Trade Setup for Nifty 50 & Global Markets: 8 Stocks to Buy or Sell on March 12, 2025

Stock Market Today: Nifty Advances Despite Volatility, Bank Nifty Closes Lower

The Nifty-50 Index did close Tuesday’s volatile day’s trading session at a 0.17% gain, or 22,497.90. The Bank Nifty also fell 0.75% to close at 47,853.95. IT industry also registered loss, while Realty and Oil & Gas led gainers. Larger market indices portrayed mixed patterns where mid-cap units rose but the small caps turned red.

Trade Setup for Wednesday: Stocks to Watch
Market experts have given their daily stock suggestions based on technical trends and have indicated possible buy opportunities.

Expert Stock Picks
Sumeet Bagadia’s Picks (Choice Broking)
1. PI Industries Ltd : Buy at ₹3353.90, Stoploss at ₹3236, Target ₹3589.
– The stock indicates a possible recovery from a long downtrend.
– Trading above the 20-day EMA with high volume support.
– Resistance at ₹3435; a break above this may validate bullish momentum.

2. Indus Towers Ltd : Buy at ₹341.40, Stoploss at ₹329, Target ₹365.
– The stock indicates bullish momentum and a potential breakout.
– It might go for the target price if it breaks above ₹350.

Ganesh Dongre’s Picks (Anand Rathi)
3. Zomato Ltd : Buy at ₹208, Stoploss at ₹200, Target ₹222.
– The stock has made a bullish reversal pattern.
– Support level at ₹200 indicating move upwards towards ₹222.

4. Axis Bank Ltd : Buy at ₹1025, Stoploss at ₹1000, Target ₹1060.
– Short-term upside potential is indicated by a bullish reversal pattern.
– Strong support at ₹1000.

5. ICICI Bank Ltd: Buy at ₹1245, Stoploss at ₹1215, Target ₹1270.
– The stock is gaining positive price momentum with support at ₹1215.

Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)
6. Taj GVK Hotels & Resorts Ltd : Buy at ₹500, Stoploss at ₹480, Target ₹550.
– The stock is gearing up for a breakout above ₹505-510 levels.

7. GlaxoSmithKline Pharmaceuticals Ltd : Buy at ₹2656, Stoploss at ₹2600, Target ₹2800.
– Robust volume activity and upwards momentum indicate gains to come.

8. GMR Airports Ltd : Buy price of ₹74.10, Stoploss at ₹72, Target price of ₹79.
– Presence of a bullish candle pattern in the daily chart indicates the purchase recommendation.

Market Outlook: Key Levels to Watch
A move above 22,700 would seal the deal of a bullish reversal, and take Nifty to 23,000, says Nandish Shah, Deputy Vice President at HDFC Securities. The support level now stands at 22,300.

For the Bank Nifty , Om Mehra, Technical Analyst at SAMCO Securities, feels that weakness shall continue unless the index closes above 48,500. Crucial support levels are 47,450 and 47,200.

Global Markets Today
In spite of severe selloffs in the U.S. and other Asian markets on concerns of economic slowdown, the local market is witnessing signs of steady revival. Moderation in valuations, declining crude oil prices, and hopes of a rebound in earnings are underpinning market stability.

Vinod Nair, Head of Research at Geojit Financial Services, pointed out that future retail inflation data will be important in influencing expectations for possible interest rate cuts.

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Stay tuned for additional market trend and stock tips.