Stock Market Today: Trade Setup for Nifty 50, Global Markets to Israel-Airan News; Eight stocks to buy or sell on Friday

Stock Market Today: The Benchmark Nifty-50 Index Ended 0.08% Lower on Thursday at 24,793.25, as Consolidation in the Market Continues. While Bank Nifty at 55,577.45 Ended 0.45% Lower, Most Other Sector, LED by Metals, Realty, and Oil & Gas, Ended Lower. In the broader markets, deep cuts of up to 2% was seen by mid- and small-cap indices.

Trade setup for Friday

“The Nifty Witnessed A Lacklustre Expiry on the Nse, as the Index Remained Within A Narrow Range through the Session, Indicating Indecisiveness Ahead of Any Developmental Move. To Persist as long as the Index Remains Below 24,850.

As per bajaj broking, a sustained breakout and close about the 56,000 psychological mark are crucial for further UPSIDE for BANK NIFTY.

Global markets and israel -ran war

Indian Equites Exhibited Volativity as Markets Tracked Intensified Attacks Between Iran and Israel, Cautious Commentary from Us Fed, and the LOMINE FORMINE FOR LeOVY of Levy of Us ReciproCal Tarifs, SAID Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Overall, Khemka Expects the Market to Remain in Consolidation Mode, Following The Global Market Cues and Developments on the Geopolitical Front, Who Heightened Volatitiry in Case of Forest Escalation in the Israel-Airan conflict.

Stocks to buy today

Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, Sugged Three Stocks, While Shiju Koothupalakkal, Senior Manager, Senior Manager, Technical Research at Prabhudas Llladher, Has Given Three Stock picks.

These include wipro ltd, eicher motors ltd, axis bank ltd., federal bank ltd., tata chemicals ltd., sterlite technologies ltd., aegis logistics ltd., and MTAR Technologies Ltd.

Sumeet Bagadia’s Stock Picks

1. Wipro Ltd.—Bagadia recommends buy wipro at Around 265.60, Keeping Stoploss at 256 for a target price of 285

Wipro is currently trading at 265.60 and continues to exhibit strong bulish momentum, as reflected by its steadily rising price structure and consistent upwarding pattern. On the daily timeframe, the stock has fied a bullish candlestick and is nearing a breakout from its recent consolidation phase. A decisive movie Above the 270 Resistance Level would further validate the ongoing reveresal pattern and signal a potential continuation of the uptrend.

2. Eicher Motors Ltd.—Bagadia recommends buying eichermot at Around 5493.5, Keeping Stoploss at 5300 for a target price of 5880

Eichermot is currently trading at 5,493.5, having rebounded from a key support level. The stock has formed a bulish candlestick pattern on the daily timeframe and has successfully broken out of a consolidation zone, surpassing the major resistance level at 5,480. This breakout confirms a potential trend reveresal, further validated by a significant surge in trading volumes, indicating strong Buying Interest.

Ganesh Dongre’s Stocks to Buy Today

3. Axis Bank Ltd.—Dongre recommends buying axis bank at 1218, Keeping Stop-Loss at 1190 for a target price of 1250.

A short-term trend analysis of the stock reveals encouraging technical Signals that sugges a Potential Bully Bulish Reversal. On the short-term chart, a prominent bullish engulfing candlestick pattern has emerged, Signaling a shift in Momentum from Selling Pressure to Buying Interest. Adding strength to this view, the relevant strength index (rsi) has recently entered the oversold zone, indicating that the stock may be poised for a rebound from current Levels.

4. Federal Bank Ltd.-Dongre recommends buying federal bank or federalbnk at Around 203, Keeping Stoploss at 197 for a target price of 215

In the recent short-term trend analysis, the stock has shown signs of a potential bullish retracement, supported by emerging technical indicators. A Reversal Pattern on the Chart Sugges The Possibility of an Upward Move, with a Near-Term Target Around 215.5.

5. Tata chemicals Ltd.—Dongre recommends buying tata chemicals, or tatachem, at Around 910, keeping stoploss at 890 for a target price of 945.

A Recent Short-Term Analysis of the Stock Reveals the Emergence of a Bully Reversal Pattern on the Chart, Indicating a Possible Near-Term Price Rebound. This formation sugges the potential for a move towards the rs.945 level, supported by improving price action.

Shiju koothupalakkal intraday stocks for today

6. Sterlite Technologies Ltd.—Koothupalakkal recommends buying sterlite TECNOLOGIES AROND 107 for a target price of 116, Keeping a Stop Loss 104.

The stock, after witnessing the Decent spurt recently, has once again triggered a fresh round of momentum with huge Volume Participation Visible at the fag end of the session to anticipate Sessions. The stock has maintained Above The Important 200-Period Ma At the 102 Level, and with Positive Bias Sustained, We Can Expect Further Gains. With the chart technically looking strong, we sugges boying the stock for an upside target of 116, keeping the stop loss at the the 104 Level.

7. Aegis Logistics Ltd.—Koothupalakkal recommends buying aegis logistics at Around 800 for a target at 840, Keeping Stop Loss: 782

The stock has indicated a spurt with a bullish candle formation on the Daily Chart after the Consolidation Periodation 785 level and has improved the bias to expect further upward movement in the coming sessions. The rsi has indicated a positive trend reveresal to signal a boy after remainf for quite some time, and with much upside potential visible, it can carry on the positive movie With the chart technically looking atractive, we sugges boying the stock.

8. Mtar Technologies Ltd.—Koothupalakkal recommends buying mtar tech at Around 1719 for a target price of 1800, keeping stop loss at 1684

The stock has recently witnessed a Decent Pullback, with the Current Candle Once Again Indicating a Positive Bully Bully with Hugs Volume Participation Visible to Improve the Bias and Expect Furious Rise. The rsi has corrected from the overburgt zone and is currently well placed with UPSIDE POTHANE POTENEL Visible and will continue with the positive move in the coming sessions. With the chart looking good, we sugges boying the stock for an upside target of the 1800 Level.

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.