By Soumya Ranjan Today’s stock market: With immediate support at 24,800, the Nifty-50 Index could return to 25,000 in the days ahead. If it falls below that level, it might move towards 24,500. On the upside, a clear move above 25,000 might start a more extensive market rally.
Stock market today: The Nifty 50 index ended the day at 24,876.95, up 1%, indicating that the markets began the new week on a high note. Auto, consumer durables, and metals were among the major winners as the majority of sectors ended the day in the green, with the Bank Nifty closing 0.71% higher at 55,734.90. The mid- and small-caps in the larger indices ended the day up 1.08–1.38%.
Tuesday’s Trade Setup
Immediate support is set at 24,800, below which the index may move towards 24,500. The Nifty-50 Index has the potential to revisit 25,000 in the days ahead. On the upside, a clear move above 25,000 might lead to a more significant market rally, according to Rupak De, Senior Technical Analyst at LKP Securities.
According to Bajaj Broking, the 54,800 and 55,000 ranges are key support points for the Bank Nifty.
Trump-Zelensky meeting
“If we look at the key takeaways from the most-awaited Trump-Zelensky meeting, the US President Donald Trump has said the US could back security guarantees for Ukraine,” said Anuj Gupta, Director at Ya Wealth, pointing to the meeting’s conclusion. The best way to stop future Russian aggression is still unclear, though. Trump has ruled out Ukraine joining NATO, which is one thing that would satisfy Russia. To Zelensky’s satisfaction, he did, however, state his support for Ukraine’s security guarantees. Therefore, from a wider angle, we can say that the peace negotiations between Russia and Ukraine have advanced. Putin and Zelensky are open to ending the conflict, which could lead to more buying in international markets, including the Indian stock market.
Today’s world markets and Q1 findings
A robust recovery in corporate earnings in 2HFY26 could be triggered by a number of factors, including policy reforms (GST 2.0), a sovereign rating upgrade, possible tariff relief, RBI and government stimulus, monsoon-led consumption revival, and festive demand. According to Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd., we therefore continue to have a positive outlook on Indian stocks for the ensuing six to nine months.
Stocks to buy today
Market experts Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, and Sumeet Bagadia, Executive Director at Choice Broking, suggested the following five intraday stocks to purchase today: National Aluminium Company Ltd., Prestige Estates Projects Ltd., Castrol India Ltd., Kirloskar Oil Engines Ltd., and Supreme Industries Ltd.
Stock recommendations by Sumeet Bagadia
- Kirloskar Oil Engines Ltd-Bagadia recommends buying KIRLOSENG at around ₹944.1, keeping Stoploss at ₹911 for a target price of ₹1020.
KIRLOSENG, currently trading at ₹944.10, is exhibiting strong bullish momentum and is nearing a breakout from a consolidation phase. It is above major exponential moving averages, indicating robust price action and reinforcing bullish sentiment.
2. Supreme Industries Ltd—Bagadia recommends buying SUPREMEIND at around ₹496, keeping Stoploss at ₹4338 for a target price of ₹4820
SUPREMEIND, trading at ₹4,496.10, has recently bounced from its support zone, forming a strong bullish candle and gaining buying interest. Its near-term target is ₹4,820.
Ganesh Dongre’s stocks to buy today
3. Castrol India Ltd—Dongre recommends buying CASTROLIND at around ₹206, keeping Stoploss at ₹200, for a target price of ₹216.
The stock is trading at ₹206, with a strong bullish pattern and a strong support base at ₹200. Recent price action suggests a reversal from this level, reinforcing bullish sentiment. Entering at a stop-loss at ₹200 offers a strategic opportunity to capture the expected upside move.
4. Prestige Estates Projects Ltd—Dongre recommends buying PRESTIGE at around ₹1625, keeping Stoploss at ₹1600, for a target price of ₹1680
The stock, currently priced at ₹ 1625 and maintaining support at ₹ 1600, is showing a strong bullish pattern, offering a potential price retracement towards ₹ 1680, suggesting a prudent approach for short-term traders.
5. National Aluminium Company Ltd—Dongre recommends buying NATIONALUM at around ₹188, keeping the stop loss at ₹183 for a target price of ₹198
The stock has shown a robust, noteworthy, and ongoing bullish trend, providing short-term traders with yet another encouraging opportunity. With a current price of ₹188, the stock is holding steady at ₹183. A price retracement towards the ₹ 198 level is possible, according to the technical setup. Entering at the current market price with a stop-loss at ₹ 180 offers a sensible strategy to profit from the expected upside as the stock is reversing from a support base and exhibiting signs of renewed strength.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.