Trade Setup for Tuesday
In the short term, the nifty-50 index is likely to remain strong with the potential to extend its Gains towards the 25,300–25,350 range. On the lower end, support is Visible at 24,800, said rupak de, Senior Technical Analyst at LKP Securities.
For bank nifty immediati support is placed at 54,800 levels while the short-term support is seen at 54,000-53,500, as per bajaj broking
Global Markets and Q4 Results
“The US decision to consider extending the deadline for imposing aggressive tarifs on eu, coupled with a decline in the dollar index, contributed to a rebound in the domestic rights. Sugged that Trade Negotiations are programsing constructive Encoured Investors to Maintenance Their Focus on Riskier Assets. Corporate Earnings for the Quarter, Said 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 prince pipes and fittings Ltd, Credo Brands Marketing Ltd, Ashok Leyland Ltd, Bank of Baroda, Bank of India, Mahindra & Mahindra Ltd, Chalet Hotels Ltd and Naturers Ltd
Sumeet Bagadia’s Stock Picks
- Prince Pipes and Fittings Ltd – Bagadia recommends buying prince pipps and fittings or princepipe at Around 336.80, Keeping Stoploss at 325 for a target price of 360
Princepipe is currently trading at 336.80, Showing Signs of a Strong Recovery after rebounding from a key support level on the daily chart. The stock has been formed bulish candlesticks for four culture sessions, indicating Sustained Upward Momentum and a Potential Long-Term Reversal. It has gained 42% from its recent low, Reflecting Increasing Bully Sentiment Among Investors.The Rise in Trading Volmes Supports Supports This Positive Trend, HIGHLIGHTING GOOONGETING GOOONGING Injection.
2. Credo Brands Marketing Ltd – Bagadia recommends buying credo brands marketing or mufti at Around 181.81 Keeping Stoploss at 175 for a target price of 195
Mufti is currently trading at 181.81, exhibiting Strong Upward Momentum. The stock has rebounded sharply from lower levels, Forming a robust Bully Bullish Candlestick Pattern, which reflects strength in the ongoing uptrend. A recent breakout Above the key resistance level of 174 further supports the Bulish Outlook and OPENS The Possibility for Additional UPSIDE, with a Near-Tarm Target Projected at 195, Provided the current Momentum Continues.
Ganesh Dongre’s Stocks to Buy Today
3. Ashok leyland Ltd – Dongre recommends buying ashok leyland or Ashokley at Around 240 Keeping Stoploss at 235 for a target price of 250
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 240 and Holding Above A Key Support Level at 235. 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 235 to manage downside risk. The target for this trade is set at 250, suggesting a favorite Risk-to-Reward Ratio and a Continuation of the Prevailing Upward Trend.
4. Bank of Baroda– Dongre recommends buying bank of Baroda or Bankbaroda at Around 240 Keeping Stoploss at 235 for a target price of 250
Stock has exhibited a strong notable control The stock is currently priced at 240 and mainTaining a strong support at 235. The technical setup indicates the potential for a price retracement towards the 250 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 235 offers a prudent approach to capturing the anticipated upside.
5. Bank of India– Dongre recommends buying bank of India at Around 117 Keeping Stoploss at 112 for a target price of 123.
Stock is currently trading at 117 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 112, which also acts as a key stop-loss for this trade. With bulish cues signaling a possible retracement towards the 123 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. Mahindra & Mahindra Ltd – Recommends Buying Mahindra & Mahindra or Mah & Mah at Around 3080 for a target price of 3200 Keeping Stop Loss at 3030
The stock after a short period of correction has regained strength with a Decent Pullback Witnessed indicating a Bully Candle Form on the Daily Chart to Improve the Bias and Anticipate for Furter Rise in the Coming Sessions. The rsi has cooled off from the highly overbough zone and is currently well placed indicating a positive trend reveresal to signal a buy and have muuch upside potential to carry on with the positive movie Ahead. With the chart technically looking good, we sugges to buy the stock for an upside target of 3200 keeping the stop loss of 3030 Level.
7. Chalet Hotels Ltd – Recommends Buying Chalet Hotels or Chalet Hotels at Around 914 keeping target price of 960 Keeping Stop Loss at 896
The stock has indicated a higher bottom formation pattern on the daily Chart Taking Support Near 877 Level and with a Positive Candle Forms has taken the bias to expert for furdhar applications. With the Overall Trend on the Rise and the RSI also signaling a buy with a positive trend revered reversal indication, one can expect the stock to rain furious. With the chart technically looking good, we sugges boying the stock for an upside target of 960 level keeping the stop loss of 896 Level.
8. National Fertilizers Ltd– recommends buying national fertilizers or nfl at Around 99 Keeping Target Price of 107 Keeping Stop Loss at 97
The stock after a steep river has been in consolidation for quite some time with improvement bias and has indicated a positive candle formation to anticipate for furter risk in the coming sessions. The rsi has gained significantly with the overall trend maintained positive and has further strength 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 107 level keeping the stop loss of 97 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.
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