Stock Market Today: Trade Setup for Nifty 50 to Global Markets; Eight stocks to buy or sell on Thursday – 29 May 2025

Stock market today: The Benchmark Nifty-50 Index Ended Another Volatile Session with a Negative Bias on Wednsday, Down 0.3% at 24,752.45. The bank nifty, however, gained 0.12%, helped by gains in psu banks, thought most other sector, LED by FMCG, Healthcare, Ended Lower. In the broader indices, while the mid-cap index was flat, the small-cap index ended slightly higher.

Trade Setup for Chiursday

For the day of monthly expiry, 24600 is likely to act as a strong support where the 20-day ema is placed. On the UPSIDE, the 24900-25000 band would continue to offer resistance in the nifty, said nandish shah, Deputy Vice President, HDFC Security.

On the UPSIDE, Bank Nifty is Still Facing Resistance Near the 56,000 – 56,100 Zone, While The Support is Placed Near 54,830. As per hrishikesh yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmedates.

Global Markets and Q4 Results

The domestic indices remained Rangebound with a negative bias, primarily due to the lac of support from FIM FIS and Prevailing Premium Valuations. A lingering concerts over India-as trade relations following the end of the 90-day pause period continues to poses an external risk. On the domestic front, key economy indicators However, Earnings Visibility Needs to Improve in Tandem with the Macros, which is vital for stability in the direction, as per vinod nair, head of research, geojit Investments Limited.

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 – Technical Research, Technical Research, At Prabhudas Lilladher has given throughr Stock picks.

These include force motors ltd, astra microwave products ltd, srf ltd, cummins India ltd, icici prudential life insurance company ltd, td power sysstems ltd, td power And Indraprastha Gas Ltd.

Sumeet Bagadia’s Stock Picks

1.Force Motors Ltd – Bagadia recommends buying force motors or forcemot at Around 11764 Keeping Stoploss at Around 11350 for a target price of 12550.

Forcemot, is currently trading at 11764, exhibits a strong uptRend and bullyn breakout on the daily chart, supported by its consistent position about possession Above Key Expositions Average (Emas). Recent price action indicates a consolidation phase following a notable rally, with the stock mainTaining levels near the 20-day ema. The reclaim of the 20-day ema is especially notworthy, as it often signs a shift from bearish to bullish Sentiment.

2. Astra Microwave Products Ltd – Bagadia recommends buying Astra Microwave Products or Astramicro at Around 1163.7 Keeping Stoploss at 1122 for a target price of 1240.

Astramicro has delivered an impressive up move, currently trading at all-time high of 1184.9 Levels. This surge in the stock continue to deliverd a strong bulish momentum supported by steadily rising volumes and improvement technical structure. The recent breakout Above the Crucial Resistance at 1100 Levels is a Significant Technical Development. The stock closing near the day’s high and the breakthrough suove the psychologically important 1100 mark, sugges the continuation of this Momentum.

Ganesh Dongre’s Stocks to Buy Today

3. SRF Ltd – Dongre recommends buying SRF at Around 2900 Keeping Stop Loss at Around 2840 for a target price of 3100.

In the recent short-term trend analysis of the stock, a notable bulish reveresal pattern has emerged. This Technical Pattern Suggessts The Possibility of a Temporary retracement in the stock’s price, potentially Reaching Around Rs. 3100. At present, the stock is maintaining a Crucial Support Level at Rs.2840. Given the current market price of Rs.2900, a buying options is emerging. This sugges that investors might consider the stock at its current price, anticipating a risk towards the identified target of Rs. 3100.

4. Cummins India Ltd– Dongre recommends buying cummins India or cumminsind at Around 2975 Keeping Stoploss at 2935 for a target price of 3100

We have seen a major support in this stock Around Rs. 2935 So, at the current Juncture, The Stock Has Again Seen A Reversal Price Action Formation at the rs.2975 price level, which may continue its rally till its nextStance level of RS. 3100 so traders can buy and hold this stock with a stop loss of Rs. 2935 for the target price of Rs.3100 in the upcoming weeks.

5. ICICI Prudential Life Insurance Company Ltd – Dongre recommends buying icici prudential life or icicipriuli at Around 658 Keeping Stoploss at 640 for a target price of 695

In the recent short-term trend analysis of the stock, a notable bulish reveresal pattern has emerged. This technical pattern sugges that there could be a temporary retracement in the stock’s price, Possibly to Around Rs. 695 currently, the stock is holding a Crucial Support Level at Rs.640.

Given this Scenario, there is potential for the stock to rebound towards the q rs. 695 Level in the Near Future. Traders are advised to consider Taking a long position, with a strategic stop loss set at Rs.640 to manage risk effectively. The target price for this trade is Rs. 695, reflecting the anticipated upward movement based on the identified technical analysis.

Shiju koothupalakkal’s intraday stocks for today

6. TD Power Systems Ltd– Recommends Buying TD Power Systems or TD Power System At Around 489 for a target price of 520 Keeping Stop Loss at Around 480

The stock has indicated a higher bottom formation pattern on the daily chart taking support near 470 zone and currently has indicated a positive candle formation to improve the bias and anticipate for further risk in the coming sessions. The rsi is well positioned corrected from the highly overbough zone and has indicated a positive trend revered revered reveresal to signal a buy with much upside potential visible.

7. Tanla platforms Ltd – recommends buying tanla platforms or tanla at Around 609 for a target price of 640 Keeping Stop Loss at 595

The stock has indicated another fresh breakout after the consolidation period with a series of strong bullish bullish candle to strengthen the trend anticipating for further risk. The RSI is maintened strong and can carry on with the positive move further ahead. With the chart technically looking good, we sugges boying the stock for an upside target of 640 level keeping the stop loss of 595 Level.

8. Indraprastha Gas Ltd– recommends buying indraprastha gas ltd or igl at Around 213 for a target price of 224 Keeping Stop Loss at Around 208

The stock currently indicating a bulish candle formation on the daily chart has come out of the consolidation period to improve the bias and furter risk is anticipated in the coming sessions. The rsi has indicated a positive trend reveresal to signal a boy and has much upside potential to carry on with the positive move further ahead. With the chart technically well positioned, we sugges boying the stock for an upside target of 224 level keeping the stop loss of 208 Level.

Disclaimer: The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.