Top Stock Market recommendations: According to Aacash K Hindocha, Deputy Chairman – WM Rescire, Nuvama Professional Clients Group, Ambuja Cements, Jubilant Foodworks and SBI Card and Payment Services are the top buy calls for today.Here is his view on Nifty, Bank Nifty and Top Stock Pix for April 24, 2025:
Index View: Nifty
After completing your 24K target and recovering above 200 DMA, this is the third consecutive day in which the index is closed above after a 10% flash rally. Given the geopolitical developments and a stretchy rally tired on the chart, we transfer our stance in 23900 with short -term support from the purchase from the purchase, which may increase the weak speed. Despite a strong handover from the global front this morning, charts do not immediately warrant the charts after a flash rally in the last 10 business days.
Bank nifty
Bank Nifty continued to lead the allegations among the widely tracked indices, staging the 1800 odd point rally at the high level of yesterday for this week. After a strong closure on Thursday, an additional target of 2000 points was opened on the chart. The first example since the terror mountain of April 7 was that Bank Nifty inscribed the Nifty in this leg till the end of its upper hand. Any closing index below 55240 is likely to be drawn from here at a negative speed.We will further extend the matter after the bank Nifty’s response near 56200 levels, as it looks extremely high in the daily and hour chart.
Ambujacem (Buy):
LCP: 574.35
Stop Loss: 560
Target: 606
Ambuja Cements Stock has gained strong support from its 5 -year trendline earlier this month and has a 6th touch base on this trendline in the last 5 years, making it stronger. In short term 200 DMAs are also retrieved with the index as it helps to establish its short -term tendency to the north.
Jublfood (buy):
LCP: 713.45
Stop Loss: 685
Target: 765
The QSR stock was slipping since the beginning of this calendar year. Marking the end of the slide, Jubilant Foodworks has given a 3 -month long correction breakout, forming a high floor through the last 4 weeks. A quick 6-8% reverse through this breakout on the stock.
Sbicard (buy):
LCP: 915.90
Stop Loss: 882
Target: 1005
Stock of SBI Card and Payment Services has been closed at a fresh 22 -month high, which suggests repeatedly high formation, which suggests accumulation on every dips. Scrip has placed its neck over 200 WMA for the last 8-10 weeks along with its 200 DMAs, which now suggests that its short-term as well as medium-term trends are now installed north and are likely to be purchased in dips.
Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.
