Stocks to Buy Today
Profit-booking impacted Indian markets on Tuesday, with benchmark indices ending lower. However, market experts see this as a temporary correction and have identified multiple stocks to buy today in India that show bullish momentum and favorable risk-to-reward setups.
📊 Market Overview: Indices Correct, Pharma Outperforms
The Nifty 50 closed at 24,578.35, dropping 1.39%, while Bank Nifty slipped 0.8% to settle at 54,940.80. Key sectoral losers included Auto, IT, and FMCG, although Pharma stocks showed resilience. Midcap and smallcap indices managed modest gains up to 0.8%.
Despite Tuesday’s pullback, the short-term uptrend remains intact. Experts like Nagaraj Shetti from HDFC Securities expect the Nifty to bounce near 24,400–24,500, with immediate resistance at 24,800.
🔍 Stocks to Buy today in India: Expert Recommendations with Bullish Momentum
📌Handpicked Stocks to Buy today in India for Short-Term Gains
Based on technical analysis and market resilience, here are 8 top stocks to buy today in India right now as per leading analysts:
🟩Schaeffler India Ltd – Strong Bullish Momentum Above ₹4000
- Buy at: ₹3951.90
- Target: ₹4230
- Stoploss: ₹3813
- A bullish candlestick pattern and a rebound from key support levels suggest an imminent breakout above ₹4000.
🟩Nippon Life India AMC – Breakout with Bullish Trend
- Buy at: ₹704.90
- Target: ₹755
- Stoploss: ₹680
- The stock is forming higher highs, and a break above ₹720 may accelerate gains.
🟩Cholamandalam Investment – Solid Uptrend Intact
- Buy at: ₹1580
- Target: ₹1640
- Stoploss: ₹1545
- Sustained bullish trend with support at ₹1545 makes it a good near-term bet.
🟩Canara Bank – Reversal Pattern in Play
- Buy at: ₹105
- Target: ₹112
- Stoploss: ₹98
- A reversal from ₹98 support and technical strength point to upside potential.
🟩NTPC Ltd – Oversold Bounce-Back
- Buy at: ₹342
- Target: ₹365
- Stoploss: ₹330
- The stock is emerging from oversold levels, and a bullish reversal pattern supports upward targets.
🟩Jamna Auto – Positive RSI Signals
- Buy at: ₹86.54
- Target: ₹91
- Stoploss: ₹85
- Positive trend supported by RSI and a break above the 100-day MA.
🟩Kalyan Jewellers – Breakout Above Key EMA
- Buy at: ₹554
- Target: ₹575
- Stoploss: ₹542
- Strong RSI and a breakout above ₹544 signal renewed buying interest.
🟩Garden Reach Shipbuilders – Higher Bottoms Formation
- Buy at: ₹1914
- Target: ₹2040
- Stoploss: ₹1870
- Positive volume and RSI setup with higher lows support continued bullish momentum.
💡 Key Takeaway: Profit from Bullish Momentum in Select Stocks
While indices saw a pause, technical indicators point to renewed upside in select stocks. Traders and investors can benefit by focusing on stocks to buy in India that show bullish momentum, strong fundamentals, and positive technical signals.
Stay tuned as markets await India’s inflation data and the US CPI update — both of which could further guide short-term direction.
