Market experts have identified five stocks for trading today based on their technical outlook. According to reports from NDTV Profit, these recommendations include State Bank of India, Granules India Ltd., Hindustan Copper Ltd., Glenmark Pharmaceuticals Ltd., and Hindustan Aeronautics Ltd. (HAL). The expert analysis covers stocks across different sectors with specific target prices and risk management levels.
State Bank of India is recommended by Akshay P Bhagwat, Senior Vice-President at JM Financial, with a current market price of ₹1,008.00. As reported by NDTV Profit, Bhagwat has set near-term targets of ₹1,031 and ₹1,047, indicating potential upsides of 2.28% and 3.87% respectively. The recommended stop-loss is positioned at ₹985 for risk management.
Granules India Ltd. is recommended by Ajit Mishra, Senior Vice-President of Research at Religare Broking, with a current market price of ₹899.25. According to NDTV Profit, Mishra has set a target of ₹970, suggesting a potential upside of 4.45% from the current market price. The recommended stop-loss is ₹863. Mishra emphasizes that Granules India has delivered an upside breakout from a flag pattern, accompanied by rising volumes, while maintaining a sequence of higher highs and higher lows, indicating a sustained uptrend. The stock continues to trade above its short-, medium- and long-term moving averages, suggesting further upside potential in the near term.
Hindustan Aeronautics Ltd. (HAL) is recommended by Mishra at ₹4,950, with a target price of ₹5,350 implying a potential upside of 4.98% from the current market price. As reported by NDTV Profit, the stop-loss is placed at ₹4,750. According to Religare Broking, HAL has maintained its underlying strength after defending the key weekly long-term moving average during the recent corrective phase. The stock subsequently staged a strong recovery and broke out of a broader triangular consolidation, signalling renewed buying interest. The breakout has been followed by the formation of a fresh buying pivot, with the stock continuing to hold above the 20-WEMA, keeping the short- to medium-term structure firmly positive.
The domestic market ended higher on Thursday, with the benchmarks snapping their three-day losing run, though gains were capped due to rising oil prices amid escalating US-Iran tensions. As per Religare Broking, the Nifty may witness some consolidation following recent decline, with immediate support around 23,100–23,300 and key resistance at 23,600–23,800. Market experts maintain a cautious-to-negative stance, favouring a stock-specific approach with positions on both sides and strict risk management. Hindustan Unilever Limited (HUL) is recommended for selling futures at ₹1,946.90 with a target of ₹1,880 and stop loss at ₹1,980, as the FMCG sector continues to underperform and HUL remains in a lower-top, lower-bottom formation.
