Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell after Budget 2025
Stock Market Today: Experts say the key support levels for Nifty-50 index are 23,270 and 23,100 while 23,810 and 23,900 will serve as the primary resistance points according to the 50-day SMA.
Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell after Budget 2025
During Saturday's volatile special trading session on Budget day the Nifty 50 index finished down 0.11% at 23,482.15 points. The Q3 results today gained 2.4% to end the week at 49,506.95 despite mixed sectoral trends while Realty and Autos showed the most significant gains.
Trade Setup for Monday
According to Shrikant Chouhan from Kotak Securities the market remains bullish in the short term yet temporary overbought conditions might lead to range-bound market behavior soon.
Stocks to buy today
Executive Director at Choice Broking Sumeet Bagadia made two stock recommendations for today. Ganesh Dongre from Anand Rathi Technical Research recommended three specific stocks.
Sumeet Bagadia's stock recommendations today
According to Dongre, investors should purchase Bajaj Healthcare Ltd at ₹689.15 and set their stoploss at ₹660 to aim for a target price of ₹740.
At present the stock price stands at 689.15 levels. The stock market new reached a fresh peak of ₹699 after a substantial increase which signals that its upward trend might persist.
According to Bagadia's analysis of Shaily Engineering Plastics Ltd stock valuations investors should purchase the stock at ₹1613.4 to secure a stop loss at ₹1560 with an expected target price of ₹1730.
Ganesh Dongre's stocks to buy today
Analyst Ganesh Dongre suggests purchasing ICICI Securities shares at ₹834 with a stop-loss level of ₹820 and targets reaching ₹860.
Recent short-term trend analysis displays a prominent bullish reversal pattern in the stock's movement.
Stock analyst Ganesh Dongre from Anand Rathi recommends purchasing Axis Bank shares at ₹998 with a stop-loss order at ₹975 for a potential profit target of ₹1021.
Major support levels around ₹975 have been identified for this stock which now shows reversal price action at ₹998.
Dongre suggests purchasing shares of DLF Ltd when the price reaches ₹760 and setting a Stoploss at ₹745 to aim for a target price of ₹795.
