Stock Market Update: Nifty 50 Trade Setup & Global Trends – 8 Stocks to Watch on March 27, 2025

Stock market Today: The benchmark Nifty 50 index slipped 0.77 percent on Wednesday, for a close of 23,486.85 which erased a portion of the gains made during the recent trading sessions. Bank Nifty saw a similar decrease, closing at 51,209.00 however, the majority of sectors, led by Realty, IT, and pharmaceuticals were among the those who lost.

Trade Setup for Thursday

The Nifty-50 index's immediate support is found close to 23,400, which coincides with 200 and 100-day exponentially moving averages. There is a strong support at 23,141, while potential resistance levels are expected to be between 23,600 and 23,869 according to Devarsh Vakil, the Head of Prime Research, HDFC Securities.

Global Markets Today

The share market new saw profit booking following the recent gains due to the upcoming US trade announcements. The sectors that have a greater exposure to US market, such as pharmaceuticals and IT has seen the effects of selling.

Stocks to Buy Today

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

Sumeet Bagadia's pick for the stock market

1. Radico Khaitan Ltd(RADICO)-- Bagadia recommends purchasing Radico Khaitan at the price of Rs2334, with a Stoploss at Rs2250 to achieve an estimated price of Rs2480.

2. Nava Ltd- Bagadia recommends purchasing NAVA for Rs488.5 and keeping Stoploss at Rs470 with a goal price of Rs520.

3. Trent Ltd - Dongre suggests buying Trent at Rs5320, keeping Stoploss at Rs5250 to achieve a price of Rs5400

4. Usha Martin Ltd - Dongre suggests purchasing Usha Martin at Rs348 and keeping Stoploss at Rs335 with the target price of Rs365.