Market Weakness

The Nifty 50 index finished at 22,421, logging a weekly loss for the eighth straight session.

Market Weakness

The BSE Sensex fell nearly 2000 points, with Bank Nifty at 54,450.

Market Prediction

Sumeet Bagadia, Choice Broking's executive director, says Nifty bias has weakened as it approaches 22,200 support.

2008 Analogy

Bagadia notes Nifty declined seven weeks in 2008 before a five-week positive move.

Technical Analysis

PCR at 0.99 shows balanced options, with highest Call OI around 22,400, 22,500 and Put OI around 22,400, 22,300.

Breakout Stocks

Sumeet Bagadia recommends five stocks for Monday: Siemens, Aadhar Housing, Styrenix, Tata Comms, Sudarshan.

Siemens Energy India

Buy at ₹3,334 | Target ₹3,660 | Stop Loss ₹3,180.

“The Siemens Energy India share has shown a fresh expansion in its daily price action after breaking out of its recent trading range”

Aadhar Housing Finance

Buy at ₹449 | Target ₹490 | Stop Loss ₹427.

“Aadhar Housing Finance's share has shown a notable improvement in its daily price action after breaking above the highs of the previous three trading sessions”

Styrenix

Buy at ₹2,055 | Target ₹2,260 | Stop Loss ₹1,950.

“The stock has shown a positive shift in its daily price action after breaking out of a well-defined trading range”

Tata Communications

Buy at ₹1,683 | Target ₹1,850 | Stop Loss ₹1,600.

“The breakout stock is currently trading around ₹1,683 and appears to be showing a potential bullish setup”

Sudarshan Chemicals

Buy at ₹1,241 | Target ₹1,360 | Stop Loss ₹1,184.

“Sudarshan Chemicals' share is showing improving price action on the daily chart after taking support near its rising trend line”