As Indian equity markets navigate a cautious phase, expert stock recommendations can provide crucial direction for traders and investors. Market analyst Raja Venkatraman, Co-founder of NeoTrader, has identified three specific stocks for trading on 29 December 2025. His picks include two buy recommendations and one sell call, complete with entry levels, stop losses, and price targets.
Market Context: Indices Extend Losses Amid Broad-Based Weakness
The recommendations come against a backdrop of continued pressure on Indian benchmarks. On 26 December 2025, key indices extended their losing streak for the third consecutive session. The Sensex fell 367 points to close at 85,041, while the Nifty declined by 99.8 points to settle at 26,042.
The sell-off was broad-based, with the BSE Midcap index dropping 0.2% and the Smallcap index falling 0.3%. Market breadth remained negative, with over 2,600 stocks declining. Sectorally, IT and auto stocks led the losses, while banking shares also remained under pressure. Despite the weak session, the Nifty managed a modest weekly gain of 0.3%, ending a three-week losing streak.
Raja Venkatraman's Top Three Trading Picks for 29 December
Venkatraman has provided clear technical levels for each stock, specifying trade type, entry, stop loss, and target.
1. NMDC Ltd: A Buy for Multiday Holding
Venkatraman recommends buying NMDC shares above ₹83. Investors should place a stop loss at ₹80 and aim for a target price of ₹89. This is envisioned as a multiday trade.
The analyst notes that NMDC, India's largest iron ore producer, has dipped into the lower end of its Ichimoku Kumo cloud after sharp declines and is now consolidating. A sustained revival in the metals sector, coupled with robust volume activity, has prompted a recovery in the stock. The strong push to the upside supports a long position.
Key metrics for NMDC include a P/E ratio of 1,152.78 and a 52-week high of ₹273.20. Technical analysis indicates support at ₹77 and resistance at ₹93. Risks involve macroeconomic cycles, intense competition, significant debt, and commodity price volatility.
2. Oberoi Realty Ltd: An Intraday Buy Opportunity
For real estate major Oberoi Realty, the call is to buy above ₹1,690 for an intraday trade. The suggested stop loss is ₹1,660, with a target of ₹1,740.
After a volatile week, the stock's price has gradually moved higher. Venkatraman observes that support from the Tenkan-sen and Kijun-sen lines of the Ichimoku system is creating demand on every decline, potentially leading to a sustained upward move. The steady buildup in momentum could push the stock to higher levels.
Oberoi Realty trades at a P/E of 34.61, with its 52-week high at ₹2,342.95. The stock finds technical support at ₹1,640 and faces resistance near ₹1,800. Key risks include an economic slowdown, project execution delays, and earnings volatility.
3. LTIMindtree Ltd: An Intraday Sell Recommendation
In contrast, Venkatraman advises a sell trade on IT stock LTIMindtree below ₹6,020. The trade should have a stop loss at ₹6,110 and a downside target of ₹5,850 for intraday.
The rationale is based on a strong, long-bodied bearish candle formed on Friday, following a period of consolidation at the cloud region. This price action, combined with the Relative Strength Index (RSI) breaching the neutral zone, suggests the possibility of further downside.
LTIMindtree has a P/E ratio of 37.24. The technical analysis provided lists support at ₹900 and resistance at ₹1,060, though these figures appear inconsistent with the current market price and should be verified. Risks for the company involve intense market competition and sensitivity to macroeconomic factors.
Expert's Market Outlook: Bulls Struggle at Higher Levels
Venkatraman's stock-specific views are framed within a broader market outlook where revival remains challenging. He notes that higher index levels continue to attract supply, keeping upward movement locked. A sustainable move higher is dependent on domestic triggers that are not currently visible.
The analyst describes the December series as demanding, with large-scale volatility leaving traders and investors bruised. While pockets of bullishness emerge, markets have been choppy, lacking complete clarity. The sentiment, he believes, will need time to recover.
The trading session on the previous Friday was particularly concerning, with prices testing support zones. Although Monday saw the Nifty trade above 26,200 briefly, the break below the 26,000 level subsequently hurt sentiment. Venkatraman points out a market irony: sharp falls induce fear of further decline, but rallies are often met with premature calls for a market top.
He concludes by noting that an improvement in the Bank Nifty, which has been a laggard, could support the broader market. A decisive move by the Nifty past the 26,300 level would provide a significant boost to overall market sentiment.
Disclaimer: Investments in securities are subject to market risks. The views and recommendations are those of the individual analyst. Readers are advised to consult certified experts before making any investment decisions. Raja Venkatraman is a SEBI-registered research analyst (INH000016223).
