Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell on Wednesday — 15 January 2025
Stock market Today: Traders breathed a sigh of relief on Tuesday after sharp decline in previous session as benchmark Nifty 50 Index closed 0.39% up at 23,176.05. The S&P BSE index also jumped 0.22% to close at 76,499.63. Bank Nifty recovered 1.43% and Auto, metals and energy rose to 4%.
Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell on Wednesday — 15 January 2025
The Executive Director of Choice Broking, Sumeet Bagadia, has two Q3 Results for the day. Ganesh Dongre, Senior Manager Technical Research at Anand Rathi recommended three stocks.
Stock to Buy Today
Maruti Suzuki India Ltd- Bagadia: Buy Maruti Suzuki India Ltd 11,741.15 Stop Loss 11,330 12,563. Maruti shares are currently trading at 11,741.15 with bullish momentum. Having been under heavy selling pressure since September 2024, the shares moved back out of support at 10,700 and held together for a few days.
AU Small Finance Bank Ltd- Bagadia Buy AU Small Finance Bank at 575.1 with a stoploss of 555 for a target price of 615 AU Bank is currently trading at 575.10 and appears to be on the cusp of a breakout from its consolidation zone on the daily chart. That breakout is complemented by a rising volume trend which is an evidence of bullish bias on the stock.
Indus Towers Ltd- Dongre will buy Indus Towers around Rs 340 with target Rs 360 and stop loss Rs 325. This is bullish reversal and shows a short term uptrend, the stock will probably have retraced to Rs.360. Support at Rs.325 acts as a strong level for risk management if the share does not go in the right direction.
PB Fintech Ltd- Dongre recommends Buying PB Fintech (POLICYBZR) in the range of 1,740 with Stoploss at 1,700 with a goal of 1,800. This latest review of the stock shows an interesting bullish reversal pattern which suggests a possible temporary retracement to Rs. 1,800.
Dixon Technologies (India) Ltd- Dongre has recommend to buy Dixon Technologies from 16,275 stop loss 15,700 for 17.500. On the daily, the stock retraced in a bullish sway at the 15,900 level.
