Stocks to Buy Today: DLF and ONGC Featured Among Top Trading Ideas for March 28, 2025
Market Overview
As the Indian stock market enters a phase of consolidation, traders and investors are keenly evaluating potential stock picks. On March 28, 2025, the Nifty index displayed modest gains, closing at 23,561.65, a decline of 30.3 points from the previous session. The market is influenced by muted global cues today, leading analysts to recommend a range of stocks for short-term trading, including DLF and ONGC.
Current Trends in the Indian Market
The Nifty futures showed a slight increase of 0.31%, finishing at the 23,595 level as recorded on Thursday. Furthermore, the India VIX, which measures market volatility, decreased by 1.2%, ending the session at 13.30. This backdrop indicates a relatively stable trading environment, albeit with caution due to external factors.
Market experts have identified a broader trading range between 23,000 and 24,000, suggesting that traders should be alert to price movements within these zones. Chandan Taparia, an analyst at Motilal Oswal Financial Services, emphasized the importance of the 23,500 levels, indicating that maintaining this level could provide upward momentum towards targets of 23,750 to 23,900. Conversely, he pointed out support levels at 23,400 and 23,200, which investors should monitor closely.
Top Stock Picks for Traders
In light of current market conditions, analysts have compiled a list of recommended stocks for those interested in short-term trading strategies. Below are some of the top stock suggestions and their respective targets and stop losses:
Recommendations from Amol Athawale, VP – Technical Research at Kotak Securities:
- ONGC: Buy with a target of ₹250 and a stop loss at ₹239.
- Jindal Steel & Power Ltd: Buy with a target of ₹940 and a stop loss at ₹900.
- Canara Bank: Buy with a target of ₹93 and a stop loss at ₹87.50.
- DLF: Buy with a target of ₹710 and a stop loss at ₹680. ### Recommendations from Kunal Bothra, Market Expert (ET Now):
- Hero MotoCorp: Buy with a target of ₹4,000 and a stop loss at ₹3,650.
- D-Mart: Buy with a target of ₹4,200 and a stop loss at ₹3,900.
- Aditya Birla Capital: Buy with a target of ₹200 and a stop loss at ₹180. ### Recommendations from Nooresh Merani, Independent Technical Analyst (ET Now):
- IEX: Buy with a target of ₹190 and a stop loss at ₹172.
- RIL: Buy with a target of ₹1,350 and a stop loss at ₹1,250.
- PFC: Buy with a target of ₹450 and a stop loss at ₹410. ## Conclusion
As investors navigate the current market conditions, recommendations from market analysts provide insight into promising trading opportunities. Stock picks such as DLF and ONGC could be appealing for those looking to capitalize on short-term gains. However, it remains essential for traders to conduct their own research and maintain vigilance on market movements, especially given the broader trading range established by market analysts.
For more updates on market trends, stocks to buy, and trading strategies, stay tuned to reliable financial news sources.
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