
Stocks to buy: Raja Venkatraman recommends three stocks for 12 March
Market trends remain weak and the indices face intense volatility. Investors are carefully monitoring both domestic and international developments to determine the market's next direction.Buy above ₹932, stop ₹890, target ₹1025 (Multiday)Sell below ₹1275, stop ₹1315, target ₹1205 (Multiday)Sell below ₹1555, stop ₹1610, target ₹1465 (Multiday)Why it’s recommended: Cholamandalam Investment and Finance Company Limited is currently facing a technical breakdown. Despite a significant rally earlier in the year, the stock has hit a ceiling at higher levels, triggering persistent selling pressure.
At this stage, the stock has breached critical support levels on high volume. With momentum fading and bearish pressure mounting, the outlook suggests a further decline. Given the broader weakness in the Indian banking and financial services (BFSI) sector, this stock is a candidate for a multi-day short-selling play.Indian equity markets closed sharply lower on March 11, 2026, with the Nifty slipping below the 23,900 mark amid broad-based selling pressure.
The Sensex tumbled 1,342 points or 1.72% to settle at 76,863.71, while the Nifty shed 394 points or 1.63% to close at 23,866.85.Weakness was pronounced in auto, banking, and financial stocks, with Bajaj Finance, Axis Bank, Bajaj Finserv, Eicher Motors, and Mahindra & Mahindra leading the declines, each dropping between 3–4%. In contrast, select defensives such as NTPC, Jio Financial, Coal India, Sun Pharma, and Dr. Reddy’s Labs managed modest gains.
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