Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; eight stocks to buy or sell on Wednesday

Currently, the stock market: According to analysts, the benchmark Nifty50 index’s immediate support is at 24,450; if it falls below that, it may move to 24,337 or lower.

Today’s stock market: The benchmark Nifty 50 index ended Tuesday’s trading session 0.4% lower at 24,487.40, reflecting ongoing uncertainty surrounding tariffs. At 55,043.70, the Bank Nifty finished 0.84% lower, and numerous other industries, including consumer durables and real estate, also saw declines. Oil & Gas, Metals, Auto, and Pharma were among the major winners. While small-cap stocks ended the day flat in the larger indices, mid-cap stocks saw a 0.3% decline.

Wednesday’s Trade Setup

On the downside, the Nifty has immediate support at 24,450; a decline below this level might push it as low as 24,337. Rupak De, Senior Technical Analyst at LKP Securities, stated that a sustained move above the immediate resistance, which is located between 24,660 and 24,700, could push the price towards 24,850 or even 25,000.

Today’s global markets and Q1 findings

Key inflation data in the US will be watched, as US inflation figures with any signs of tariff-related impact could influence the Fed’s policy stance. Vinod Nair, Head of Research at Geojit Investments Limited, stated that domestic inflation is anticipated to remain below the RBI’s range.

According to Nair, stock-specific movements are likely to continue in the near future as investors concentrate on domestic consumption-led industries in an effort to combat volatility.

Stocks to purchase today

The following eight intraday stocks were suggested by market experts: CarTrade Tech Ltd., Zota Health Care Ltd., Avenue Supermarts Ltd., Tata Chemicals Ltd., Biocon Ltd., Gabriel India Ltd., Graphite India Ltd., and Lloyds Engineering Works Ltd. 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.

Sumeet Bagadia’s stock picks

1. CarTrade Tech Ltd-Bagadia recommends buying CARTRADE in cash art around ₹2336.8, keeping Stoploss at ₹2255 for a target price of ₹2500

CARTRADE’s performance during Tuesday’s session was excellent. With a clear breakout from the prior resistance zone around 2,250, CARTRADE has effectively extended its recent rally on the daily chart. Strong trend continuation potential is indicated by the bullish candlestick formation, which closes close to the day’s high. Following a period of consolidation in late July, when prices briefly paused before continuing their upward trajectory, this move was made.

. Zota Health Care Ltd—Bagadia recommends buying ZOTA  in cash at ₹1332. 5 keeping stop loss at ₹1280 for a target price of ₹1430

ZOTA, trading at 1332.5, experienced a strong single-day gain on Tuesday, reaching a life high of 1,348.90. This move marks a breakout from a six-week consolidation phase, indicating fresh buying interest and potential medium-term upward leg.

Ganesh Dongre’s stocks to buy today

3. Avenue Supermarts Ltd-Dongre recommends buying DMART at around ₹4252, keeping Stoploss at ₹4200 for a target price of ₹4320

A bullish reversal pattern suggests a temporary price retracement to Rs. 4320. Currently maintaining support at Rs. 4200, a buying opportunity arises for investors to consider purchasing the stock at current price.

4. Tata Chemicals Ltd-Dongre recommends buying TATACHEM at ₹945, keeping stop loss at ₹920 for a target price of ₹970

This stock has shown significant support at about Rs. 920. As a result, traders can purchase and hold this stock with a stop loss of Rs. 920 for the target price of Rs. 970 in the coming weeks. The stock has once again shown a reversal price action formation at the Rs. 945 price level, and it may continue to rally until its next resistance level of Rs. 970.

5. Biocon Ltd—Dongre recommends buying BIOCON at around ₹354, keeping stop-loss at ₹335 for a target price of ₹375

A noteworthy bullish reversal pattern has surfaced in the stock’s most recent short-term trend analysis. According to this technical pattern, the stock price may experience a brief retracement, perhaps reaching Rs. 375. At ₹335, the stock is currently holding a critical support level.

Today’s Shiju Koothupalakkal intraday stocks

6. Gabriel India Ltd-Koothupalakkal recommends buying GABRIEL at ₹1065 for an upside target of ₹1120, keeping the stop loss at the ₹1040 level

The stock maintains a positive bias after a strong run-up, with a bullish candle formation on the daily chart. The RSI has corrected from overbought and indicates strength, indicating a buy signal for further upside movement.

7. Graphite India Ltd-Koothupalakkal recommends buying GRAPHITE INDIA at ₹537 for an upside target of ₹570, keeping the stop loss at the ₹524 level.

The stock, after a brief correction, shows stability near the MA at ₹522, with a positive bullish candle and RSI signaling buy, with upside potential for further gains.

8. Lloyds Engineering Works Ltd-Koothupalakkal recommends buying LLOYDS ENG at ₹67.95, or an upside target of ₹73, keeping the stop loss at the 66 level.

Following the substantial erosion, the stock has formed a higher bottom pattern, taken support in the vicinity of the ₹65.50 zone, and indicated a pullback with improving bias, indicating that a further rise is anticipated in the upcoming sessions. The RSI is currently in a good position, indicating a buy signal, and has enormous upside potential from the current rate after making a fairly good correction from the extremely overbought zone. 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.

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