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Mint
17-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, global markets, Q1 results today; Eight stocks to buy or sell on Thursday
Stock Market Today: The consolidation in the markets continued as the benchmark Nifty-50 index ended marginally 0.06% higher at 25,212.05 on Wednesday. The Bank Nifty at 57,168.95 was up 0.28%, as FMCG and IT Realty Indices were the other few gainers, while Metals and Pharma stood among key losers. In the broader indices, too, mid- and small caps ended flat. The Nifty 50 index would have the near-term hurdle at 25250 levels, which, when breached above, shall aim for the targets of 25500 and 25700 levels. The important EMA zone at the 24900 level would continue to remain the crucial support area, as per Vaishali Parekh, Vice President of Technical Research at PL Capital. Bank Nifty continues to witness a gradual rise after sustaining the important near-term support at 56600 level, and Parekh expects a further move till the 57000 zone Key global macro releases due on Thursday include EUR CPI, UK unemployment, and US retail sales and jobless claims and will be watched by investors. Q1 results due tomorrow include Axis Bank, Wipro, Jio Financial, LTI Mindtree, HDFC AMC, and Indian Hotels, among others. 'We expect markets to consolidate with a positive bias, supported by improving rural and healthcare trends and any progress on India–US trade negotiations. Stock-specific action will likely continue as the earnings season gathers pace', said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Krishna Institute of Medical Sciences Ltd , Schneider Electric Infrastructure Ltd, Pidilite Industries Ltd , Supreme Industries Ltd, Indian Bank, Heritage Foods d., Aeroflex Industries Ltd., and Laxmi Organic Industries Ltd. 1. Krishna Institute of Medical Sciences Ltd (KIMS)-Bagadia recommends buying KIMS at around ₹ 742.95, keeping stop loss at ₹ 716 for a target price of ₹ 805 KIMS is currently trading at ₹ 742.95 and has recently reached a new all-time high at ₹ 747.5, underscoring its strong bullish momentum. The stock continues to maintain an upward price structure marked by higher highs and higher lows, indicating sustained buying interest. The breakout to a new high reflects a shift in sentiment and robust demand. The price remains well-supported above its 20, 50, 100, and 200-day Exponential Moving Averages. 2. Schneider Electric Infrastructure Ltd.—Bagadia recommends buying SCHNEIDER at around ₹ 886, keeping the stop loss at ₹ 854 for a target price of ₹ 957 SCHNEIDER is currently trading at 886 and maintaining a strong upward trajectory. The stock has been forming a series of higher highs and higher lows, indicating sustained bullish momentum. A breakout from the rounding bottom formation has confirmed a bullish continuation pattern, signaling a transition from accumulation to an upward trend. This breakout is further validated by the stock marking a fresh 52-week high at 899, supported by consistent volume activity. 3. Pidilite Industries Ltd—Dongre recommends buying Pidilite Industries, or PIDILITIND, at around ₹ 2990, keeping the stop loss at ₹ 2945 for a target price of ₹ 3100 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2990 and maintaining strong support at ₹ 2945. The technical setup indicates the potential for a price retracement towards the ₹ 3100 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 2945 offers a prudent approach to capturing the anticipated upside. 4. Supreme Industries Ltd—Dongre recommends buying SUPREMEIND at around ₹ 4230, keeping Stoploss at ₹ 4150 for a target price of ₹ 4400. Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 4230 and maintaining strong support at ₹ 4150. The technical setup indicates the potential for a price retracement towards the ₹ 4400 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 4150 offers a prudent approach to capturing the anticipated upside. 5. Indian Bank—Dongre recommends buying Indian Bank or INDIANB at around ₹ 641, keeping stop loss at ₹ 630 for a target price of ₹ 660 In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 641 and holding above a key support level at ₹ 630. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 630 to manage downside risk. The target for this trade is set at ₹ 660, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Heritage Foods Ltd - Koothupalakkal Buy HERITAGE FOODS cmp: 478 Target: 500 Stop loss: 468 The stock with multiple swings has been on the rise gaining strength with series of higher bottom formation on the daily chart and currently once again has taken support near 467 zone and indicated a decent pullback to improve the bias and can anticipate for further rise in the coming sessions. The volume participation has been significant with the RSI currently well positioned, indicating a positive trend reversal to signal a buy and can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of 500 keeping the stop loss at the 468 level. 