Share Market Today: Trading Setup for Nifty 50 to Q4 results; Five shares to buy or sell on Tuesday - April 15, 2025 | Einsmark news

Share Market Today: In the midst of a greater volatility during the week ended April 11, 2025, the benchmark Nifty 50 index ended with small losses. Bank Nifty finished 1% lower at 51,002.35, while Realty, Metal and IT shares were the other big losers during the week. However, the FMCG and Energy Index managed to win. The broader markets also ended slightly lower to flat trade on Monday, as long as the Nifty-50 index traded above 22,500, the withdrawal formation is likely to continue. On the higher side, if 23,000 is breached, it can push the index to 23,200, says Amol Athawale, VP technical research, Kotak Securities for Bank Nifty 51,000 and 50,500, would serve as important support areas for the Bulls, Athawale added. Global Markets and Q4 results The upcoming holiday shortened week will remain sensitive to further developments on the US China tariff front. On the domestic side, the spotlight will also be on corporate earnings, with heavyweights such as Wipro and Infosys of the IT sector, along with the private banking HDFC Bank and ICICI Bank, planned to announce their quarterly results, says AJIT Mishra – SVP, Revearch, Relearch Broking Ltd Stocks to Today for today. Shiju Koothupalakkal, Senior Manager – Technical Research, at Prabhudas Lilladher chose three shares. Sumeet Bagadia’s added Rainbow Child Medicare Ltd – Bagadia recommends that you buy Rainbow Children’s Medicare at £ 1530.85, holding a stop at £ 1455 for a target price of £ 1685 Rainbow is currently trading at £ 1530.85. After seeing the share of recent swing highlights, the stock showed signs of a possible turnaround by taking strong support at lower levels. This recovery is further reinforced by forming a rounding bottom pattern on the daily map – an encouraging sign indicating a gradual shift from a clumsy to a bullish tendency. A sustained move above the decisive level of £ 1550 will confirm the pattern and could result in a fresh upward leg to the potential target of £ 1685 2. Power Grid Corporation of India Ltd-Bagadia recommends buying Power Grid Corporation of India at £ 304.10, and the stops at £ 289 for a target price of £ 335, traded. Trendline on the daily map, supported by strong volumes. This exposition indicates a potential shift in momentum, with the price that is just consolidating under the break -away zone. Such consolidation typically indicates congestion, which indicates that the market participants position themselves for a possible upward movement. A definite daily near £ 305 will confirm the outbreak and open the door for a rally to the next resistance levels at £ 340 and £ 350 in the near term. Shiju Koothupalakkal’s intraday shares for today 3. Mahindra & Mahindra Ltd- recommends that you buy Mahindra & Mahindra at £ 2580 for a target price of £ 2700 cap stop loss at £ 2530 The share has recovered strongly from the low-made nearly 2425 zone. The RSI indicated that a positive reversal of the oversold zone is to give a buy and has a tremendous upside potential to continue with the positive move further forward. With the card that looks good, we suggest you buy the stock for an upward target of 2700, with the stop loss of 2530 level. 4. CG Power and Industrial Solutions Ltd- recommends you buy CG power at around £ 572 for a target price of £ 605, with the loss of stops at £ 562. The RSI has recovered from the oversold zone to indicate a positive reversal of tendency to give a buy and is currently well placed with a tremendous potential visible from the current rate. With the chart that looks technically attractive, we suggest buying the stock for an upward target of 605 level, with the stop loss of 562 level. 5. Chalet Hotels Ltd -Recommend you buy Chalet hotels at around £ 819.80 for a target price of £ 860 to keep stop loss: 800 The stock indicated that a higher bottom formation pattern is on the daily chart, with recently support near the 753 zone and witness to a decent setback at 805 improve. The RSI is well positioned and with the improvement of prejudice it indicated power and can continue with the positive move further forward in the upcoming sessions. With the card that looks good, we suggest you buy the stock for an upward target of 860, with the stop loss of 800 level. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. First published: 15 Apr 2025, 06:08 AM IST