Latest news with #Nifty-50Index
Mint
04-08-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Monday
Stock Market Today: During the week ended 1 August 2025, the benchmark Nifty-50 index ended more than 1% lower at 24,565.35, amid Trump tariff uncertainties. The Bank Nifty, at 55,617.60, also ended more than 1% lower, while Realty and Pharma were among the key underperformers, though FMCG and Industrials were among the key outperformers. Mid and small caps also saw significant pressure during the week. For the Nifty-50 Index, the zone of 24400–24350 is expected to act as an immediate support for Nifty. A sustained break below this could further accelerate the downside. On the flip side, the 50-day EMA zone of 24900–24950 now stands as a crucial hurdle, said Sudeep Shah, Vice-President & Head of Technical and Derivatives Research, SBI Securities. Going ahead, for Bank Nifty, the zone of 55200-55100 will act as an important support, as per Shah. Volatility is expected to remain high in the coming week amid key central bank decisions, corporate earnings announcements, and trade-related developments. While a defensive stance may be prudent in the short term, selective accumulation in fundamentally strong stocks on dips can offer favorable long-term opportunities. Sectors vulnerable to global volatility—especially IT and metals—should be approached with caution until greater clarity emerges around U.S. trade policy and macroeconomic trends. Given the prevailing technical weakness and external uncertainties, disciplined risk management and prudent position sizing will be essential for traders, said 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: CCL Products (India) Ltd, Trent Ltd, Biocon Ltd, Marico Ltd, Central Depository Services (India) Ltd, TVS Motor Company Ltd, Genus Power Infrastructures Ltd and Waaree Energies Ltd. CCL Products (India) Ltd-Bagadia recommends buying CCL at around ₹ 894. 1. Keep stop loss at ₹ 862 for a target price of ₹ 957. CCL is currently trading at ₹ 894.10 and showing a strong bullish trend on the daily chart. The stock has printed a bullish candlestick and is nearing a breakout from an ascending triangle pattern. A decisive close above the key resistance at ₹ 915 would confirm the breakout and signal the continuation of the uptrend, potentially driving the stock toward the short-term target of ₹ 957. 2. Trent Ltd-Bagadia recommends buying TRENT at around ₹ 5180, keeping Stoploss at ₹ 5000 for a target price of ₹ 5550. TRENT is currently trading at ₹ 5,180, having rebounded strongly from a key support level. The stock has formed a bullish candlestick on the daily chart and broken out of a consolidation phase by surpassing the crucial resistance level of ₹ 5,100. This breakout, accompanied by rising trading volumes, indicates a potential trend reversal and growing buying interest. From a technical perspective, 3. Biocon Ltd.-Dongre recommends buying Biocon at around ₹ 383, keeping Stoploss at ₹ 370 for a target price of ₹ 405. Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 383 and has established a solid support base at ₹ 370. 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 ₹ 405 level in the near term. 4. Marico Ltd.-Dongre recommends buying MARICO at around ₹ 711, keeping stop-loss at ₹ 700 for a target price of ₹ 725 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 711 and maintaining strong support at ₹ 700. The technical setup indicates the potential for a price retracement towards the ₹ 725 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 ₹ 700 offers a prudent approach to capturing the anticipated upside. 5. Central Depository Services (India) Ltd (CDSL)—Dongre recommends buying CDSL at around ₹ 1478, keeping stop loss at ₹ 1450 for a target price of ₹ 1540 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1478 and maintaining strong support at ₹ 1450. The technical setup indicates the potential for a price retracement towards the ₹ 1540 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 ₹ 1450 offers a prudent approach to capturing the anticipated upside. 6. TVS Motor Company Ltd-Koothupalakkal recommends buying TVS MOTOR at around ₹ 2858 for a target price of ₹ 2970, keeping stop loss at around ₹ 2500. The stock has indicated a decent pickup from the important 50EMA at the ₹ 2800 level, improving the bias and anticipating a further rise in the coming sessions. