Stocks to Buy Today: Axis Bank, NTPC Among Top Trading Ideas for 18 March 2025

Market Overview

In the Indian financial markets today, a consolidation phase is anticipated as traders adjust positions in response to subdued global market cues. The Nifty index has shown a modest increase, closing 0.65% higher at 22,589 on Monday, with the India VIX—a measure of market volatility—rising slightly by 1% to reach 13.42. Market experts suggest that investors should focus on select stocks for short-term gains, given the current trading range established by call and put options.

Current Market Dynamics

As the Indian market begins its session on Tuesday, the consensus among analysts is that the Nifty index will trade within a broad range of 22,000 to 23,000. Data from the options market indicates significant open interest, with the maximum call options at 23,000 and major put options at 22,000. Chandan Taparia, a derivatives analyst at Motilal Oswal Financial Services, noted patterns in call writing at levels of 22,800 and 22,700, along with put writing at 22,500 and 22,300, suggesting indecision among traders.

From a technical standpoint, Taparia indicated that the Nifty index formed a bullish candle on the daily chart, advising that it must stay above 22,400 to facilitate upward movement towards 22,650 and eventually 22,800. Conversely, initial support is identified at 22,330 and further at 22,222, indicating potential areas for market reversals.

Top Stock Picks for Short-Term Trading

Amid the market consolidation, several stocks have emerged as compelling trading opportunities. Here are six stocks recommended for investors looking to make trades today:

Bajaj Finance
- Recommendation: Buy
- Target Price: ₹8,978
- Stop Loss: ₹8,270
NTPC
- Recommendation: Buy
- Target Price: ₹348
- Stop Loss: ₹319
Voltas
- Recommendation: Buy
- Target Price: ₹1,540
- Stop Loss: ₹1,398
Axis Bank
- Recommendation: Buy
- Target Price: ₹1,080
- Stop Loss: ₹1,010
Bajaj Finserv
- Recommendation: Buy
- Target Price: ₹2,000
- Stop Loss: ₹1,800
Jubilant FoodWorks
- Recommendation: Buy
- Target Price: ₹660
- Stop Loss: ₹580

These recommendations come from various market experts, including Dharmesh Shah from ICICI Securities and Kunal Bothra from ET Now, indicating a consensus on the potential of these stocks to yield favorable returns in the current market environment.

Conclusion

As trading volumes adjust in light of market conditions, stakeholders are encouraged to keep a close eye on these selected stocks which appear set to perform well despite current market challenges. The dynamics observed today reflect cautious optimism among investors, with strategic entry points highlighted for traders looking to capitalize on potential market movements. Always consider conducting thorough research or consulting with a financial advisor before making investment decisions.