Equity benchmarks ended Friday's trading session with modest gains, as the Sensex closed 266 points higher at 83,580.40 and the Nifty 50 gained 51 points to settle at 25,693.70. According to Mint, the positive momentum was driven by buying in select heavyweights including ITC, Kotak Mahindra Bank, and ICICI Bank. However, market breadth remained weak with 1,340 stocks advancing against 1,784 declines, underscoring continued pressure in the broader market. The BSE 150 MidCap Index dropped 0.11% while the BSE 250 SmallCap Index fell 0.42%, indicating underperformance in mid and small-cap segments. Sector-wise, FMCG (+2.3%) and Consumer Durables (+1.0%) outperformed with steady demand expectations, while IT (-1.5%) underperformed amid lingering global tech spending concerns.
Market experts have identified nine stocks with strong technical setups for trading on February 9, as reported by Moneycontrol. Additionally, NeoTrader's Raja Venkatraman recommends three additional stocks for February 6 trading. These recommendations span across sectors including automotive, energy, financial services, and infrastructure, with specific target levels and risk management strategies outlined. The analysis focuses on stocks that have broken out of technical patterns or are showing strong momentum indicators, with most stocks showing potential for 5-10% upside movement in the near term. The Times of India also features three additional buy recommendations including Petronet LNG with target ₹324, MRPL with target ₹201, and CCL with target ₹1078. Latest expert recommendations from Choice Broking, Anand Rathi, and Prabhudas Lilladher include JK Tyre (₹546 target ₹584), MRPL (₹183 target ₹197), Graphite India (₹637 target ₹660), BEL (₹439 target ₹464), LTF (₹287 target ₹298), Shipping Corporation of India (₹226 target ₹240), CESC (₹152.80 target ₹162), and BEML (₹1764 target ₹1855).
Five additional stocks have been recommended by experts for intraday trading today. GESHIP is recommended at ₹1268 with target ₹1352 and stop loss ₹1224, having recently reached its 52-week high of ₹1285.40 after breaking out of consolidation. IOC is suggested at ₹176 with target ₹188 and stop loss ₹170, maintaining a strong upward trajectory with higher highs and higher lows. PNB is recommended at ₹124 with target ₹132 and stop loss ₹118, exhibiting strong bullish patterns with solid support at ₹118. Poly Medicure is suggested at ₹1500 with target ₹1575 and stop loss ₹1470, showing strong bullish patterns with continuous support at ₹1470. UPL is recommended at ₹750 with target ₹780 and stop loss ₹730, exhibiting strong bullish patterns with strong support at ₹730.
MarketSmith India has released two specific stock recommendations for February 9. The first recommendation is Navin Fluorine International Ltd (current price: ₹6,417) with a buy range of ₹6,400-6,450 and target price of ₹7,400 in two to three months with stop loss at ₹6,000. According to MarketSmith India, the company benefits from strong positioning in specialty fluorochemicals with diversified product mix across CRAMS, HPP, and refrigerants, long-term contracts with global innovators, and ongoing capacity expansion. The second recommendation is Ceigall India Ltd (current price: ₹291) with buy range ₹288-293 and target price of ₹328 in two to three months with stop loss at ₹275. As per MarketSmith India, the leading EPC infrastructure player in roads, flyovers & bridges benefits from diversified EPC and Hybrid Annuity Model projects, steady order wins, and reasonable valuations with P/E below sector average.
From a technical perspective, the Nifty 50 has shown meaningful improvement in price structure after a volatile phase, recently reclaiming both its 100- and 200-DMA in quick succession. According to Mint, the index delivered a decisive close above these key moving averages, signalling restoration of medium-term trend strength. The Nifty Bank opened at 59,967.10, slipped to intraday low of 59,644.55, and closed at 60,120.55, indicating dip-buying interest near key moving averages. Momentum indicators are showing early signs of improvement with the RSI placed near 56 trading above 50, while the MACD remains positive with the signal line holding above zero. On the downside, 25,400-25,100 is expected to act as immediate cushion for Nifty 50, with upside resistance at 25,800-26,000, and a sustained close above 26,000 would be a key technical trigger. Since September 2025, the benchmark index has continued to consolidate within 26,300-24,500 levels, indicating a sideways trend, with any decisive breakout above 26,000-26,400 may trigger fresh buying momentum.