7. Aeroflex Industries Ltd-Koothupalakkal recommends buying AEROFLEX INDS at around ₹ 216 for a target price of ₹ 228, keeping Stop loss: 211 The stock, after a short period of correction, has taken support near the 200-period MA at the ₹ 192 zone and indicated a strong pullback with a series of bullish candle formations on the daily chart to strengthen the bias, and we can expect further gains in the coming sessions. The volume participation is once again on the rise along with the RSI, which is well placed and signaling a buy. With much upside potential visible and the chart technically looking attractive, we suggest buying the stock. 8. Laxmi Organic Industries Ltd-Koothupalakkal recommends buying LAXMI ORGANICS at around ₹ 202.50 for a Target price of ₹ 214, keeping the stop loss at ₹ 197. The stock, after witnessing a gradual slide, has picked up quite significantly with a bullish candle formation on the daily chart to move past the 50EMA at 196 level to improve the bias, and we can anticipate a further rise to carry on with the positive move further ahead. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with much upside potential visible. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 214 keeping the stop loss at the 197 level. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
16-06-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 16 June
For the week ended 13 June, Nifty50 declined approximately 1.14%, settling at 24,718.60. The index remained largely range-bound during the initial part of the week. However, it came under significant selling pressure in the latter half, driven by heightened geopolitical tensions and a sharp surge in crude oil prices. The steep gap-down on Friday not only erased early-week gains but also dragged the index below the psychological 25,000 mark. Broader market indices also ended lower, reflecting broad-based weakness. Two stock recommendations by MarketSmith India: Buy: FDC Ltd. (current price: ₹475.85) Also Read: Escalating Israel-Iran conflict to keep markets on boil in near term Buy: Krishna Institute of Medical Sciences Ltd (current price: ₹680) How the Nifty performed on 13 June On Friday, Nifty50 opened with a sharp gap-down but found support near 24,500–24,400, leading to a partial intraday recovery and settling at 24,718.60, down 0.68%. Barring Nifty IT and realty, all major sectoral and broader market indices ended in the red. The advance-decline ratio weakened to 1:2, indicating broad-based profit booking. On a weekly basis, Nifty declined approximately 1.14% and formed a bearish candlestick, reflecting volatility and sustained selling pressure throughout the week. From a technical perspective, Nifty50 has slipped below its 21-day moving average (DMA), signalling short-term weakness. However, the index continues to trade above its key long-term moving averages (50-, 100-, and 200-DMA), suggesting that the broader trend remains structurally intact. On the daily chart, the relative strength index (RSI) is exhibiting a downward slope, accompanied by a negative MACD crossover, reinforcing the near-term bearish bias. Meanwhile, the weekly RSI has remained range-bound over the past four weeks, currently positioned around 58, supported by a positive MACD setup. According to O'Neil's methodology of market direction, Nifty has reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of June 11th, 2024. The index maintained a negative bias throughout the week and closed below 25,000 on a weekly basis. However, it managed to hold above the key support zone of 24,500–24,400 and staged a partial recovery during Friday's session following a sharp gap-down opening. Going forward, 24,500–24,400 will act as a crucial support area, and a decisive breach below this range could trigger further downward movement toward 24,000–23,800. On the upside, the index is expected to face strong resistance near 25,000, followed by 25,200. Also read: The capital goods sector gets a power-up, its weight rises in Nifty How did Nifty Bank perform? This key sectoral index recorded a fresh all-time high of 57,049. However, it faced sustained profit booking at higher levels through the latter part of the week. As a result, it formed a shaved-head bearish candle on the weekly chart, registering a decline of 1.86%. Similarly, the FINNIFTY index also declined 1.85% for the week, underscoring continued weakness in the broader financial segment. On Friday, all index constituents closed in negative territory, with notable pressure from heavyweights such as HDFC Bank, SBI, and ICICI Bank. From a technical standpoint, the index has breached its 21-DMA and continued to trade below it on Friday, signaling short-term weakness. Additionally, it broke below the lower boundary of the rising wedge pattern on the daily chart and closed beneath it, reinforcing the bearish bias. The relative strength index (RSI) is trending downward and currently hovers around 51, accompanied by a negative MACD crossover on the daily timeframe. On the weekly chart, the RSI is also weakening, though the MACD maintains a positive crossover, reflecting a mixed outlook for this key sectoral index. Also Read: Tata Communications shifts focus: Can it transform into a digital powerhouse? According to O'Neil's methodology of market direction, Bank Nifty has recently transitioned from an 'Uptrend Under Pressure" to a bullish phase of a 'Confirmed Uptrend." The index is likely to remain range-bound with a negative bias in the near term. Immediate support is seen at 55,000, with the next key level at 54,500. On the upside, the index faces resistance around 56,000, followed by a stronger hurdle near 57,000. A decisive move beyond either boundary may determine the next directional trend. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543)" Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
