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Mint
08-08-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; 8 stocks to buy or sell on Thursday
Stock market today: The benchmark Nifty 50 index managed to end a volatile trading session on Thursday on a positive note at 24,596.15, up 0.09%. Bank Nifty ended 0.2% higher at 55,521.15, as Pharma and IT rebounded well, leading the rally for other indices. Only Realty and Oil & Gas lagged on a day when even mid- and small-caps ended with 0.17-0.33% gains. Nifty managed to hold above the 24,450 mark on a closing basis. A decisive move above the 24,800 level could pave the way for a further rebound towards the 25,000 mark, said Ajit Mishra – SVP, Research, Religare Broking Ltd. For Bank Nifty, the support lies in 55100 - 54900, while it faces resistance at 55750 - 56000, as per Rajesh Bhosale, Equity Technical Analyst, Angel One. As the Q1 earning season is nearing its end, investors will keenly watch results of SBI, Tata Motors, Siemens, Info Edge, and others to be announced on Friday. 'Overall, we expect the market to remain range-bound, tracking developments around US-Russia peace talks, India's response to US tariffs and the domestic earnings trajectory,' said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd., Jubilant FoodWorks 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: Avalon Technologies Ltd., Kajaria Ceramics Ltd., Tata Steel Ltd., SBI Cards and Payment Services Ltd., Ramkrishna Forgings Ltd., Navkar Corporation Ltd. and Torrent Power Ltd. 1. Avalon Technologies Ltd-Bagadia recommends buying Avalon Technologies at around ₹ 955, keeping Stoploss at ₹ 918 for a target price of ₹ 1015 AVALON is currently positioned at ₹ 955 levels and witnessed a spectacular rally in today's session. This marks a decisive breakout from a prolonged consolidation zone, suggesting the return of bullish momentum in the counter. The stock formed a strong bullish candle on the daily chart, with minimal upper wick—indicating buying strength throughout the session. 2. Kajaria Ceramics Ltd—Bagadia recommends buying KAJARIACER at around ₹ 1263, keeping Stoploss at ₹ 1220 for a target price of ₹ 1350 KAJARIACER, currently trading at 1263, delivered a sharp upward breakout in today's session. LUMAXTECH has delivered a strong bullish candle after a few sessions of consolidation, indicating renewed buying interest near the short-term support levels. This marks a breakout from a recent range of 1,150–1,212. Importantly, the stock has now moved above the resistance zone. 3. Tata Steel Ltd-Dongre recommends buying TATASTEEL at ₹ 159, keeping Stoploss at ₹ 155 for a target price of ₹ 167 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 159 and has established a solid support base at ₹ 155. 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 ₹ 167 level in the near term. 4. SBI Cards and Payment Services Ltd—Dongre recommends buying SBICARD at ₹ 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 ₹ 735, keeping Stoploss at ₹ 725 for a target price of ₹ 755 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 735 and maintaining strong support at ₹ 725. The technical setup indicates the potential for a price retracement towards the ₹ 755 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 ₹ 725 offers a prudent approach to capturing the anticipated upside. 6. Ramkrishna Forgings Ltd—Koothupalakkal recommends buying RK FORGING at around ₹ 577.90 for a target price of ₹ 605, keeping the stop loss at ₹ 565 The stock, after witnessing a decent erosion, has found support near the ₹ 550 zone and has indicated a bullish candle formation on the daily chart to improve the bias, and we can expect a further rise in the coming sessions. The RSI has corrected well and is currently hovering near the oversold zone, indicating a trend reversal to signal a buy with much upside potential visible. With the chart technically looking good, we suggest buying the stock. 7. Navkar Corporation Ltd—Koothupalakkal recommends buying NAVKAR CORP at around ₹ 123.19 for a target price of ₹ 130, keeping the stop loss at ₹ 120 The stock has witnessed a short period of correction and has taken support near the 50EMA zone at the ₹ 118 level, indicating a pullback with a positive candle formation moving past the 200-period MA at the ₹ 121 level, improving the bias, and we can expect a further rise in the coming sessions. The RSI after correcting from the overbought zone is currently well placed and has much visible upside potential. With the chart technically looking good, we suggest buying the stock. 8. Torrent Power Ltd-Koothupalakkal recommends buying TORRENT POWER at around ₹ 1357 for a target of ₹ 1420, keeping the stop loss at ₹ 1325 The stock, after witnessing a gradual slide, has bottomed out near the 1270 zone and has indicated a decent pullback with improving bias, expecting a further rise in the coming sessions. With the RSI recovering from the oversold zone, there is much upside potential visible to carry on with the positive move. 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.
