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Mint
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, global markets, to Q1 results today; Eight stocks to buy or sell on Friday
Stock Market Today: The weakness in the market continues as the benchmark Nifty-50 index at 25,062.10 ended 0.63% lower on Thursday. The Bank Nifty at 57,066.05 was also down 0.25%, while the IT and Realty Index were key losers, and only a few, such as Pharma and Healthcare, stood among the gainers. The mid and small caps also ended 0.58-1.09% lower. For the short term, immediate support for the Nifty is seen at 24,882. On the upside, unless 25255 is taken out decisively, traders should take a cautious stance, said Nandish Shah - Deputy Vice President, HDFC Securities. For Bank Nifty, immediate support is seen in the 56,000–55,700 zone, as per Bajaj Broking. In summary, Thursday's session painted a cautionary picture, and strong domestic earnings from banks couldn't offset widespread disappointment in IT and continued global trade concerns. With earnings and geopolitics in focus, investors will be watching for clarity on trade deals and recovery cues from tech fundamentals,' said Vikram Kasat, Head - Advisory, PL Capital. 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: Eternal Ltd , Fortis Healthcare Ltd., Glenmark Pharmaceuticals Ltd., Tata Chemicals Ltd., Zydus Wellness Ltd., Surya Roshni Ltd., and Welspun Living Ltd. 1. Eternal Ltd-Bagadia recommends buying ETERNAL at around ₹ 313.15, keeping Stop Loss at ₹ 302 for a target price of ₹ 336 ETERNAL is currently trading at ₹ 313.15 and has recently reached a new all-time high at 314.45, underscoring its strong bullish momentum. The stock continues to maintain an upward price structure marked by higher highs and higher lows, indicating sustained buying interest. The breakout to a new high reflects a shift in sentiment and robust demand. 2. Fortis Healthcare Ltd—Bagadia recommends buying FORTIS at around ₹ 846.55, keeping Stop Loss at ₹ 817 for a target price at ₹ 906 FORTIS is currently trading at ₹ 846.55 and is exhibiting strong signs of recovery, backed by a consistent formation of higher highs and higher lows. The stock has posted bullish candlesticks for four consecutive sessions and recently touched a fresh all-time high of ₹ 849, reflecting sustained upward momentum and the potential emergence of a long-term trend continuation. Rising volumes further reinforce the bullish sentiment, indicating heightened investor participation. 3. Glenmark Pharmaceuticals Ltd—Dongre recommends buying GLENMARK at around ₹ 2143, keeping the stop loss at ₹ 2100 for a target price of ₹ 2200 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2143 and maintaining strong support at ₹ 2100. The technical setup indicates the potential for a price retracement towards the ₹ 2200 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 ₹ 2100 offers a prudent approach to capturing the anticipated upside. 4. TVS Motor Company Ltd—Dongre recommends buying TVSMOTOR at ₹ 2800, keeping the stop loss at ₹ 2760 for a target price of ₹ 2885. Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2800 and maintaining strong support at ₹ 2760. The technical setup indicates the potential for a price retracement towards the ₹ 2885 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 ₹ 2760 offers a prudent approach to capturing the anticipated upside. 5. Tata Chemicals Ltd—Dongre recommends buying TATACHEM at ₹ 948, keeping stop loss at ₹ 930 for a target price of ₹ 985 In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 948 and holding above a key support level at ₹ 930. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 930 to manage downside risk. The target for this trade is set at ₹ 985, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Zydus Wellness Ltd—Koothupalakkal recommends buying ZYDUS WELLNESS at around ₹ 2138 for a target price of ₹ 2220, keeping the stop loss at ₹ 2100 The stock with a positive candle formation on the daily chart has been in a rising trend with bias getting better, and we can anticipate a further rise with volume participation visibly looking significant. The RSI is well positioned, indicating a buy signal, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of the 2220 level, keeping the stop loss of 2100 level. 