Stocks to Buy: Rajesh Palviya of Axis sec suggesoft, glenmark pharma, heritage foods shares today – 6 June 2025

Stock Market Today: The domestic Benchmark Indices, Nifty 50 and Sensex, on Friday, WERE Investors Awaited The Reserve Bank of India’s (RBI) Policy Announcement, which is widelie expected Include a rate cut.

The nifty 50 decreased by 0.02% to reach 24,746.95, whereas the sensex fell by 0.09% to 81,381.77 at 9:25 ist.

The RBI is anticipated to lower its key lending rate by 25 Basis points for the third culture time. The policy decision is set to be announced at 10:00 am IST.

Although a 25 Basis Point Reduction Seems Likely, Market Participants will pay close attentions to the statement registered inflation, Economic Growth, and Future Rate Trajectories, Noted Market Experts.

Other Asian Markets Remained Lackluster, and Us Equites on Wall Street Declined Overnight Due to a Significant Dispute Involving President Donald Trump and Billionaire Elon Musk.

Share Market Tips and Nifty 50 Outlook by Rajesh Palviya, SVP – Technical and Derivatives Research, Axis Securities

Nifty 50

Over the past 10-12 sessions, nifty 50 is consolidating with 25,200-24,500 levels, and hence any eite-friend breakout may indicate further direction. Nifty 50 is firmly placed Above Its 20,50,100, and 200-DAY SMA, which reconfirms a bullish trend on a higher time frame.

On the UPSIDE, the index is expected to extend this Momentum towards the 25,200-25,500 levels. The Crucial Support Zone is located Around the 24,500-24,400 levels; Hence, Any Minor Correction Around this remain a boying options for traders. The weekly Strength Indicator, RSI, is in positive territory, indicating rising strength.

Birlasoft ltd CMP: 411

On the daily chart, birlasoft share price has confirmed a trend revered, forming a series of higher tops and bottoms. In addition, the positive crossover of the 20 and day sma reconfirms bully. This recent rally is supported by huge volumes, which signifies Increased Participation. The daily and weekly strength indicators, including the relative Strength Index (RSI), are in favorite territory, indicating relief strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected UPSide is 440-475, and its downside support zone is the 395-390 levels.

Glenmark Pharmaceuticals Ltd CMP: 1,580

On the Daily Chart, Glenmark Pharma Share Price Has decisively Surpassed Its Multiple Resistance Zone of 1555 Levels on a Closing Basis Along with Huge Volumes, Whiche Signifies Inacified. The positive crossover of 20, 50 and 100-day smas signifies bully. The daily and weekly “band bollinger” buy signal sugges increased Momentum. The daily and weekly strength indicators, including the relative Strength Index (RSI), are in favorite territory, indicating relief strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected UPSide is 1660-1755, and its downside support zone is the 1555-1500 levels.

Heritage Foods Ltd CMP: 466

On the daily chart, heritage foods share price has decisively broken out of an “Inverting Head and Shoulder” Pattern on a Closing Basis, Indicating Bullyn Sentiments. Huge Rising Volumes Indicate Increased Participation. The stock is sustaining Above Its 20-, 50, and 100-Day Simple Moving Average (SMA), Reconfirming The Bully Trend. The daily and weekly “band bollinger” buy signal sugges increased Momentum. The daily and weekly strength indicators, including the relative Strength Index (RSI), are in favorite territory, indicating relief strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected UPSide is 500-520, and its downside support zone is the 448-435 levels.

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.