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Indian stocks fell for the third consecutive day last Friday, impacted by weakness in Reliance Industries and ongoing concerns about high US tariffs. The Sensex fell 271 points, and the Nifty dropped 74 points. Weak global economic signals and bearish technical indicators are keeping investors on the sidelines, and market sentiment remains fragile.

Technically, the Nifty index faces short-term support at the previous range-bound bottom of around 24,400 points. As long as this level holds, the stock market is currently at a bottom, and a rebound is imminent. If this support level fails to hold, negative investor sentiment could lead to further declines in the short term, a factor that investors must consider.

Our trading advice is that if the Nifty index holds near the relative support level of 24,400 points, you can continue buying stocks once the decline stabilizes, hoping to reap profits on a rebound. If the Nifty index fails to hold near 24,400 points, you should reduce your holdings to mitigate downside risk. Market sentiment is currently volatile, and retail investors must adapt to the market to minimize losses and maximize profits. For short-term trading, focus on buying low and selling high, and entering and exiting quickly. For long-term trading, continue holding stocks firmly and avoid increasing your holdings. Monitor the progress of tariffs and trade, as well as market fluctuations, before deciding whether to buy more. These are our views, and I hope you will carefully consider and implement them in your trading.

Stock Tips short term:

DRREDDY
Purchase price: ?1240--?1270
Expected selling price: ?1360--?1400
Expected return: 10%--30%
Holding period: 5-10 days

SYRMA
Purchase Price: ?740--?760
Expected Selling Price: ?800--?1000
Expected Return: 10%--30%
Holding period: 5-10 days