Stock Market Today: Trade Setup for Nifty 50 Election Result in Maharashtra; 5 stocks to buy or sell on Monday – November 25

Today’s stock exchange: Reference point Nice 50 indices and S&P BSE Sensex ended the week ending November 22 with a gain of around 1.5%, providing relief to investors. Nifty Bank also followed suit, ending at 51,135.40 while key players dominated Auto and Realty FMCG. Broader indexes also ended higher.

Trade setup for Monday

As long as the market trades above the 200-day simple moving average or 23,600 in the case of Nifty and 77,500 in the case of Sensex, the pullback pattern is likely to continue, said Amol Athawale, vice president, technical research, Kotak Securities. On the higher side, Nifty may rise to 24000-24200 and Sensex to 79400-79900

For Bank Nifty, attached is a quote from Nifty and Bank Nifty Outlook by Jatin Gedia, Technical Research Analyst at Sharekhan. From a short-term perspective, the positive momentum is expected to continue towards 52100. The key support zone is at 50500 – 50400.

Russia-Ukraine war, election results in Maharashtra in focus

On Monday, the market will react to the outcome of the state assembly elections in Maharashtra and Jharkhand, as well as other global triggers, including the development of the Russia-Ukraine war, said Siddhartha Khemka, Research Director, Wealth Management, Motilal Oswal Financial Services Ltd. Overall overall, the corporate earnings table for Q2FY25 was weak, but excluding raw materials, it showed linear earnings growth. Consumption has emerged as a weak point while select segments of BFSI are facing asset quality pressure, Khemka added.

Shares available for purchase today

Sumeet Bagadia, executive director of Choice Broking, recommended two types of stocks for today. Ganesh Dongre, senior technical research manager at Anand Rathi, suggested three stock ideas.

Sumeet Bagadia buy shares today

1) HCL Technologies Ltd– Bagadia recommends purchasing HCL Technologies On ₹1898.4, keeping the Stoploss at the level ₹1830 for the target price ₹ 2015

HCL Technologies is currently listed on ₹1898.4. The stock recently emerged from the consolidation phase of the 1800-1880 range and is currently trading at all-time highs, confirming its upward momentum. The relative strength index (RSI) is 62.58, indicating strong bullish strength.

2) UltraTech Cement Limited Liability Company– Bagadia recommends purchasing UltraTech at Rs 11,375.3, keeping the Stoploss at ₹10975 for the target price ₹11950

UltraTech is currently listed on ₹11,375.30, showing an upward trend. The stock recently broke out of a downtrend line and closed above a critical resistance level ₹11,300, which is supported by a noticeable increase in trading volumes. This means great interest in purchases and suggests further growth dynamics. In the short term, the company’s stock appears poised to achieve its target price of ₹11950.

Ganesh Dongre shares available for purchase today

3) Aurobindo Pharma Ltd- Dongre recommends purchasing Aurobindo On ₹1225, keeping the Stoploss at ₹1204 maintaining target price ₹1250.

A noticeable bullish reversal pattern has emerged in the latest short-term stock market trend analysis. This technical pattern suggests the possibility of a temporary retracement in the share price, potentially reaching approx ₹1250. Currently, the stock holds a key support level at Rs 1,204. Considering the current market price of Rs 1,225, there is a buying opportunity. This suggests that investors could consider buying the stock at its current price, expecting growth towards its target ₹1250.

4) Zydus Lifesciences Ltd– Dongre recommends purchasing Zydus Natural Sciences On ₹950, keeping the Stoploss at ₹935 for the target price ₹975

A noticeable bullish reversal pattern has emerged in the latest short-term stock market trend analysis. This technical pattern suggests the possibility of a temporary retracement in the stock price, potentially reaching around Rs 975. Currently, the stock holds a key support level at Rs 935. Given the current market price of Rs 950, there is a buying opportunity. This suggests that investors could consider buying the stock at its current price, expecting a rise towards the set target of Rs 975.

5) Coal India Ltd– Dongre recommends purchasing Coal India On ₹415, keeping the Stoploss at the level ₹407 for the target price ₹425.

A noticeable bullish reversal pattern has emerged in the latest short-term stock market trend analysis. This technical pattern suggests the possibility of a temporary retracement in the stock price, potentially reaching around Rs. 425. Currently, the company’s stock holds a key support level of Rs.407. Given the current market price of Rs 415, there is a buying opportunity. This suggests that investors could consider buying the stock at the current price, expecting a rise towards the set target of Rs 50,000. 425.

Reservation: The views and recommendations presented above are those of individual analysts or brokerage firms and not of Mint. We advise investors to seek the opinion of certified experts before making any investment decisions.