Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell on Wednesday — 29 January 2025

The benchmark Nifty 50 index finished at 22,957.25, up 0.56%, and the S&P BSE Sensex also closed 0.71% higher, at 75,901.41. Bank Nifty soared by 1.67% and closed at 48,866.85, especially when Realty and Auto were the main gainers after RBI infused liquidity. Energy and Pharma, however, still underperformed, as did mid- and small-caps. Q3 Results and Budget 2025 along with Global Markets The continuous struggle for markets to maintain a rebound has been the case.

Stocks to buy today

Sumeet Bagadia, Executive Director of Anand Rathi, recommended trade setup for Wednesday.

Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks. They are Bajaj Finserv Ltd, J.K. Cement Ltd, Zydus Lifesciences Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and Polycab India Ltd.

Bajaj Finserv : The analyst of Bagadia recommends going long on Bajaj Finserv at ₹1768.95, setting Stoploss at ₹1700 for an aim of ₹1888 Bajaj Finserv is now valued at ₹1768.95. With the various small losses and sideways consolidation, the stock has interpolated and succeeded in the break of the neckline levels of ₹1750. Now it goes higher with a substantial volume.

J.K. Cement Ltd. :Bagadia suggests buying J.K. Cement at ₹4831.20, having a stop loss at ₹4660 for a target price of ₹5100 The J.K. Cement stock price is currently at 4831.2 levelsand is being enhanced to the upside by radical growth. The shares’ recent breakout was accompanied by large trade volumes, which signified strong investor interest. The chart was a clear steady ascent, with the 20-day EMA showing a positive change and being close to the 50-day and 100-day EMAs.