Stock Recommendations for March 28, 2025: DLF and ONGC Among Top Picks

As the Indian stock market prepares for a day of consolidation on March 28, 2025, analysts have put forth recommendations for short-term traders. Amid prevailing muted global cues, various experts have highlighted key stocks that could present attractive trading opportunities. Among the suggestions are DLF, ONGC, Jindal Steel & Power, Hero MotoCorp, and IEX.

Market Overview

The Indian market experienced a slight upward movement in the previous trading session, with the Nifty futures closing at 23,595, reflecting a modest gain of 0.31%. Meanwhile, the India Volatility Index (VIX) declined by 1.2%, settling at 13.30. Analysts expect the market to operate within a broader trading range of 23,000 to 24,000, predominantly influenced by recent global market trends.

Chandan Taparia from Motilal Oswal Financial Services indicated that the Nifty formed a bullish candle on the daily chart, closing approximately 100 points higher. However, he pointed out that this upward trend might be stymied by lower highs and lower lows formed over the past two sessions. Taparia advised that if the index sustains above the 23,500 level, it could rise towards 23,750 and potentially 23,900. Key support levels were noted at 23,400 and 23,200. ## Recommended Stocks

A collection of recommendations has been assembled from various market experts for short-term traders looking to capitalize on favorable market conditions:

Recommendations from Amol Athawale, VP of Technical Research at Kotak Securities:

ONGC: Buy with a target of ₹250 and stop loss at ₹239.
Jindal Steel & Power Ltd: Buy with a target of ₹940 and stop loss at ₹900.
Canara Bank: Buy with a target of ₹93 and stop loss at ₹87.50.
DLF: Buy with a target of ₹710 and stop loss at ₹680. ### Insights from Kunal Bothra, Market Expert (ETNow):
Hero MotoCorp: Buy with a target of ₹4,000 and stop loss at ₹3,650.
D-Mart: Buy with a target of ₹4,200 and stop loss at ₹3,900.
Aditya Birla Capital: Buy with a target of ₹200 and stop loss at ₹180. ### Recommendations from Nooresh Merani, Independent Technical Analyst (ETNow):
IEX: Buy with a target of ₹190 and stop loss at ₹172.
Reliance Industries (RIL): Buy with a target of ₹1,350 and stop loss at ₹1,250.
Power Finance Corporation (PFC): Buy with a target of ₹450 and stop loss at ₹410. ## Conclusion

Investors are encouraged to approach the market cautiously amidst global economic uncertainty. The provided stock picks offer potential opportunities for those looking to engage in short-term trading. As always, these recommendations carry inherent risks and should be weighed carefully against personal investment strategies and market conditions.

For those tracking market performance, continue to follow updates and expert analysis for a comprehensive understanding of market dynamics as they evolve.