Trade Setup for Tuesday
For the nifty-50 index, 25,000 would act as a sacrosanct support zone and as long as the market is trading about this level, the uptred is likely to continue. On the higher side, it could move up to 25,350-25,400 while on the flip side, Falling below 25,000 would render the uptrend vulnerable, said shrikant chouhan, head equity resarches, Kotak Sacharities.
For the Bank Nifty Holding Above The 56,100–56,200 Breakout Zone Remains Critical Thought a Sustained Move Beyond 57,120 Cold Open The Path Toward 57,700-57,900, Said om Mehra, Said Om Mehra Analyst, Samco Securities.
Global Markets and Outlook
Financial stocks extended their rally in Indian markets, Driven by the RBI’s Supportive Aggressive Policy of Rate and CRR Cut. These actions have boosted investor confidence and are expected to enhance liquidity in the near to Medium Term, Especially in Midcaps.
The positive us jobs data and renewed optimism over us-china trade talks lifted global sentiments. Domestically even earcaves expressed Renewed Momentum LED by Fiis Inflows, said Vinod Nair, Head of Research, Geojit Investments Ltd.
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 Sudarshan Chemical Industries Ltd, Skipper Ltd, NHPC Ltd, Bharat Heavy Electricals Ltd, ICICI PRDENIAL LIFEE Insurance Company Ltd, Bank of Maharashtra, Bank of Maharashtra Seide Ltd and Sarda Energy & Minerals Ltd
Sumeet Bagadia’s Stock Picks
- Sudarshan Chemical Industries Ltd – Bagadia recommends buying Sudarshan Chemical Industries or Sudarschem at Around 1291.9 Keeping Stoploss at 1240 for a target price of 1380
Sudarschem is exhibiting strong bullish bulish momentum, currently trading at an all-time high of 1300 legs. Sudarschem surgged Nearly 8%, indicating firm buying interest through the session. Sudarschem has convincingly broken past a multi-month consolidation zone, decisively crossing its resistance zone around 1,234. The price action indicates strength, with candles exhibiting a strong bully and minimal upper wick – Suggesting boyers remained in control thoughts.
2. Skipper Ltd – Bagadia recommends buying skipper at Around 524.8 Keeping Stoploss at 505 for a target price of 560
Skipper is currently positioned at 524.8 levels, has shown robust upward Momentum. The stock’s showing an impressive turning on the charts, as the stock gears up for a fresh UPSide Rally Folling A Strong Breakout from its earlier congestion zone. After Spending Past Few Sessions in a Sideways to Corrective Phase, The Counter Has DECISIVELY CROSSED Over Multiple Critical Moving Average, Indicating Renewed Bullystum
Ganesh Dongre’s Stocks to Buy Today
3. NHPC Ltd- Dongre recommends buying nhpc at Around 90 Keeping Stoploss at 87 for a target price of 97
In the latest short-term Technical Analysis, Stock has shown a strong and consistent bully bullish trend, indicating the potential for an extended upward move. The stock is currently trading at 90 and Holding Above A Key Support Level at 87. 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 87 to manage downside risk. The target for this trade is set at 97, suggesting a favorite Risk-to-Reward Ratio and a Continuation of the Prevying Upward Trend.
4. Bharat Heavy Electricals Ltd or BHEL– Dongre recommends buying bhel at Around 258 Keeping Stoploss at 250 for a target price of 270
Stock has exhibited a strong notable control The stock is currently priced at 258 and mainTaining a strong support at 250. The technical setup indicates the potential for a price retracement towards the 270 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 250 offers a prudent approach to capturing the anticipated upside.
5. Icici prudential life insurance Company ltd or icicipruli – Dongre recommends buying iciciprouli at Around 638 Keeping Stoploss at 618 for a target price of 675.
Stock is currently trading at 638 and appears to be in bullish zone for short term. A Bullyst Reversal Pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at 618, which also acts as a key stop-loss for this trade. With bulish cues signaling a possible retracement towards the 675 target, this setup provides a favorite entry options for traders looking to capitalize on a technical rebound.
Shiju koothupalakkal’s intraday stocks for today
6. Bank of Maharashtra – Koothupalakkal recommends buying bank of maharashtra atha 56.85 for a target price of 62 Keeping Stop Loss at 55
The stock after recently witnessing a significant spurt has been consolidating for quite a white, with currently once against against indicating a bullish candle formation on the daily charts Volume Participation Visible to improve the bias and anticipate for further Rise in the coming sessions. The rsi has indicated strength and can carry on with the positive move further ahead. With the chart technically well positioned, we sugges boying the stock for an upside target of 62 level keeping the stop loss of 55 Level.
7. Himatsingka Seide Ltd – koothupalakkal recommends buying himatsingka seide at Around 154 for a target price of 164 Keeping Stop Loss at 150
The stock after witnessing a short period of correction has consolidated and stabilized near the 150 zone, with currently indicating a pullback with positive candle formation and moving past the important 50ma level at 152 zone to improve the bias. The rsi is Well positioned and indicating a positive trend revered revered revered reversal to Signal a buy, there is much upside potential visible to carry on with the positive move further ahead. With the chart technically looking good, we sugges boying the stock for an upside target of 164 keeping the stop loss of 150 Level.
8. Sarda Energy & Minerals Ltd– Koothupalakkal recommends buying sarda energy at Around 449.50 for a target price of 480 Keeping Stop Loss at 440
The stock after the consolidation period has witnessed a positive candle development on the daily chart with the Daily Chart with Decent Volume Participation Visible Improving The Bias and Can Anatikipate for furtic Rise in the company. The rsi is well placed and indicating a buy signal has much upside potential visible from current rate. With the chart looking good, we sugges boying the stock for an upside target of 480 level keeping the stop loss of 440 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.
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