Mumbai, February 4, 2026
The Indian stock market is seeing strong early-morning activity on February 4, 2026, following Tuesday’s historic 2,000+ point rally in the Sensex triggered by optimism around the India–US trade agreement.
However, market experts advise cautious intraday trading today, as profit booking is likely at higher levels and volatility may remain elevated.
Below are the top intraday stock picks, key index levels, and trading strategies for today’s session.
Top Stock Picks for Today
Adani Enterprises
Adani Enterprises continues to see follow-through buying after yesterday’s sharp rally. If the stock breaks above its previous session high, momentum traders may see further upside in the near term. Volume trends remain supportive.
Ather Energy (Pre-IPO Grey Market Buzz)
After a strong 11% surge, Ather Energy continues to attract heavy volumes. While this remains a high-risk, sentiment-driven play, traders are advised to keep it on their watchlist for momentum-based opportunities.
Banking Stocks: HDFC Bank & State Bank of India
Positive cues from the Union Budget and the India–US trade deal are supporting the banking sector. Experts suggest a “Buy on Dips” strategy for frontline banking stocks, provided broader market sentiment remains stable.
IT Stocks: Infosys / Tata Consultancy Services
Due to overnight volatility in US markets, Indian IT stocks may remain under pressure. Short-selling opportunities could emerge if key support levels break, but strict stop-loss discipline is essential.
Key Market Levels to Watch
Nifty 50
Strong Support: 25,600
Key Resistance: 25,850
If Nifty sustains above 25,850, markets could attempt a fresh lifetime high. A slip below support may invite intraday correction.
Bank Nifty
Psychological Level: 60,000
A sustained move above this level could trigger an additional 400–500 point rally in the banking index. Traders are advised to monitor option chain data on the National Stock Exchange of India (NSE) for confirmation.
Intraday Trading Tips for Today
Profit Booking Risk: After a sharp rally, selling pressure may emerge at higher levels. Avoid chasing stocks at the top.
Strict Stop-Loss: Volatility is expected to remain high—never trade without a predefined stop-loss.
Sector Watch: Keep an eye on Solar Energy and Defence stocks, as rising volumes driven by government policy support are attracting trader interest.
⚠️ Risk Disclaimer
Intraday trading involves high risk and may not be suitable for all investors. Traders are advised to consult their financial advisor before taking positions and trade strictly according to their risk appetite.
