Stock Market Update: Key Trade Setup for Nifty 50 & Global Markets | 8 Stocks to Watch on Monday, Feb 24, 2025

Stock Market Today: Consolidation during the week that ended 21 February 2025 was not over in the form of the Nifty 50 Index of 22,795.90 closed just 0.6 percent lower week over week. Its Bank Nifty with a value of 48,981.20 was also lower by a tiny 0.2 percent. Metals & Utilities were top performers, while Autos, Pharma, FMCG and Telecom were the main underperformers.

Trade Setup for Monday

The Nifty 50, one can expect an immediate pullback in technical terms when it is able to hold above 22950.

Stocks to buy today

Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stocks to consider today. Ganesh Dongre is the senior manager for Technical Research at Anand Rathi recommended three stocks, and Shiju Koothupalakkal the Senior Manager of Technical Research, at Prabhudas Lilladher, has provided three stock selections.

1.RPG Life Sciences Limited- Bagadia recommends purchasing RPG Life Sciences at Rs2730.05 with a Stop loss at Rs2285 with a target price of Rs2550.

2. It is recommended that Anup Engineering Ltd- Bagadia suggests buying Anup Engineering at Rs3179.85 keeping Stoploss at Rs3050 to achieve an estimated price of Rs3380.

3. Phoenix Mills Ltd- Dongre recommends purchasing Phoenix Mills at Rs1574 keeping Stoploss at Rs1550, with an estimated price of the price of Rs1605.

4. Bajaj Finance Ltd- Dongre recommends purchasing Bajaj Finance at around Rs8387 the keping Stoploss at Rs8250 with an estimated price of Rs8600.

5. SBI Life Insurance Company Ltd- Dongre suggests purchasing SBI Life at Rs1480 keeping stoploss of Rs1440 as an estimated price of Rs1525.

6. Eicher Motors Ltd- Koothupalakkal suggests buying Eicher Motors at Rs4962 for the target price of Rs5200 while keeping the Stoploss at Rs4870

7. Kaynes Technology India Ltd- Koothupalakkal recommends purchasing Kaynes Technology at Rs4367 for an expected price of Rs4570. Stoploss at Rs4270.

8. Gabriel India Ltd Gabriel India Ltd- Koothupalakkal recommends purchasing Gabriel for around Rs480 with the target price of Rs507 and the Stoploss level at Rs470.