Latest news with #Nifty-50
Mint
11 hours ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Wednesday
Stock Market Today: The benchmark Nifty-50 index rebounded 0.57% on Tuesday to end at 24,821.10 amidst short covering. Bank Nifty at 56,222.00 gained 0.24%, as most sectors led by Realty, Pharma, Metals, and Oil & Gas were among the gainers. Even mid- and small-caps ended with 0.8-1.0% gains. On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750, said Rupak De, Senior Technical Analyst at LKP Securities. For the Bank Nifty, support lies at 56000–55800, while it faces resistance in the 56500–56750 zone, as per analysts. Going ahead, investor focus would shift towards global macros, with US Q2 GDP and the Fed interest rate decision scheduled to be announced tomorrow. On the earnings front, key results on Wednesday include Tata Steel, Interglobe Aviation, Hyundai Motor, PNB, and Power Grid, amongst others. Overall, we expect the markets to witness selective buying, driven by quarterly results, while broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal, 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: Shankara Building Products Ltd., Krishana Phoschem Ltd., Biocon Ltd , Glenmark Pharmaceuticals Ltd., One 97 Communications Ltd, Lloyds Engineering Works Ltd, Graphite India Ltd., and Ideaforge Technology Ltd. Shankara Building Products Ltd _ Bagadia recommends buying SHANKARA at around ₹ 1132.2 , keeping Stoploss at ₹ 1090 for a target price ₹ 1210 SHANKARA is currently positioned at ₹ 1132. 2 levels witnessed a robust up move in today's session. The stock registered a strong bullish candle on the daily chart, confirming a breakout from a month-long consolidation zone. After trading in a narrow range near 1,000–1,060 for several weeks, today's price action clearly signals a resumption of the prior bullish trend. This breakout strengthens the view of fresh buying interest from institutions or large players. 2. Krishana Phoschem Ltd-Bagadia recommends buying KRISHANA at around ₹ 544, keeping stop loss at ₹ 523 for a target price of ₹ 580 KRISHANA, currently trading at ₹ 544, has shown a reaffirming strong bullish sentiment. Recent price action indicates the stock gradually moved higher, forming higher highs and higher lows—a classic sign of a bullish reversal. The bullish alignment of EMAs confirms that the broader trend remains firmly positive, with the 20-day EMA now acting as immediate dynamic support. Biocon Ltd-Dongre recommends buying Biocon at ₹ 398, keeping stop loss at ₹ 390 for a target price of ₹ 415 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 398 and has established a solid support base at ₹ 390. 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 ₹ 415 level in the near term. Given the renewed strength and the favorable risk-reward ratio, entering at the current market price with a stop-loss placed at ₹ 390 offers a strategic opportunity to capture the expected upside move. The outlook remains positive as long as the stock holds above its key support zone 2. Glenmark Pharmaceuticals Ltd—Dongre recommends buying GLENMARK at around ₹ 2158, keeping Stoploss at ₹ 2130 for a target price of ₹ 2220 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2158 and maintaining strong support at ₹ 2130. The technical setup indicates the potential for a price retracement towards the ₹ 2220 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 ₹ 2130 offers a prudent approach to capturing the anticipated upside. 3. One 97 Communications Ltd.—Dongre recommends buying One 97 Communications or PAYTM, at around ₹ 1075 keeping the stop loss at ₹ 1050 for a target price of ₹ 1120 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1075 and maintaining strong support at ₹ 1050. The technical setup indicates the potential for a price retracement towards the ₹ 1120 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 ₹ 1050 offers a prudent approach to capturing the anticipated upside. 6. Lloyds Engineering Works Ltd.-Koothupalakkal recommends buying LLOYDS ENGG at around ₹ 73.20 for a target price of ₹ 79, keeping Stop loss at ₹ 71 After the strong pickup from the ₹ 55 zone, the stock has witnessed a short period of correction to take support near the important 50EMA at the ₹ 69 zone and has indicated a bullish candle with decent volume participation to improve the bias, and we can anticipate a further rise in the coming days. The RSI has cooled off significantly from the highly overbought zone and is currently well positioned, indicating a reversal with improving bias, expecting further rise in the coming days. With the chart technically looking attractive, we suggest buying the stock. 