Nifty consolidates in narrow range, stocks to buy today

Indian equity benchmarks extended their losing run to a fifth straight session on Monday, with the Nifty 50 closing at 24,287.65, down 78 points or 0.32%, while the Sensex fell 281 points to 77,728.16, as per Livemint. Sudeep Shah of SBI Securities told the Times of India that the Nifty has traded in a narrow 500-point range since August, with the daily ATR at 192 points, the lowest since January 2026, indicating fading upside momentum.

Several analysts have issued stock recommendations. Shah recommends accumulating Ujjivan Small Finance Bank in the 72-73 zone for a target of 78, and 360 One Wam in the 1170-1185 zone for a target of 1265. Livemint's Raja Venkatraman recommends buying Ipca Laboratories above 1890 for a target of 2150, Motilal Oswal Financial Services above 960 for a target of 1060, and Balrampur Chini Mills above 658 for a target of 725. MarketSmith India recommends buying Raymond Ltd at 642-651 for a target of 750, and Billionbrains Garage Ventures at 196-199 for a target of 225.

Bank Nifty has oscillated in the 56023-58706 zone for nine weeks, with the daily ADX at 8.99, the lowest since March 2019, suggesting no directional strength, Shah noted. Traders await a decisive move beyond the 24200-24600 range on the Nifty and the 57100-58100 range on Bank Nifty to confirm the next trending move.