Market Overview:
The Indian stock market closed positively on Friday, with the Sensex rising by 582 points to 81,790 and the Nifty 50 increasing by 183 points to 25,078, driven by strong banking and IT sector gains. Analysts expect continued support around 25,000 and have highlighted several stocks for intraday trading.
Trade Setup for Today:
The Nifty 50 is anticipated to trade within a range of 24,950–25,300, with support at 24,950–25,000 and resistance at 25,250–25,300. Both call and put writers are closely monitoring market movements, indicating active participation in the derivatives segment.
Global Influences:
Global markets showed mixed performance, with Japan’s Nikkei 225 largely flat and Australia’s S&P/ASX 200 down 0.3%. These movements reflect ongoing global economic uncertainty fueled by U.S. tariff concerns.
Key Triggers:
- U.S. Tariffs: Concerns over U.S. tariffs on various goods continue to impact global trade and market sentiment.
- India-U.S. Trade Deal: Expectations regarding the trade agreement between India and the U.S. could influence domestic market trends.
- Gold Prices: Gold remains a preferred safe-haven investment amid global economic uncertainties.
Stocks to Watch:
Analysts have identified eight stocks with potential intraday trading opportunities, and investors are advised to monitor them closely for significant movements.
- Transrail Lighting: Recommended as a buy at ₹757, with a target of ₹815 and a stop loss at ₹730.
- Dr. Agarwal’s Health Care: Suggested to buy at ₹506, targeting ₹550, with a stop loss at ₹490.
- India Nippon Electricals: Buy at ₹1,079, with a target of ₹1,160 and a stop loss at ₹1,040.
- Aditya Infotech: Recommended to buy at ₹1,423, targeting ₹1,530, with a stop loss at ₹1,365.
- Precision Wires India: Suggested to buy at ₹209, with a target of ₹225 and a stop loss at ₹202.
- Paytm (One 97 Communications): Identified as a top pick by Mirae Asset for October 2025, citing strong business momentum and its increasing role in India’s digital payments landscape.
- Titan Company: Surged 4% following an 18% YoY increase in September-quarter domestic sales, surpassing expectations despite rising gold prices.
- SBI Cards: Rose 2% on expectations of improved asset quality and margins.
Market Outlook:
The market’s near-term performance will depend on global economic indicators and domestic developments. Investors should stay alert to key updates and adjust portfolios accordingly.
Leave A Comment