Best Stocks -Recommendations Today: Marketsmith India's shares for April 9

Copyright © HT Digital Streams Limit all rights reserved. Markets Marketsmith India 3 min Read 09 Apr 2025, 05:30 AM IST Best attention Today: Marketsmith India proposes two shares for April 9. Summary Best Shares -Recommendations Today: Discover Marketsmith India’s expert shares for April 9. Get insights into the best performing stocks and informed investment decisions. The Indian stock market jumped back on Tuesday after a sharp decline over the past few days. This recovery was mainly driven by positive global clues, fueled by the hope of US -Japan trade tariff negotiations, along with the expectation of a rate of 25 BPS in the upcoming RBI policy meeting Wednesday. Best stock recommendations Today: Two stock options by Marketsmith India: Buy: Rainbow Children’s Medicare Ltd (Current Price: £ 1,160) Why it is recommended: Nis focus on pediatric and perinatal care, Pan-India expansion strategy Key metric: P/e: 59,79, 52 week: Crore. Technical Analysis: Gap-up with 100-DMA re-recording risk factors: Dependency on key specialists, geographically concentrated in South India. Buy at: £ 1,480 Target Price: £ 1,750 in three months Stop loss: £ 1.360 Buy: ITC Ltd (Current Price: £ 412.55) Why It Is Recommended: Dominant Position in Cigarette Industry, Paper and Packaging Gambles Key Metrics: P/E: 25,14, 52 Weeks High: £ 499, Volume: £ 186. Risk factors for a Nou series: Intense FMCG competition, slow growth in the core segment Buy at: £ 412.55 Target Price: £ 450 in three months Stop loss: £ 397 Also read: Can India Trump’s Trading Rarter Bullet Dodge? It depends on the sector and the trading suit, how the Nifty performed Tuesday, dropped the index and rose by 1.69%, which closed more than 22,500. After positive clues from global markets, it opened with a boom on 22,447 and traded through the entire session within a broad series of 22,270-22.700. This price action led to the formation of a bullish candle on the daily map. All sectoral and broader market indices have ended in a positive area. The width of the market was strong, with the pre-deckline ratio at 7: 1, indicating a broad-based participation in the rally. Technically, the index still trades among all its most important moving averages on the daily map. It managed to re-take its 100-week moving average (WMA). The RSI and MACD indicators show a downward trend on the daily and weekly maps, indicating constant weakness. The daily RSI is close to 42, and the MACD remains below the central line. Following O’Neil’s methodology of market direction, Marketsmith India downgraded the market status to a ‘downward trend’. The index received about the 100-week moving average support and achieved on Tuesday. In the future, the 100-WMA will act as a key support, while immediate upward resistance is placed in the region of 22,700–22,800, followed by 23,000. Also read: Mint Explaner: Global and Indian markets are cracking under Trump’s tariff shock – what does it mean for investors, how did Nifty Bank perform? Nifty Bank Index started the session with a stir and maintained positive momentum all day. It formed a bullish candle, reflecting a higher and higher low pricing structure on the daily map and recycling the 100 DMA, indicating a strong buying interest in this sector. The index opened at 50,388.55, reached an intraday high of 50,793.70, a low of 50.030 and closed at 50.511. The relative strength index (RSI) showed a slight upward movement, currently at 52.58. However, the moving average convergence divergence (MACD) showed a negative crossing during the contemporary trade session, indicating an increase in sales pressure. According to O’Neil’s methodology for the evaluation of market direction, the current market status is in an ‘upward under pressure’. This shift indicates an increase in distribution signals and increased volatility, which is indicative of the index as the index shows signs of weakening momentum. In particular, the most important sectoral index recycled its 100-day moving average (DMA), which is currently about 50,300 positioned and traded about 200 points above. A sustained rally above this level can produce increased buying interest and thus place the index to the 51,000-51 500 series. Conversely, an offense under the 100 DMA may have increased volatility, which could possibly lead to more outspoken market fluctuations in this sector. In addition, the index may experience a trigger from the upcoming RBI policy announcement scheduled for the next day, which can significantly affect the sentiment and price movement. Marketsmith India is a stock research platform and advisory service that focuses on the Indian stock market. 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 of the intermediary or the shares of the competence are not in this view. Views of Mint.