JSW Infra to Crompton Consumer- Vinay Rajani of HDFC Sec Sugges These 3 Stocks to Buy in the Near-Term

Stock Market Today: Indian Stocks Commenced The Week on a Positive Note on Monday, Buoyed by Encouring Us Employment Figures and Indications of Advancements in Us-India TRADE Negotiations, Along Withe Significant Monetary Policy Actions from the Central Bank.

As of 13:11 IST, the nifty 50 had Risen by 0.43% to Reach 25,110. 40, While The Sensex Saw An Increase of 0.35%, Climbing to 82,474.86.

Market analysts sugges that Indian stocks are expected to stay optimistic through the day. This Robust Momentum is being fuled not only by the RBI’s Interest Rate Reductions and Liquidity Initiatives but also by favorable signals from internal markets.

Vinay Rajani of HDFC Securities Recommends JSW Infrastructure Ltd, JK Tire & Industries Ltd, and Crompton Greaves Consumer Electricals Ltd. Check out his overall market views.

Market Views – Vinay Rajani, Senior Technical and Derivative Analyst, HDFC Securities

Nifty 50

Nifty 50 has finally broken out from the consolidation zone of 24,500-25,100. Broader markets have been showing strength and took the lead in this uptrend of the market. Nifty 50 is not headed towards the next resistance zone of 25,640-25,740, which happy to be unfilled down gap formed on 3 RD October 2024.

Nifty Bank, Financial Services, Realty, Sector have been outperforming, and the rally is further fuled by rbi policy announs of repo rate and crr cut last week. At present, 55% of the stocks of NSE500 are trading about their 200 dma. This reading was as low as 10% in the month of February 2025. Reading at Least Towards 65% to 70%. The current reading of 55% is still below the history average and therefore we expect the broader market to improve further from here.

We expect markets to remain strong, and nifty 50 is expected to extend the rally from here. It is advisable to hold nifty longs for the UPSIDE TARGETS of 25,640-25,740, with the stoploss of 24,845.

Technical Picks: Stocks to buy in the Near-Term

Vinay Rajani of HDFC Securities recommends these three stocks in the Near Term – JSW Infrastructure Ltd, JK Tyre & Industries Ltd, and Crompton Greaves Consumer Electricals Ltd.

Buy jsw infra ( 310) | Target 350 | Stop-Loss 279

JSW Infra Share Price Has Broken out from Symmetrical triangle pattern on the weekly chart. JSW Infra Share Price Rise Was Accompanied by a Jump in Volumes. Stock price has been sustaining Above 50 Dema and 200 Dema. Weekly RSI has reacted Above 50, indicating a sustainable up trend. Weekly Macd is now placed Above Signal and Equilibrium Line.

Buy jk tyre ( 375): | Target 400 | Stop-Loss 355

JK Tire Share Price Has Broken Out from Downward Sloping Trend Line on the Daily Chart. Tire stocks are looking strong on positional charts. Stock is placed above all key moving average. After running correction, stock seems to have resumed its uptrend.

Buy Crompton Consumer ( 353): | Target Rs. 380,391 | Stop-Loss 333

On Week Ended 16 Th May 2025, Crompton Consumer Share Price Broke Out from Downward Sloping Trend Line on the Weekly Chart. Price Rise Was Accompanied by a Jump in Volumes. Stock price has been sustaining about 50 dema resistance. Weekly RSI has reacted Above 50, indicating a sustainable up trend. Weekly Macd is now placed Above Signal Line.

Disclaimer: The views and recommendations about individual analysts, experts and broking companies, not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decision.