Mint
25-06-2025
- Business
- Mint
Best stocks to buy today, 25 June, recommended by NeoTrader's Raja Venkatraman
Stock market benchmarks Sensex and Nifty slipped sharply on Tuesday after a strong start, as escalating hostilities in the West Asia dampened investor confidence. The Sensex erased early gains, plunging 1,118.04 points from its peak to touch 81,900.12, while the Nifty breached the 25,050 level during intraday trade. Sensex closed 158 points, or 0.19% higher at 82,055.11, while the Nifty 50 settled at 25,044.35, up 72 points, or 0.29%. Three stocks to trade today as recommended by NeoTrader's Raja Venkatraman REPCO (Current price ₹439.20) Also Read: Why DLF is walking on eggshells beyond Gurugram, its home turf KAJARIACER (Current price ₹1105.30) BHARTIHEXA (Current price ₹1855.50) Also Read: A little-known stock that quietly delivered 15,000% returns—and still has room to runStock Market Recap Stock market benchmarks slipped sharply on Tuesday after a strong start, as escalating hostilities in the West Asia dampened investor confidence. The Sensex erased early gains, plunging 1,118.04 points from its peak to touch 81,900.12, while the Nifty breached the 25,050 level during intraday trade. Markets had opened with optimism fueled by a global upswing and declining crude oil prices. However, the rally lost steam amid news of renewed ceasefire breaches between Israel and Iran, triggering a broad-based sell-off. Also Read: Israel-Iran ceasefire takes the pressure off crude prices, but not Indian OMCs Outlook for Trading On the charts, we note that the gap area continues to support the trends have been largely oriented towards trading rather than investing. Hence , from a trading perspective we can note that on the Daily charts the KS support area around 24500, combining with the median line support has helped prices revive. The gradual rise that we witnessed last week is now facing challenges to stage further upmove from Monday's rise. The trend that is emerging clearly suggests that the rally seen last week was holding the resistance zone and the gap up opening ensured that the prices traded above the range area that developed in the last few days. Hence, one should track the trends that are in progress as upmove needs to continue their way above 25000 (Nifty Spot)to renew the bullish bias. Momentums on hourly charts indicate that the prices, after settling down, seem to have witnessed a resumption of selling pressure. With the gradual and hesitant rise emerging from lower levels, we can expect the rise to remain hesitant. For undertaking shorts, we now need to revise Nifty stop below 24800 for the bullishness to give up. The supports are now firming up at the previous resistances thus indicating that the trends are now gearing for some upside. The earlier supports around 24500 now are revised to 24800 where the next set of supports lie. As far as the Open Interest data, 25200 is where we see the next set of resistances emerging. If we witness a 30-minute range breakdown on Wednesday, we can consider trading on either side as the trends still remain tentative, where we expect some resistance to kick in. We are still caught amid the geopolitical uncertainty, and need to be quick in profit taking as the trend does not have sufficient steam to move strongly in either direction. The readings from the Option Data suggest that PCR has remained suppressed at 0.80, highlighting that the trends are facing some pressure at higher levels. An important stage, with some steady Call writing at 25200 levels, continues to prove to be a hurdle for recovery levels fighting the buying interest at every rise. At this juncture we have to pay attention to multiple news triggers, the combination of global tariff threats, cautious investor sentiment, and domestic economic challenges contributed to the sharp market decline and volatility in the rupee. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
