Stock Market Today: Trade Setup for Nifty 50, Israel-Airan War to Us Fed Meeting; Eight stocks to buy or sell on Thursday

Stock market today: Amidst Ongoing Market Consolidation, The Benchmark Nifty-50 Index Ended 0.17% Lower at 24,812.05 on Wednsday. The bank nifty, at 55,828.75, however, Gained 0.21%. The Auto and Consumer Durables Indices also Gained 0.21%, as Did the It, Metals, and FMCG indices, thought most others ended lower. The broader indices also Saw Pressure as Mid- And Small Caps Ended 0.23-0.46% lower.

Trade Setup for Chiursday

As long as the nifty is trading below 24,800, the weak syntiment is likely to continue, and 24,725 would be the immediative support zone for traders. Below this, The Market Cold Slip to 24,500, While Above 24,900, The Sentiment Cold Change, and it could rally up to 25,000-25,100, as per shrikant chouhan, head equity research, kotak secondies.

Going ahead, only a sustained close Above The 56,000 mark by bank nifty even could Pave the way for further UPSIDE of the indices, as per bajaj brooking.

Global markets and israel -ran war

“The domestic market failed to maintain the opening gains as the continuing tensions in the middle East & Volatily in Oil Pries Dragged Down the Overall Signment. Expectations of a demand revival, said Vinod Nair, Head of Research, Geojit Investments Limited.

With the supportable base of the domestic macros, the long-term outlook remains intact, and investors are likely to be focused on high-QAP Stocks UNTIL Greater Clarity Emerges. Investors will keep an eye on the us fed policy outcome; The Prospect of Higher Inflation due to the tariff threat has lead the fomc to keep the rates unchanged, added nair.

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 au small finance bank ltd., Author Investment & Infrastructure Ltd., Bharat Forge Ltd., CESC Ltd., Cummins India Ltd., Vedant Fashions Ltd. (Manyavar), Acme Solar Holdings Ltd., and Swiggy Ltd. ,

Sumeet Bagadia’s Stock Picks

1. AU Small Finance Bank Ltd.—Bagadia recommends buying au small finance bank or aubank at Around 794.5, Keeping Stoploss at 766 for a target price of 850

Aubank is currently trading at 794.5, MainTaining a Strong Upward Trajectory. The stock has consistently formed Higher HIGHS and Higher Lows, Reflecting Sustained Bulish Momentum. It recently reacted a 52-wheek high of 798.5, with a key resistance level Around 813. The exponitive moving average (EMAs) for the 20, 50, 100, and 200-day periods are all trending upwards, reinforcing the bullish outlook.

2. Author Investment & Infrastructure Ltd (AIIL)—Bagadia recommends buying authum investment & infrastructure, or AIIL, at Around 2541.1, Keeping Stoploss at 2450 for a target price of 2750

AIIL is Trading at 2541.1 and Continues to Exhibit Strong Bulling Momentum, as reflected by its steadily rising price structure and consistent upwarding pattern. The stock recently approved its all-time high of 2590, and a breakout above this significant level count trigger renewed Buying Interest and FURTER Upside Potential. Supporting the strength of the trend, the 20, 50, 100, 200-day exponical moving averages are all trending upwards, highlighting solid demand and positive Sentiments Various Timeframes.

Ganesh Dongre’s Stocks to Buy Today

3. Bharat forge Ltd.—Dongre recommends buy Bharatforg at Around 1295, Keeping Stoploss at 1275 for a target price of 1330.

Stock has exhibited a strong, notable, continuing bulish pattern, offering another promising opoportunity for short-term traders. The stock is currently priced at 1295 and mainTaining strong support at 1275. The technical setup indicates the potential for a price retracement towards the 1330 Level. With the stock reveresing from a support base and showing signs of renewed strength, entering at the current market price with a stop-level 1275 offers a prudent approach to capturing the anticipated upside.

4. CESC Ltd.—Dongre recommends buying cesc at Around 164, Keeping Stop-Loss at 160 for a target price of 173

Stock has exhibited a strong, notable, continuing bulish pattern, offering another promising opoportunity for short-term traders. The stock is currently priced at 164 and mainTaining strong support at 160. The technical setup indicates the potential for a price retracement towards the 173 Level. With the stock reveresing from a support base and showing signs of renewed strength, entering at the current market price with a stop-level 160 offers a prudent approach to capturing the anticipated upside.

5. Cummins India Ltd.—Dongre recommends buying cumminsind atha 3277, keeping stoploss at 3220 for a target price of 3400.

In the latest short-term technical analysis, the stock has shown a strong and consistent bulish trend, indicating the potential for an extended upward move. The stock is currently trading at 3277 and Holding Above a Key Support Level at 3220. This support zone services as a critical point for Risk Management. Given the Bulish Momentum, Traders are advised to consider a buying options with a stop-loss placed strategically at 3220 to manage downside risk. The target for this trade is set at 3400, suggesting a favorite Risk-to-Reward Ratio and a Continuation of the Prevailing Upward Trend.

Shiju koothupalakkal intraday stocks for today

6. Vedant Fashions Ltd (Manyavar) –Koothupalakkal recommends buying manyavar at Around 810 for a target price of 850, Keeping Stop-Loss at 792

The stock after the significant erosion has been in consolidation for quite some time, with current indications of a positive candle formation moving past the 50ma level at the 793 zone to improve the bias. The rsi is currently well positioned and has indicated a positive trend reveresal to signal a buy with much upside potential visible from the current rate. With the chart technically well positioned, we sugges boying the stock for an upside target of 850 Level, keeping the stop loss at the 792 Level.

7. Acme Solar Holdings Ltd.—Koothupalakkal recommends Buying Accme Solar Holdings at Around 253.75 for a target price of 267, Keeping Stop Loss at 247

The stock has recently witnessed a Decent Rally, and after a short period of correction, it has indicated a higher bottom formation with a decision pullback from Near the 50ma Level at 235 to improve the bias and anticipate a further Rise in the Coming Sessions. The rsi has corrected from the overbough zone, and currently it has once again signaled a buy to expect further upward movement.

8. Swiggy Ltd.—Koothupalakkal recommends buying swiggy at Around 365 for a target price of 384, keeping stop loss at 357

The stock has indicated a Decent Recovery from The Low Made Near The 304 Level, and currently, with a flag pattern breakout, it has indicated a bullish candle acompanied by Decent Volume Participation to anticipate a furter Rise in the Coming Sessions. The rsi has gained strength and has much upside potential to carry on with the positive move further ahead.

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.