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with decent upside potential visible to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock. 7. Genus Power Infrastructures Ltd-Koothupalakkal recommends buying GENUS POWER INFRA at around ₹ 363.85 for a target price of ₹ 382, keeping the stop loss at around ₹ 355 The stock has witnessed a significant pullback from the important 200-period MA at the ₹ 350 level 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 a further rise, and with the chart technically looking good, we suggest buying the stock. 8. Waaree Energies Ltd-Koothupalakkal recommends buying WAAREE ENERGIES at around ₹ 3104, keeping a target price of ₹ 3250. keeping Stop loss at ₹ 3045 The stock has taken support near the important 50EMA zone at the ₹ 2995 level and has picked up significantly with a bullish candle formation on the daily chart to improve the bias, and we can expect further gains in the coming sessions. The RSI is well positioned 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 for an upside target of ₹ 3250, keeping the stop loss at the ₹ 3045 level. 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
31-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Thursday
Stock Market Today: The Nifty-50 Index, at 24,855.05, ended 0.14% higher on Wednesday amid mixed cues. The Bank Nifty, at 56,150.70, ended 0.13% lower, and Realty. IT and Auto were among the key losers. Only FMCG ended with some gains, and pharma indices were flat. In the broader markets, small caps ended with half a per cent cut, while mid-caps ended nearly flat. Looking ahead for the Nifty-50 index, the recent swing low of 24598 is anticipated to serve as a support level, while 24934 and 25000 are expected to offer short-term resistance to the index, as per Nandish Shah - Deputy Vice President, HDFC Securities. For Bank Nifty, the 55,500–55,000 region emerges as a critical support cluster, as per Bajaj Broking The domestic market ended the session marginally positive after a range-bound trade, despite ongoing uncertainty around the delayed India-US trade agreement and mixed earnings. The investors turned more stock/sector specific based on the Q1 results; the industrial segment gained momentum after robust earnings from L&T. The auto sector underperformed, largely due to tariff-related pressures. Investors are now focusing on the US Fed's policy meeting, as its stance on rates and inflation could shape global sentiment." as per Vinod Nair, Head of Research, Geojit Investments Limited. 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: HDFC Asset Management Company Ltd, Coromandel International Ltd., Tata Motors Ltd., Indus Towers Ltd., Garden Reach Shipbuilders & Engineers Ltd., Maruti Suzuki India Ltd., and Heritage Foods Ltd. HDFC Asset Management Company Ltd-Bagadia recommends buying HDFCAMC at around ₹ 5670, keeping Stoploss t ₹ 5471 for a target price of ₹ 6067 HDFCAMC is currently trading at ₹ 5670, displaying a clear uptrend in its daily chart, with sustained higher highs and higher lows since April 2025. The stock recently broke out of its consolidation zone and has formed a new all-time high at 5695, indicating strong bullish momentum. The chart suggests a breakout pattern from a rectangular consolidation, followed by robust upward price movement. The increased volume during the rally confirms the presence of significant buying pressure fueling the uptrend. 2. Coromandel International Ltd—Bagadia recommends buying COROMANDEL at around ₹ 2652.70, keeping stop loss at ₹ 2559 for a target price of ₹ 2838 COROMANDEL is currently trading at 2652.7 and continues to exhibit a strong uptrend, as indicated by the steep rise in price and large green candlesticks. The breakout moves seen in the recent candlesticks point to a bullish continuation pattern, potentially resembling a rectangle breakout or a consolidation range breakout. The substantial rise in trading volume (1.52M) on the breakout day further confirms significant buying pressure. 3. Tata Motors Ltd—Dongre recommends buying TATAMOTORS at around ₹ 668, keeping Stoploss at ₹ 658, for target price of ₹ 694. Stock has been holding a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 668 and maintaining strong support at ₹ 658. The technical setup indicates the potential for a price retracement towards the ₹ 694 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 ₹ 658 offers a prudent approach to capturing the anticipated upside. 4. Indus Towers Ltd.—Dongre recommends buying INDUSTOWER at around ₹ 3822, keeping stop loss at ₹ 375 for a target price of ₹ 395 Stock has been holding a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 382 and maintaining strong support at ₹ 375. The technical setup indicates the potential for a price retracement towards the ₹ 395 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 ₹ 375 offers a prudent approach to capturing the anticipated upside. 