Stock Market Today: Trade Setup for Nifty 50 to Global Markets; 8 Stocks to Buy or Sell on Tuesday—February 25, 2025
As the stock market oscillates between gains and losses, investors are left wondering what lies ahead. The sharp correction witnessed in the Indian markets on Monday has raised concerns among market enthusiasts. The benchmark Nifty 50 index ended 1.06% lower at 22,553.35, with Bank Nifty at 48,651.95 and Nifty IT and metal falling the most. However, FMCG and auto sectors emerged as key gainers.
Trade Setup for Tuesday
The underlying trend of Nifty continues to be negative, with a possibility of more weakness down to the next support of 22,400 levels (20-month EMA). Immediate resistance is placed at 22,750 levels, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Global Markets Today
Fears of a US economic slowdown weigh on domestic IT companies, while NBFC, financials, real estate, and consumer durable stocks are likely to be in focus post the release of RBI’s February 2025 meeting minutes on Friday. Expectations are that easing in headline inflation might lead the RBI to continue with further rate cuts in its upcoming April 2025 meet.
Stocks to Buy Today
Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager—Technical Research, at Prabhudas Lilladher has given three stock picks.
Sumeet Bagadia’s Stock Picks
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Archean Chemical Industries: Bagadia recommends buying Archean Chemical at around ₹497, keeping a Stoploss at ₹480 for a target price of ₹532.
Archean (ACI) is currently trading at ₹497 and is in a recovery phase following a sharp decline. The stock is attempting to establish an uptrend after rebounding from lower levels and has found strong support around ₹410. It is now approaching its 20-day Exponential Moving Average (EMA), and a close above this level would reinforce a bullish reversal. The Relative Strength Index (RSI) is currently at 45.46 and trending upward, indicating increasing buying momentum. - Varun Beverages: Bagadia recommends buying Varun Beverages at ₹499.95, keeping a Stoploss at ₹481 for a target price of ₹534.
Varun Beverages stock has been in a consistent downtrend, forming a lower low and lower high pattern, indicating sustained bearish momentum. Currently priced around ₹499.95, the recent rise from the support levels at ₹460 follows a long period of decline, hinting that things could improve if more buyers continue to support the stock.
Ganesh Dongre’s Stock Recommendations
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IndusInd Bank Ltd: Dongre recommends buying IndusInd Bank at around ₹1030, keeping a Stoploss at ₹1010 for a target price of ₹1055.
In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around ₹1055. At present, the stock is maintaining a crucial support level at ₹1010. Given the current market price of ₹1030, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of ₹1055. -
Interglobe Aviation Ltd (Indigo): Dongre recommends buying Indigo at ₹4536, keeping a Stoploss at ₹4470 for a target price of ₹4700.
In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around ₹4700. At present, the stock is maintaining a crucial support level at ₹4470. Given the current market price of ₹4536, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of ₹4700. - Bharat Electronics Limited (BEL): Dongre recommends buying BEL at ₹255, keeping a Stoploss at ₹248 for a target price of ₹270.
In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around ₹270. At present, the stock is maintaining a crucial support level at ₹248. Given the current market price of ₹255, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of ₹270.
Shiju Koothupalakkal’s Stock Recommendations
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TVS Motors: Koothupalakkal recommends buying TVS Motors at around ₹2362 for a target price of ₹2480, keeping a Stoploss at ₹2320.
The stock has indicated a higher bottom formation, taking support near the ascending trendline zone at ₹2290 levels and with a positive candle formation has improved the bias to expect for further rise. The RSI has shown improvement with a positive trend reversal visible, and having signaled a buy from current rates, with the chart looking very attractive, we suggest to buy the stock with upside potential visible for a target of ₹2480, keeping the stop loss of ₹2320. -
CG Power and Industrial Solutions: Koothupalakkal recommends buying CG Power at around ₹602 for a target price of ₹640, keeping a Stoploss at ₹588.
The stock has shown signs of bottoming out near ₹545 levels and with a steady pullback witnessed has improved the bias to anticipate for further upward move in the coming session. The RSI has shown a gradual rise with strength indicated and can carry on with the positive move further ahead. With the risk-reward very much favourable, we suggest to buy the stock for an upside target of ₹640, keeping the stop loss of ₹588. - GHCL: Koothupalakkal recommends buying GHCL at around ₹618.60 for a target price of ₹660 for a Stoploss 605.
The stock, after correcting, has once again arrived near the bottom zone of the ascending channel pattern at 600 levels and indicated a pullback to improve the bias, anticipating further rise. The RSI is well placed, signaling a buy from near the oversold zone, and there is much scope for a further upward move in the coming sessions. With the chart looking good, we suggest to buy the stock for an upside target of ₹660, keeping the stop loss of 605.
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.
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