
F&O Strategy: Buy Godfrey Phillips India, Colgate-Palmolive suggests Rupak De in a subdued stock market today
Live MintStock market today: The domestic benchmark indices, Nifty 50 and Sensex, experienced a drop on Monday as investor sentiment remained subdued due to elevated stock valuations, weak corporate earnings, and uncertainty in global trade. Technical views by Rupak De, Senior Technical Analyst, LKP Securities on F&O market Nifty 50 The Nifty 50 remains under bearish pressure, slipping below 23,000 after briefly holding above this level for a few days. Market sentiment stays fragile, even as the index rebounded 155 points from its intraday low, continuing to trade below a key short-term moving average. Buy Godfrey Phillips India Ltd around ₹ 5,700 | Target: ₹ 6,300 | Stop Loss: ₹ 5,450 The Godfrey Phillips has broken out of a falling channel on the daily chart, signaling increasing optimism.
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