Stocks to Buy: Rajesh Palviya of Axis Sec Suggessts Chennai Petroleum, Strides Pharma, Paytm Shares Today – 30 May 2025

Stock Market Today: Indian Stock Markets Opened Flat in the Red on Friday, Reflecting Ongoing Ongoing Global Concerns that are impacting Investor Sentiments. The recent ruling by the us federal appeals court, which permits the trump administration to maintenance its tarif policies while awaiting a decision from a highe Markets Worldwide. Investors are Now Looking for Clear Guidance from the Higher Courts Regarding The Legal Challenges surrounding these tarifs.

At the start of trading, the benchmark nifty 50 index declined by 21.00 points or 0.08%, Reaching 24,812.60. Similarly, The BSE Sensex Opened Lower, Down by 167.33 points or 0.20%, at 81,465.69.

This weakness in Indian markets is consistent with the overall negative sentiment observed in Major Asian Indices. Analysts sugges that cautions are likely to prevail until there is more clearly on the tariff situation.

On the Technical Front, Rajesh Palviya of Axis Securities Expects Nify 50 to Expend Towards 25,200-25,500 Levels. Palviya sugges three stocks to buy, sell and accumulate. Check out his views.

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

Nifty 50

The benchmark index is in a strong uptrend, Forming a series of higher tops and bottoms, indicating bully Nifty 50 is firmly placed Above Its 20,50,100, and 200-DAY SMA, which reconfirms a bullish trend on a higher time frame.

Over the past 12-13 Sessions, The Index is Consolidating Within 25,200-24,500 Levels, and hence any either eite-friend breakout may indicate further direction. 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 24,600-24,500 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.

Chennai Petroleum Corporation Ltd CMP: 721

On the weekly chart, the Chennai Petroleum Share Price has confirmed an “Inverting Head and Shoulders”, A Trend Reversal Pattern at 668 Levels on a Closing Basis, Indicating Bully Sentiments. This breakout is accounted by huge volumes, indicating Increased Participation.

Chennai Petroleum Share Price is Sustaining Above Its 20- 50, 100, and 200-Day Simple Moving Average (SMA), Reconfirming The Bully. 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 765-800, and Its Downside Support Zone is the 685-665 Levels.

One 97 Communications Ltd (Paytm) CMP: 880

On the daily chart, the paytm share price has confirmed a “down-side-side-side trendline” Breakout at 870 Levels on a Closing Basis. This buying Momentum was observed Around the 20-day SMA support zone at 852 levels, which remains a Crucial Support Zone.

Paytm Share Price is Sustaining Above Its 20, 50, 100, and 200-DAY SIMPLE Moving Average (SMA), Reconfirming the Bully. The daily, weekly and monthly 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 913-955, and its downside support zone is the 850-820 levels.

Strides Pharma Science Ltd CMP: 784

Strides Pharma Science Share Price Decisively Surpassed The Past Eight Months’ This breakout is accounable by huge volume, which signals Increased Participation. In addition, the daily band bollinger buy signal indicates Increased Momentum.

Strides Pharma Science Share Price is Sustaining Above Its 20, 50, 100, and 200-Day Simple Moving Average (SMA), Reconfirming the Bullyst Trend and these averages to these aoverage to these Which reconfirms bulish sentiments. The daily, weekly and monthly strength indicators, including the Relative Strength Index (RSI), are in favorite territory, indicating risk strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected upside is 860-930, and its downside support zone is the 760-715 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.