Stock Market Insights for March 4, 2025

According to Somil Mehta, Head of Alternate Research at Capital Market Strategy, Mirae Asset Sharekhan, today's top stock picks are CESC and NTPC. These selections are based on detailed technical analysis and market trends, offering potential investors a guide to navigating the current financial landscape.

CESC - A Promising Buy

Buy Range: Rs 130 - Rs 135
Stoploss: Rs 127
Target: Rs 140

CESC has shown signs of a small consolidation phase, with expectations of an upward breakout. The momentum indicator suggests a fresh positive crossover, indicating a potential bounce back from recent lows. Investors should watch for key support at Rs 127 and Rs 119, with resistance anticipated at Rs 140 and Rs 151.

NTPC - On the Verge of a Breakout

Buy Range: Rs 310 - Rs 320
Stoploss: Rs 300
Target: Rs 338

NTPC is displaying an inverted head and shoulder pattern, signaling a possible upward breakout. With the momentum indicator already showing a positive crossover, the stock is poised for a rebound from its recent corrections. Key support levels are at Rs 300 and Rs 292, with resistance expected at Rs 338 and Rs 352.

Disclaimer: The opinions, analyses, and recommendations expressed herein are those of the brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.