Stocks to Watch: Tata Motors and Bajaj Auto Highlighted as Top Picks for March 6, 2025

Market Overview
On March 6, 2025, the Indian stock market is poised to trade higher, bolstered by positive global market cues. The Nifty index stood at 24,752.45, losing 73.75 points in the latest trading session. The India VIX, a measure of market volatility, decreased by 1.16% to reach 13.67. This dip indicates a reduction in risk perception among investors, suggesting a more stable trading environment ahead.

Derivatives Market Insights

Analysts are adopting a neutral stance based on derivatives data, with a key resistance located at the 22,500 level and support at 22,000. Dhupesh Dhameja, a derivatives analyst at SAMCO Securities, notes that the 22,300–22,000 range is currently under significant put writing pressure. This reflects a balanced approach by call and put writers in the market as they navigate current conditions.

"Heavy open interest at the 22,500 call strike reinforces it as a formidable resistance level," Dhameja remarked, adding, "Meanwhile, substantial put accumulation at the 22,000 strike solidifies it as a strong support base."

Trading Recommendations

Given the market trends and insights from various experts, a selection of potential stock picks is available for traders looking to capitalize on the prevailing market conditions. The following recommendations highlight stocks that analysts believe have favorable risk-reward profiles:

Recommended Stocks

• Tata Motors

  • Recommendation: Buy
  • Target Price: ₹675
  • Stop Loss: ₹625
  • Tata Motors is seen as a promising investment given its current market position and growth prospects.

• Bajaj Auto

  • Recommendation: Buy
  • Target Price: ₹8,000
  • Stop Loss: ₹7,200
  • Analysts expect Bajaj Auto to perform well, particularly in light of rising demand trends in the automobile sector.

• JSW Steel

  • Recommendation: Buy
  • Target Price: ₹1,050
  • Stop Loss: ₹973
  • JSW Steel is also recommended due to its overall robust performance in the steel industry.

• InterGlobe Aviation

  • Recommendation: Buy
  • Target Price: ₹4,980
  • Stop Loss: ₹4,510

• CESC

  • Recommendation: Buy
  • Target Price: ₹150
  • Stop Loss: ₹135

• UPL

  • Recommendation: Buy
  • Target Price: ₹680
  • Stop Loss: ₹618

• GMR Airport Ltd

  • Recommendation: Buy
  • Target Price: ₹85
  • Stop Loss: ₹72

• Chambal Fertilizers

  • Recommendation: Buy
  • Target Price: ₹595
  • Stop Loss: ₹550

• Tata Power

  • Recommendation: Buy
  • Target Price: ₹365
  • Stop Loss: ₹344

Conclusion

As traders navigate the current stock market, the recommendations provided by market experts offer a promising set of investment opportunities. Tata Motors and Bajaj Auto stand out as particularly favorable options for those willing to engage in short-term trading, aiming to leverage the supportive market conditions. Investors are encouraged to perform thorough research and consider their financial situations before acting on these suggestions.

For ongoing updates and expert insights, traders are advised to monitor market movements closely as both domestic and global factors continue to influence stock performance.

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