7. Graphite India Ltd-Koothupalakkal recommends buying GRAPHITE INDIA at around ₹ 550 for a target price of ₹ 580. keeping Stop loss at ₹ 538 The stock, after correcting to some extent, has taken support near the base of the ascending channel pattern on the daily chart near the 535 level and has indicated a positive candle formation moving past the significant 50EMA at the 548 level to improve the anticipation for further rise in the coming days. The RSI has corrected well and is currently well positioned with improvement visible. With the chart technically looking attractive, we suggest buying the stock . 8. Ideaforge Technology Ltd-Koothupalakkal recommends buying IDEA FORGE at around ₹ 459 for a target price of ₹ 485. keeping Stop loss at ₹ 448 The stock has witnessed a decent erosion from the peak zone of 660 level and has currently arrived near the upper band of the descending channel pattern at the 446 zone with support visible, and with a pullback witnessed, it, it has shown signs of improvement, expecting a further rise in the coming sessions. The RSI has corrected quite significantly and has arrived at the oversold zone with a high probability of a trend reversal, expecting a fresh upward move in the coming days. 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
2 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 and global markets, Q1 results today; Eight stocks to buy or sell on Monday
Stock Market Today: For the week ending 25 July 2025, the benchmark Nifty-50 index, at 24,837.00, ended almost half a percent lower. The Bank Nifty at 56,528.90, however, managed to end marginally higher, and the Healthcare index was another key gainer, though Realty, FMCG, and IT were the key losers. In the broader indices. Among the broader markets, however, the mid-cap and small-cap indices suffered sharper losses of 1.85% to 3.51%. The zone of 24600-24550 will act as immediate support for the Nifty-50 index. Any sustainable move below the level of 24550 will lead to further correction up to the 24200 level. On the upside, the zone of 25100-25150 will be the crucial hurdle for the index, said Sudeep Shah, Vice President and Head of Technical and Derivative Research, SBI Securities. For Bank Nifty 57300-57400 continues to act as a formidable barrier for the bull, as per Shah The start of the new month will bring attention to key economic data, including Industrial Production (IIP), HSBC Manufacturing PMI, and monthly auto sales. The scheduled expiry of the July derivatives contracts may add further volatility to the markets. As the earnings season progresses, results from heavyweights such as IndusInd Bank, Asian Paints, NTPC, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, ITC, and others will be tracked for insights on sectoral resilience and corporate performance. Globally, traders will focus on the U.S. Fed's interest rate decision and GDP growth numbers, along with updates on trade negotiations ahead of Trump's August 1 tariff deadline, which could impact FII flows, said Ajit Mishra, SVP, Research, Religare Broking. 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: Torrent Pharmaceuticals Ltd., Syrma SGS Technology Ltd., National Aluminium Company Ltd., Marico Ltd., Shyam Metalics and Energy Ltd., Laxmi Organic Industries Ltd. and Tourism Finance Corporation of India Ltd. 1. Torrent Pharmaceuticals Ltd- Bagadia recommends buying TORNTPHARM at around ₹ 3605, keeping Stoploss at ₹ 3480 for a target price of ₹ 3880 TORNTPHARM is exhibiting strong bullish momentum, currently trading at an all-time high of 3613.9 levels. TORNTPHARM surged nearly 2.4%, indicating firm buying interest throughout the session. TORNTPHARM has convincingly broken past a multi-month consolidation zone, decisively crossing its resistance zone around ₹ 3555. The price action indicates strength, with candles exhibiting a strong bullish body and minimal upper wick—suggesting buyers remained in control throughout the day. 2. Syrma SGS Technology Ltd-Bagadia recommends buying SYRMA at around ₹ 728.15, keeping stop-loss at ₹ 700 for target price of ₹ 785 SYRMA, currently trading at 728.15, continued its stellar upward journey. This rally marks a decisive breakout above the previous resistance zone, with a sharp bullish candle and strong volume backing the move. Notably, the 20 EMA is sharply rising, and the distance between it and the other moving averages is increasing—indicating strong momentum and price expansion. This kind of EMA alignment, where shorter-term EMAs are significantly above longer-term EMAs, 3. National Aluminium Company Ltd—Dongre recommends buying Nationalum at ₹ 194, keeping Stop Loss at around ₹ 185 for a target price of ₹ 205 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 194 and has established a solid support base at ₹ 185. 