Market Recap:
The Nifty 50 index continued its consolidation phase on Tuesday, closing marginally higher by 0.04% at 23,668.65. Meanwhile, the Bank Nifty slipped 0.19% to end at 51,607.95. While IT stocks gained, Realty, Oil & Gas, and Metal sectors witnessed a downturn. The broader market indices also faced pressure, declining between 1.2% and 1.8%.
Nifty 50 Trade Setup for Wednesday
- The 23,600 level remains a critical support zone for the Nifty 50 index.
- If Nifty holds above this level, an upward move towards 23,850–23,900 is possible.
- A breakdown below 23,600 could weaken market sentiment.
For Bank Nifty, maintaining above 50,980 suggests a “buy on dips” strategy. However, 52,000 will act as a strong resistance level.
Global Market Trends
The domestic market remained resilient, marking its seventh consecutive session of gains. Analysts attribute this strength to foreign institutional inflows, a stable Indian Rupee, and positive cues from the US market.
Top Stock Picks for March 26, 2025
Market experts recommend these stocks for potential gains:
Sumeet Bagadia’s Recommendations
- AU Small Finance Bank Ltd
- Buy at: ₹557.9
- Target: ₹596
- Stop Loss: ₹537
- Kalpataru Projects International Ltd
- Buy at: ₹1,016.90
- Target: ₹1,088
- Stop Loss: ₹981
Ganesh Dongre’s Picks
- Castrol India Ltd
- Buy at: ₹209
- Target: ₹230
- Stop Loss: ₹204
- Mahindra & Mahindra Ltd
- Buy at: ₹2,730
- Target: ₹2,780
- Stop Loss: ₹2,680
- Avenue Supermarts Ltd (DMART)
- Buy at: ₹3,998
- Target: ₹4,060
- Stop Loss: ₹3,940
Shiju Koothupalakkal’s Stock Picks
- Godrej Consumer Products Ltd
- Buy at: ₹1,129
- Target: ₹1,200
- Stop Loss: ₹1,100
- Aster DM Healthcare Ltd
- Buy at: ₹443
- Target: ₹470
- Stop Loss: ₹430
- Nippon Life India Asset Management Ltd
- Buy at: ₹601
- Target: ₹635
- Stop Loss: ₹585
Conclusion
With a positive market trend and strong buying interest, analysts suggest maintaining a cautious yet optimistic approach. Keeping an eye on global cues and technical levels will be crucial for traders in the coming sessions.
