Market Trading Guide: YES Bank and NBCC Highlighted as Top Picks for Monday with 10% Upside Potential Equity markets faced broad-based selling pressure on Friday as weak monsoon forecasts raised concerns about food inflation. The India Meteorological Department (IMD) projected rainfall at 90% of the long-period average (LPA), sparking worries about deficient monsoons and the potential impact on agricultural output. Analysts noted that the likelihood of an El Niño weather pattern further heightened inflation fears. However, downside risks were partially mitigated by falling crude oil prices and easing bond yields. Global markets also saw a rally driven by expectations of a potential diplomatic breakthrough between the U.S. and Iran, which bolstered investor sentiment. Investors are now closely watching domestic triggers, including the Reserve Bank of India (RBI) policy decision and GDP data releases. These developments are expected to provide critical insights into inflation trends and economic momentum. Analysts identified YES Bank and NBCC as stocks with strong short-term bullish momentum and upside potential, suggesting they could be strategic buys for Monday’s trading session. YES Bank was recommended as a buy, with a current market price (CMP) of Rs 23.22, a stop-loss level at Rs 22.5, and a target price of Rs 25. The stock showed a decisive breakout above the key resistance level at Rs 22.02, supported by increased trading volume. This breakout was confirmed by the stock trading above short- and long-term exponential moving averages (EMAs), which were aligning in a bullish pattern. The relative strength index (RSI) rose above 60, indicating accelerating upward momentum toward a descending trendline. NBCC (India) Limited was also flagged as a buy, with a CMP of Rs 100.#india_meteorological_department #reserve_bank_of_india #yes_bank #nbcc #virat_jagad
