By Soumya Ranjan Today’s stock market: A clear breakout above 25,150 for the Nifty might cause short covering and possibly spark a rally toward the 25,300 mark. According to experts, some profit booking at higher levels is anticipated given the recent upward momentum.
Stock market today: Even though the benchmark Nifty 50 index corrected 0.18% to close at 25,069.20, it was still able to maintain the psychological 25000 level. Real estate was the main driver of the 0.18% gain in the Bank Nifty at 54,887.85. The majority of other industries, including IT and pharmaceuticals, reported losses, even though the Oil and Gas index ended the day higher. Mid- and small-cap stocks saw final gains of 0.44-0.76% in the larger indices.
Tuesday’s Trade Setup
A clear breakout above 25,150 for the Nifty might cause short covering and possibly spark a rally toward the 25,300 mark. Nilesh Jain, Head-Technical and Derivatives Research Analyst (Equity Research), Centrum Broking Ltd., stated that some profit booking at higher levels is anticipated given the recent upward momentum.
According to Bajaj Broking, the immediate support level for the Bank Nifty is set at 54,350.
Trump tariffs, US Fed rate cuts, and overseas markets
The US retail sales data, which is scheduled to be released on Tuesday, will be monitored by market participants. According to Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd., we anticipate that the market will continue to consolidate while monitoring the outcome of US Fed policy and the status of trade negotiations between the US and India.
Stocks to buy today
According to market experts, the following eight intraday stocks are recommended for purchase today: Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher. Brigade Enterprises Ltd., Meghmani Organics Ltd., Hitachi Energy India Ltd (POWERINDIA), United Spirits Ltd., Tata Steel Ltd., Angel One Ltd., Radico Khaitan Ltd.
Stock recommendations by Sumeet Bagadia
1.Radico Khaitan Ltd- Bagadia recommends buying RADICO at around ₹2980.6 keeping Stop loss at ₹2876 for a target price of ₹3190
With consistent higher highs and higher lows, RADICO’s daily chart shows a clear uptrend. It is currently trading at 2980.6. Strong bullish momentum is evident as the stock recently broke out of its consolidation zone and formed a new all-time high at 2986.8. The strength of the price action is confirmed by the rising volumes supporting this bullish structure. With the 20, 50, 100, and 200-day Exponential Moving Averages all trending upward, the overall trend is still firmly positive, highlighting persistent demand and bolstering bullish sentiment over short- to long-term time frames.
2. Brigade Enterprises Ltd- Bagadia recommends buying BRIGADE at around ₹970.05 keeping Stop loss at ₹936 for a target price of ₹1038
BRIGADE is trading at ₹970.05, indicating a short-term trend reversal after a corrective phase. It’s forming a base near recent lows and attempting a rebound. Support comes from 29-day EMA levels, with immediate resistance around ₹990-1000.
Ganesh Dongre’s stocks to buy today
3. Tata Steel Ltd– Dongre recommends buying TATASTEEL at ₹169 keeping Stop Loss at ₹165 for a target price of ₹177
The stock is trading at ₹ 169 with a strong bullish pattern, indicating sustained investor interest and positive price momentum. Its support base at ₹ 165 suggests a reversal from this level, reinforcing bullish sentiment. Entering at ₹ 165 with a stop-loss offers a strategic opportunity.
4. Angel One Ltd. – Dongre recommends buying ANGELONE at ₹2250 keeping Stop Loss at ₹2210 for a target price of ₹2320
The stock has shown a strong, noteworthy, and ongoing bullish pattern, providing short-term traders with yet another encouraging opportunity. With a current price of ₹2250, the stock is holding a solid support level at ₹2310. A price retracement towards the ₹ 2320 level is possible, according to the technical setup. Entering at the current market price with a stop-loss at ₹ 2210 offers a prudent way to profit from the expected upside as the stock is reversing from a support base and exhibiting signs of renewed strength.
5. United Spirits Ltd– Dongre recommends buying UNITDSPR or United Spirits at ₹1318 keeping Stop loss at ₹1287 for a target price of ₹1360
The stock has shown a strong, noteworthy, and ongoing bullish pattern, providing short-term traders with yet another encouraging opportunity. With a current price of ₹1317, the stock is holding a solid support level at ₹1287. A price retracement towards the ₹ 1360 level is possible, according to the technical setup. Entering at the current market price with a stop-loss at ₹ 1287 is a wise strategy to profit from the expected upside as the stock is reversing from a support base and exhibiting signs of renewed strength.
Today’s Shiju Koothupalakkal intraday stocks
6. Hitachi Energy India Ltd (POWERINDIA)- Koothupalakkal recommends buying POWERINDIA (HITACHI ENERGY) at around ₹20180 for a target price of ₹21300 keeping Stop loss at ₹19840
Following a respectable correction, the stock has moved close to the daily chart’s base of the rising channel pattern, taking support at the ₹18650 zone. A series of positive candle formations has signaled a significant pullback, surpassing the 50EMA at the ₹19300 level to strengthen the bias. After a strong correction, the RSI is now in a good position, indicating a buy with significant upside potential. Since the chart is technically sound, we advise purchasing the stock.
7. ITD Cementation India Ltd– Koothupalakkal recommends buying ITD CEMENTATION at ₹794 for a target ₹840 keeping Stop loss ₹780
Following a brief period of consolidation following a respectable surge, the stock has once again improved the bias with a positive candle formation on the daily chart, indicating that it is now expecting to rise further. Because of its strong position and apparent upside potential, the RSI can continue its upward trend in the future. Since the chart is technically sound, we advise purchasing the stock.
8. Meghmani Organics Ltd– Koothupalakkal recommends buying MEGHMANI ORGANICS at around ₹83 for a target price of ₹90 keeping Stop loss ₹81
With a bullish candle moving past the significant 200 period SMA at the 81.70 level and high volume participation to strengthen the bias, the stock has recently seen a respectable correction, finding support in the 79 zone. It is currently expected to rise further in the upcoming sessions. Following the large correction, the RSI leveled off close to the oversold zone and is now pointing to a positive trend reversal, which suggests a buy with plenty of upside potential. We advise purchasing the stock because the chart appears to be technically sound.
Disclaimer: The opinions and suggestions expressed above are not those of Times of Dalal Street, but rather those of specific analysts or brokerage firms. Before making any investment decisions, we encourage investors to consult with qualified professionals.