5. Godrej Properties Ltd—Dongre recommends buying GODREJPROP at around ₹ 2129, keeping Stoploss at ₹ 2060 for a target price of ₹ 2200. 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 ₹ 2129 and holding above a key support level at ₹ 2060. 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 ₹ 2060 to manage downside risk. The target for this trade is set at ₹ 2200, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Garden Reach Shipbuilders & Engineers Ltd - Koothupalakkal recommends buying GRSE at around ₹ 2555 for a target price of ₹ 2690, keeping Stop loss at ₹ 2500 The stock has witnessed a decent erosion from the peak level of ₹ 3540 and has shown signs of a pullback with a positive trend reversal indication with bias improving and the RSI indicating a buy signal from the oversold zone. With the chart technically looking attractive, we suggest buying the stock . 7. Maruti Suzuki India Ltd - Koothupalakkal recommends buying MARUTI at around ₹ 12618 for a target price of ₹ 13100. keeping loss at ₹ 12400 The stock maintaining a strong base near the ₹ 12300 zone has indicated a significant pickup to move past the important 50EMA zone at 12475 level to improve the bias, and we expect a further rise in the coming sessions. The RSI has been consolidating and is currently well placed, with much upside potential visible from the current rate. With the chart technically looking attractive, we suggest buying the stock. 8. Heritage Foods Ltd-Koothupalakkal recommends buying HERITAGE FOODS. at around ₹ 475 for a target price of ₹ 510, keeping Stop loss: at ₹ 464 The stock has overall witnessed a rising trend with a series of higher bottom formations on the daily chart, with the current support near the 50EMA at 460 level indicating a pullback with a positive candle to improve the bias, and we can anticipate a further rise in the coming sessions. The RSI is well positioned and has indicated a positive trend reversal to signal a buy 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.
Mint
11-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Friday — 11 July 2025
Stock Market Today: The Nifty-50 Index ended 0.47% lower at 25,355.25 on Thursday amid caution ahead of Q1 results and tariff-related concerns. Bank Nifty at 56,956.00 also ended 0.45% lower, while IT, FMCG, and Pharma were other key index losers, though Metals and Realty managed to gain. The broader indices ended around 0.3% lower. In the short term, the trend for Nifty is likely to remain weak, which could lead to further downside. On the lower end, support is placed at 25,250–25,200, while on the higher end, resistance levels are seen at 25,400 and 25,500." as per Rupak De, Senior Technical Analyst at LKP Securities. The Bank Nifty index is showing resilience above the 20-day simple moving average (SMA), which is acting as dynamic support near 56,500, as per Reliance Securities. Indian equities concluded the day in the red, weighed down by weakness in IT stocks ahead of TCS's Q1 results. Investor sentiment remains cautious ahead of the Q1 results in anticipation of a muted start to the season from the IT and finance sectors, said Vinod Nair, Head of Research, Geojit Investments Limited. However, the recent consolidation in the IT stocks largely factors in the muted outlook, limiting further worries, added Nair. The mid- and small-caps had limited negative action, reflecting a wait-and-watch approach amid rising expectations of a better earnings outlook compared to large caps, said Nair. The market is likely to consolidate in the near term, tracking progress on India–US trade talks, feel other experts. 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: FSN E-Commerce Ventures Ltd (NYKAA), Glenmark Pharmaceuticals Ltd, SBI Life Insurance Company Ltd, ICICI Prudential Life Insurance Company Ltd, BF Utilities Ltd, Hubtown Ltd, and Paramount Communications Ltd. FSN E-Commerce Ventures Ltd (NYKAA): Bagadia recommends buying FSN E-Commerce Ventures, or NYKAA, at around ₹ 217.14, keeping the stop loss at ₹ 209 for a target price of ₹ 235 NYKAA is currently trading at 217.14 and continues to display strong bullish momentum on the daily chart. The stock has recently broken out of a consolidation phase, establishing a higher high and higher low formation, which is indicative of a continued uptrend. This breakout has been supported by increasing volumes, reflecting strong buying interest and participation. The price action has convincingly moved above previous swing highs, turning former resistance levels into support. Furthermore, the stock is trading well above all major exponential moving averages. 