Trade Setup for Tuesday
With investors Awaiting the fed’s follow-up commentary post the rate announcing, a steep Directional Move is not expected for now. However, a rally towards 25,350 looks highly probable once nifty reclaims the 25,000 mark. On the downside, support is placed at 24,850, as per rupak de, Senior Technical Analyst at LKP Securities.
For the bank nifty, the revised support will be at 54,500 levels, Followed by 54,000 levels, as per reliance securities.
Global Markets and Israel-Airan Conflict
Despite Ongoing Geopolitical Tensions Between Israel and Iran, The Market Moved Higher, Supported By Gains in Large-Cap Stocks, As Investors MainTailed Their Fundamentals in the Time of the Time of Volatile Situations. Geopolitical Developments in the Middle East Are Likely to Influence Near-Term Market Sentiment, with any signs of de-decalation being bent closely monitored, called Vinod Nair, Head of Research, Head of Researchs Limited.
Small-Cap Stocks are expected to underperform in the short term, Given their elevated valuations and absence of short-term triggers. Among sector, oil and gas recorded strong gains, while the it sector outperformed in anticipation of the upcoming us fed policy meeting, which is expected to provide further clarity on the interesting rate 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 Bharat Electronics Ltd., Max Financial Services Ltd., Indian Oil Corporation Ltd., Multi Commodity Exchange of India Ltd. (MCX), Axis Bank, Tourism Finance Corporation of India Ltd., Graphite India Ltd., and CG Power and Industrial Solutions Ltd.
Sumeet Bagadia’s Stock Picks
- Bharat Electronics Ltd.-Bagadia recommends buying bharat electronics, or bel, atha 403.85, Keeping Stop-Loss at Around 389 for a target price of 432
Bharat Electronics Ltd. (BEL) is currently trading at 403.85, exhibiting Strong Bulish Momentum Supported by a Well-Structured Upward Trend. The stock is nearing its all-time high of 404.5, and a Breakout Above This Level Cold Trigger Fresh Buying Interest, Potentially Leading to Further UPSIDE.
2. Max Financial Services Ltd.-Bagadia recommends buying Max Financial Services Ltd., or MFSL, At Around 1577, Keeping Stop-Loss at 1520 for a target price of 1700.
MFSL is Currently Trading at 1577 and continues to exhibit a strong upward Trajectory. The stock has been consistently forming Higher HIGHS and Higher Lows, a Classic Sign of Sustained Bullystum. Technically, the formation of the 3rd elliot wave appears to be in program, aligning with the recent price structure and suggesting furter UPSIDEPED PORT of the part of the wave cycle. Mfsl recently touched its all-time high 1586.
Ganesh Dongre’s Stocks to Buy Today
3. Indian Oil Corporation Ltd.—Dongre recommends buying Indian oil corporation, or IOC, at Around 142, Keeping Stoploss at 138 for a target price of 147.
Stock has exhibited a strong, notable, continuing bulish pattern, offering another promising opoportunity for short-term traders. The stock is currently priced at 142 and mainTaining strong support at 138. The technical setup indicates the potential for a price retracement towards the 147 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 138 offers a prudent approach to capturing the anticipated upside.
4. Multi Commodity Exchange of India Ltd (MCX)—Dongre recommends buying McX at Around 7830, Keeping Stop-Loss at 7650 for a target price of 8100
Stock has exhibited a strong, notable, continuing bulish pattern, offering another promising opoportunity for short-term traders. The stock is currently priced at 7830 and MainTing Strong Support at 7650. The technical setup indicates the potential for a price retracement towards the 8100 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 7650 offers a prudent approach to capturing the anticipated up.
5. Axis Bank—Dongre recommends buying axisbank at Around 1216, Keeping Stoploss at 1190 for a target price of 1250.
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 1216 and holding above a key support level at 1190. 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 1190 to manage downside risk. The target for this trade is set at 1250, suggesting a favorite Risk-to-Reward Ratio and a Continuation of the Prevailing Upward Trend.
Shiju koothupalakkal intraday stocks for today
6. Tourism Finance Corporation of India Ltd.-Koothupalakkal recommends buying tourism finance at Around 220.46 for a target price of 232, Keeping Stop Loss at 216
The stock, after witnessing a short period of correction, has once again improved the bias with a positive move with the Decent Volume Participation Visible and Has SCOPE FOR FOR FOR FOR FURTER RISE In the Coming Sessions. With the chart indicating a significant revival in the hour frame, the bias has turned positive with UPSIDE POTENICE POTENIL VISILEL VIMILEL VIMILES With the chart technically well positioned, we sugges boying the stock for an upside target of 232 level, keeping the stop loss at the rs 216 level.
7. Graphite India Ltd.—Koothupalakkal recommends buying Graphite India at Around 538.45 for a target price of 565, Keeping Stop-Loss at 527.
The stock has slipped down after Finding Resistance Near The 580 Zone and Currently Has Shown Signs of Taking Support Near The Confluence of the 200-Period Ma andMa at the 510 Level, and Wit A Significant pullback has improved the bias with a positive candle formation. The rsi has corrected from the overbough zone and currently is well placed to expect a further risk in the coming sessions. With the chart technically looking good, we sugges boying the stock for an upside target of 565, keeping the stop loss at the 527 Level.
8. CG Power and Industrial Solutions Ltd.-Koothupalakkal recommends buying cg power at Around 682 for a target price at 715, Keeping a Stop Loss at 667
The stock has taken support near the 650 zone and has moved Above The 50ma Level at 663 to improve the bias, and currently, with another session of positive closing, we anticipate furite rise in theaming day RSI also indicating signs of positive development. There is much upside potential visible from the current rate. With the chart looking good, we sugges boying the stock for an upside target of 715 Level, Keeping the stop loss at 667 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.