buy today amid Trump's tariff uncertainty
The Nifty Midcap and Smallcap Indices witnessed profit booking to end the day with minor losses. The Nifty Midcap 100 Index fell by 0.27%, while the Nifty Smallcap 100 Index fell by 0.44%. Market breadth turned negative, with declining stocks outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.72. Amongst the sectoral Indices, Nifty FMCG, OIL/Gas, and Realty were major gainers, while Nifty Media, IT, and Metal were major losers.
Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index continues to remain sluggish for another session witnessing consolidation with a very narrow range bound movement during the intraday session to end on a flat note with bias and sentiment sustained, having the important near-term support positioned near 25,250-25,300 zone. As mentioned earlier, we can expect a revival on the upside and carry on with the positive move for higher targets of 25700 and 26200 levels once a decisive breach above the 25650 zone is confirmed."
"The Bank Nifty index witnessed some volatility in the initial half, finding resistance near the 57,150 zone and slipping down to remain rangebound and ended the session almost on a flat note, just below the 57,000 zone with bias maintained intact and formation on a higher bottom pattern visible on the daily chart. As mentioned earlier, the index continues to have the 56,000 zone as the important support, which needs to be sustained as of now. Once a decisive breach above the resistance level of 57,600 is breached, one can expect fresh targets of 58,500 and 60,000 levels in the coming days," said Shiju Kuthupalakkal.
Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher and Anshul Jain, Head of Research at Lakshmishree Investment — recommended three intraday stocks for today under ₹ 100: RattanIndia Power, TTML, and Jain Irrigation.
1] RattanIndia Power: Buy at ₹ 15.92, Target ₹ 18, Stop Loss ₹ 15.
2] TTMLL: Buy at ₹ 65, Targets ₹ 68, ₹ 70, Stop Loss ₹ 63; and
3] Jain Irrigation: Buy at ₹ 56, Targets ₹ 59, ₹ 61, Stop Loss ₹ 54.
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