Stocks to Buy: Nykaa and Bharti Airtel Lead Top Trading Ideas for March 24, 2025
The Indian stock market is set to experience positive trading conditions as investors look for opportunities in various equities, including notable stocks such as Nykaa and Bharti Airtel. On March 24, 2025, financial experts recommend nine stocks for investors to consider as trading picks amid a backdrop of favorable market signals.
Positive Market Indicators
As the trading week begins, the Nifty index displayed an upward movement, gaining 0.78% to finish at 23,382. This increase was complemented by a slight decline in the India VIX, which fell by 0.2% to reach 12.58, signaling a reduction in market volatility. Analysts indicate the potential for the Nifty to hold above the 23,200 level, which would suggest a continuation of bullish momentum towards targets of 23,500 and 23,700. Chandan Taparia, an analyst at Motilal Oswal Financial Services, noted that options data indicates a trading range of 22,900 to 23,800, with immediate resistances and supports emerging at 23,200 and 23,600 levels. “The formation of a bullish Marubozu candle on the weekly chart supports the strong bullish momentum observed over the last several sessions,” Taparia commented.
Investment Recommendations
In light of the positive market sentiment, brokerage firms have proposed several stock recommendations for investors. Here are the highlighted trading ideas for the day:
Recommendations by Aakash Hindocha (Nuvama Wealth)
- APL Apollo Tubes: Buy | Target: ₹1,625 | Stop Loss: ₹1,475
- Amara Raja Batteries: Buy | Target: ₹1,220 | Stop Loss: ₹1,011
- Bharti Airtel: Buy | Target: ₹1,825 | Stop Loss: ₹1,690
Recommendations by Kunal Bothra
- NTPC: Buy | Target: ₹366 | Stop Loss: ₹344
- AB Capital: Buy | Target: ₹195 | Stop Loss: ₹180
- BSE: Buy | Target: ₹5,000 | Stop Loss: ₹4,550
Recommendations by Nooresh Merani
- Axis Bank: Buy | Target: ₹1,150 | Stop Loss: ₹1,050
- NHPC: Buy | Target: ₹95 | Stop Loss: ₹82
- Nykaa: Buy | Target: ₹190 | Stop Loss: ₹167
These recommendations underline a mix of opportunities ranging from established firms to those with significant growth potential. Investors are encouraged to conduct their due diligence and consider their risk appetite before making purchasing decisions.
Conclusion
The outlook for the Indian stock market appears optimistic, supported by positive global cues. Notable stocks like Nykaa and Bharti Airtel are among the top trading recommendations, reflecting the diverse investment opportunities available as investors navigate the dynamic market environment. As always, it is essential for investors to tailor their strategies in light of individual financial goals and market conditions.
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