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 ₹ 205 level in the near term. Given the renewed strength and the favorable risk-reward ratio, entering at the current market price with a stop-loss placed at ₹ 185 offers a strategic opportunity to capture the expected upside move. The outlook remains positive as long as the stock holds above its key support zone 4. DLF Ltd-Dongre recommends buying DLF at around ₹ 826 with a stop loss at ₹ 810 for a target ₹ 865 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 826 and maintaining strong support at ₹ 810. The technical setup indicates the potential for a price retracement towards the ₹ 865 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 ₹ 810 offers a prudent approach to capturing the anticipated upside. 5. Marico Ltd—Dongre recommends buying MARICO at around ₹ 695, with a stop loss ₹ 710 and a target price ₹ 735 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 695 and maintaining strong support at ₹ 685. The technical setup indicates the potential for a price retracement towards the ₹ 720 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 ₹ 685 offers a prudent approach to capturing the anticipated upside. 6. Shyam Metalics and Energy Ltd.- Koothupalakkal Buy SHYAM METALLIC for ₹ 969, with a target price of ₹ 1030, keeping the stop loss at around ₹ 950 The stock has surged ahead, indicating a breakout above the major resistance zone at the ₹ 952 level, with the trend gaining strength, and we can anticipate a further rise in the coming days. The volume of participation has been on the rise with the RSI gaining strength and has further upside potential to carry on with the positive move. With the chart technically looking good, we suggest buying the stock for an upside l. 7. Laxmi Organic Industries Ltd- Koothupalakkal Buy LAXMI ORGANICS at ₹ 205.70. Target for 217 Stop loss: 200 The stock has recently picked up from the 50EMA zone at the ₹ 196 level to indicate a breakout above the triangular pattern on the daily chart to improve the bias, and we expect a continuation of the positive move further ahead in the coming sessions. The RSI has been moving within a range for quite some time, currently indicating a positive trend reversal to signal a buy. With the chart technically looking attractive, we suggest buying the stock. 8. Tourism Finance Corporation of India Ltd.-Koothupalakkal recommends TOURISM FINANCE at around ₹ 291.50 for a target price of ₹ 310 for stop loss at ₹ 285 The stock has witnessed a strong run up in the last 4 months and recently, after a short period of correction, has once again gained strength, taking support near the ₹ 275 level, and with a positive bullish candle formation, has improved the bias, anticipating a further rise in the coming sessions. The RSI has indicated strength to gain further, and 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
3 days ago
- Business
- Mint
Vijay L Bhambwani's Ticker: It's time for bulls to make their presence felt
Ticker is a weekly newsletter by Vijay L Bhambwani. Subscribe to Mint's newsletters to get them directly in your email inbox. Dear Reader, Last week, I wrote about the daunting prospect of overhead supply (selling by bulls trapped at higher levels) weighing on bulls. That hypothesis was validated by the markets as indices slipped in the latter half of the week. Triggers for the overhead supply remain unchanged. Proposed changes in the US and UK, which may reduce the flow of money to pension funds, are worrying bulls. It should be remembered that pension funds manage huge sums as long-term assets under management (AUM), which makes them the biggest institutional investors in equity markets. If AUMs fall in the pension fund industry, support to equity markets may be impacted as well. The delay in tying up trade deals and fears of slowing consumer spending worldwide are also weighing on sentiments. This is an expiry week, and therefore, traders are likely to be preoccupied with rolling over or squaring up (closing) their trades. Volatility is usually higher in expiry weeks. The positive trigger that emerged is that traded volumes perked up in the derivatives segment. This was partly due to Jane Street being allowed to resume operations in India. Aggressive follow-up buying will be crucial to revive sentiments. Do note the Nifty-50 has slipped for four weeks in a row, and bulls are running out of time. If they are to get a grip on sentiments, they must make their presence felt before the 24,800 support I have been mentioning for a fortnight is violated. In terms of sectoral action, public sector undertakings will continue to attract traders due to the emotional and financial stakes being relatively high in these stocks. Banking stocks