Nifty 50 and Q4 Results in Focus: Monday’s Top 8 Stock Recommendations – April 21, 2025
The Nifty 50 index would find major support at 23,500 and 23,350 while bulls face resistance between 24,000 and 24,200. Analysts suggest that market sentiment could change if prices fall past the 23,350 mark.
Nifty 50 and Q4 Results in Focus: Monday’s Top 8 Stock Recommendations – April 21, 2025
Stock market Today: The benchmark Nifty 50 index advanced by up to 4.5% during the week that ended on 17 April. Bank Nifty recorded gains of over 6% while Realty stood out as one of the Q4 results 2025 but IT & FMCG sectors faced losses. Each of the broader market indices posted gains close to 4%.
Trade Setup for Monday
The Nifty-50 index finds its key support zones at 23,500 and 23,350 while resistance areas for bulls range between 24,000 and 24,200. Amol Athawale, VP-technical Research at Kotak Securities, stated that market sentiment could change if prices fall under the 23,350 mark.
Global Markets and Q4 Results
Next week major companies including Infosys, HDFC Bank and ICICI Bank will release their earnings announcements which will capture investor attention. Hindustan Unilever, Maruti, HCL Technologies and Axis Bank will showcase their quarterly financial performance.
Stocks to buy today
Executive Director Sumeet Bagadia from Choice Broking provided recommendations for day trading stocks. Senior Manager of Technical Research at Anand Rathi Ganesh Dongre suggested three stocks while Technical Research Senior Manager Shiju Koothupalakkal from Prabhudas Lilladher recommended two stocks.
Sumeet Bagadia's stock picks
1] According to Bagadia Max Financial Services Ltd suggests purchasing shares at ₹1218 with a stoploss set at ₹1175 to reach a target price of ₹1303.
2] At ₹1566, Bagadia recommends buying Affle (India) Ltd shares with a stoploss at ₹1511 targeting ₹1676
Ganesh Dongre's stocks to buy today
3] HEG: At ₹480 investors should purchase HEG with a stop loss of ₹470 to target ₹510
4] According to Ganesh Dongre's analysis buy Punjab National Bank shares when the price is ₹99 and set a stop-loss order at ₹95 to reach a target price of ₹105.
5] Tourism Finance Corporation of India Ltd should be purchased at ₹ 175 according to Dongre's recommendation while setting a Stoploss at ₹168 to reach a target price of ₹185.
