Stock market today: trade setup for Nifty 50 for global markets; 8 stocks to buy or sell on Monday- 24 February, 2025

Stock market today: Connection in the week continued as the end of February 21 Nifty -50 The index at 22,795.90 reduced about 0.6% a week, the week ended. The bank Nifty was also a marginal 0.2% at 48,981.20, while metals and utilities were top outparformers, while Autos, Pharma, FMCG and telecom were the major underperformers. However, broad markets, middle and small-caps were reversed

Business setup for Monday

For the Nifty 50 index, we can expect a quick technical pullback rally if it is successful in keeping above 22950. If this happens, it can bounce back to 23100–23200. However, if it falls below 22720, the improvement wave is likely to continue, AMOL Athawale, VP-Technical Research, Kotak Securities said.

Weak emotions may continue until the bank trades the Nifty 20-day SMA. Falling below this level can be a retest of 48500, Athwell added

Global market today

The upcoming holiday-shorted week is expected to remain unstable due to the termination of the derivative contracts of February. Additionally, in the trends of foreign institutional investors (FII), the flow and update on American tariff policies will be closely seen, Ajit Mishra said – SVP, Research, Religre Broking Limited.

Although there is a healthy improvement in the market, the gradual recovery of corporate income and the ongoing tariff-related risks continue to doubt the level of the valuation, especially in the broad market. India is lagging behind its Asian colleagues, as FII outflows are high, with “SAIL India, by China” strategy, the return for returns is now going on, Vinod Nair, Head of Research, Geogit financial services,

Stock to buy today

Sumit Bagadia, Executive Director of Choice Broking, has recommended two stock pics for today. Ganesh Dongre, senior manager of technical research at Anand Rathi, suggested three shares, while Shiju Kutupalakkal, Senior Manager – Technical Research, Technical Research at Prabhudas Lilader has given three stock pics.

Stock Pix of Sumit Bagadia

1.RPG Life Sciences Limited– Bagadia recommends buying Rpg life science But 2730.05, maintaining stop loss 2285 for the target price of 2550

RPG Life is demonstrating strong up speed, currently trading with a solid uptrend at 2730.05 that reflects increased purchase interest. The recent formation of a strong boom speed shows that buyers are actively moved, higher to stock. After a slight pullback from its recent swing high level of 2626, the stock got support at the 100-day experienced average (EMA) level of 2250, from which it turned out decisively, a strong base and fresh purchase pressure Indicates

2. Anoop Engineering Limited– Bagadia recommends buying Anap engineering But 3179.85 Keeping on Stoploss 3050 for the target price of 3380

Anoop shows a strong speed speed, a sufficient upward movement and is clear from a significant closing around 3179.85. The stock is experiencing strong purchases of interest, which continuously benefited and an attempt was made to consolidate after recent bounce.

Ganesh Dongre’s stock to buy today

3. Phoenix Mills Limited– Dongre recommends buying Phoenix Mills But Keep 1574 Stoploss 1550 for the target price of 1605.

Looking at the daily chart, a remarkable rapidly reversed pattern has surfaced. This technical pattern suggests the possibility of a temporary retracement at the price of stock, potentially reaching around 1605. Currently, the stock is maintaining a significant support level in rupee. 1550. Given the current market value of the rupee, a purchase opportunity is emerging. This shows that investors may consider buying stocks at their current price, which expects an increase in the identified target of Rs.1605.

4. Bajaj finance limited– Dongre recommends buying Bajaj finance at around 8387 on capping stops 8250 for the target price of 8600

In recent short -term trend analysis of stocks, a remarkable rapidly reversed pattern has surfaced. This technical pattern suggests the possibility of a temporary retracement in the price of stock, possibly almost Rs. 8600. Currently, the stock is maintaining a significant support level at Rs.8250. Given the current market value of Rs.8427, a purchase opportunity is emerging. This shows that investors can consider buying stocks at their current price, which is Rs. There is a possibility of growth towards the identified target. 8600.

5. SBI Life Insurance Company Limited– Dongre recommends buying SBI life But Keeping in mind 1480 stoploss 1440 for target price of 1525.

In recent short -term trend analysis of stocks, a remarkable rapidly reversed pattern has surfaced. This technical pattern suggests the possibility of a temporary retracement in the price of stock, possibly almost Rs. 1525. Currently, the stock is maintaining a significant support level on Rs.1440. Given the current market value of Rs.1480, a purchase opportunity is emerging. This shows that investors can consider buying stocks at their current price

Stock recommendations of Shiju Kuthupalakkal

6. Eicher Motors Limited– Kothupalakkal recommends buying Eicher Motors But 4962 for the target price of Ban on 5200 4870

Stock has seen a decent pullback to advance to the 200 period MA to improve prejudice and is anticipated for further increase in the coming days. The RSI is firmly recovered from the oversold zone and is growing with the indicated strength and with a positive trend reversed, it has indicated a purchase from the current rate. With the chart looking very attractive, we suggest purchasing stocks with upside potential for a target of 5200, maintaining a stop loss of 4870.

7. Kaynes Technology India Limited– Kothupalakkal recommends buying Kaynes technology But 4367 for the target price of 4570 keeping at stoploss 4270

Stock has indicated a significant recovery after a short period of consolidation near 3900 zones with stability and improves bias with positive candle formation that appears on the daily chart. The RSI has picked up a highly oversold zone to indicate a purchase and is currently deployed with a much more possible potential potential to appear at the current rate. With the risk-inam being very favorable, we suggest purchasing stocks for an inverted target of 4570 that maintains a stop loss of 4270.

8. Gabriel India limited – Kothupalakkal recommends buying Gabriel at around 480 for the target price of 507 Keep a stoplaus 470

After indicating a high floor formation pattern on a daily chart to go above the stock 467 level 50ma zone, prejudice has improved and we expect further increase in coming sessions. The RSI is well placed and indicated with strength, there is a lot of scope for steps forward. With the chart look good, we suggest that the 470 stop los, purchasing stocks for the inverted target of 507, while maintaining a stop loss.

Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.