Stocks To Buy Today: Intraday BUY/SELL Calls By Sumeet Bagadia On Monday, 3rd March

The previous two months saw a rapid and severe drop in the Nifty index, which culminated in a negative wrap-up for February and prolonged its downward run. The fact that this is the sixth straight month of losses confirms the obvious downward trend. The Nifty saw its worst drop of 2025, plunging 1.86% to close at 22,124.70 on Friday. The index fell 5.89% in February, continuing its losing run to five months in a row and indicating continued bearish momentum. With a 2.51% drop in February, Nifty Bank's losing streak now stands at three straight months as it finished at 48,344.70, down 0.82%. A moderate increase in risk sentiment was shown by the India VIX's 4.53% climb to 13.91.

Nifty Outlook Today

"Nifty remains under sustained selling pressure, showing minimal signs of a strong rebound as it faces stiff resistance at every upward attempt. The 22,300-22,500 range has now emerged as a formidable supply zone, while RSI hovering below 30 signals the absence of upward momentum and a continued oversold condition. With the index trading well below its short-term moving averages, a potential mean reversion toward these levels could unfold, if Nifty manages to hold above its key support. The 22,000 level remains the last line of defence for bulls, offering a potential setup for a minor pullback. However, unless Nifty decisively reclaims 22,500, any bounce is likely to be short-lived due to persistent call writing and technical hurdles. Given the current market structure and ongoing uncertainties, a 'Sell on Rise' strategy remains the most prudent approach. Immediate resistance stands at 22,500, while critical support rests at 22,000. A break below this level could trigger a deeper correction toward the next major support at 21,500," commented Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"Nifty Bank continues to face unrelenting selling pressure, struggling to find meaningful upward traction while encountering strong resistance at every rebound attempt. The 48,700-48,900 range has now become a significant supply zone, while the RSI lingering below 40 signals weak buying momentum and reinforced bearish sentiment. The index is trading well below its short-term moving averages, suggesting that a potential mean reversion toward these levels could occur only if it manages to sustain above key support levels. The 48,000 mark remains the final line of defence for bulls seeking a temporary relief rally. However, unless Nifty Bank decisively reclaims 49,000, any short-term bounce is likely to be short-lived, given the persistent call writing pressure and prevailing technical hurdles. Considering the current market setup and prevailing uncertainties, a 'Sell on Rise' strategy appears to be the most prudent approach. Immediate resistance stands at 48,700, while key support lies at 48,000. A break below this level could trigger a deeper correction, pushing the index toward the next major support zone," stated Dhupesh Dhameja.

Stocks To Buy Today

On Monday, March 3, Choice Broking's executive director, Sumeet Bagadia, advised purchasing two stocks after the negative trend was further solidified given that the Nifty index fell below its 20-month exponential moving average (20MEMA).

ITD Cementation India

Buy ITDCEM in cash @ Rs 536.5, Stop-loss: 515, Target: 575

ITD Cementation has shown signs of resilience in the recent trading sessions, consolidating around key moving averages. The stock is currently trading at ₹536.50, with a modest gain of 0.79% for the session. The chart indicates a steady upward movement after a period of correction, with the stock finding support around the ₹518-₹523 zone.

The presence of the 100-day EMA at ₹520 suggests a near-term support zone, while resistance can be seen around ₹550. The stock had recently witnessed a phase of consolidation, followed by a breakout attempt. Volume activity remains moderate, indicating that further confirmation of strength is needed for a sustained uptrend. The recent bullish momentum suggests that if ITDCEM manages to stay above the ₹540-₹550 range, it could witness further upside, potentially testing the ₹575 mark. However, if selling pressure intensifies, the stock may retest its support levels. The Bollinger Bands suggest that volatility is gradually expanding, which could lead to a decisive move in the coming sessions.

The Relative Strength Index (RSI), a momentum indicator, is hovering around 56.89 levels. This RSI reading suggests that the stock possesses considerable strength and also It signifies a healthy and sustainable uptrend.

Based on the above analysis we recommend buying ITDCEM at CMP of 536.5 with a SL of 515 for the target of 575.

Voltas

Buy VOLTAS in Cash @ 1320.1, Stop-loss @ 1275, Target @ 1414

VOLTAS stock is showing early signs of recovery after a prolonged downtrend, currently trading around ₹1320.1. The recent bounce from the ₹1240 support level suggests some buying interest, but the overall trend remains weak unless it sustains above key resistance levels.

VOLTAS is still trading below its major moving averages-the 20-day, 50-day, and 100-day EMAs-indicating that bearish momentum is intact. A close above the 20-day EMA (₹1330) would be an early sign of strength, while a move beyond would further confirm a potential trend reversal. However, failure to reclaim these levels may result in continued downside pressure.

The recent low around ₹1240 is acting as an important support zone, where buyers have stepped in to prevent further decline. If VOLTAS falls below this support, it could resume its bearish trend. On the upside, a breakout above the 20-day and 50-day EMAs could push the stock towards the ₹1,400-₹1,414 range, signalling a stronger recovery.

To manage risk, a stop-loss at ₹1,275 is recommended, while the next upside target is set at ₹1,414. Investors should closely monitor price action and volume to confirm any potential trend reversal.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.