Top Stock Picks for March 13, 2025: Bajaj Finance and ICICI Bank Among Nine Trading Ideas
Indian Market Trends
As the Indian markets gear up for trading on March 13, 2025, market analysts are observing a trend of consolidation largely influenced by positive cues from global markets. The Nifty futures experienced a minor dip, closing 0.17% lower at 22,527. This downturn was accompanied by a decrease in the India VIX, which fell by 2.7% to conclude at 13.69. Experts have identified critical support and resistance levels for Nifty, with resistance at 22,650 and support at 22,300. ## Trading Ranges and Market Insights
Chandan Taparia, an analyst specializing in derivatives at Motilal Oswal Financial Services, has provided insights into current market conditions. According to Taparia, options data suggests a broader trading range from 21,800 to 22,800. The immediate range is identified between 22,200 and 22,600. Notably, Call writing is observed at the 22,600 and 22,500 strike levels, while Put writing appears at 22,300 and 22,400 strikes. This data reflects market participants’ expectations and strategies, which could play a pivotal role in the near-term market movements.
Taparia remarked that the Nifty has demonstrated a bearish candle pattern on the daily frame, suggesting that support-based buying remains present at lower levels. For the Nifty 50 to show upward momentum, it is essential for the index to sustain above the 22,330 mark, potentially leading to movements towards 22,650 and then 22,800. ## Recommended Stocks for Short-Term Gains
To assist investors looking for short-term trading opportunities, experts have compiled a list of notable stock recommendations:
From Rajesh Palviya, VP of Technical & Derivative Research at Axis Securities:
- Narayana Hrudayalaya: Buy with a target price of ₹1,785 and a stop loss at ₹1,513.
- Kaveri Seed Company: Buy with a target of ₹1,213 and a stop loss at ₹1,015.
- Avanti Feed: Buy with a target price of ₹985 and a stop loss at ₹770. ### From Kunal Bothra, Market Expert:
- Bajaj Finance: Buy with a target price of ₹8,750 and a stop loss at ₹8,350.
- Jio Financial Services: Buy with a target of ₹234 and a stop loss at ₹221.
- Hikal: Buy with a target price of ₹406 and a stop loss at ₹383. ### From Nooresh Merani, Independent Technical Analyst:
- ICICI Bank: Buy with a target price of ₹1,300 and a stop loss at ₹1,225.
- GMR Airport: Buy with a target of ₹85 and a stop loss at ₹72.
- AB Capital: Buy with a target of ₹175 and a stop loss at ₹158. ## Conclusion
Investors are encouraged to consider these insights and recommendations while navigating the market on March 13, 2025. The combination of identified support and resistance levels, alongside expert stock picks, provides a holistic view for traders looking to capitalize on short-term market dynamics. Always remember to conduct thorough research or consult with financial advisors before making investment decisions.
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