Stock market today: Trade setup for Nifty 50 to global markets; 5 stocks to buy or sell on Thursday — 26 December 2024
Live MintStock Market Today: The volatilty in the market continues as benchmark Nifty'50 index ended at 23,727.65 down 0.11% on Tuesday, pausing after Monday's rebound. The next lower support is at 23500, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities The undertone for Bank Nifty remains bearish and once breaks below 51000 can witness further selling pressure towards 50500 which is the 200dma of the index said Kunal Shah, Senior Technical and Derivative Research Analyst, Mirae Asset Sharekhan Global markets to budget expectations Most Global Markets along with domestic markets remained closed on Wednesday. Sumeet Bagadia's stocks to buy today 1.United Breweries Ltd- Bagadia recommends buying United Breweries at ₹2052.75, keeping Stoploss at ₹1980 for a target price of ₹2196 United Breweries is currently trading at ₹2052.75, reflecting a strong bullish momentum as the stock continues its upward reversal from recent lows. 2.KFin Technologies Ltd- Bagadia recommends buying KFin Technologies at ₹1476.95 keeping Stoploss at ₹1420 with a target price of ₹1565 KFin Technologie is exhibiting strong bullish momentum, currently trading at an all-time high of 1524.7 levels. Kotak Mahindra Bank Ltd- Dongre recommends buying Kotak Bank at ₹1750, keeping Stoploss at ₹1730 for a target price of ₹1790 On the daily chart of this stock, a breakout at the Rs.1750 price level has been observed, signaling a potential upward trend.