Stock Market Update: On Thursday, May 22, 2025, the Nifty 50 index closed at 24,609.70, down 0.82%, while Bank Nifty slipped by 0.24% to 54,941.30. Despite weak global cues and pressure on key sectors like IT, FMCG, and auto, Nifty found support at its 20-day Exponential Moving Average (EMA), showing signs of recovery.
According to Devarsh Vakil from HDFC Securities, Nifty’s immediate support lies between 24,400–24,500, with resistance levels at 24,840 and 24,946. Bank Nifty’s support is expected around 54,000–53,500 as per Bajaj Broking.
Experts like Vikram Kasat from PL Capital advise traders to remain cautious due to global uncertainties, domestic data, and high valuations.
Stock Recommendations for May 23, 2025:
By Sumeet Bagadia (Choice Broking):
1. Dalmia Bharat Ltd – Buy at ₹2106.9 with a stop loss of ₹2033 and a target of ₹2255. The stock shows strong bullish momentum.
2. Astral Ltd – Buy at ₹1442.4 with a stop loss of ₹1391 and a target of ₹1543. The stock is recovering with increased volume.
By Ganesh Dongre (Anand Rathi):
3. ICICI Prudential Life – Buy at ₹620 with a stop loss of ₹605 and a target of ₹645.
4. Bank of Baroda – Buy at ₹240 with a stop loss of ₹235 and a target of ₹250.
5. ICICI Bank – Buy at ₹1442 with a stop loss of ₹1420 and a target of ₹1470.
By Shiju Koothupalakkal (Prabhudas Lilladher):
6. Escorts Kubota – Buy at ₹3504 with a stop loss of ₹3440 and a target of ₹3670.
7. Bharat Dynamics Ltd – Buy at ₹1924 with a stop loss of ₹1880 and a target of ₹2040.
8. Moil Ltd – Buy at ₹376.5 with a stop loss of ₹368 and a target of ₹392.
Disclaimer:
The above article is for informational purposes only and does not constitute investment advice or recommendations. All views and opinions expressed are solely those of the individual analysts and broking firms quoted in the article. Investing in the stock market involves risks, including the loss of principal. The stock market is subject to fluctuations and past performance is not indicative of future results. Readers are strongly advised to consult with a certified financial advisor or a registered investment consultant before making any investment decisions.
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