Stock Market Strategies: 8 Stocks You Should Watch Today

Stock Market Strategies:

The Nifty-50 index closed at 24,596.15 on Thursday. It showed a small increase of 0.09%. The Bank Nifty ended higher by 0.2%, reaching 55,521.15. The Pharma and IT sectors led the gains. On the other hand, Realty and Oil & Gas sectors did not perform well. Mid- and small-cap stocks also saw some positive movement, with a 0.17-0.33% increase.

Stock Market Strategies:

Nifty-50 managed to stay above the 24,450 level at the close. If it crosses the 24,800 mark, the index could rise towards 25,000. For Bank Nifty, experts say the support levels are 55,100-54,900. Resistance lies at 55,750-56,000.

Key Earnings to Watch

The earnings season for Q1 is almost over. On Friday, investors will focus on the results from major companies like SBI, Tata Motors, Siemens, and Info Edge. Experts expect the market to remain range-bound. Global factors like US-Russia peace talks and US tariffs on India could influence market movements. The direction of domestic earnings will also play a role.

Top Stock Picks for the Day

Experts suggest the following stocks for intraday trading:

1. Avalon Technologies Ltd: Buy at ₹955, set a stop loss at ₹918, and aim for a target of ₹1015.

2. Kajaria Ceramics Ltd: Buy at ₹1263, set a stop loss at ₹1220, and target ₹1350.

3. Tata Steel Ltd: Buy at ₹159, set a stop loss at ₹155, and target ₹167.

4. SBI Cards and Payment Services Ltd: Buy at ₹796, set a stop loss at ₹785, and aim for ₹815.

5. Jubilant FoodWorks Ltd: Buy at ₹735, set a stop loss at ₹725, and target ₹755.

6. Ramkrishna Forgings Ltd: Buy at ₹577.90, set a stop loss at ₹565, and target ₹605.

7. Navkar Corporation Ltd: Buy at ₹123.19, set a stop loss at ₹120, and aim for ₹130.

8. Torrent Power Ltd: Buy at ₹1357, set a stop loss at ₹1325, and target ₹1420.

Disclaimer

These recommendations are based on individual analysts’ views. Investors should consult certified experts before making investment decisions.