Stock Market Recommendations for March 7, 2025

According to Bajaj Broking Research, the financial landscape is ripe with opportunities. Adani Ports and Axis Bank emerge as the top stock picks for today. Here's a detailed view on Nifty, Bank Nifty, and the top stock picks for March 7, 2025.

Index View: NIFTY

Nifty has recently witnessed a significant pullback, attributed to the strength in Asian and European markets, bargain buying in oversold stocks, and value buying in blue-chip stocks. The index, having been extremely oversold, is expected to extend its pullback towards 22,800 in the coming weeks.

NIFTY BANK

Bank Nifty has shown relative outperformance and is expected to continue its consolidation. A breach below the lower band of its current range could lead to an extended decline, while holding above the support area may result in a pullback towards 49,000 levels.

Stock Recommendations

Adani Ports: Buy in the range of Rs 1110-1140, with a target of Rs 1230 and a stop loss at Rs 1068. The stock has shown a breakout above the falling channel, signaling a reversal of the corrective trend.

Axis Bank: Buy in the range of Rs 1010-1040, with a target of Rs 1114 and a stop loss at Rs 968. The stock has broken out of its last 5 weeks consolidation range, indicating a resumption of the up move.

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.