within the PSU space will be particularly volatile. As we approach the Reserve Bank of India's announcement on interest rates on 7 August, traders are likely to ramp up their exposure on these stocks. Larger two-way moves are expected on these stocks. Metal prices may witness routine month-end short-covering, which can perk up metal and mining stock prices this week. Upsides will remain capped, however. Oil and gas-related stocks will also witness hectic trades, as energy prices are slipping on global commodity exchanges. Bullion remains bullish for the patient long-term investor, who is willing to look past calendar 2025. Oil and gas prices are likely to stay subdued, and rallies, if any, are likely to run into selling pressure. I maintain my long-standing view that energy markets are well-supplied and shortages exist only in market narratives. I recommend my readers traders light with tail risk (hacienda) hedges in place to avoid any shocks to capital. Being an expiry week makes it even more pressing to prioritize capital preservation over trading profits. A tutorial video on hacienda hedges is here - Rear View Mirror Let us assess what happened last week so we can guesstimate what to expect in the coming week. The fall was led by the broad-based Nifty, whereas the Bank Nifty logged gains. Being heavily weighted in the Nifty index, banking stocks cushioned the declines in the Nifty which, otherwise, may have slipped significantly. A weak dollar aided sentiments in emerging markets including India. Safe-haven buying eased in bullion, which otherwise remained firm. Oil and gas fell sharply as demand growth was feared to contract in the near future. The rupee eased versus a weakening dollar, which underscores the nervousness in the forex peg. Indian forex reserves slipped marginally, which weighed on sentiments. The Indian 10-year sovereign bond yields rose which dragged banking stocks since banks are the biggest investors in bonds. NSE market capitalization slipped 1.54%, which indicates broad-based selling. Market wide position limits (MWPL) rose routinely ahead of the expiry. US headline indices rose, providing tailwinds to our markets, which could have otherwise slipped deeper. Retail Risk Appetite – I use a simple yet highly accurate yardstick for measuring the conviction levels of retail traders – where are they deploying money. I measure what percentage of the turnover was contributed by the lower and higher risk instruments. If they trade more of futures which require sizable capital, their risk appetite is higher. Within the futures space, index futures are less volatile compared to stock futures. A higher footprint in stock futures shows higher aggression levels. Ditto for stock and index options. Last week, this is what their footprint looked like (the numbers are average of all trading days of the week) – Turnover contribution in the higher-risk, capital-intensive futures segment was marginally higher. Much of it can be attributed to the rollover of trades from the July to August series. This results in dual turnover being logged, which is routine. In the relatively safer options segment, turnover rose in the stock options segment which is marginally more riskier than index options. Some of it can be rollover trades from July to August series. Overall. risk appetite remained subdued. Matryoshka Analysis Let us peel layer after layer of statistical data to arrive at the core message of the first chart I share is the NSE advance-decline ratio. After the price itself, this indicator is the fastest (leading) indicator of which way the winds are blowing. This simple yet accurate indicator computes the ratio of the number of rising stocks compared to falling stocks. As long as gaining stocks outnumber the losers, bulls are dominant. This metric is a gauge of the risk appetite of 'one marshmallow' traders. These are pure intra-day traders. The Nifty clocked smaller losses last week, but the advance-decline ratio slipped from 1.11 in the prior week to 0.67 last week. That means there were 67 gaining stocks for every 100 losing stocks. Intra-day buying conviction was lower. This ratio must stay above 1.0 sustainably all week for bulls to regain their lost initiative. A tutorial video on the marshmallow theory in trading is here - The second chart I share is the market wide position limits (MWPL). This measures the amount of exposure utilized by traders in the derivatives (F&O) space as a component of the total exposure allowed by the regulator. This metric is a gauge of the risk appetite of 'two marshmallow' traders. These are deep-pocketed, high-conviction traders who roll over their trades to the next session/s. The MWPL rose routinely ahead of the expiry week, but