Buy or sell stock: Domestic stock exchange criteria, Stylish 50 and Sensex are closed today, Friday, November 15, due to Guru Nanak Jayanti alert, leading to a three-day trading disruption.

Both indexes hit multi-month lows on Thursday, extending their losing streak to six consecutive sessions. This decline was attributed to several headwinds, including weaker-than-expected second-quarter earnings, persistent foreign fund outflows, and rising inflation on both the retail and wholesale fronts. The Sensex index closed at 77,580.31 points, down 110.64 points or 0.14%, while the Nifty 50 index settled at 23,532.70 points, down 26.35 points or 0.11%.

On a weekly basis, indicators fell over 2.5 percent, continuing their losses for the second week in a row.

Geojit Financial Services Research Manager Vinod Nair emphasized that the domestic market is currently in a correction phase. Major indices Nifty 50 and Sensex have fallen by around 10% since their last peak. Market sentiment has been negatively impacted by lackluster earnings in the second quarter of 2025 and ongoing foreign investor sell-offs. Additionally, domestic CPI inflation While it rose to a 14-month high of 6.2%, a stronger dollar index and rising US 10-year Treasury yields indicate that volatility will continue in the near future.

Sumeet Bagadia’s shares will be purchased

M&M’s | Buy for cash ₹2,807.2 | Target price: ₹3,000 | Stop loss: ₹2,700

M&M shares are currently trading ₹2,807.2 shows some consolidation after the last bearish move. The stock is moving in a range and trying to find stability before making its next move.

The stock has strong support ₹2,795 (near the 100-day Exponential Moving Average or EMA) and resistance level ₹2888. In case the price rises above ₹2,888 could spark a new uptrend, pushing the stock higher ₹3,000 and above.

The stock has witnessed consistent trading volume, but it needs to break above the resistance level with stronger volume to confirm a sustainable uptrend. If the price remains approximately above the Volume Weighted Average Price (VWAP) ₹A recovery can be expected at 2,795 in the coming sessions.

M&M is showing signs of recovery in the short term, especially if it can break above this level. ₹2,888 level. Traders can also look for buying opportunities on dips while following Stop-Loss. ₹2,700 and target ₹3,000 levels for more action.

Jindal Steel | Buy for cash ₹877.4 | Target price: ₹950 | Stop loss: ₹950

JNDALSTEL stock chart shows some signs of improvement but overall it is still in a downward trend. Currently priced at approx. ₹877.4, recent rise from support levels ₹855 comes after a long period of decline and signals that things could improve if more buyers continue to support the stock.

JNDALSTEL is still trading below its major moving averages: 20-days EMA, 50-days EMA and 100-days EMA. Being below these levels usually indicates a bearish trend, but if the stock closes above them it could indicate the beginning of a reversal. A close above the 20-day EMA would be a positive sign, and a breach of the 50-day EMA would further strengthen this. However, if it remains below these points, the rise of the stock may become difficult.

Recent low level ₹855 is acting as a support level where some buyers have stepped in. If JNDALSTEL falls below this support, it may continue its downtrend. However, it may move upwards if it breaks above the resistance at the 20-day and 50-day EMAs. ₹920, which would be a sign of a stronger recovery.

A suggested stop loss (SL) can be placed at: ₹845 to limit downside risk while the target is set as ₹950 is aligned with the resistance level near the 50-day EMA.

Indian Hotels | Buy for cash ₹741.35 | Target price: ₹799 | Stop loss: ₹715

INDHOTEL Limited is currently trading at: ₹741.35 levels show significant uptrend from surrounding support levels ₹700 is very close to the 20-Day Exponential Moving Average (EMA). The stock’s positive momentum is also confirmed by its position above the short-term (20 Days), medium-term (50 Days) and long-term (200 Days) EMA levels, strengthening its technical resilience.

A significant breakthrough in resistance ₹Supported by strong volumes, 750 underscores the stock’s strength, which also marks a new all-time high. Overcoming this critical resistance may pave the way for an increase towards the target. ₹799 in the short term. Traders and investors who entered at lower levels are advised to protect their positions by monitoring nearby stop losses. ₹715 aims at target ₹799 and beyond.

The momentum indicator Relative Strength Index (RSI) is currently at 63.67, indicating positive momentum for the stock. For those considering making a new investment, purchasing at the current market price (CMP) is a suitable option. ₹799 with a tight stop loss setting ₹715 levels to effectively manage risk.

Disclaimer: The above opinions and recommendations are those of individual analysts, experts and brokers and not Mint. We advise investors to consult certified experts before making any investment decisions.