Buy or sell stocks: Raja Venkatraman recommends three stocks to buy today — 14 February

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Subscribe to enjoy similar stories. In a highly unpredictable trading session, Nifty 50 and Sensex closed with slight declines, marking the seventh consecutive day of losses—the longest in three months. The indices began the day flat to slightly positive but gained momentum as investor sentiment brightened.

This improvement was driven by both global and domestic factors, such as a drop in retail inflation to a five-month low and a decrease in crude oil prices due to reports of progress on ending the Ukraine-Russia conflict. Also read: SAIL gets a reprieve from domestic demand in Q3 amid lower realization More than 230 stocks reached their lowest point in a year on the BSE. Despite a short-term positive trend, the market still faces challenges in overcoming immediate obstacles.

A strong move above 23,250 could indicate a near-term reversal, while immediate support is around 22,800. With the picture becoming increasingly complicated, it's wise to minimise participation and wait for clarity as the broader market remains under pressure. International signals are expected to influence trends, and their effect on the currency, as previously discussed, will play a role in this week's movements.

We've decided to look at things from a different angle to reassess our perspective. On higher timeframe charts, we see that USD-INR has surged past consolidation. A long candle pattern on the weekly charts indicates a bearish trend.