By Soumya Ranjan Today’s stock market: Support for the Nifty is situated between 25,300 and 25,150. Crucial resistance, however, is located at 25,500. Experts predicted that a strong move above this level might lead to a rally towards 26,000
Stock market today: Continuing its upward trajectory, the benchmark Nifty 50 index closed Thursday at 25,423.60, up 0.37%. The Bank Nifty increased by 0.42% to 55,727.45. IT and pharmaceuticals were major winners. Additionally, mid- and small-cap stocks increased by 0.29 to 0.36%.
Friday’s Trade Setup
Support for the Nifty is positioned between 25,300 and 25,150. At 25,500, critical resistance is observed. According to Rupak De, Senior Technical Analyst at LKP Securities, a clear move above this level might lead to a rally towards 26,000.
It is anticipated that the Bank Nifty index will continue its upward trend and rise to levels between 56,000 and 56150.
India-US trade agreement, US Fed rate cut, and global markets
Following the US Fed’s 25 basis point rate cut and signal for additional easing, the Indian stock market continued to rise. Comfort in private banks and mid- and small-cap stocks helped to maintain the positive bias and regain the trend, despite the fact that high valuations and a strong dollar index caused sporadic profit booking, according to Vinod Nair, Head of Research at Geojit Investments Limited.
Analysts anticipate that the slow upward trend will continue, with markets monitoring developments pertaining to tariffs to steer sentiment in the near term.
Stocks to buy today
In terms of stocks to purchase today, market experts Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Sumeet Bagadia, Executive Director at Choice Broking, suggested the following eight intraday stocks: PNB Housing Finance Ltd., ITC Ltd., Hindustan Zinc Ltd., CIE Automotive India Ltd., Laurus Labs Ltd., Shalby Ltd., and Eternal Ltd.
Sumeet Bagadia’s stock picks
- Eternal Ltd –Bagadia recommends buying ETERNAL at around ₹337.85 keeping Stop loss at ₹326 for a target price of ₹362
As evidenced by its recent robust rally, ETERNAL is currently showing a long-term upward trend and is trading at ₹337.85. Strong bullish momentum is evident in the price structure, which has formed a new all-time high at 338.5 after a series of higher lows and highs in recent sessions. The strength of the price action is confirmed by the rising volumes supporting this bullish structure. The general trend is still firmly upward.
2. Laurus Labs Ltd – Bagadia recommends buying LAURUSLABS at around ₹923.25 keeping Stop loss at ₹891 for a target price of ₹988
LAURUSLABS is trading at ₹923.25 with strong bullish momentum. It’s approaching its all-time high of 926.3, a crucial resistance level. A breakout above this could attract buying interest. The overall trend is positive, with upward trending Exponential Moving Averages.
Ganesh Dongre’s stocks to buy today
3. PNB Housing Finance Ltd– Dongre recommends buying pnbhousing or PNB Housing Finance at around ₹860 keeping Stop loss at ₹830 for a target price of ₹895
The stock has been displaying a robust and steady bullish trend, which suggests ongoing investor interest and upward price momentum. The stock has formed a strong support base at ₹ 830 and is currently trading at ₹ 860. Bullish sentiment is reinforced by the recent price action, which points to a reversal from this support, which has historically served as a cushion. The technical setup suggests that there may be a short-term price retracement toward the ₹895 level.
4. Hindustan Zinc Ltd-Dongre recommends buying Hindustan Zinc at around ₹458 stop loss at ₹445 for a target price of ₹485
The stock has shown a strong, noteworthy, and ongoing bullish pattern, providing short-term traders with yet another encouraging opportunity. The stock is trading at ₹ 458 right now, with ₹ 445 serving as a strong support. A price retracement towards the ₹ 485 level is possible, according to the technical setup. Entering at the current market price with a stop-loss at ₹ 445 offers a prudent way to profit from the expected upside as the stock is reversing from a support base and displaying signs of renewed strength.
5. ITC Ltd– Dongre recommends buying ITC at around ₹412 keeping Stop loss at ₹405 for a target price of ₹430
Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 412 and maintaining a strong support at ₹ 405. The technical setup indicates the potential for a price retracement towards the ₹ 430 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 405 offers a prudent approach to capturing the anticipated upside
Shiju Koothupalakkal intraday stocks for today
6. CIE Automotive India Ltd– Koothupalakkal recommends buying CIE AUTOMOTIVE at around ₹432 for a target price of ₹460 keeping Stop loss at ₹422
With significant volume participation seen in the last two sessions, the stock has improved the bias and gained momentum from the ₹382 level, surpassing the 50EMA at the ₹410 level to expect a further rise in the upcoming sessions. With strength indicated, the RSI is currently rising and has the potential to continue its upward trajectory. Since the chart is technically sound, we advise purchasing the stock.
7. Latent View Analytics Ltd– Koothupalakkal recommends buying LATENT VIEW ANALYTICS at ₹427.95 for a target price of ₹450 keeping Stop loss at ₹418
In order to strengthen the bias and prepare for a further upward move in the days ahead, the stock has taken support close to the significant 50EMA at the ₹418 zone and displayed a bullish candle formation on the daily chart. The RSI is in a good position right now and has indicated a buy with plenty of upside potential to continue the upward trend in the future. Since the chart is technically sound, we advise purchasing the stock.
8. Shalby Ltd- Koothupalakkal recommends buying SHALBY at around ₹235 for a target price of ₹252 keeping Stop loss at ₹230
A flag pattern has formed on the daily chart after the stock recently showed a strong spurt from the ₹195 zone with high volume participation. At this point, volume participation is rising and price action is visible, which has improved the bias and raised expectations for another fresh round of momentum in the upcoming sessions. With strength shown, the RSI has cooled off from the overbought area and shows a lot 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.
[…] for Less Than Rs 12,000 Kantara Chapter 1 Box Office: Prohibitively expensive at 1000 Cr Today’s stock market events include the Nifty 50 trade setup, the US Fed rate cut, and the In… 27 Oct 2025, […]