the peak was lower than the prior month's peak. This week being an expiry one, this reading can only fall this week. Swing traders are showing signs of hesitation. If markets rally strongly in the August derivatives series, bulls must ramp up their exposure levels to make their presence felt. Post-expiry routine decline should be watched keenly. If the low is higher than the 26.20 level of last month, it would imply some optimism.A dedicated tutorial video on how to interpret MWPL data in more ways than one is available here - The third chart I share is my in-house indicator 'impetus.' It measures the force in any price move. Last week, both indices fell with falling impetus readings. That tells us the fall was more of a gradual slide triggered by poor buying support rather than aggressive selling. Ideally, the price and impetus readings should rise in tandem to confirm a sustainable upthrust. The final chart I share is my in-house indicator 'LWTD.' It computes lift, weight, thrust and drag encountered by any security. These are four forces that any powered aircraft faces during flight; so, applying it to traded securities helps a trader estimate prevalent sentiments. Last week, the Nifty logged smaller declines, but the LWTD reading fell sharply to its lowest after the week ended 18 April, 2025. That implies lower fresh buying support for the Nifty this week. While short-covering can occur, it can cushion declines. For a fresh rally, aggressive follow-up buying will be required. A tutorial video on interpreting the LWTD indicator is here - Nifty's Verdict Last week, we saw a red candle on the weekly chart. This is the fourth bearish candle in a row. It was an inverted hammer candle. That indicates an abortive attempt by bulls as they tried to push prices higher but failed, and the index slid back into negative territory. The price remains above the 25-week average, which is a proxy for the six-month holding cost of an average retail investor. The medium-term outlook remains positive for now, as long as the price stays above this average. Last week, I advocated watching the 24,800 level, which bulls needed to defend in case of a decline. Note how the weekly low was 24,806. This threshold remains as the immediate support area to watch out for. The longer the index stays below this threshold, the more difficulty bulls may encounter on the upside. That is because overhead supply (selling from bulls trapped at higher levels) can limit rallies in the near term. On the flipside, the nearest resistance is at the 25,250 level, which must be overcome if the Nifty is to have a reasonable chance to rally. Your Call to Action – watch the 24,800 level as a near-term support. Only a break-out above the 25,250 level raises the possibility of a short-term rally. Last week, I estimated ranges between 57,500 – 55,050 and 25,525 – 24,400 on the Bank Nifty and Nifty respectively. Both indices traded within their specified resistance levels. This week, I estimate ranges between 57,725 – 55,325 and 25,375 – 24,300 on the Bank Nifty and Nifty respectively. Trade light with strict stop losses. Avoid trading counters with spreads wider than eight ticks. Have a profitable week. Vijay L. Bhambwani Vijay is the CEO a proprietary trading firm. He tweets at @vijaybhambwani
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
21-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, global markets to Q1 results today; Eight stocks to buy or sell on Monday
Stock Market Today: For the week ending 18 July 2025, the benchmark Nifty-50 index ended 0.7% lower at 24,968.40, amid ongoing consolidation in the market. Bank Nifty at 56,283.00 saw similar losses, while the IT index was among other key losers, though Realty and Healthcare were among the top key gainers. In the broader indices, the mid- and small-caps registered healthy gains. The short-term market texture is weak, but a fresh sell-off is possible only after the dismissal of 24,900 for Nifty. Below this level, the market is likely to retest the levels of 24,600–24,500, as per Amol Athawale, VP of Technical Research, Kotak Securities. For Bank Nifty, 56,900 could serve as a crucial resistance area for the bulls, as per Athawale. Investors will first react to the results of three heavyweights—Reliance, HDFC Bank, and ICICI Bank—during early trades on Monday, while several prominent companies, including Infosys, Dr. Reddy's Laboratories, Bajaj Finance, Nestle India, and Cipla are scheduled to announce their quarterly results. Globally, market participants will monitor trade deal updates, which could influence FII flows and currency movements. At the same time, uncertainty persists as global markets recalibrate expectations for Federal Reserve rate