Friday felt frustrating for a lot of retail investors. The market opened with energy, looked ready for another strong session, and then slowly lost steam as the day progressed. I was tracking the charts during the second half, and the mood clearly changed once profit booking kicked in near higher levels.
By closing bell, the excitement had cooled off.
The Sensex slipped 161 points to close at 75,237, while the Nifty 50 ended below the 23,650 mark. What stood out to me wasn’t the fall itself, it was the way traders became cautious despite a positive opening. Rising crude oil prices, weakness in the rupee, and uncertain global cues seem to be making investors nervous again.
Still, this kind of market often creates opportunities in selected stocks, especially in the under-₹100 segment where retail participation stays high. According to market expert Sumeet Bagadia, three stocks are looking attractive for Monday’s session: NMDC, Bank of Maharashtra, and Motherson Sumi Wiring India.
I went through the technical setup and recent price action of all three stocks, and here’s a practical breakdown of why traders are watching them closely.
Market Mood Before Monday’s Opening
One thing I’ve learned after watching the Indian market for years is that a weak closing doesn’t always mean panic. Sometimes it simply means traders are booking profits before the weekend.
That’s exactly what Friday looked like.
The Nifty opened with a gap-up around 23,731 and even touched 23,839 during the day. But sellers quickly became active near resistance levels. By afternoon, the index had slipped sharply toward 23,610.
This tells us one important thing: bulls are still active, but confidence is missing at higher levels.
According to Bagadia, the immediate support for Nifty lies around 23,450–23,500, while resistance remains near 23,850–23,900. Unless the index decisively crosses that zone, traders may continue to see volatile movement.
Personally, when markets behave like this, I avoid chasing momentum stocks and instead focus on setups with clear entry, stop loss, and short-term targets. That’s probably why these three sub-₹100 stocks are getting attention right now.
Buy Around: ₹91.41
Target: ₹99
Stop Loss: ₹87.50
NMDC has been on my watchlist for quite some time because of how consistently it reacts near support zones.
If you look at the recent chart structure, the stock has been trying to stabilize after a period of sideways movement. What I like here is that despite market weakness, the stock is not collapsing aggressively. That usually indicates buyers are still active underneath.
Another thing worth noting is that metal and mining stocks often become attractive when infrastructure and industrial themes gain momentum. Even when the broader market struggles, these sectors sometimes outperform quietly.
What makes NMDC interesting now?
- The stock is trading close to support levels
- Risk-reward setup looks favorable
- Volume activity has improved slightly
- ₹99 remains a realistic short-term technical target
I remember making a common mistake earlier with stocks like NMDC, entering too late after a breakout candle. In volatile markets, chasing green candles usually ends badly. Waiting near support zones often gives better entry opportunities.
For short-term traders, the stop loss around ₹87.50 becomes very important. If the stock breaks below that level with heavy selling, momentum could weaken quickly.
2. Bank of Maharashtra Could Stay on Traders’ Radar
Buy Around: ₹78.02
Target: ₹85.50
Stop Loss: ₹74.40
Among PSU banking stocks, Bank of Maharashtra has quietly built strong interest over the last few quarters.
I’ve noticed many retail traders ignore PSU banks because they appear “slow-moving” compared to flashy midcaps. But sometimes these stocks deliver cleaner technical moves with lower drama.
The banking index itself looked weak on Friday, with Bank Nifty falling over 400 points. But individual banking stocks with strong support structures can still offer trading opportunities.
Why this stock stands out
- The stock continues to hold above important support
- PSU banking sentiment remains relatively stable
- Momentum indicators are not overheated
- The target of ₹85.50 looks achievable if market sentiment improves
One practical lesson I learned while trading banking stocks is that timing matters more than excitement. Buying after a sharp rally usually traps retail investors. Entering during consolidation phases often works better.
That’s why stocks like Bank of Maharashtra become attractive during cautious markets. Traders are looking for controlled upside rather than explosive moves.
Still, the stop loss near ₹74.40 should not be ignored. Banking stocks can reverse quickly when sentiment turns negative.
3. Motherson Sumi Wiring India Showing Fresh Interest
Buy Around: ₹40.07
Target: ₹43
Stop Loss: ₹38.30
Motherson Sumi Wiring India may not be the first stock retail investors discuss every day, but auto ancillary stocks have been gaining steady attention recently.
The company operates in the automotive wiring segment, and demand trends in the automobile sector continue to support related businesses.
From a chart perspective, the stock appears to be attempting a recovery after recent consolidation.
What traders may like here
- Stock is available at a relatively low price point
- Risk appears controlled near current levels
- Auto sector sentiment remains stable
- Technical setup supports short-term upside potential
I’ve personally noticed that lower-priced stocks like this attract aggressive retail participation once momentum builds. But that also increases volatility.
A mistake many beginners make is buying because the stock “looks cheap.” A ₹40 stock is not automatically cheaper than a ₹400 stock. What matters is valuation, momentum, and business quality.
In this case, traders are focusing more on the chart structure and short-term momentum setup rather than just the price tag.
What Traders Should Keep in Mind on Monday
Even though these three stocks are getting bullish recommendations, Monday’s market direction will still depend heavily on broader sentiment.
A few factors traders should monitor closely:
1. Crude Oil Prices
Rising oil prices continue to worry investors because they impact inflation, transportation costs, and corporate profitability.
2. Rupee Weakness
The rupee hitting fresh lows against the US dollar is another concern. Imported goods become expensive, and foreign investor sentiment can weaken.
3. Global Market Signals
US market trends and geopolitical developments are still influencing Indian equities heavily. Overnight cues may affect Monday’s opening sentiment.
4. Support Levels in Nifty
If Nifty falls below the 23,450 zone decisively, short-term pressure may increase further.
Common Mistakes Retail Investors Should Avoid
After watching market behavior for years, I think most losses in short-term trading come from emotional decisions rather than bad stock selection.
Here are a few mistakes that traders should avoid with these types of recommendations:
Buying Without Stop Loss
This is probably the biggest mistake beginners make. Every stock recommendation comes with a stop loss for a reason.
Investing Entire Capital in One Trade
Even strong-looking setups can fail in weak markets.
Chasing Stocks After Gap-Up Openings
A stock opening 5% higher may look exciting, but risk-reward often becomes poor after sharp gaps.
Ignoring Overall Market Trend
Even fundamentally strong stocks struggle when broader sentiment turns negative.
Are Stocks Under ₹100 Worth Buying?
This is something many new investors ask regularly.
Honestly, price alone means very little.
Some ₹50 stocks are financially weak and highly risky, while some ₹2,000 stocks may actually offer better value. What matters is:
- Business quality
- Earnings visibility
- Sector momentum
- Technical setup
- Risk management
The attraction toward stocks under ₹100 mostly comes from psychological comfort. Retail investors feel they can buy “more quantity.” But quantity does not guarantee profits.
That said, short-term trading opportunities definitely exist in this segment when technical setups align properly.
Final Thoughts
Right now, the market looks cautious rather than completely bearish. Traders are still searching for opportunities, but confidence has become selective.
Among the stocks under ₹100, NMDC, Bank of Maharashtra, and Motherson Sumi Wiring India are attracting attention because their technical structures remain relatively stable despite recent market weakness.
Still, markets can change direction quickly.
Personally, I think disciplined entries, proper stop losses, and realistic expectations matter far more than chasing “multibagger” dreams during volatile phases.
Sometimes protecting capital is the smartest trade you can make.
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