Top stock market recommendationsAccording to Akash’s Hindocha, Deputy Chairman – WM Research, NUVAMA professional customer group, DLF, SRF, and Adani Port are the top purchase calls for today. Here is his view on Nifty, Bank Nifty and Top Stock Pix for March 13, 2025:
Index View: Nifty
The Nifty recovered about 150 points from Wednesday’s intraday offering, which was due to a weak global handover to end the flat purely. The index has been above its recent resistance of 22450 since the last few days as the market waits for a small covering trigger. The charts have been opened for a travel of 22800+ for this week, which has been awaited by a positive feeling trigger to lift the index high. On the negative side, the 22250 index is likely to act as a fresh demand generator.
Bank nifty
Bank Nifty on the flip side ended early 9 months earlier this week, as there is pressure on small private banking space. Any price action allows the index to be maintained below 47800, which can carry forward a recession cup and handle the bank’s break on the Nifty chart. The reject for the same is at 48100, while a small covering moves do not trigger a closed above 49000 on the index.
DLF (Buy):
LCP: 668.70
Stop Loss: 646
Target: 718
DLF has completed 35% improvement from its height, a similar percentage of coldnoups started in 2021-2022 since the improvement in this realty bull market. A reversal has been confirmed on the weekly chart, with an initial spike of 6-8% inverted.
SRF (Buy):
LCP: 2958.60
Stop Loss: 2846
Target: 3100
SRF has registered its highest weekly closing as chemicals have begun to show signs of ending their multiaier consolidation. Looking at the flag brakeout running on the stock chart, it is continuing its speed and can increase it by 5-7% from the CMP.
Adaniports (Buy):
LCP: 1128.30
Closed loss: 1098
Target: 1200
A 3 -month trendline breakout has been seen on the chart of Adaniports, it is in synchronization with a 50% retracement zone on the chart near 1000 where the chart has formed the triple bottom. A retract of 200 DMA reverse is now open to 1200+
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.
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