Stocks to buy or sell: Raja Venkatraman recommends three stocks to buy today—21 February

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Subscribe to enjoy similar stories. The Indian stock market experienced a challenging start on Thursday, with most indices opening lower amid concerns about potential US tariffs. Despite this, the metals index managed to stay in positive territory.

So far in 2025, India's benchmark indices have dropped over 3% and are nearly 13% below their record highs from late September. The broader mid-cap and small-cap indices have seen even steeper declines, falling 17% and 21%, respectively, from their peak levels. In corporate news, Waaree Energies saw its shares jump nearly 3% after securing a significant 362.5 MWp solar module order.

Meanwhile, Cyient's shares rallied 4% following the appointment of a new CEO for its DET Business. BSE shares also rose nearly 2% after Goldman Sachs acquired shares worth ₹401 crore. On the global front, Trump's tariff worries kept gold near record-high levels, while Asian stocks dropped after the Fed minutes showed caution .

The market did its best over the last three days but has not managed to survive critical support. However, the trends have arrested any kind of selling pressure that emerged, thus indicating that the overall markets continue to remain positive. A long body candle on Wednesday highlights the sharp movement that we witnessed in Nifty, clearly aimed to erase the nervousness that had been holding back the revival.

Aftersome volatile movements, the Nifty managed to give a better closing. Important support to watch out for is a range that is getting built based on the option data between 22900 and 23000, hinting at some strong put writing emerging. Based on put-call-ratio data, the negative bias is not ruled out yet, and the short-covering action that may follow based on global