Stocks to buy: According to Axis Securities, if Nifty crosses and sustains above the 22,200 level, it would witness buying, leading the index towards 22,300-22,500 levels. However, if the index breaks below the 21,900 level, it would witness selling, taking the index towards 21,800-21,600.
Adani Ports share price surged by 92 per cent in the last year, outperforming Nifty 50. The stock hit an all-time high last week after reporting a 33 per cent rise in cargo volumes. Analysts forecast continued growth, with targets ranging from ₹1,560 to ₹1,600.
Domestic market benchmark Nifty 50 fell over half a per cent on Monday due to banking heavyweights like HDFC Bank, ICICI Bank, and SBI. Technical experts expect the index to trade in a range with potential buying above 22,600 levels and selling below 22,400 levels.
NSE, the country s biggest stock exchange by traded volume and value, clocked commodity derivates volumes of ₹38,418 crore in January against the NCDEX s ₹12,509 crore