2 top stock recommendations from Rajesh Bhosale for near term

A volatile trading session kept investors on edge as frontline indices slipped under pressure, led by weakness in banking stocks. The Nifty, trading near 22,570, saw sharp intraday cuts, though it managed to hold on to a crucial support zone, offering some stability in an otherwise fragile market.

Rajesh Bhosale from Angel One summed up the market mood succinctly: “There is a severe cut in Nifty and Bank Nifty, but Nifty is holding the crucial 22,400 support. The immediate range is 22,400 to 22,600, and a breakout above 22,600 could trigger short covering.”

The narrow trading band has become the focal point for traders, especially on a monthly expiry day where derivatives positioning often dictates short-term moves. A sustained move beyond this zone could set the tone for the next leg.


Even as broader indices struggled, the metal pack emerged as a clear outperformer. Supported by a surge in global aluminium prices, stocks like Nalco, Vedanta, and Hindalco saw strong buying interest, pushing the Nifty Metal Index into positive territory.

On stock-specific opportunities, Bhosale noted: “Metal stocks are showing relative strength. We like National Aluminium and remain bullish on Coal India with a buy-on-dips approach.”

Coal India, in particular, continues to exhibit a strong uptrend, making it a preferred pick in a weak market. At the same time, Bhosale maintained a cautious stance on select counters.

Highlighting a bearish setup, he added: “UPL is showing a fresh breakdown and may see further downside towards 550 levels.”

The divergence between sectors reflects a market where stock-specific action is dominating broader trends. While banking and benchmark indices remain under pressure, metals are benefiting from both global cues and strong technical structures.

Further reinforcing the positive outlook on metals, Bhosale said: “The metal index is showing strength, with Nalco and SAIL looking positive and likely to move higher.”

As the session heads toward expiry, traders are likely to remain focused on the 22,400–22,600 range. While volatility may persist, the relative strength in metals offers a tactical opportunity in an otherwise cautious market landscape.