Market Outlook: Key Nifty 50 Levels & Top 8 Stock Picks for March 13, 2025
The Nifty-50 index would be at 22,300. This could be a reliable support zone. If the price rises above this mark the market can climb to 22,600-22.650. However any drop below 22,300 will render the trend fragile, according to experts.
Market Outlook: Key Nifty 50 Levels & Top 8 Stock Picks for March 13, 2025
Stock market Today: The benchmark Nifty 50 Index closed a turbulent day at 22,470.50 down 0.12 percent on Wednesday. Bank Nifty, however, increased 0.42 percent, bringing it to 48,056.65 and Auto, Pharma were other important gainers, even but Realty as well as Auto were the biggest lossers. The broader indexes were in a state of stress, losing more than half a percentage.
Trade Setup for Thursday
In the case of Nifty, 22,300 could be a reliable support zone. Beyond this point the market can move upwards to 22,600-22,650. On the other hand the drop below 22,300 will cause the market to be fragile, according to Shrikant Chouhan, Head Equity Research, Kotak Securities.
Global Markets Today
If inflation continues to rise If the inflation remains high, the US Fed might delay rate cuts and, in turn, decrease IT spending. Stocks in the capital market fell on Wednesday, as the monthly systematic investment plans (SIP) the inflows of mutual funds dropped to a record low of 25,999 crores in February owing to market volatility.
Stocks to buy today
Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stocks for today. Ganesh Dongre the Director for Technical Research at Anand Rathi recommended three stocks, and Shiju Koothupalakkal the Senior Manager of Technical Research, at Prabhudas Lilladher has offered three stock selections.
Summary Bagadia's standard selections
1 Kamat Hotels (India) Ltd- Bagadia suggests buying Kamat Hotels at Rs318.2 with a Stoploss at Rs306 with an estimated price of Rs340.
2 Gabriel India Ltd- Bagadia recommends purchasing Gabriel India Ltd at Rs532.55 with a Stoploss at Rs515 to achieve an investment goal of Rs570.
Ganesh Stocks of Dongre to purchase today
3 Divis Laboratories Ltd- Dongre suggests purchasing Divis Laboratories at Rs 5675, keeping Stoploss at Rs5550 to achieve the target price of Rs5900.
4 Sun Pharmaceutical Industries Ltd - Dongre suggests buying Sun Pharmaceutical at the price of Rs1675 with Stoploss at Rs1640 to achieve the target price of Rs1720.
