Stocks to buy: Nagaraj Shetti recommends JM Financial, Canara Bank shares to buy

The banking sector is experiencing mixed signals with some stocks declining while others show rebound potential, amidst broader market volatility. Focus remains on individual stock fundamentals and analyst recommendations during these corrections.

Look for entry points in recommended banking stocks on current market weakness, with a bias towards long positions, while maintaining strict stop-losses.

For Indian markets, this story mainly matters for JMFINANCIL, CANBK, ICICIBANK and the Banking, Financial Services pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Recommended for purchase by an analyst. Recommended for purchase by an analyst. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Nifty 50 and Sensex declined on April 9 due to renewed Middle East tensions.
• •Nifty 50 fell 0.62% to 23,851.
• •Analyst Nagaraj Shetti recommends buying JM Financial and Canara Bank shares.
• •Analysts suggest a 'buy on dips' strategy as the near-term uptrend remains intact.
• •Risk flag: Geopolitical tensions (Middle East) could escalate, causing further market volatility.