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Time of India
3 days ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for June 19, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Kaynes, Mahanagar Gas Limited (MGL), and Gland Pharma are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for June 19, 2025: Index View: Nifty Nifty has again entered a consolidation zone after defending to break below its support of 24650 in Friday's trading session. Index view continues to show signs of remaining within this range of 24650 - 25050. Unless a closing on either side of this range is not confirmed - Nifty can remain rangebound post which a 500 pt directional trade opens in the direction on breakout. A firm direction can be seen as a reaction to US Fed policy outcome. Bank Nifty Bank Nifty as well inched towards the higher end of its developed range between 55400 - 56200. This is in sync with Nifty as the index managed to hold its neck above the support of 55400-55500 in last week's closing. Breakout on either side is likely to push for a 1000 pt move. KAYNES (BUY): LCP: 5714 Stop Loss: 5360 Target: 6100 KAYNES is showing early signs of reversal from its 200 DMA support after a recent 20% correction witnessed in last one month. This support is also insync with a 50% retracement seen between rally of February lows to highs of May 2025. Charts suggest a 10-15% rally unfolding in short term. MGL (BUY): LCP: 1421 Stop Loss: 1390 Target: 1520 Seven month high closing has been witnessed on charts of MGL along with a breakout above its 200DMA. This is marking an end to a 6 month sideways trend observed on the stock for a quick breather rally northwards suggesting 6-8% higher targets. GLAND (BUY) : LCP : 1735 Stop Loss : 1685 Target : 1900 Stock has given a 10 month sloping trendline breakout earlier this week. This being clubbed with a higher low formation on weekly charts on a wider 2 year timeframe. Momentum likely to pick up on closing above 1770 and nearest target is seen at its long term resistance of 1900 on charts. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
12-06-2025
- Automotive
- Time of India
Top stocks to buy today: Stock recommendations for June 12, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Tata Motors, Mphasis, and Hero Motocorp are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for June 12, 2025: Index View: Nifty Outlook Nifty has broken out from its 3 week consolidation and now stands at an eight month closing highs. With the index holding above 25050 resistance level for the past 3 consecutive days. This confirms a breakout from the range for higher targets of 25400 / 25600 however the support is far below at 24650. This is because for the past two days markets have closed lower than its open despite ending in green. Bank Nifty Bank Nifty broke out into fresh all-time highs after the monetary policy announcement as the index reclaimed its wall of worry. Outperformance of Bank Nifty is likely to continue for this week's trade as well as the index resumes further upside towards 57200 / 57600 odd, however fresh longs are likely to provide good risk to reward only on dips towards 56200. TATAMOTORS (BUY): LCP: Rs 736.40 Stop Loss: Rs 712 Target: Rs 782 Tata Motors stock has seen a 5-7% corrective consolidation in the past 3 weeks of trade which was an after effect of a sharp 40% rally before that. With supportive news flow for domestic players in the new EV policy acting as tailwind, passenger vehicle stocks are likely to see further momentum. Tata Motors is a cleaner set up amongst the peers on charts for another 6-8% rally from CMP. MPHASIS (BUY): LCP: Rs 2,679.90 Stop Loss: Rs 2,550 Target: Rs 2,870 After trading at an 18 month low in April, Mphasis has been rising in a steep upward moving channel. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 12% while LTIM is down 6% in the same period of 2025. A move towards the higher range of the bullish channel is likely to unfold for a target of 2850-2900. HEROMOTOCO (BUY): LCP: Rs 4,410.00 Stop Loss: Rs 4,150 Target: Rs 4,800 Having run up nearly 30% from its recent low in March – Hero Motocorp is now on verge of breaking out from an inverse head and shoulder pattern formation for fresh upside retesting its December 2024 highs. A bullish flag breakout is about to commence for targets aimed 10% higher from CMP. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
29-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 29, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for May 29, 2025: Index View: Nifty For the past 9 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. Unless a closing above 25050 is not confirmed, the downside swing towards 24300 / 24100 remains open on the index. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100. Bank Nifty Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1200-1500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55600. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777 After a bullish head and shoulder breakout on daily and weekly charts earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 7-9% is likely to be unfolded post this monthly derivative expiry. LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525 After trading at a 3 year low in April, LTIMindtree has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 13% while LTIM is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. ZYDUSLIFE (BUY): LCP: 925.60Stop Loss: 888Target: 980 Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
24-04-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for April 24, 2025
Top stocks to buy (AI image) Top stock market recommendations : According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Ambuja Cements, Jubilant FoodWorks and SBI Cards and Payment Services are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for April 24, 2025: Index View: Nifty After completing its 24k target and reclaiming above the 200 DMA, this is the third consecutive day wherein the index has closed above the same after a 10% flash rally. Given the geopolitical developments and a stretched rally looking tired on charts, we shift our stance to sideways from buy on dip with a short term support seen at 23900 below which weakening momentum could pick up. Despite a strong handover from the global front this morning, charts do not warrant an immediate upside after a flash rally seen in the past 10 trading days. Bank Nifty Bank Nifty continued to lead the charge amongst the widely tracked indices with staging a 1800 odd point rally for this week at yesterday's high. An additional 2000 points target had opened up on charts after its strong closing on Thursday. Yesterday was the first instance since the panic lows of 7th April that Bank Nifty underperformed Nifty marking an end to its upper hand in this leg. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Any closing below 55240 is likely to drag the index on a negative momentum from here on. We shall further the case after Bank Nifty's reaction near the 56200 levels, as it looks extremely overbought daily and hourly charts. AMBUJACEM (BUY): LCP: 574.35 Stop Loss: 560 Target: 606 Ambuja Cements stock has found strong support from its 5 year trendline earlier this month and this is its 6th touch base on this trendline in the past 5 years , making it all the more stronger. In the short term the 200 DMA has also been reclaimed along with the index as this helps in establishing its short term trend northwards. JUBLFOOD (BUY): LCP: 713.45 Stop Loss: 685 Target: 765 QSR stocks had been sliding since the start of this calendar year. Marking an end to the slide, Jubilant FoodWorks has given a breakout of a 3 month long correction while making a higher bottom formation all through the past 4 weeks. A quick 6-8% upside follows through this breakout on the stock. SBICARD (BUY): LCP: 915.90 Stop Loss: 882 Target: 1005 SBI Cards and Payment Services stock has closed at a fresh 22 month high with repeated lower high formation suggesting accumulation on every dips being observed. The scrip has held its neck above its 200 DMA as well as 200 WMA for the past 8-10 weeks now suggesting that its short term as well as medium term trend has now been established northwards and dips are likely to get bought into. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
