Best stock recommendations for April 2 by Marketsmith India

Copyright © HT Digital Streams Limit all rights reserved. Markets Marketsmith India 3 min Read 02 Apr 2025, 05:30 AM is best attention to buy today: Marketsmith India recommends two shares. Summary shares to buy today: Marketsmith India recommends these shares to buy today – April 2. Indian benchmark indices ended on April 1, with the Sensex dropping 1.80% and the Nifty 50 dropped by 1.50% before the rate date. Big losers were HCl Technologies, Bajaj Finserv and HDFC Bank, while Indusind Bank and Bajaj Auto saw profits. The NSE mid-cap index fell 0.86%, and the small cap has dropped 0.70%. The sectoral performance was mixed as media, oil and gas, and telecommunications sectors had profits, while it, the durable of consumers fell 2-3%. The best shares to buy today, Marketsmith India’s recommendations for April 2: 1. Jio Financial Services Ltd.: Current Market Price: £ 230.42 | Buy Series: £ 225–231 | Profit goal: £ 255 | Stop loss: £ 220 | Timeframe: 2-3 months 2. HDFC Life Insurance Co. Ltd.: Current Market Price: £ 693 | Buy Series: £ 675-695 | Profit goal: £ 780 | Stop loss: £ 655 | Timeframe: 2-3 months Nifty 50: How the benchmark index performed on April 1’s benchmark index, Nifty 50, dropped for the second consecutive session, which closed about 1.50% lower at higher volume than the previous day. The sale was driven by investors’ concerns before US President Donald Trump’s planned announcement of broad-based reciprocal rates on April 2, which he called ‘Liberation Day’. The index negatively opened on 23,341 and continued to decline, forming a clumsy candle with a long upper fuse on the daily map. Most sectoral indexes ended lower, but the width of the market has given preference to promotions, with a ratio of 2: 1. Also read: The Great Escape: As investors will abandon us for greener pastures, Indian stocks will benefit from a technical point of view, after the resistance to the 50-week moving average (50-WMA) could not be faced above the 100-day (DMA) does not hold and currently holds above the 50-DMA. The 14-day relative strength index (RSI) is downward and is currently about 53. Another technical indicator, MACD, is in the upward direction above the central line on the daily map. Following O’Neil’s methodology of market direction, Marketsmith India upgraded the market status to an ‘confirmed upward trend’. The index took sales pressure on Tuesday for the second consecutive day amid a broad negative trade session. If moving forward, immediate support is about 23,000, as the 50-DMA is in line with this level. However, a sustained fall below this can lead to further disadvantage. At the top, the index can encounter resistance at 23,500. Also read: Which Indian pharmaceutical stocks will outperform bank deposits? How did the Nifty Bank act on April 1? The Nifty Bank index opened on a negative note and remained under pressure for most of the trade session. Although it briefly tried a recovery and became positive intraday, the momentum was short -lived, and the index eventually closed in the red. On the daily chart, it forms a clumsy candle with a lower and lower low pricing structure, which is an indication of sustained weakness. This especially violated his 200-DMA, which strengthened the clumsy sentiment. During the session, the index opened at 51.178.15, with an intraday high of 51,683.85 and a low of 50,742.00 before sitting at 50.827.50. The RSI has turned downward and is currently near the 60 point, indicating that it is a slight weakening in price strength. However, the MACD has maintained a positive crossing and still trades above its signal line, suggesting that bullish momentum remains intact despite emerging signs of weakness. Based on O’Neil’s methodology of market direction, the current market status for the Nifty Bank is in a confirmed rise. Also read: Early summer spike heats the power sector. This sectoral index violated its 200-DMA, which is about 51,000, closed on Tuesday and closed it. In the future, 51,000 will serve as a key level to look at, as sustained trade below this point can drive the index lower to the 50,300-50,000 series. However, a potential upward setback remains possible if the index manages to hold more than 51,000. About Marketsmith India: Brand Name: William O’Neil India Pvt. Ltd. SEBI Registered Research Analyst Registration No.: INH000015543 “Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and Certification of NISM in no way guarantees the performance of the intermediary or to give any security of the individual. Business news, market news, news reports and latest news updates on live mint.