Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; 8 stocks to buy or sell on Tuesday
Nifty regained its 100-DMA, which aligns with the psychological mark of 24,500, now acting as the immediate support, with the next cushion at 24,340. The price structure indicates scope for a further pullback towards 24,750. said Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research), Centrum Broking Ltd
The Bank Nifty would have the tough resistance zone near the 56000 level, while on the downside, the 54900 zone shall be positioned as the crucial support level that needs to be sustained, as per Vaishali Parekh, Vice President of Technical Research, PL Capital.
AMC stocks are likely to be in focus as the net inflow into equity mutual funds surged 81% to ₹ 42,672 crore in July as per the latest AMFI data. Stock/sector-specific action would continue as the earnings season enters its final leg. Overall, we expect the market to stay firm while tracking developments on US tariffs and outcome of the US-Russia talks scheduled for this week, said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: HealthCare Global Enterprises Ltd., Craftsman Automation Ltd., Max Healthcare Institute Ltd, SBI Cards and Payment Services Ltd., Jubilant FoodWorks Ltd., Syrma SGS Technology Ltd., Swiggy Ltd., and LT Foods Ltd HealthCare Global Enterprises Ltd—Bagadia recommends buying HCG at around ₹ 651.555, keeping stop los at ₹ 630 for a target price of ₹ 700
HCG is trading at 651.55 and is showing a strong bullish breakout from a consolidation range that lasted for several weeks. The price has surged with a wide-bodied bullish candle, accompanied by a noticeable rise in volumes, indicating fresh buying interest. The breakout confirms a continuation of the upward momentum but now it has approached its all-time high of 663.8, and a breakout above this significant level could trigger renewed buying interest and further upside potential
2. Craftsman Automation Ltd-Bagadia recommends buying CRAFTSMAN iat around ₹ 6859, keeping Stoploss at ₹ 6615 for a target price of ₹ 7300
CRAFTSMAN is trading at 6859 and has shown sustained bullish momentum over the past few months. The stock has been forming a series of higher highs and higher lows, indicating consistent buying interest. Price action suggests the formation of a rounding bottom pattern, reflecting a gradual shift from accumulation to an aggressive upward push.
3. Max Healthcare Institute Ltd-Dongre recommends buying MAXHEALTH at around ₹ 1263, keeping stop loss at ₹ 1243 for a target price of ₹ 1293
Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 1263 and has established a solid support base at ₹ 1243. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 1293 level in the near term.
4. SBI Cards and Payment Services Ltd-Dongre recommends buying SBICARD at around ₹ 796, keeping stop loss at ₹ 785 for a target price of ₹ 815
Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 796 and maintaining strong support at ₹ 785. The technical setup indicates the potential for a price retracement towards the ₹ 815 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 785 offers a prudent approach to capturing the anticipated upside.
5. Jubilant FoodWorks Ltd—Dongre recommends buying JUBLFOOD at around ₹ 629, keeping Stoploss at ₹ 615 for a target price of ₹ 665
Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 629 and maintaining strong support at ₹ 615. The technical setup indicates the potential for a price retracement towards the ₹ 665 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 615 offers a prudent approach to capturing the anticipated upside.
6. Syrma SGS Technology Ltd-Koothupalakkal recommends buying SYRMA SGS TECH at around ₹ 718. with a target price of ₹ 755, keeping Stop loss: ₹ 700
The stock has recently indicated a strong run up and after a short period of correction, it has once again indicated a positive move with bullish candle formation taking support at 685 level strengthening the bias and can expect for further rise in the coming sessions. The RSI has corrected well from the overbought zone and indicated a positive trend reversal with much potential visible to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock.
7. Swiggy Ltd-Koothupalakkal recommends buying SWIGGY at around ₹ 400 for a target price of ₹ 424, keeping Stop loss at ₹ 388
The stock has witnessed strong support near the significant 50EMA at ₹ 384 zone and witnessed a decent pullback with a positive candle formation to improve the bias, and we expect a further upward move in the coming sessions. The RSI is currently well placed and indicated a buy signal with decent volume participation visible to anticipate further rise, and with the chart technically looking good, we suggest buying the stock.
