Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Wednesday— March 26, 2025

Stock Market Today: After smart rebound seen in past few trading sessions the benchmark Nifty -50 index consolidated on Tuesday, ending 0.04% higher at 23,668.65. The Bank Nifty ended 0.19% lower at 51,607.95, while Realty, Oil & Gas, and metal were key losers. It sector gained. The broader indices saw pressure, losing between 1.2% and 1.8%

Trade Setup for Wednesday

For Nifty 50 index 23,600 would be the key support zone. Above this level, the market could retest the range of 23,850 to 23,900 On the downside, a dismissal of 23,600 could alter market sentiments, said Shrikant Chouhan, Head Equity Research, Kotak Securities.

As long as Bank Nifty holds above 50,980, a "buy on dips" strategy should be adopted. On the higher side, 52,000 will act as a stiff hurdle for Bank Nifty said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd.

Global Markets Today

The market managed to close in the green for the seventh consecutive trading session on Tuesday, which suggests there is continued buying interest in domestic equities. We expect the market to continue with a gradual up-move on the back of FII inflows, strong INR and positive cues from US market, said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

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 stocks picks.

These include AU Small Finance Bank Ltd, Kalpataru Projects International Ltd, Castrol India Ltd, Mahindra & Mahindra Ltd, Avenue Supermarts Ltd, Godrej Consumer Products Ltd, Aster DM Healthcare Ltd and Nippon Life India Asset Management Ltd

Sumeet Bagadia's stock pick

1. AU Small Finance Bank Ltd- Bagadia recommends AU Small Finance Bank at ₹557.9 keeping Stoploss at ₹537 for a target price of ₹596

AUBANK is currently trading near ₹557.9, demonstrating a sharp recovery from lower levels with six consecutive bullish sessions, signaling a strong reversal in momentum. The stock is on the verge of breaking its recent lower high, supported by a significant increase in trading volumes, reflecting strong buying interest

2.Kalpataru Projects International Ltd - Bagadia recommends buying Kalpataru Projects at ₹1016.90 keeping Stoploss at ₹981 for a target price of ₹1088

Kalpataru Projects is currently trading near ₹1,016.90, demonstrating a sharp recovery from lower levels with seven consecutive bullish sessions, signaling a strong reversal in momentum. The formation of a strong bullish candle further confirms a sustained long-term reversal, while increasing trading volumes reinforce the positive outlook, indicating strong buying interest.

Ganesh Dongre's stocks to buy today

3.Castrol India Ltd - Dongre recommends buying Castrol India at ₹209 Stoploss at ₹204 for a target price of ₹230.

In the recent short-term trend analysis of the stock, currently stock is into oversold zone. Looking towards the daily chart 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 ₹230. At present, the stock is maintaining a crucial support level at Rs.204 level. Given the current market price of Rs.209, 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 Rs.230.

4. Mahindra & Mahindra Ltd - Dongre recommends buying Mahindra & Mahindra at ₹2730 keping Stoploss at ₹2680 for a target price ₹2780

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 Rs.2780. At present, the stock is maintaining a crucial support level at Rs.2680. Given the current market price of Rs.2730, 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 Rs.2780

5. Avenue Supermarts Ltd (DMART)- Dongre recommends buying Avenue Supermarts at ₹3998 keeping Stoploss at ₹3940 for a target price of ₹4060.

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 Rs.4060. At present, the stock is maintaining a crucial support level at Rs.3940. Given the current market price of Rs.3998, 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 Rs. 4060.

Shiju Koothupalakkal's intraday stocks for today

6.Godrej Consumer Products Ltd- Koothupalakkal recommends buying Godrej Consumer at ₹1129 for a target price of ₹1200 keeping Stop Loss at ₹1100

The stock has witnessed a strong pullback from the bottom made near 985 levels and has moved past the important 50EMA at 1085 zone improving the bias and with strength indicated has scope for further rise in the coming sessions. The RSI is steadily on the rise from the oversold zone and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of 1200 keeping the stop loss of 1100 level.

7. Aster DM Healthcare Ltd- Koothupalakkal recommends buying Aster DM Healthcare at ₹443 for a Target price of ₹470 keeping Stop Loss 430

The stock has witnessed a gradual rise taking support near the important 200 period MA at 424 zone and shown improvement just moving past the significant 50EMA level at 441 zone to improve the bias and further rise can be expected. The RSI has recovered strongly from the oversold zone and is on the rise, indicating a positive trend reversal to signal a buy. With the chart technically well positioned, we suggest to buy the stock for an upside target of 470 keeping the stop loss of 430.

8. Nippon Life India Asset Management Ltd- Koothupalakkal recommends buying Nippon Life India Asset Management at ₹601 for a target price of ₹635 keeping Stoploss at ₹585

The stock has indicated a steady rise from the low made near 500 zone taking support and has shown strength moving past the important 50EMA zone at 576 level to anticipate for further rise in the coming sessions. The RSI has picked up well with a gradual rise and has further scope for upward movement from current rate. With the chart technically looking attractive, we suggest to buy the stock for target of 635 keeping the stop loss of 585 level.

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.