Market Trading Guide: Buy HUL and JSW Steel on Monday for up to 8% short term gains. Here’s why

Feb 08, 2026, 03:51:00 PM IST

Nifty closed higher on the back of buying interest in consumer and private banking stocks, though gains were limited by selling pressure across auto, IT and pharma names. The index has been consolidating over the last few sessions.
Commenting on the key trends, Rupak De, Senior Technical Analyst at LKP Securities said that the support lies at 25,500 on the lower end while the resistance is seen around 25,700 on the higher end. "In the short term, the index is likely to remain range-bound between 25,500 and 25,700. A decisive breakout on either side of this range could trigger a directional move," De said.
Here are 2 stock recommendations for Monday:

ETMarkets.com

Stop-loss: 2,320
Target: 2,550
Hindustan Unilever is showing early signs of a trend reversal on the daily chart, with price sustaining above short-term moving averages and RSI holding near the 55–60 zone, indicating improving momentum after a prolonged consolidation; a buy is advisable around Rs 2,420–Rs 2,450 on dips or a minor pullback, with a stop loss placed at Rs 2,320 below the recent base and volume support to limit downside risk, while the target lies at Rs 2,550 as the first resistance zone followed by Rs 2,650 if strength continues, and a sustained move above Rs 2,500 could open room for a gradual trend resumption toward higher levels with trailing stops.
(Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio)

ETMarkets.com

Stop Loss: Rs 1,160
Target: Rs 1,300/1,340
JSW Steel continues to trade in a strong uptrend on the daily chart, holding above rising short- and medium-term moving averages with higher highs and higher lows intact, while RSI near 60 signals healthy momentum without being overbought; a buy can be considered around Rs 1,220–Rs 1,240 or on minor intraday dips, with a stop loss at Rs 1,160 below the rising trendline and recent swing support to protect against trend failure, and an upside target of Rs 1,300 initially followed by Rs 1,340 if the stock sustains above Rs 1,250 with volume support, keeping the overall bias positive as long as it remains above the trendline.
(Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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