Monday’s Stock Market Strategy: Top 8 Buy or Sell Picks Featuring Bitcoin (BTC) and Ethereum (ETH)

<ul>
  <li>Stock market today: After making fresh highs in early morning trade, the stock market settled flat on Friday last week.</li>
  <li>The Nifty 50 index settled at 22,957 after climbing to a new peak of 23,026. The BSE Sensex went off 7 points and ended at 75,410, while the Bank Nifty index finished 203 points higher at 48,971.</li>
  <li>"The overall trend continues to be positive as there are no signs of reversal yet," said Ruchit Jain, Lead Research, 5paisa.com.</li>
</ul>
<p><strong>Stay updated with the latest stock market trends and expert recommendations to make informed trading decisions.</strong></p>
<h2><strong>Trade Setup for Monday</strong></h2>
<p>On the outlook for Nifty today, Ruchit Jain, Lead Research, 5paisa.com, a trusted expert in the field, said, "The overall trend continues to be positive as there are no signs of reversal yet. The higher end of the channel and the retracement levels indicate an initial hurdle in the range of 23,050 to 23,150 in the coming week, and once this is crossed, we could see a continuation of the rally towards the 23,400 to 23,500 zone. On the flip side, the immediate support for Nifty today is around 22,700, followed by 22,500."</p>
<h3><strong>Bank Nifty Outlook</strong></h3>
<p>On the outlook for the Bank Nifty today, Neeraj Sharma, AVP Technical and Derivatives Research at Asit C. Mehta, said, "The Bank Nifty index opened on a negative note, but after an initial dip, the index witnessed buying interest, which helped it to settle the day on a positive note at 48,972 levels. Technically, Bank Nifty broke the short-term resistance of 48,260 levels and closed above it, indicating strength. If the index holds above 48,000 levels, we expect it to test levels of 49,500. Thus, a buy-on-dips approach should be adopted in Bank Nifty."</p>
<h3><strong>Market Outlook</strong></h3>
<p>On the outlook for the Indian market today, Ruchit Jain of 5paisa.com said, "Traders are advised to continue to trade with a positive bias and look for buying opportunities on any declines. INDIA VIX remains high due to the event (elections results) ahead, but it should start cooling off if the actual event outcome does not deviate much from the expectations."</p>
<p>"Overall, we expect the market to witness a gradual up-move and see some volatility next week as both election and earning season are nearing the end," said Siddhartha Khemka, Head of Retail Research at Motilal Oswal.</p>
<h3><strong>Conclusion</strong></h3>
<p>In conclusion, the stock market remains in a stable and confident environment for traders and investors. With positive trends and expert recommendations, traders are advised to maintain a positive bias and look for buying opportunities on any declines. The upcoming week may see some volatility due to the nearing end of the election and earning season, but the overall outlook remains optimistic.</p>