The market is showing cautious sentiment today with Indian indices extending losses for a fifth session and global tech stocks under pressure amid AI bubble concerns. Tesla is notably weak, down over 3%, while Microsoft and Apple are flat, and Nvidia is sliding modestly. Angel One in India has confirmed a bearish head-and-shoulders breakdown, signaling further downside. In my view, this week offers tactical opportunities: Tesla’s sharp decline could attract short-term traders looking for a rebound play, while Microsoft remains a defensive hold given its resilience. Nvidia’s dip highlights profit-taking in AI names, but its long-term story remains intact. For near-term trading, I would watch Tesla for volatility-driven entries and Angel One for short setups, while keeping Microsoft as a stabilizer in portfolios.
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