HDFC Securities Expert Nagaraj Shetti Sees Bullish Momentum: Two Top Stock Picks for February 7

In today's market analysis, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, recommends two strategic stock picks. He advises buying FSN E-Commerce Ventures Ltd (Nykaa) at ₹183, targeting ₹195, with a stop loss at ₹177, over a one-week timeframe. Conversely, he suggests selling Tube Investments of India Ltd at ₹3,090, aiming for a target of ₹2,940, and setting a stop loss at ₹3,190, also within a week. These recommendations come amid recent market fluctuations, where the Nifty 50 experienced significant declines due to unfavorable global signals.

Source: Mint