Top stocks to buy today: Stock recommendations for May 29, 2025
Top stocks to buy today (AI image)
Top stock market recommendations:
According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today.
Here's his view on Nifty, Bank Nifty and the top stock picks for May 29, 2025:
Index View: Nifty
For the past 9 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. Unless a closing above 25050 is not confirmed, the downside swing towards 24300 / 24100 remains open on the index. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction.
With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100.
Bank Nifty
Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1200-1500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55600.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch CFD với công nghệ và tốc độ tốt hơn
IC Markets
Đăng ký
Undo
CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777
After a bullish head and shoulder breakout on daily and weekly charts earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 7-9% is likely to be unfolded post this monthly derivative expiry.
LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525
After trading at a 3 year low in April, LTIMindtree has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 13% while LTIM is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525.
ZYDUSLIFE (BUY):
LCP: 925.60Stop Loss: 888Target: 980
Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
38 minutes ago
- Time of India
OpenAI argues to keep countersuit against Musk in trial over for-profit shift
HighlightsOpenAI argues that its countersuit against billionaire Elon Musk should proceed, claiming Musk's motion to dismiss lacks factual basis. OpenAI accuses Elon Musk of fraudulent business practices linked to a $97.4 billion takeover bid that it describes as a 'sham bid' intended to generate media attention. Elon Musk, who co-founded OpenAI in 2015, has sued the organization over its shift to a for-profit model, alleging it has deviated from its original mission to benefit humanity. OpenAI said it should be allowed to keep its countersuit against billionaire Elon Musk, saying the Tesla CEO's motion to dismiss the ChatGPT maker's claims has "no grounding in facts". In a court filing late on Wednesday, OpenAI said its countersuit - which accuses Musk of engaging in fraudulent business practices under California law - should be included in the expedited trial, rather than put on hold. OpenAI has argued that a $97.4 billion takeover bid for the company earlier this year from a Musk-led consortium was a "sham bid" aimed at drumming up media frenzy. OpenAI alleged the bid was leaked to the media before the proposal reached OpenAI's board. Last year, Musk, who co-founded OpenAI in 2015 but left before the firm became an AI juggernaut, sued OpenAI and its CEO Sam Altman over the company's transition to a for-profit model. He accused OpenAI of straying from its founding mission - to develop AI for the good of humanity, not corporate profit. OpenAI in April countersued Musk, citing a pattern of harassment by Musk and asking a federal judge to stop Musk from any "further unlawful and unfair action" against OpenAI. Musk had asked a federal judge to dismiss or delay OpenAI's counterclaims until a later stage in the case. While OpenAI earlier this month dialed back its plan to remove control by its non-profit arm, Musk's lawyer said the billionaire CEO would still proceed with his lawsuit.
Business Standard
44 minutes ago
- Business Standard
Quick Wrap: Nifty PSU Bank Index gains 2.88%
Nifty PSU Bank index ended up 2.88% at 6976 today. The index has gained 7.00% over last one month. Among the constituents, Bank of Maharashtra rose 5.86%, UCO Bank added 5.66% and Indian Overseas Bank jumped 5.48%. The Nifty PSU Bank index has fallen 4.00% over last one year compared to the 10.06% increase in benchmark Nifty 50 index. In other indices, Nifty Metal index has dropped 1.69% and Nifty IT index has dropped 1.15% on the day. In broad markets, the Nifty 50 has slid 0.33% to close at 24750.7 while the SENSEX has slid 0.22% to close at 81451.01 today.
Time of India
an hour ago
- Time of India
Nvidia CEO Jensen Huang finally nails it, warns that every job will be affected by AI — and soon
'Every job will be affected, and immediately. It is unquestionable,' said Huang. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Is AI replacing workers or helping them get back to work? Live Events Are tech leaders divided over AI and job loss? 'Cancer is cured, the economy grows at 10% a year, the budget is balanced—and 20% of people don't have jobs,' Amodei told Axios. What kind of jobs are being hit first by AI? Are any leaders pushing back on AI doomsday predictions? 'Someone needs to remind the CEO that at one point there were more than 2 million secretaries,' Cuban said. 'There were also separate employees to do in-office dictation.' So what should workers do to stay ahead of AI? Is AI a threat or a tool? 'Don't be that person who ignores this technology.' FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The conversation around AI and jobs just got real. Nvidia CEO Jensen Huang didn't sugarcoat things at this year's Milken Institute Global Conference. He says AI is reshaping the job market immediately, not in the distant future—and if you're not using it, you could be left the 62-year-old billionaire at the helm of Nvidia, says we shouldn't just fear AI—we should learn how to use it. According to him, AI could bring 30 to 40 million people back into the workforce, helping to close the talent gap that's been growing argues that AI tools like generative models will boost productivity, fuel global GDP, and open up new roles across industries. In his words, 'I would recommend 100% of everybody take advantage of AI. Don't be that person who ignores this technology and as a result, loses your job.'The bottom line? It's not AI that replaces you—it's a person using AI smarter and faster than and the divide is growing. While Nvidia's Jensen Huang sees opportunity, others aren't so optimistic. Dario Amodei, CEO of AI startup Anthropic, gave a starkly different view this warned that up to 50% of all entry-level white-collar jobs could vanish in the next five years. That could push unemployment to new highs—even if the economy added that not enough people are aware of how fast these changes are coming. And this warning didn't come out of nowhere—Anthropic just released some of the most powerful AI models to date, including what they call 'the world's best coding model.'While AI is reshaping all industries, some are feeling the pressure faster than others. Software engineering is one of them. Many developers are already seeing automated coding tools replace tasks they used to handle interviewed a former software engineer who's applied to 800 jobs without landing a new role. He called it an 'existential crisis' for the tech field—a space once known for job tools can now generate complex code, analyze bugs, and build entire applications. For companies, it means faster development with fewer people. But for workers, it's a major some voices in tech are offering a more balanced view. Billionaire Mark Cuban took to Bluesky to remind everyone that new tech always changes the job compared the current AI wave to past disruptions. Cuban believes AI will create new industries and new roles, just like past innovations did.'New companies with new jobs will come from AI and increase total employment,' he message from leaders like Huang is clear: learn AI, use AI, or risk being left behind. While some jobs may disappear, many others will evolve. Workers who can adapt—especially by mastering AI tools—will be the ones in isn't just about tech jobs. From marketing to finance, healthcare to education, AI is already impacting workflows. Upskilling is the key. Online platforms now offer courses in prompt engineering, data analysis, AI-assisted design, and 40 million jobs are coming back because of AI—as Huang believes—being ready could mean the difference between opportunity and no denying that AI is changing the job market. But how you respond to that change matters more than ever. Whether you're in tech, sales, creative work, or admin support—AI is now part of the work Huang's advice might just be the most practical takeaway from this entire debate:Because the future of work? It's already here. And AI is a big part of it.A1: Yes, Jensen Huang says every job will be affected immediately, but workers who use AI will stay employed.A2: Nvidia's CEO believes AI can create millions of jobs by improving productivity, while some others warn about job losses.