2. Glenmark Pharmaceuticals Ltd—Bagadia recommends buying GLENMARK at around ₹ 1904, keeping Stop Loss at ₹ 1837 for a target price of ₹ 2040 GLENMARK is currently trading at 1904 and has recently reached a new all-time high at 1920, 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. The price remains well-supported above its 20, 50, 100, and 200-day Exponential Moving Averages, all of which are sloping upwards. 3. SBI Life Insurance Company Ltd—Dongre recommends buying SBILIFE at around ₹ 1810, keeping stop loss at ₹ 1775 for a target price of ₹ 1875 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1810 and maintaining strong support at ₹ 1775. The technical setup indicates the potential for a price retracement towards the ₹ 1875 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 ₹ 1775 offers a prudent approach to capturing the anticipated upside. 4. NHPC Ltd- Dongre recommends buying NHPC at around ₹ 87, keeping Stoploss at ₹ 83 for a target price of ₹ 92 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 87 and maintaining a strong support at ₹ 83 The technical setup indicates the potential for a price retracement towards the ₹ 92 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 ₹ 83 offers a prudent approach to capturing the anticipated upside. 5. ICICI Prudential Life Insurance Company Ltd—Dongre recommends buying ICICIPRULI at around ₹ 673, keeping stop loss at ₹ 652 for a target price of ₹ 695. 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 ₹ 673 and holding above a key support level at ₹ 652. 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 ₹ 652 to manage downside risk. The target for this trade is set at ₹ 695, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. BF Utilities Ltd—Koothupalakkal recommends buying BF UTILITIES at around ₹ 851.95 for a target price of ₹ 890, keeping the stop loss at ₹ 835 The stock, after a short period of consolidation, has started gaining strength, with bullish candle formation visible on the daily chart. Currently moving past the significant 200-period MA at the ₹ 828 level has improved the bias, and we can anticipate a further rise in the coming sessions. The volume participation has been on the rise, and with the RSI gaining strength with a steady rise, it signaled a buy, and with much upside potential visible from the current rate, we can expect further gains. With the chart looking good, we suggest buying the stock. 7. Hubtown Ltd—Koothupalakkal recommends buying HUBTOWN at ₹ 299.35 for a target price of ₹ 314, keeping Stop loss: at ₹ 293 The stock has witnessed a strong, consistent upward move in recent times, gathering strength and moving past the important 200-period MA at the ₹ 242 level, and currently, with the undertone maintained strong and with decent volume participation visible, we anticipate a further rise in the coming sessions. The RSI has indicated tremendous strength and can carry on with the positive move further ahead in the coming sessions. With much upside potential visible and the chart technically looking good, we suggest buying the stock for an upside target of 314, keeping the stop loss at the 293 level. 8. Paramount Communications Ltd-Koothupalakkal recommends buying Paramount Communications or PARAMOUNT CABLES at ₹ 60.87 for a target price of ₹ 65, keeping Stoploss at ₹ 59 The stock has recently indicated a gradual rise to improve the bias moving past the important 50EMA zone at the ₹ 55 level, and currently with a positive bullish candle, it has further shown strength to carry on with the positive move further ahead. The RSI has been on the rise, picking up strength, and with the chart setup technically looking attractive, 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
03-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Five stocks to buy or sell Thursday—3 July 2025
Stock Market Today: Amid weak global cues and as concerns around US trade policies continue, the benchmark Nifty-50 Index ended 0.35% lower at 25,453.40. The Bank Nifty lost 0.80% to end at 56,999.20, while realty was also under pressure, though metals, pharma, and auto sectors were among key gainers. The broader indices also ended slightly lower. As long as the Nifty is trading below 25,500, the weak sentiment is likely to continue, and the market could retest the level of 25,300 and 25,225 thereafter. If the market rises above 25,500, it could bounce back up to 25,600–25,670, as per Shrikant Chouhan, Head Equity Research, Kotak Securities. For Bank Nifty, structural support is placed in the 56,000–55,500 region, as per Bajaj Broking. Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution. Market attention is gradually shifting to crucial Q1 earnings, which have high expectations, said Vinod Nair, Head of Research, Geojit Investments Limited Underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. However, being at the breach level of the recent rally, a cautiousness is expected to continue in the near term, added Nair Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today while Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, has given three stock picks. These include Tata Steel Ltd., Aurobindo Pharma Ltd., HBL Engineering Ltd., Inox Green Energy Services Ltd., and Can Fin Homes Ltd. 1. Tata Steel—Bagadia recommends buying TATASTEEL at around ₹ 165.88, keeping stop-loss at ₹ 160 for a target price of ₹ 178 TATA Steel is currently trading at ₹ 165.88, demonstrating a strong uptrend following a sharp reversal from its recent lows. The stock has convincingly breached its previous resistance at ₹ 165, backed by solid price action and rising volumes. This breakout signals a shift in momentum, as the price structure now forms a series of higher highs and higher lows—an indication of a sustained bullish reversal. 2. Aurobindo Pharma Ltd.—Bagadia recommends buying AUROPHARMA at around ₹ 1158, keeping Stoploss at around ₹ 1117 for a target price of ₹ 1240 AUROPHARMA is currently trading at ₹ 1158, having recently rebounded from a key support zone. The stock has broken out of a falling trendline on the daily timeframe while forming a Morning Star candlestick pattern, which is an early signal of potential trend reversal. This bullish breakout is further validated by rising trading volumes, indicating renewed buying interest and strengthening market sentiment 3. HBL Engineering Ltd.—Koothupalakkal recommends buying HBL ENGINEERING at around ₹ 626.85 for a target price of ₹ 657, keeping Stop loss at ₹ 612 The stock has indicated an ascending trend with a series of higher bottom formation patterns on the daily chart, taking support near the confluence of the 200-period MA and 50-EMA level at the ₹ 560 zone, improving the bias and anticipation for further upward movement in the coming sessions. The RSI is well placed with strength indicated, signaling a buy with much upside potential from the current rate to carry on with the positive move further ahead. 4. Inox Green Energy Services Ltd.-Koothupalakkal recommends buying INOX GREEN at around ₹ 156.35 for a Target price of ₹ 166, keeping Stop loss at ₹ 152 The stock has recently witnessed a decent correction, and thereafter, with consolidation for a short period, it has shown signs of improvement with a positive candle formation to anticipate for further rise in the coming sessions. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with much upside potential visible from the current rate. With the chart technically looking good, we suggest buying the stock for an upside target of 166 level keeping the stop loss of 152 level. 5. Can Fin Homes Ltd.—Koothupalakkal recommends buying CANFIN HOMES at around ₹ 809 for a target price of ₹ 850, keeping Stop loss at ₹ 792 The stock has sustained above the important 50EMA level for quite some time with a rising trend visible, recently once again indicating a higher bottom formation taking support near the confluence of the 200-period MA and 50EMA at the ₹ 755 zone and witnessing a decent pullback with a bullish candle formation has improved the bias, and we can anticipate further rise. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 850, keeping the stop loss at the ₹ 792 level. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
01-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell Tuesday—1 July 2025
Stock Market Today: The benchmark Nifty-50 Index started the new week on a soft note, ending at 25,517.05, down 0.47% on Monday. The Bank Nifty at 57,312.75 was also 0.23% lower, while Realty and Auto were the other key losers. The pharma and IT, however, managed to end higher, as did the broader indices, which posted gains of over half a percent each. The short-term trend for Nifty is likely to remain sideways before any decisive directional move. On the downside, a decisive fall below 25,500 could trigger a correction. On the upside, resistance is placed at 25,600 and 25,800, as per Rupak De, Senior Technical Analyst at LKP Securities. The Bank Nifty index is currently perched above its immediate support zone of 57,000–56,800, as per Bajaj Broking. Looking ahead, investors will closely monitor comments from the US Fed Chair for further cues. Markets are likely to remain firm, supported by strong institutional