Market Trading Guide: Buy SBI and Bajaj Consumer on Monday for gains up to 6%

The banking sector, represented by SBI, is a key component of Nifty's performance, while FMCG (Bajaj Consumer Care) often provides defensive stability. Positive technicals in these stocks could signal broader market confidence.

For FMCG, monitor urban vs rural demand trends and margin outlook, as these directly influence stock performance like Bajaj Consumer Care. For banking, keep an eye on broader economic indicators and RBI policies.

For Indian markets, this story mainly matters for BAJAJCON and the Banking, FMCG 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 as a 'buy' with upside potential due to strong technical breakouts and trend strength. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Nifty extended gains, maintaining bullish momentum above key moving averages.
• •RSI signals are strengthening for Nifty.
• •Support for Nifty is near 23,800 and resistance around 24,300–24,350.
• •Analysts highlight SBI and Bajaj Consumer Care as buy ideas.
• •SBI and Bajaj Consumer Care show upside potential supported by strong technical breakouts and trend strength.