Today’s market reaction followed the US Federal Reserve’s 50 basis points rate cut. The Nifty 50 and Sensex closed slightly lower, up 0.15% and 0.29% respectively. The Nifty Bank Index rose 0.54%, fueled by hopes of easing policies in India.

Key Points:

• Market Trends: Nifty remains positive; support levels at 25,200-25,100 are seen as buying opportunities. A breakout above 25,500 could lead to higher targets.
• Bank Nifty: Closed at 53,038, forming a shooting star pattern, suggesting cautious trading until it crosses 53,350.

Recommended Stocks:

• Buy on Dips: Focus on sectors like auto and FMCG, while being cautious in IT and oil & gas.
• Sectoral Leaders: Metal and auto sectors emerged as top gainers in today’s trading session.
• Milestone Achieved: The Sensex surpassed the 84,100 mark for the first time, showcasing strong market momentum.
• Banking Sector Strength: Nifty Bank hit a fresh record high, reflecting bullish sentiment among investors.
  

  Quick Stock Recommendations

  Here are today’s key stock picks:

  1. Bikaji Foods International Ltd

     • Buy at: ₹932.65
     • Stop Loss: ₹888
     • Target: ₹985

  2. Campus Activewear Ltd

     • Buy at: ₹350.35
     • Stop Loss: ₹338
     • Target: ₹370

  3. ICICI Bank Ltd

     • Buy at: ₹1292
     • Stop Loss: ₹1260
     • Target: ₹1325

  4. Rashtriya Chemicals and Fertilizers Ltd (RCF)

     • Buy at: ₹187
     • Stop Loss: ₹180
     • Target: ₹195

  5. State Bank of India (SBI)

     • Buy at: ₹792
     • Stop Loss: ₹770
     • Target: ₹810
       

       Conclusion

       These recommendations provide a strategic entry point for traders looking to take advantage of current market conditions. Always remember to manage your risk appropriately and adjust your strategies based on market movements. Happy trading!