8. LT Foods Ltd-Koothupalakkal recommends buying LT FOODS at around ₹ 467 for a target price of ₹ 490, keeping the stop loss at ₹ 456
The stock, after witnessing a decent erosion, has picked up significantly with a bullish candle formation on the daily chart, taking support near the ₹ 440 level and moving past the 50EMA at ₹ 465 level to improve the bias, and we can expect further gains in the coming sessions. The RSI is well positioned, indicating a buy signal, and has much upside potential to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock .
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
15 minutes ago
- Economic Times
IndiQube Q1 profit surges 303%, revenue hits Rs 313 crore
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Economic Times
15 minutes ago
- Economic Times
Two Trades for Today: A large-cap auto stock for an 8.1% gain, a small-cap travel tech services firm for an almost 7% rise
The Nifty 50 opened at 24,563.35 and saw a quick pullback before rallying sharply to the day's high of 24,702.60 in early trade. However, gains could not be sustained, and the index gradually lost momentum through the mid-morning session on Tuesday. A brief recovery attempt near midday was met with selling pressure, leading to a steady downward trajectory in the latter half. The index touched an intraday low of 24,465.65 before closing weak. FONT SIZE SAVE PRINT COMMENT
Time of India
24 minutes ago
- Time of India
'Trials get dragged for years in India ...': Another AI crash victim's kin moves US court; seeks info from the black-box
NEW DELHI: Son of a Ahmadabad plane crash victim has moved US federal court against aircraft manufacturing company Boeing and sought "raw details of information from the black-box. " Hir Prajapati, son of victim Kalpana Ben Prajapati said that he filed the suit in US for an early verdict and cases in India get dragged for years. "We have hired Mike Andrews. We expect the raw details of information from the black-box to come before us at the earliest so that we can make further decisions regarding the next course of steps, along with our lawyer," Hir said. "In India, trials get dragged for years. We are fighting the case in the US so that a decision is pronounced early. We believe we will get justice. When the incident happened, the Govt helped us a lot. Police too helped us. We are thankful to the doctors too who handed over the bodies to us after a swift DNA mother, Kalpana Ben Prajapati, died in the accident. I had initially booked a 9th June flight for her but she had fast and she told me that she cannot travel that day. So, I then rescheduled it to 11th June. But she told me that she doesn't want to travel on an odd date. So, I finally booked a ticket for 12th June," he added Meanwhile, prominent US-based law firm Beasley Allen will represent at least 65 families from India and the US whose relatives died in the AI-171 plane crash in Ahmedabad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Play this for 1 minute and see why everyone is crazy about it. Play Game Undo The law firm's aviation attorney and the lead lawyer for the AI-171 crash, Mike Andrews, is on a visit to India to meet families. He visited the plane crash site in Ahmedabad. Talking to media persons, Andrews said that the families he met in the UK and India expressed a burning desire for answers, transparency, and information. Andrews said that the legal options available to the family will primarily be based on what data shows and what the investigation reveals. "We visited the crash site and spoke with some of the individuals who were there. We were able to take some photographs and get a feeling of the size of the scene," said Andrews. The Boeing 787-8 plane en route to London from Ahmedabad crashed into a medical hostel shortly after take-off, killing 241 out of 242 people onboard and 19 on the ground. Andrews said that the data will give them an idea of which entity may or may not be responsible for the crash. He added that if Boeing is found to be responsible for this crash, the cases will be filed in the Federal court in the US. When asked about reports of a pilot error being responsible for the incident, Andrews said that more often than not, pilots who are deceased are the ones who are blamed. He added that in other incidents where the planes landed safely, the pilots were not blamed because those pilots can still speak for themselves. Andrews said that previous crashes taught us that the rush to reach a judgement on any crash is premature and speculative. "We need to wait to get all of the data," he said.
