Top Stocks to Track in Today’s Stock Market

Top Stocks to Track: The Indian stock market saw a slight decline on Wednesday. It is with the Nifty 50 index dropping by 0.77% to close at 23,486.85. Bank Nifty also fell ending at 51,209. Various sectors including Realty, IT and Pharma, experienced losses. Broader indices corrected within a range of 0.7% to 1.2%.

Nifty 50 Trade Setup

Experts suggest that the Nifty 50 has immediate support at 23,400. It is with a stronger base at 23,141. On the upside resistance is anticipated at 23,600 and 23,869. Bank Nifty’s next movement will depend on overcoming the resistance zone of 52,000–52,100.

Global Market Impact

Global markets faced volatility due to the upcoming US tariff announcements. Sectors with high US exposure like Pharma and IT has encountered selling pressure. Additionally oil prices increased following US sanctions on Iran. But Foreign Institutional Investors (FIIs) inflows and improving domestic fundamentals are expected to stabilize the market.

Top Stocks to Track:
Market analysts have recommended several stocks for the day:

1. Radico Khaitan Ltd – Buy at ₹2,334 with a stop loss at ₹2,250 and a target of ₹2,480.
2. Nava Ltd – Buy at ₹488.5 maintaining a stop loss at ₹470 and targeting ₹520.
3. Trent Ltd – Buy at ₹5,320 with a stop loss at ₹5,250 and a target of ₹5,400.
4. Usha Martin Ltd – Buy at ₹348 set a stop loss at ₹335. Aim for ₹365.
5. Natco Pharma Ltd – Buy at ₹821, keeping a stop loss at ₹804 and targeting ₹930.
6. Bharat Dynamics Ltd – Buy at ₹1,326, with a stop loss at ₹1,300 and a target of ₹1,400.
7. Chennai Petroleum Corporation Ltd – Buy at ₹630,l with a stop loss at ₹615. Target of ₹670.
8. Varun Beverages Ltd – Buy at ₹527. With a stop loss at ₹515. Target of ₹560.The market remains volatile amid global uncertainties. However with strong technical support levels and selective stock recommendations, investors may find profitable opportunities. Staying updated on global events before investing is advisable.

Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice. Please consult with a professional advisor before making any investment decisions.
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