Stock market recommendations: According to Bajaj Broking Research, Aurobindo Pharma, and Gokaldas exports are top stock pics for today. Here is the approach on Nifty, Bank Nifty and Top Stock Pix for May 30, 2025:Index View: NiftyThe benchmark indices extended consolidation for the second week in one line amidst stock specific action. The Nifty is integrated into the range of 24,400-25,200. Despite facing many global macroeconomic and geopolitical headwinds – including increased geo -political stress, frequent global business tariff uncertainties, and elevating US bond yields – the Indian equity market continues to perform a flexible upwards. The benchmark Nifty 50 index has maintained its positive trajectory and is now kept around 24,800 levels.From a short -term technical point of view, the market sentiment remains creative. The index is expected to find a strong demand in the support area of 24,400–24,500. As long as this major support limit is conducted, we estimate the Nifty 50 that it continues its speed of speed towards resistance at 25,200–25,300 levels in the short term. Short-term support for Nifty is placed at 24,400-24,500 levels, which is a confluence of 20 days EMA, previous breakout area and the last 2 weeks of climb. While 25,200–25,300 on the high side is a major hurdle area that is 80% of the previous major high and full decline (26.277-21,744).Factors supporting positive speeds in the market 1) The Indian Meteorological Department (IMD) (3) cuts the rate of rate in monetary policy results (2) above the general monsoon forecast, Brent raw price prices remain a bottom, offering a major tailwind to the Indian economy, which is a pure yield of crude.Nifty bank
- Bank Nifty continues to consolidate in the wide range of 56,000-53,500 in the last 5 weeks.
- A major technical observation on the daily chart is that the index has already taken 26 sessions; It has surpassed just 38.2% of the former 9-Satar rally (49,157–56,098), indicating a shallow pullback that suggests the underlying strength and potential high bottom formation.
- We hope that the index will expand the consolidation of the last 5 weeks in the range of 53,500-56,000. One step above only 56,000 levels will indicate the acceleration of UP towards 56,700 levels in the coming sessions.
- Within consolidation we believe that dips should be used as an opportunity to buy. The main support placed at 54,000-53,500 because it is the confluence of the last 5 weeks limit, major retracement and the bottom band of 50 days EMA.
Stock recommendations:Aurobindo PharmaBuy at the range of Rs 1155-1175
The stock is taking support in the growing trendline support of the hint of promoting the demand for purchase at low -lying levels of the last 3 months.The daily stochastic is rebounding from the oversold area and has generated a purchase signal above the average of its three periods, thus validing positive bias. We hope that the stock will move towards 1278 levels in the coming months, which is the previous fall (1356–1010) and 80% of the high level of April 2025.Gokeldus exportBuy at a range of Rs 960-980
The stock is buying demand from the previous major breakout sector and provides the confluence and new entry opportunity of EMA signaling strength 20- and 50-day. It is currently trading above short and long -term moving average signaling strength and overall positive bias.The daily stochastic is rebounding from the oversold area and has generated a purchase signal above the average of its three periods, thus validing positive bias. We hope that the stock will grow towards 1090 levels in the coming months, which is 123.6% external retracement of the previous decline (1060–925). 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.
