Stock Market Overview

According to Bajaj Broking Research, Zydus Lifesciences and National Aluminium emerge as the top stock picks for today. The Nifty index, despite global volatility, has shown resilience, maintaining a positive bias and holding above the 22,300 support area. Concerns over trade tensions and fluctuating US policies are contributing to a challenging environment for traders and investors, keeping the equity market volatile.

NIFTY and NIFTY BANK Analysis

The Nifty index is expected to gradually move higher towards the 23,500 levels, aligning with the 200-day moving average. Meanwhile, the Bank Nifty has seen a strong up move, with expectations of heading towards the 50,600 upper band. A breakout above this level could signal a major reversal of the corrective trend.

Stock Recommendations

Zydus Lifesciences: Buy in the range of Rs 900-922, with a stoploss at Rs 847 and a target of Rs 1024 over a one-month period. The stock is forming a base around the long-term 100-week EMA, offering a fresh entry opportunity.

National Aluminium: Buy in the range of Rs 187-191, with a target of Rs 210 and a stoploss at Rs 179 over a one-month period. The stock is consolidating around the 52-week EMA, indicating a higher base formation after a recent sharp decline.

Disclaimer: The opinions, analyses, and recommendations expressed herein are those of 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.