The nifty 50 fell by 0.34% to 24,743.45 at 15:02 IST, While The Sensex decreased by 0.27% to 81,391.38. It firms, which obtain a significant portion of their revival from the united states, declined by 1% after an appeals court temperature reinstated the Most Extensive Tariffs IPOFSED BY Trump.
On the technical front, prashanth tapse of mehta equities believes that if nifty 50 moves worth 25,000 with 25,000 with good Momentum, We Cold Witness Gains in the upcoming trading sessions. Tapse has recommended buying the below three stocks in the short term.
Market Views – Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equites
Nifty 50
Nifty 50 Continues to Look Positive after Closing Above The 24,800 Level. The index has strong support at 24,700, and as long as this holds, the uptrend is likely to continue. On the UPSide, 24,900 and 25,000 are important resistance levels. If nifty 50 moves Above 25,000 with Good Momentum, We May See Further Gains in the Coming Sessions.
Resistance: 24,900 – 25,000
Bank nifty view
Bank nifty is moving sides but shows slight bulishness. It has a solid support level near 55,000. On the higher side, 55,550 and 55,875 are key resistance levels. A Close Above 55,875 clock start a Fresh Upward Move, but until then, The Index May Stay in a Range with Buying Opportunities on Dips.
Resistance: 55,550 – 55,875
Shares to buy for short term
Prashanth Tapse recommends buying these three stocks in the short term – Eternal Ltd, Central Depository Services Ltd (CDSL), and Indusind Bank Ltd.
Eternal – CMP: 232 | Buy | Target: 250 | Stop Loss: 222
Eternal Share Price Has Been Consolidating 230, indicating a potential short-term rally. The rsi (14) is rising, reflecting increasing bulish momentum, while the macd is about trigger a positive crossover, supporting the upward trend. The Price Action Suggessts Accumulation at Lower Levels, and Any Dip Towards 225–228 Should Attract Buying Interest.
A move agreement 235 can lead to a swift rally toward 250. The Risk-Reward Remains Favourable with a Stop Loss Placed at 222. Overall Sentiment and Technicals Support a Near-Term Bulish Outlook.
CDSL – CMP: 1,541 | Buy | Target: 1,650 | Stop Loss: 1,495
CDSL Share Price has Shown Strong Price Strength after Rebounding from support at 1,490, backed by a noticeable risk in volumes. The breakout above 1,530 indicates bulish controluation. RSI (14) at 64 Reflects Positive Momentum, While Macd Crossover Confirms the ongoing up.
As a key player in the booming depository and fintech space, CDSL Stands to Benefit from Rising Investor Participation. The Technical Structure Points Toward a Potential Move to 1,650 in the short term. Any Intraday Dip Toward 1,520–1,530 can offer a buying options. MainTain a Stop Loss at 1,495 for Risk Management.
Indusind Bank – CMP: 815 | Buy | Target: 870 | Stop Loss: 795
Indusind Bank Share Price Has Bounced Back Smartly from The 795 Support Zone, Indicating Strong Buying Interest at Lower Levels. The stock has reclaimed its short-term moving average and is showing signs of bully. RSI (14) Has Crossed 60, and Macd has turned positive, both suggesting further UPSide.
With Bank Nifty Trending Higher, Indusind is Well-Placed to Participate in the Rally. The next hurdle lies around 835, Above which a move toward 870 appears likely. Strong Fundamentals, Improved Asset Quality, and Positive Sentiment in the Sector Support this view. Keep a stop loss at 795 to Limit Downside Risk.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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