flows and policy support, said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Attention will also shift to Q1 business updates, which are expected to begin this week. Tractor companies like M&M and Escorts may be in focus ahead of monthly Auto Sales data, aided by a strong start to the monsoon season, added Khemka Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, has given three stock picks. These include Tamilnadu Petroproducts Ltd., Deepak Fertilisers & Petrochemicals Corporation Ltd., Life Insurance Corporation of India (LIC), Bharat Forge Ltd., ICICI Prudential Life Insurance Company Ltd., Himatsingka Seide Ltd., Ideaforge Technology Ltd., and Finolex Cables Ltd. Tamilnadu Petroproducts Ltd.—Bagadia recommends buying Tamilnadu Petroproducts, or TNPETRO, at around ₹ 102.94, keeping Stoploss at ₹ 99 for a target price of ₹ 110 TNPETRO, which is currently trading at ₹ 102.94, has shown a remarkable breakout in recent sessions. 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. 2. Deepak Fertilisers & Petrochemicals Corporation Ltd.-Bagadia recommends buying Deepak Fertilisers or DEEPAKFERT at around ₹ 1707.4, keeping Stoploss at ₹ 1650 for a target price of ₹ 1818 DEEPAKFERT continued its sharp upward momentum in Monday's session, currently trading at an all-time high of 1725 levels. DEEPAKFERT marking yet another bullish session. The stock is clearly showcasing strength with persistent buying interest across both institutional and retail categories. The breakout above ₹ 1616 was significant from a psychological and technical standpoint. 3. Life Insurance Corporation of India—Dongre recommends buying LIC at around ₹ 973, keeping Stoploss at ₹ 945 for a target price of ₹ 1000 Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 973 and maintaining strong support at ₹ 945. The technical setup indicates the potential for a price retracement towards the ₹ 1000 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 ₹ 945 offers a prudent approach to capturing the anticipated upside. 4. Bharat Forge Ltd.—Dongre recommends buying Bharat Forge, or BHARATFORG, at around ₹ 1310 , keeping Stoploss ₹ 1285, for a target price of ₹ 1345 Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1310 and maintaining strong support at ₹ 1285. The technical setup indicates the potential for a price retracement towards the ₹ 1345 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 ₹ 1285 offers a prudent approach to capturing the anticipated upside. 5. ICICI Prudential Life Insurance Company Ltd.—Dongre recommends buying ICICIPRULI at ₹ 658, keeping Stoploss at ₹ 642 for a target price of 685. 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 ₹ 658 and holding above a key support level at ₹ 642. 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 ₹ 642 to manage downside risk. The target for this trade is set at ₹ 685, 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 HIMATSINGKA SEIDE at around ₹ 154.50 for a target price of ₹ 165, keeping Stop loss at ₹ 151 The stock, after taking support near the previous bottom zone at the ₹ 136 level, has indicated a decent pullback to move past the important 50EMA at the 150 level to improve the bias, and currently, with a bullish candle formation on the daily chart, we can anticipate a further rise in the coming sessions. The RSI is on the rise with a positive trend reversal indicated and signaling a buy. 7. Ideaforge Technology Ltd.—Koothupalakkal recommends buying IDEA FORGE at around ₹ 592 for a target of ₹ 630, keeping Stop loss at ₹ 580 The stock has indicated a rising trend with a series of higher bottom and higher top formations on the daily chart, and currently, once again, it is showing signs of improvement, taking support near the ₹ 583 zone to indicate a revival and anticipate a further rise in the coming sessions. The RSI has cooled off from the overbought zone and currently is well positioned with much upside potential visible from the current rate. 8. Finolex Cables Ltd.—Koothupalakkal recommends buying FINOLEX CABLES at around ₹ 979.60 for a target price of ₹ 1025, keeping the stop loss at ₹ 960 The stock has indicated a higher bottom formation on the daily chart, taking support near the 100-period MA at the ₹ 915 level, and with a decent pullback witnessed, it has improved the bias to anticipate a further upward move in the coming sessions. The RSI is well placed with strength indicated, signalling a buy with much upside potential from the current rate to carry on with the positive move further ahead. With the chart looking good, we suggest buying the stock. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
