Stock Market Today: Trade Setup for Nifty 50 & Q3 Results; 5 Stocks to Buy or Sell After Budget 2025
Market Overview
TStock Market Today: he Indian stock market witnessed volatility on Budget Day 2025, with the benchmark Nifty 50 index closing slightly lower by 0.11% at 23,482.15. Over the past week, Nifty-50 declined 1.5%, reflecting cautious sentiment among investors post-budget.
Despite the mixed sectoral trends, Bank Nifty ended at 49,506.95, gaining 2.4% over the week. The Realty and Auto sectors emerged as top gainers, while IT and Telecom stocks faced selling pressure. Meanwhile, broader indices remained flat, signaling neutral market sentiment.
Trade Setup for Monday
According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the short-term market trend remains bullish, though a range-bound movement is expected due to temporary overbought conditions.
Key Levels to Watch
| Index | Support Levels | Resistance Levels |
|---|---|---|
| Nifty 50 | 23,270 – 23,100 | 23,810 – 23,900 |
| Bank Nifty | 49,000 | 50,250 – 50,500 |
Bank Nifty continues its bullish formation, provided it stays above 49,000. However, it faces resistance near 50,500.
Global Markets, Q3 Results, and Budget 2025 Impact
Post-budget, the focus will shift towards:
- Corporate Earnings: Major Q3 results today include Bharti Airtel, ITC, Titan, Hero MotoCorp, and M&M.
- RBI MPC Meeting: Market players will track policy decisions for liquidity support and interest rate guidance.
- Global Cues & FII Flows: Foreign investments, high-frequency economic data, and global market trends will also influence sentiment.
5 Stocks to Buy or Sell After Budget 2025
Market analysts have picked 5 stocks that could offer good trading opportunities post-budget:
1) Bajaj Healthcare Ltd (Buy)
- CMP: ₹689.15 | Target: ₹740 | Stoploss: ₹660
- Analysis: The stock hit a new high of ₹699, indicating strong upward momentum supported by high volumes.
2) Shaily Engineering Plastics Ltd (Buy)
- CMP: ₹1613.4 | Target: ₹1730 | Stoploss: ₹1560
- Analysis: The stock has formed a double-bottom pattern, signaling a potential breakout above ₹1650.
3) ICICI Securities Ltd (Buy)
- CMP: ₹834 | Target: ₹860 | Stoploss: ₹820
- Analysis: A bullish reversal pattern indicates a likely retracement towards ₹860, while ₹820 remains a key support level.
4) Axis Bank Ltd (Buy)
- CMP: ₹998 | Target: ₹1025 | Stoploss: ₹975
- Analysis: A reversal formation at ₹998 suggests a continuation of the rally until the next resistance at ₹1025.
5) DLF Ltd (Buy)
- CMP: ₹760 | Target: ₹795 | Stoploss: ₹745
- Analysis: A bullish reversal pattern suggests the stock could rebound towards ₹795, holding strong support at ₹745.
Financial Ratios for Selected Stocks
| Stock | P/E Ratio | P/B Ratio | ROE (%) | Debt/Equity Ratio |
| Bajaj Healthcare | 20.5x | 3.2x | 18.5% | 0.25 |
| Shaily Engineering | 22.7x | 4.1x | 16.2% | 0.40 |
| ICICI Securities | 18.3x | 2.8x | 19.1% | 0.15 |
| Axis Bank | 15.2x | 1.9x | 14.5% | 0.70 |
| DLF | 23.1x | 3.6x | 17.8% | 0.55 |
Conclusion
The stock market post-budget remains at a critical juncture, with corporate earnings and RBI policies being key drivers. Investors should keep a close watch on support and resistance levels while trading, and select stocks based on technical analysis and financial strength.
For those looking to capitalize on short-term opportunities, the stocks recommended above offer favorable risk-reward ratios. However, risk management remains crucial in the current volatile market environment.
For more market insights, follow our blog.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.