Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell on Monday — 27 January 2025
The Nifty 50 Index remains confined to the range between 23000 and 23400 and will likely continue this pattern unless it breaches the support zone between 23050 and 23000.
Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell on Monday — 27 January 2025
Stock market Today: The Bank nifty finished slightly lower at 48,367.80 while IT and Healthcare sectors displayed strong gains whereas Industrials & Realty sectors suffered significant underperformance. The wider Q3 results today faced greater selling pressure while mid and small cap stocks finished 2.5% to 4% down.
Trade setup for Monday
Nifty remains within the 23000 – 23400 range during the last four trading sessions and the rangebound trading is expected to persist unless the index falls through the 23050 – 23000 support zone. According to Jatin Gedia who serves as Technical Research Analyst at Mirae Asset Sharekhan, a move below 23,000 could push prices down to 22,670 which corresponds to the 38.2% Fibonacci retracement level.
Today markets will release Q3 results together with Budget 2025
Equity markets and the economy will see important developments during the next week because the Union Budget will be released on February 1 (Saturday) and will include a special trading session for immediate policy response analysis. Ajit Mishra from Religare Broking Ltd expressed hope that market interventions will propel economic growth and consumer spending while keeping fiscal responsibility.
Sumeet Bagadia's stock recommendations today
Bagadia suggests purchasing Avanti Feeds at 692.55 rupees while setting a stop loss at ₹666 to reach a target price of ₹740.
Avanti Feeds maintains its position at 692.55 points while demonstrating strong upward momentum. The stock demonstrated a breakout supported by robust trading volume which shows strong investor interest.
The investment recommendation from Bagadia for Akzo Nobel India Limited is to purchase shares at ₹3852.45 while setting a stoploss at ₹3700 to aim for a target price of ₹4100.
Stocks to buy today
Dongre suggests purchasing ICICI Bank shares at ₹1210 with a stop-loss level set at ₹1170 to achieve a target price of ₹1250.
The latest short-term trend analysis reveals that the stock presently resides in an oversold territory. The daily chart reveals a significant bullish reversal pattern emerging.
