Unlock Your Investment Potential: Top 6 Stocks to Buy Today (March 18, 2025) Including Axis Bank and NTPC!

Stocks to Watch Today: Axis Bank, NTPC, and Others on March 18, 2025

Indian Markets Expected to Consolidate Amid Muted Global Cues

Date: March 18, 2025
Time: 09:08 AM IST
Source: The Economic Times

In a trading outlook for March 18, 2025, the Indian stock market appears poised for consolidation as it tracks global market cues. The Nifty Futures concluded the previous session at 22,589, gaining 0.65%. Meanwhile, the India VIX index saw a rise of over 1%, reaching 13.42. ### Current Market Trends

Market analysts are observing a range of 22,000 to 23,000 for Nifty, based on recent options data. The maximum Call Open Interest (OI) is noted at the 23,000 mark, followed by 22,800, while Put OI is concentrated at 22,000 and 22,500. The market has seen notable call writing at levels of 22,800 and 22,700, with put writing recorded at 22,500 and 22,300. Chandan Taparia, a derivatives analyst at Motilal Oswal Financial Services, states, “The Nifty index formed a bullish candle on the daily chart on Monday. It is crucial for the index to maintain levels above 22,400 to catalyze upward movement towards 22,650 and subsequently 22,800. Support levels are identified at 22,330 and 22,222."

Recommended Stocks for Today’s Trading

Experts have identified several stocks that may provide short-term trading opportunities. The top recommendations include:

Bajaj Finance: Analysts recommend buying with a target price of Rs 8,978 and a stop loss set at Rs 8,270.
NTPC: Investors are advised to consider buying with a target of Rs 348 and a stop loss at Rs 319.
Voltas: Suggested as a buy with a target of Rs 1,540 and a stop loss at Rs 1,398. Additional recommendations from market expert Kunal Bothra include:
Axis Bank: A buy is recommended with a target of Rs 1,080 and a stop loss at Rs 1,010.
Bajaj Finserv: Analysts suggest a buy target of Rs 2,000, with a stop loss at Rs 1,800.
Jubilant FoodWorks: Analysts expect favorable movements, recommending a buy with a target price of Rs 660 and a stop loss at Rs 580. ### Market Outlook

The Indian market is expected to exhibit cautious trading owing to the anticipated range limitations. The focus remains on whether the Nifty index can sustain its upward momentum in light of broader market conditions.

As always, investors are encouraged to conduct thorough research and consider their risk tolerance before making investment decisions.

For ongoing updates on the Indian stock market and expert analyses, you can follow our dedicated financial segments available on various platforms including WhatsApp and Telegram.