7. Surya Roshni Ltd-Koothupalakkal recommends buying SURYA ROSHNI at around ₹ 347, keeping target price of ₹ 365, and keeping a stop loss of ₹ 338 The stock with a higher bottom formation has indicated a strong spurt in the last two sessions, taking support near the important 50EMA zone at ₹ 324 levels, and with gaining strength, we can anticipate a further rise. The RSI, after correcting from the overbought zone, is currently well placed, indicating a positive trend reversal to signal a buy, and can carry on with the positive move further ahead in the coming sessions. With the chart technically looking attractive, we suggest buying the stock. 8. Welspun Living Ltd-Koothupalakkal recommends buying WELSPUN LIVING at around ₹ 141 for a target price of ₹ 152, keeping Stop loss at Rs137 The stock has been in consolidation for quite some time, with the current indication of a bullish candle with rising volume participation. This has improved the bias, and we can expect a continuation of the positive move further ahead. The RSI has indicated strength, which is currently well poised for further upward movement with much upside potential visible. With the chart technically looking good, we suggest buying the stock. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
09-07-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today amid escalating Trump's tariff uncertainty
Buy or sell stocks: The Indian stock market displayed a late-session optimism, breaking out of a narrow range that had held it for most of the Tuesday session. The Nifty 50 index finished 61 points higher at 25,522, the BSE Sensex ended 270 points higher at 83,712, the Bank Nifty index gained 307 points and closed at 57,256. Leading the charge among the top performers on the Nifty were Kotak Bank, ETERNAL, and Asian Paints. Conversely, Titan, Dr Reddy and Bajaj Auto concluded the session as major losers. After a sharp drop in volumes during the last few days, volumes on the NSE cash market rose 18% compared to the previous session. After falling sharply in the first half, the Nifty Midcap and Smallcap Indices recovered impressively during the second half of the day, ultimately ending the session with only minor losses. The Nifty Midcap 100 Index fell by 0.17%, while the Nifty Smallcap 100 Index dipped by 0.29%. Market breadth, though ended negative, showed signs of improvement, with declining stocks only slightly outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.96. Amongst the sectoral indices, Nifty Realty, Financial Services, and Private Banks were the major gainers, demonstrating strong buying interest. Conversely, Nifty Consumer Durables, Pharma, and Healthcare were the major losers, seeing some profit booking. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market mood has gradually improved in the last couple of sessions. The Nifty 50 index has made a strong base at 25,300 to 25,250 levels, while the key benchmark index is facing hurdles at 25,550 to 25,600 levels. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index has indicated a steady and gradual improvement on the daily chart in the last three sessions to turn the daily trend positive and further rise can be anticipated in the coming sessions with the overall trend maintained positive. As mentioned earlier, the index has the important support positioned near the 25,250-25,300 zone, which needs to be sustained as of now and on the upside, a decisive breach above the 25,650 zone shall trigger a fresh upward move with higher targets of 25,700 and 26,200 levels in the coming days." "The Bank Nifty index, sustaining the important near-term support of 56,650 zone in the last two sessions, has indicated a positive bullish candle formation to improve the bias and can be expected to see further gains in the coming sessions. As mentioned earlier, the index continues to have the 56,000 zone as the crucial support, which needs to be sustained as of now. Once a decisive breach above the resistance level of 57,600 is breached, one can expect fresh targets of 58,500 and 60,000 levels in the coming days," said Parekh. Today, the Nifty's immediate support is 25,350, while the resistance is 25,700. The Bank Nia would have a daily range of 56,800-58,000. Regarding stocks to buy today, Vaishali Parekh recommended these three intraday stocks to buy-or-sell: Capri Global Capital, JSW Infrastructure, and Parsvnath Developers. 1] Capri Global Capital: Buy at ₹ 169, Target ₹ 178, Stop Loss ₹ 164; 2] JSW Infrastructure: Buy at ₹ 312, Target ₹ 330, Stop Loss ₹ 303; and 3] Parsvnath Developers: Buy at ₹ 26.90, Target ₹ 30, Stop Loss ₹ 25. 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.
