Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell before Economic Survey 2025
Stock Market Today: Experts stated that Nifty must break through its 20-day EMA resistance level at 23,300 to continue rising or risk losing momentum which could force the index back down towards 23,000–22,700.
Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell before Economic Survey 2025
The Benchmark Nifty 50 index finished at 23,249.50 with a 0.37% increase while the S&P BSE index reached 76,759.81 after gaining 0.30% on Economic Survey 2025. The real estate, energy and pharmaceutical sectors showed strong performance while information technology and automotive industries underperformed. Broader indices ended nearly flat.
Day trading guide for today
The Nifty index faces resistance at its 20-day EMA of 23,300 with a decisive move above this level remaining essential. Ajit Mishra from Religare Broking Ltd warned that the index would face renewed pressure and move back towards the 23,000-22,700 range if it does not close above its resistance point.
Despite experiencing fluctuations between gains and losses the Indian markets finished the day with positive results. The combination of increased US oil inventories and the US Fed's hawkish stance reducing US 10-year yields could slow down FII capital outflow.
Stocks to buy today
The Executive Director of Choice Broking by the name of Sumeet Bagadia presented two recommended stocks for investment today. As Senior Manager of Technical Research for Anand Rathi Ganesh Dongre proposed three specific stocks.
According to Bagadia's recommendation investors should purchase Ami Organics Ltd shares at ₹2358.65 with a stoploss at ₹2260 to reach a target price of ₹2525.
Ami Organicsis presently trading at 2358.65 levels. The daily chart shows that the stock developed a powerful bullish momentum candle which indicates renewed strength in its price action. Q3 results today action reveals a strong support level at 2260.
Bagadia advises investors to purchase Swaraj Engines at ₹3333.35 with a stop-loss point at ₹3200 aiming for a target price of ₹3550 while the stock maintains its position at ₹3333.35 with strong upward momentum.
Syngene International Ltd's expert Dongre advises purchasing shares at ₹762 and setting a stoploss at ₹745 to reach the target price of ₹790.
A just completed short-term trend analysis revealed that the stock currently sits within an oversold area.