22-05-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 22 May
On Wednesday, Nifty 50 rose 0.52% to close at 24,813.45, supported by strong gains in all major sectoral indices. A recovery in foreign institutional investor (FII) flows helped improve sentiment after significant outflows in the previous session. Additionally, positive quarterly results from select companies and a technical rebound contributed to the market's upward movement. Two stock recommendations by MarketSmith India: Buy: Krishna Institute of Medical Sciences Ltd. (current price: ₹ 662.75) ● Why it's recommended: Strong financial performance, operational efficiency ● Key metrics: P/E: 62.89, 52-week high: ₹ 708, volume: ₹ 72.82 crore ● Technical analysis: Reclaimed its 21-DMA ● Risk factors: Regulatory risks, operational challenges in new facilities ● Buy at: ₹ ₹ 662.75 ● Target price: ₹ 760 in three months ● Stop loss: ₹ 615 Buy: NTPC Green Energy Ltd (current price: ₹ 106) ● Why it's recommended: Robust project pipeline and capacity expansion, favourable government policies. ● Key metrics: P/E: N/A, 52-week high: ₹ 155.00, volume: ₹ 255.31 crore ● Technical analysis: Possible 100 DMA ● Risk factors: Capital-intensive nature of the sector ● Buy at: ₹ 106 ● Target price: ₹ 122 in three months ● Stop loss: ₹ 99 How Nifty performed on Wednesday Benchmark indices Nifty50 and Sensex rebounded strongly on Wednesday, ending a three-day losing streak, driven by buying in BFSI, Energy, and IT sectors. Nifty opened flat at 24,744 and climbed to an intraday high of 24,946, but gains were capped as the index slipped to 24,685 amid volatility in the afternoon. The market remained range-bound, reflecting indecision between bulls and bears. Despite the choppy session, the index formed a bullish candlestick with a long upper shadow, suggesting buying at lower levels and profit booking near resistance. All sectoral indices closed in the green, and the advance-decline ratio of 9:5 indicated strong broader market participation. Although Nifty 50 breached and closed below 25,000 on Tuesday, the overall trend remains positive, with the index still trading above all key moving averages. The relative strength index (RSI) has turned downward but remains in bullish territory, currently positioned around 60. Meanwhile, the MACD indicator has formed a negative crossover on the daily chart. However, it continues to hover above the zero line, suggesting that the broader upward momentum has yet to be decisively negated. According to O'Neil's methodology of market direction, Nifty50 transitioned from a 'Rally Attempt" to a 'Confirmed Uptrend". The index found support in 24,650–24,700 on Wednesday and rebounded, ending the session on a positive note. However, it traded in a narrow range and failed to surpass 25,000, as profit booking emerged at higher levels. While the broader trend remains bullish, a sustained breakout above 25,000–25,200 is essential to confirm further upside momentum in the coming sessions. On the downside, immediate support is seen at 24,650, with the next critical support around 24,400, near the 21-day moving average (21-DMA). Also Read: DLF's Q1 launches to set the tone for FY26 pre-sales trajectory How did Nifty Bank perform yesterday? Bank Nifty traded sideways amid a volatile session and ended on a positive note. Wednesday's price action formed a Doji candle on the daily chart, reflecting indecision in the market. Although the index breached its previous intraday low, it managed to recover and closed in the green. Bank Nifty hovered around its 21-day moving average (21-DMA), and a decisive close below this level could signal further weakness in the coming sessions. The index opened at 55,060, moved within a range of 55,270–54,690, and settled at 55,075. The index continues to trade above all its key long-term moving averages, indicating a sustained positive trend. However, the momentum indicator, relative strength index (RSI), has flattened and is currently hovering at 57–58, suggesting a loss of upward momentum. Additionally, the moving average convergence divergence (MACD) has formed a negative crossover while remaining above the zero line. This reflects weakening short-term momentum within the context of an overall bullish structure. According to O'Neil's methodology of market direction, Nifty Bank transitioned from an 'Uptrend Under Pressure' to a 'Confirmed Uptrend". Also Read: IDFC's growth hits a speed bump. Is the stock's bounce-back at risk? Bank Nifty traded largely sideways but managed to close above the 55,000 mark, indicating a tentative recovery. To regain bullish momentum in the coming sessions, the index must sustain above 55,000, which could pave the way for a move toward 56,000. However, failure to hold this threshold may lead to further consolidation or downside pressure. In such a scenario, the 21-day moving average, currently positioned around 54,400, is expected to act as immediate support in the near term. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
