Stock Market Overview

As we step into January 9, 2025, the stock market presents a mixed bag of opportunities and challenges. According to Sagar Doshi, Senior Vice President- Research at Nuvama Professional Clients Group, the market is showing signs of resilience amidst volatility. Key stocks to watch include Minda Corporation, Oberoi Realty, and OIL, each with unique potential for growth.

Nifty and Bank Nifty Analysis

Nifty has shown a remarkable recovery, bouncing back from its lows, indicating a strong presence of short-term buyers. Meanwhile, Bank Nifty is navigating through a critical phase, with potential for a significant pattern breakout. Investors should keep a close eye on these indices for strategic entry and exit points.

Top Stock Recommendations

MINDACORP (BUY): With a last closing price of 532.90, MINDACORP is poised for a breakout. The stock has shown consistent support at its 200 DMA, signaling a strong base for upward movement.

OBEROIRLTY (BUY): At a last closing price of 2282.40, OBEROIRLTY is outperforming its peers, with a potential upside of 10-12%. Its resilience in a cooling sector makes it a standout choice.

OIL (BUY): OIL, with a last closing price of 491.70, has negated its bearish trend, thanks to external triggers. A short covering move suggests momentum could continue, making it a stock to watch.

Disclaimer

Please note, the opinions and recommendations provided are for informational purposes only and do not reflect the views of The Times of India. Always consult with a qualified investment advisor before making any investment decisions.