cuts amid sticky inflation and trade-related tensions, as per Ajit Mishra—SVP, Research, Religare Broking 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: Krishna Institute of Medical Sciences Ltd., Indian Hotels Company Ltd., Godrej Properties Ltd., Supreme Industries Ltd., Himatsingka Seide Ltd., Som Distilleries & Breweries Ltd., and Jagran Prakashan Ltd. Krishna Institute of Medical Sciences Ltd-Bagadia recommends buying KIMS at around ₹ 761.25, keeping Stop Loss at ₹ 734 for a target price of ₹ 822 KIMS is currently trading at ₹ 761.25 and has recently marked a new all-time high at ₹ 768.90, underscoring strong bullish momentum. The stock maintains a well-defined upward price structure characterized by higher highs and higher lows, reflecting sustained buying interest. This breakout to a new high signals a positive shift in market sentiment and robust demand from investors. 2. Indian Hotels Company Ltd—Bagadia recommends buying INDHOTEL at around ₹ 766.20, keeping Stoploss at ₹ 739 for a target price of ₹ 827 INDHOTEL is currently trading at ₹ 766.20, exhibiting a positive upward trajectory. The stock is forming a long-term symmetrical triangle pattern and has recently bounced from lower levels, indicating a resurgence in bullish momentum. It has taken strong support at the 50-day Exponential Moving Average (EMA) on the weekly timeframe and continues to trade comfortably above its 20-day, 50-day, and 200-day 3. Godrej Properties Ltd—Dongre recommends buying Godrej Properties, or GODREJPROP, at ₹ 2365, keeping Stoploss at ₹ 2325 for a target price of ₹ 2450 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2365 and maintaining strong support at ₹ 2925. The technical setup indicates the potential for a price retracement towards the ₹ 2450 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 ₹ 2325 offers a prudent approach to capturing the anticipated upside. 4. Supreme Industries Ltd—Dongre recommends buying SUPREMEIND at around ₹ 4216, keeping the stop loss at ₹ 4150 for a target price of ₹ 4400 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 4216 and maintaining strong support at ₹ 4150. The technical setup indicates the potential for a price retracement towards the ₹ 4400 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 ₹ 4150 offers a prudent approach to capturing the anticipated upside. 5. Jindal Steel & Power Ltd—Dongre recommends buying Jindal Steel & Power at around ₹ 957, keeping the stop loss at ₹ 940 for a target price ₹ 990 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 ₹ 957 and holding above a key support level at ₹ 940. 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 ₹ 940 to manage downside risk. The target for this trade is set at ₹ 990, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Himatsingka Seide Ltd.—Koothupalakkal recommends buying HIMATSINGKA SEIDE at around ₹ 154.80 for a target price of ₹ 166, keeping the stop loss at ₹ 151 The stock has indicated a higher low formation on the daily chart, taking support near the ₹ 148 level, and with a revival witnessed, has improved the bias to anticipate a further upward move in the coming sessions. The chart setup technically looks good, with the RSI well positioned, indicating a trend reversal to signal a buy, and with much upside potential visible, we can expect a further rise. With the volume of participation on the rise, we suggest buying the stock. 7. Som Distilleries & Breweries Ltd—Koothupalakkal recommends buying SOM DISTILLERIES at around ₹ 160 for a target price of ₹ 170. Stop loss at ₹ 156 The stock has witnessed a short period of correction, and taking support near the important 50EMA zone at the 150 level has once again indicated a pullback with a bullish candle to form a higher bottom formation to improve the bias, and we can anticipate a further rise. The RSI is currently well placed after the correction and has indicated a positive trend reversal to signal a buy. With the chart technically looking good, we suggest buying the stock. 8. Jagran Prakashan Ltd- Koothupalakkal Buy JAGRAN PRAKASHAN at around ₹ 74.77 for a target of ₹ 80, keeping a stop loss of ₹ 73 The stock has been in consolidation for quite some time, maintaining the support near the ₹ 70.50 level, currently indicating a strong bullish candle formation moving past the important 50EMA at the ₹ 72.60 level to improve the bias, and we can expect further gains in the coming sessions. The volume participation has been significant, and with the RSI currently well positioned, it has indicated a steep rise, indicating strength, and can carry on with the positive move further ahead. With much upside potential visible from the current rate and 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.
