Stocks To Buy Today, Dec 10: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Wednesday

On December 9, Indian equities ended the day down, with the Nifty falling below the 25,900 mark ahead of the US Federal Reserve's policy announcement on Wednesday. As FII outflows persisted, the Sensex sank 436.41 points (0.51%) to 84,666.28 at the closing bell, while the Nifty fell 120.90 points (0.47%) to 25,839.65. The rupee also weakened, and sentiment further turned negative as the US hinted at possible tariff action on India's rice exports.

Nifty Outlook Today

"Despite the hourly breakdown, the Nifty continues to find dependable support near its 50-DMA. The broader structure remains weak, marked by a persistent lower-high formation, with every recovery attempt toward 26,000-26,100 facing sustained selling pressure. The 25,700 zone remains the key demand pocket and a decisive inflection point for the index," said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"The shift in call writers' positions to higher strikes, along with selective put writing near ATM levels, further validates the prevailing range-bound bias. A sustained move above 26,000 could rekindle bullish momentum and open the path toward 26,350. Conversely, a decisive break-down below 25,700 would dent the broader uptrend and may intensify selling pressure, pulling the index toward the 25,500 region," he further added.

Bank Nifty Outlook Today

"Nifty Bank remains locked in a phase of consolidation, with price action reflecting hesitation on both sides. The formation of a lower high near 59,800 clearly defines the immediate upside cap, while the 58,900-59,000 zone continues to serve as a strong demand pocket, shaping the current trading framework. The shift in call writers' positioning to higher strikes, along with selective put additions at at-the-money levels, further supports the prevailing range-bound view," commented Dhupesh Dhameja.

"A sustained breakout above 59,700 could revive bullish momentum and open the door for a move toward 60,100. On the flip side, a failure to hold above 58,900 may undermine the broader upward structure and could accelerate a decline toward the 58,500 region," the analyst further added.

Stocks To Buy Today

Before the US Fed's interest rate announcement on Wednesday, December 10, technical analyst Riyank Arora of Mehta Equities Ltd. recommended buying two stocks.

TTML

Buy | CMP: Rs 53.77 | SL: Rs 50 | Target: Rs 57 / Rs 60

TTML is gaining traction with improving volume and a clean reversal from the ₹50 support area. The price is trading above short-term averages, indicating trend revival. RSI is turning upward, suggesting continued momentum. A push above ₹54.50 may open a move toward ₹57 and ₹60. SL at ₹50.

Triveni Engineering

Buy | CMP: Rs 365.05 | SL: Rs 352 | Target: Rs 378 / Rs 392

Triveni is showing a strong recovery structure after bouncing from key support at ₹352. The stock has reclaimed its short-term moving averages and is building bullish momentum. RSI is rising steadily, supporting further upside. A move above ₹368 can drive the stock toward ₹378 and ₹392. SL at ₹352.

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