Stock Market Update: BTST/STBT Calls for Monday – Experts Recommend Polycab, SBI Life & More

KKN Gurugram Desk | The Indian stock market witnessed a decline on Friday, marking a weak close for the week. The Nifty 50 index dropped by 117 points, closing at 22,796, falling below 22,800 for the first time since June 5, 2024. The Sensex plunged by 425 points, ending at 75,311.

The midcap and smallcap segments faced heavy selling, and apart from the metal sector, all other indices experienced pressure. Among the 30 Sensex stocks, 22 ended in the red, while 37 out of 50 Nifty stocks declined. The Bank Nifty index also saw a slump, with 10 out of 12 stocks in the red.

Amidst the volatility, market experts provided BTST (Buy Today Sell Tomorrow) and STBT (Sell Today Buy Tomorrow) trading calls for investors looking to capitalize on Monday’s trading session. Below are the recommended stocks along with their target prices and stop-loss levels.

BTST Calls for Monday: Stock Picks & Price Targets

1. Rajesh Satpute’s BTST Call – Polycab

Rajesh Satpute, from rajeshsatpute.com, has suggested a BTST buy call on Polycab for Monday.

• Buy Level: ₹5,848
• Target Price: ₹6,000
• Stop-Loss: ₹5,800

According to him, Polycab shares have strong upside potential, and short-term traders can benefit from this momentum.

2. Manas Jaiswal’s BTST Call – SBI Life

Market expert Manas Jaiswal, from manasjaiswal.com, has recommended buying SBI Life for a quick gain on Monday.

• Buy Level: ₹1,496
• Target Price: ₹1,525
• Stop-Loss: ₹1,479

He believes that SBI Life shares are in a strong technical position, making them a good pick for short-term gains.

3. Kavita Jain’s BTST Call – Torrent Power

Arihant Capital’s Kavita Jain has suggested buying Torrent Power as part of her BTST strategy.

• Buy Level: ₹1,290
• Target Range: ₹1,320 – ₹1,350
• Stop-Loss: ₹1,270

She expects strong momentum in Torrent Power, making it an attractive stock for traders looking for short-term profits.

4. Amit Seth’s BTST Call – Interglobe Aviation (Indigo)

Stock market expert Amit Seth has recommended buying Interglobe Aviation (Indigo) for quick gains.

• Buy Level: ₹4,517
• Target Price: ₹4,620
• Stop-Loss: ₹4,460

With rising travel demand, Indigo is in a strong position, and short-term traders can take advantage of its current trend.

STBT Call for Monday: Short-Selling Opportunity

5. Rachana Vaidya’s STBT Call – Exide Industries

Market analyst Rachana Vaidya, from rachanavaidya.in, has suggested an STBT call on Exide Industries for Monday.

• Sell Level: ₹1,904
• Target Price: ₹1,870
• Stop-Loss: ₹1,926

She expects Exide shares to see some downside, making it a good opportunity for short-sellers.

Market Expert Views on Current Volatility

Stock market analysts believe that the current market correction is temporary. Experts suggest that investors should focus on capital goods and industrial sector stocks, which are expected to perform well in the coming sessions.

Additionally, Foreign Institutional Investors (FIIs) sold ₹3,450 crore worth of equities, while Domestic Institutional Investors (DIIs) purchased ₹2,885 crore worth of stocks. This indicates a shift in market dynamics, and investors should remain cautious while trading in high-volatility conditions.

• Polycab and SBI Life are among the top BTST picks, offering good upside potential.
• Torrent Power and Indigo also present short-term profit opportunities.
• Exide Industries is recommended for short-selling, expecting a decline in price.
• Market volatility remains high, and investors should follow strict stop-loss levels to manage risks.
• Sector rotation is happening, and capital goods & industrial stocks may see better performance.

(Disclaimer: The stock recommendations are based on expert analysis and market conditions. Investors should consult certified financial advisors before making any trading decisions.)