Today’s stock market: The benchmark Nifty 50 index almost ended at 22,545.05 in a narrow range on Thursday. However, the bank’s Nifty ended at 0.28%, at 48,743.80, while Metal is also the main performer. On the other hand, automatic and real estate are still under pressure. The broader index also fell by 1-2%,
Friday’s trade setting
Nifty continues to decline, with the next support at 22450, which occurs at 21281 (bottom in June 2024) to 26277 (highest in September 2024). According to Devarsh Vakil, head of HDFC Securities Prime Research, the upward 22700-22800 band can provide resistance.
The main support for bank Nifty is at the 48,300-48,000 tier, consistent with the bullish gap since January 28, 2025, with the recent uptrend (47,844-50,641) retracement of 80%, according to Bajaj Broking (47,844-50,641)
Today’s global market
Now, investors are awaiting key economic data, including U.S. GDP data and initial unemployment claims, followed by India’s GDP growth on Friday. Meanwhile, global uncertainty persists, Donald Trump confirmed that 25% tariffs in Canada and Mexico will go on as planned, the same tariffs, Siddhartha Khemka, Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd.
Stocks to buy today
Choice Broking executive director Sumeet Bagadia recommended two stock picks today. Ganesh Dongre, senior manager of technical research at Anand Rathi, suggests three stocks
Sumeet Bagadia’s stock options
1]Cholamandalam Investment and Finance Company LTCholalala Investment and ₹1438.65, Keep stop loss ₹Target price of 1385 ₹1536
Cholamandalam Investment is currently trading ₹1438.65 recently rebounded from key support levels, indicating a potential bullish reversal. After a period of merger ₹1300– ₹Within the 1414 range, the stock’s number increased, confirming strong buying interest and enhancing positive prospects.
2]SRF Ltd– Bagadia suggests ₹2854, keep stopping ₹Target price of 2754 ₹3054
SRF is currently trading ₹In 2854, a bullish trend was shown, characterized by high and higher lows. The stock has recently reversed from a critical support level and has formed a bullish candle on the day-to-day schedule, marking an upward momentum. This reversal is increased through a substantial increase in trading volume, which indicates a strong buy interest from investors. In the short term, SRF appears very well and can achieve its goals ₹3054.2.
The stocks Ganesh Dongre is going to buy today
3]JSW Steel: Dongre suggests ₹975 Stoploss ₹955 Target Price ₹995.
Currently, in recent short-term trend analysis of stocks, stocks are in the oversell area. From the daily chart, there is a clear bullish reversal pattern. This technical model suggests that the possibility of a temporary retracement of stock prices may involve ₹1055. Currently, the critical support level of the stock is Rs. 955. Given the current market price of Rs 975, buying opportunities are emerging. This suggests that investors may consider buying stocks at current prices, with the expected target set to rise by Rs 995.
4]Tejas Network: Dongre recommends buying Tejas network ₹740, keep stopping ₹720 Target Price ₹775
The stock has seen a significant bullish reversal pattern in recent short-term trend analysis. This technical model suggests that the possibility of a temporary backtrack of stock prices could reach Rs 775. The stock currently has support levels of Rs 720. Given the current market price is Rs 740, buying opportunities are emerging. This suggests investors may consider buying stocks at current prices, with the expected target rising by Rs 775
5]Cochin Shipyard: Dongre suggests ₹1295, keep the loss stopped ₹1275 Target Price ₹1345.
The stock has seen a significant bullish reversal pattern in recent short-term trend analysis. This technical model suggests that the possibility of a temporary retracement of stock prices may involve ₹1345. Stocks are currently maintaining critical support levels ₹1275. Given the current market price ₹In 1295, buying opportunities are emerging. This suggests that investors may consider buying stocks at current prices, ₹1345.
Disclaimer: The opinions and suggestions given in this article are those of individual analysts. These do not represent the mint’s point of view. We recommend that investors contact certified experts before making any investment decisions.
Capture all business news, market news, break news events and the latest news updates about live mint. Download the Mint News app for daily market updates.
MoreFewer
