Stock Recommendations for September 7, 2026: 3 Stocks to Watch for Short-Term Gains

Summary

Anand Rathi’s technical research analyst Ganesh Dongre recommended three stocks for traders on September 7, 2026: NBCC, Multi Commodity Exchange of India (MCX), and Tata Steel. The calls came against a cautious market backdrop, with elevated crude prices and geopolitical tensions keeping volatility high.

The recommendations were:

• NBCC: Buy at ₹87 | Target ₹95 | Stop-loss ₹83
• MCX: Buy at ₹3,275 | Target ₹3,450 | Stop-loss ₹3,220
• Tata Steel: Buy at ₹188 | Target ₹198 | Stop-loss ₹182

These are short-term technical trading ideas, not guaranteed returns. Investors should consider market conditions and their own risk tolerance before taking any position.

Description

• NBCC: The recommended entry was ₹87, with a target of ₹95 and a stop-loss at ₹83. NBCC closed around ₹85.84 on September 7, below the suggested entry level.
• MCX: The recommended buy level was ₹3,275, with a target of ₹3,450 and a stop-loss of ₹3,220. The setup offers a relatively attractive potential reward compared with the stated downside.
• Tata Steel: The recommendation called for buying at ₹188, targeting ₹198, with a stop-loss at ₹182. Tata Steel closed at ₹185.50 on September 7, down 1.85% for the session.
• Market environment: The Nifty 50 fell to 23,779.15 on September 7, its lowest level in six weeks, while Brent crude remained elevated around $96.8 a barrel.
• Dongre said traders should favour a buy-on-dips approach with disciplined risk management, while monitoring crude prices, US-Iran tensions, bond yields and inflation data.

Key Highlights

• 3 stocks recommended: NBCC, MCX and Tata Steel.
• NBCC target: ₹95 against a ₹87 recommended entry.
• MCX target: ₹3,450 against a ₹3,275 entry.
• Tata Steel target: ₹198 against a ₹188 entry.
• Risk management: Stop-loss levels are ₹83, ₹3,220 and ₹182, respectively.
• Market caution: Rising crude prices and geopolitical uncertainty could increase volatility.
• Trading approach: The recommendations are better viewed as short-term technical setups rather than long-term investment calls.
• Important: Actual market prices may differ from the analyst's original entry levels, so investors should reassess the setup before entering a trade.