Stock Market Recommendations

According to Bajaj Broking Research, Jindal Steel and Reliance Infra emerge as the top stock picks for tomorrow. Here's a detailed outlook on Nifty, Bank Nifty, and the recommended stocks for April 21, 2025.

NIFTY Previous Week Highlights

Benchmark indices witnessed a strong rally, gaining over 4% amid firm global cues and sustained foreign fund inflows. Banking stocks were standout performers, buoyed by easing CPI data and a normal monsoon forecast.

Outlook For Next Week

The index is expected to maintain a positive bias, targeting 24,200-24,300 levels. Volatility may rise due to tariff developments and the Q4 earnings season.

NIFTY BANK

Bank Nifty extended its rally, closing the week with a 6.5% gain. It's poised to reach 54,800-55,000 levels, with dips seen as buying opportunities.

Stock Recommendations

JINDAL STEEL: Buy in the range of Rs 870-884, targeting Rs 1020 with a stop loss at Rs 820.

RELIANCE INFRA: Buy in the range of Rs 255-265, targeting Rs 305 with a stop loss at Rs 240.

Disclaimer: The opinions and recommendations are those of the brokerage and not of The Times of India. Consult a financial advisor before making investment decisions.