Stocks To Buy Today, Dec 9: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Tuesday

The Sensex fell by around 600 points and the Nifty 50 fell significantly below the 26,000 mark, indicating a definite loss of upward momentum, as Indian markets concluded the previous session on a very negative note. The India VIX remained muted despite the steep drop, suggesting that the market is still in a consolidation period.

While on the domestic front, factors like INR-USD movement and FII flow movements will shape the momentum in the upcoming sessions, the market-wide sell-off was driven by cautious sentiment ahead of the US Federal Reserve's rate decision, ongoing FII selling, and the markets remaining volatile ahead of the US Fed policy outcome.

Nifty Outlook Today

"On the technical front, the Nifty now holds immediate support in the 25,800-25,850 range, while resistance is seen around 26,100-26,150, a zone where repeated intraday rejection highlights strong overhead supply. In the banking space, the Bank Nifty faces resistance near 59,500-59,600, while crucial support lies around 58,900-59,000, a zone that will be critical to sustaining broader market stability," said Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.

Bank Nifty Outlook Today

"Bank Nifty closed sharply lower, failing to carry forward the previous day's optimistic momentum. However, unlike Nifty, Bank Nifty managed to close above the 21 EMA, keeping the technical uptrend intact. Even so, sentiment appears weak, and the moving average support looks fragile. A bearish crossover in the RSI also indicates weakening momentum. The short-term outlook remains negative, with the index potentially sliding towards 58,800/58,500. On the higher side, resistance is placed at 59,500/59,800," commented Rupak De, Senior Technical Analyst at LKP Securities.

Stocks To Buy Today

On Tuesday, December 9, technical analyst Riyank Arora of Mehta Equities Ltd. recommended buying two stocks after the Nifty fell below 26,000 as investors remained cautious in anticipation of this week's Fed policy outcome.

LatentView

Buy | CMP: Rs 497.35 | SL: Rs 480 | Target: Rs 515 / Rs 535

LatentView has posted a powerful recovery candle, signalling renewed demand after a prolonged phase of muted movement. The stock is holding well above the ₹480 support region and has crossed short-term resistance levels with conviction. RSI is strengthening and price structure suggests a near-term breakout continuation. A sustained move above ₹500 can open the path toward ₹515 and ₹535. SL recommended at ₹480.

Stallion

Buy | CMP: Rs 194.16 | SL: Rs 186 | Target: Rs 202 / Rs 210

Stallion is showing steady upward momentum with the stock forming higher highs and trading firmly above its key support at ₹186. Price action indicates accumulation with healthy intraday demand. RSI has also tilted positively, suggesting continuation of strength. A breakout above ₹196 can push the stock toward ₹202 and ₹210. Traders can buy with a stop-loss placed at ₹186.

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