Stocks to Buy Today: Key Picks and Market Insights

For traders and investors looking to make strategic moves, experts have shared today’s top stock picks. Here’s a detailed look at the stocks to watch and the latest updates from domestic and international stock markets.

Market Overview

The domestic stock market closed relatively flat on Thursday. The BSE Sensex ended at 78,472, while the Nifty50 gained 223 points to close at 23,750. The Bank Nifty saw a slight decline, closing at 51,171 after losing 62 points.

Expert Analysis

Srikanth Chauhan, Head of Equity Research at Kotak Securities, highlighted key levels for traders to watch:

Immediate breakout level for Nifty: 23,850 (200-day SMA).

Upside potential: If Nifty surpasses 23,850, it may target 23,950-24,000.

Downside risks: A dip below 23,650 could lead to retests at 23,550-23,500 levels.

FIIs and DIIs Activity

On Thursday, Foreign Institutional Investors (FIIs) sold shares worth ₹2,376.67 crore, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,336.16 crore.

In December:

FIIs have sold shares worth ₹9,120.81 crore.

DIIs have purchased shares worth ₹24,929.5 crore.

Global Markets

US Markets: The Dow Jones rose by 0.7%, while the S&P 500 and Nasdaq saw marginal declines of 0.04% and 0.05%, respectively.

Asian Markets: Flat trading is observed in Friday’s session.

Stocks to Watch

Here’s a curated list of stocks for trading today:

IndiGo:

Buy at ₹4,725

Stop Loss: ₹4,555

Target: ₹5,050

Man Infrastructure:

Buy at ₹244.2

Stop Loss: ₹235

Target: ₹260

Union Bank of India:

Buy at ₹119

Stop Loss: ₹115

Target: ₹130

Hindpetro:

Buy at ₹420

Stop Loss: ₹412

Target: ₹435

Godrej Industries:

Buy at ₹1,130

Stop Loss: ₹1,090

Target: ₹1,180

Market Outlook

Friday's trading session is expected to open flat, with GIFT Nifty down by approximately 3 points. Traders should closely monitor key levels and consider expert recommendations to capitalize on market opportunities.

Stay tuned for further updates and market insights!