The Nifty 50 began today's session with a gap-up at 24,278 versus Wednesday's close of 24,208, but the index is now hovering around 24,180, down about 0.1% as of latest trading data. According to The Hindu BusinessLine, the advance/decline ratio stands at 22/28, showing a bearish bias in the current session. The September expiry Nifty futures opened lower at 24,400 versus yesterday's close of 24,429 and is currently trading at 24,340, down nearly 0.4%. Market experts continue to identify three stocks for trading on August 27, 2026, as recommended by NeoTrader's Raja Venkatraman, with the sustained lack of participation and stock-specific scenario creating opportunities for traders.
Aakash K Hindocha, Vice President - Research at Nuvama Professional Clients Group/Nuvama Wealth, has identified three additional stocks for August 27 trading. Vedanta is recommended as a buy above ₹286.50 with a stop loss at ₹273 and target price of ₹314, after finding support near its 200-day moving average and closing above its 50-day moving average for four consecutive sessions. Central Depository Services (India) Ltd (CDSL) is recommended as a buy above ₹1,434 with a stop loss at ₹1,375 and target price of ₹1,555, with the stock forming a symmetrical triangle pattern over the past 1.5 years and showing 60% completion of the pattern's shape. Ashok Leyland is recommended as a buy above ₹179.05 with a stop loss at ₹171 and target price of ₹196, with the stock showing momentum pickup as the 14-day RSI moved above 60 after cooling off towards 50.
Chalet Hotels is recommended as a buy above ₹850 with a stop loss at ₹850 and target price of ₹940-960, according to Waves Strategy Advisors. The stock has been consolidating in a broad range of ₹785-875 since July 8, which is generally considered an accumulation phase, and gave a decisive breakout above this consolidation zone with sharp increase in volumes. Lodha Developers is recommended as a buy above ₹1,285 with a stop loss at ₹1,230 and target price of ₹1,340-1,400, as reported by Waves Strategy Advisors. The stock outperformed its sectoral index Nifty Realty by closing with a gain of almost 2% while the index closed with minor gain of 0.08%, indicating strong relative outperformance. Bharat Petroleum Corporation is recommended as a buy above ₹307 with a stop loss at ₹307 and target price of ₹333-345, with the stock reversing from the lower end of its months-long trendline and continuing to protect the prior day's low.
According to The Hindu BusinessLine, the Nifty 50 futures have been trading within 24,250 and 24,500 levels, with only a clear breach of either level leading to a fresh trend direction. A breakout of 24,500 can trigger a rally to 24,700, while if the contract breaches support at 24,250, a decline to 24,000 is possible. The current trading strategy suggests shorting Nifty futures (Sep) at 24,360 with a stop-loss at 24,420 and target at 24,250. Supports are placed at 24,250 and 24,150, while resistances are at 24,350 and 24,500. Among individual stocks, Kotak Mahindra Bank (up 2.3%) and Adani Enterprises (up 1.1%) are the top gainers, while Shriram Finance (down 1.4%) and NTPC (down 1.2%) are the top losers. Sectorally, Nifty Private Bank leads with 0.5% gains, while Nifty Media, Nifty FMCG and Nifty Auto are down 0.5% each.
The market may attempt to extend its upward move, but sustaining the rally will be key going forward, as noted by market experts. Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors, emphasizes that while the market may attempt to extend its upward move, sustaining the rally will be key going forward. The Federal Reserve Policy measures are now coming into play with markets fully pricing in three rate hikes this year, stoking anxiety that many central banks will start tightening policy. Among Nifty 50 constituents, Kotak Mahindra Bank, Axis Bank, and JSW Steel led the gainers, while Bharti Airtel, Power Grid, and Infosys emerged as the key laggards. Sectoral performance was mixed, with Cement, Metal, Chemical, and Private Bank indices posting the strongest gains, whereas IT, FMCG, and Consumer Durables sectors witnessed the steepest declines. The Nifty Midcap index fell 0.10%, while the Nifty Smallcap index rose 0.81% to close at an all-time high, indicating renewed buying interest in midcap and smallcap stocks.
