Stock Market Today: Top Stock Picks for 29 May 2025

Stock Market Today : On Wednesday, the Nifty 50 index closed lower by 0.3%, ending at 24,752.45. It was a volatile day for the market, while Bank Nifty gained 0.12%, led by PSU banks. Other sectors like FMCG and Healthcare ended in the red. Mid-cap stocks remained flat, and small-cap stocks saw a slight rise.

Stock Market Today:

For 29 May 2025, the monthly expiry day, the Nifty index should find strong support around 24,600. This level also matches the 20-day Exponential Moving Average (EMA). On the upside, the 24,900 to 25,000 range may act as a resistance zone. Bank Nifty may face resistance near 56,100, while it finds support at 54,830.

Global and Domestic Influences

The Indian market remains cautious due to mixed global cues and a pause in Foreign Institutional Investors (FII) inflows. Concerns over India-US trade ties have added to the uncertainty. However, domestic factors such as better monsoon forecasts, low inflation, and strong Q4 GDP expectations may offer some support.

Stocks to Watch Today

Several market experts have shared stock recommendations for the day:

Force Motors Ltd: Buy at ₹11,764, target ₹12,550, stop loss ₹11,350.

Astra Microwave Products Ltd: Buy at ₹1,163.7, target ₹1,240, stop loss ₹1,122.

SRF Ltd: Buy at ₹2,900, target ₹3,100, stop loss ₹2,840.

Cummins India Ltd: Buy at ₹2,975, target ₹3,100, stop loss ₹2,935.

ICICI Prudential Life Insurance: Buy at ₹658, target ₹695, stop loss ₹640.

TD Power Systems Ltd: Buy at ₹489, target ₹520, stop loss ₹480.

Tanla Platforms Ltd: Buy at ₹609, target ₹640, stop loss ₹595.

Indraprastha Gas Ltd: Buy at ₹213, target ₹224, stop loss ₹208.

These picks are based on technical analysis and chart patterns. Investors should watch these stocks closely and set stop-loss levels to manage risk.

Disclaimer: This article provides information only and does not offer financial advice. Individual analysts base all stock recommendations on their own views, and this platform does not endorse or verify them. Economic, political, and global factors cause market conditions to change frequently. Investors should consult certified financial advisors before making any investment decisions.

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