The Indian market ended slightly lower on Wednesday as investors stayed wary amid global trade talks, unrest in Iran, and talk of possible U.S. military moves.
Market Overview
Broad sentiment was cautious. Consumer goods, IT, and auto stocks fell, while metals and oil‑&‑gas companies held up better, preventing bigger losses.
Expert Outlook
Choice Broking’s executive director said the Nifty 50 is trading in a tight range of 25,500‑25,800. The index slipped below the 25,700 mark, showing that bears were in control for most of the day. Key resistance sits near 25,750‑25,800, with support around 25,500‑25,550. The short‑term bias remains careful, and a clear move up or down will need fresh news.
For the Bank Nifty, a small positive candle hinted at a guarded bullish tone. Immediate resistance is around 59,800‑59,900, while support lies near 59,300‑59,400. The outlook is neutral‑to‑cautious unless new catalysts appear.
Five Stock Picks
- IndusInd Bank – Buy at ₹944.50, target ₹990, stop loss ₹899. The stock broke out of a channel and is now above its major moving averages, showing strong upward momentum.
- Dalmia Bharat – Buy at ₹2,177.30, target ₹2,365, stop loss ₹2,080. After a period of sideways movement, the share broke a falling trendline and is trading above key averages.
- SAIL – Buy at ₹152.44, target ₹165, stop loss ₹145.50. A solid breakout and healthy consolidation near recent highs suggest the uptrend will continue.
- NH – Buy at ₹1,946.10, target ₹2,110, stop loss ₹1,860. The price is forming higher lows and sits above short‑term averages, pointing to a fresh rise.
- KEI Industries – Buy at ₹4,384.60, target ₹4,720, stop loss ₹4,200. The share broke out of a wide range, found support near the 50‑day average, and is now making higher highs on the weekly chart.
Disclaimer
These insights are for educational purposes only. They reflect the views of the analyst mentioned, not a recommendation from any platform. Always do your own research or consult a certified adviser before making any investment decisions.