Stock Market Recommendations

According to Bajaj Broking Research, NHPC and Symphony emerge as the top stock picks for today. Here's a detailed analysis on Nifty, Bank Nifty, and why these stocks stand out for April 4, 2025.

Index View: NIFTY

Nifty showcased a consolidation phase last week, oscillating between 23,000-23,800 after an 8.5% rally. This phase indicates a positive price structure, suggesting a higher base formation above the 50 days EMA. The current breather is seen as a buying opportunity in quality stocks.

NIFTY BANK

Bank Nifty has broken above a 10-week range, signaling a resumption of the upward trend. With weekly MACD generating a buy signal, the index is expected to head towards 53,000 levels, supported by the recent breakout area.

Stock Recommendations

NHPC: Buy in the range of Rs 82.00-85.50, targeting Rs 97 in 12 months. The stock's breakout above the falling channel and positive RSI signal suggest a promising upward trajectory.

Symphony: Buy in the range of Rs 1090-1150, with a target of Rs 1320 in 12 months. The stock's higher base formation and emerging buying demand highlight its potential for growth.

Disclaimer: The opinions and recommendations are from brokerage and do not reflect The Times of India's views. Consult a financial advisor before making investment decisions.