Share Market Today: The benchmark Nifty-50 index, on a cautious note, ends almost flat (0.03%) on Tuesday at 24,335.95. The bank Nifty at 55,391.29 also ended slightly lower, although metals, Pharma were the most important losers, while the index got the most. The broader indices ended only slightly higher. Trading setup for Wednesday The consolidation could continue in the short term, especially as the Nifty 50 index does not yet have to give a decisive exposition of more than 24,550, where the 61.80% repair level lies. At the bottom, support is placed on 24.250; An offense below this level can cause increased sales pressure in the market, says Rupak de, senior technical analyst at LKP Securities. The index is expected to consolidate between 54,450 and 56,000 in the near term according to Asit C Mehta. Global markets and Q4 results The local market has shown largely scope-bound oscillation, as caution has the upper hand amid geopolitical concerns about border tension. The continued inflow of FIIs provided support to the market sentiment and limited further pessimism. Meanwhile, mixed Q4 results have increased the risk of downward revisions to FY26 projections. In combination with anxiety around potential retaliation steps, these developments can lead to some consolidation in the short term, says Vinod Nair, head of research, Geojit Investments Limited. Shares to buy Sumeet Bagadia, executive director at Choice Broking today, recommended two shares for today. Ganesh Dongre, senior manager of technical research at Anand Rathi, suggested three shares, while Shiju Koothupalakkal, senior manager – technical research, gave three shares at Prabhudas Lilladher. Sumeet Bagadia’s attention 1.Hindustan Aeronautics Ltd- Bagadia recommends that you buy Hindustan Aeronautics (HAL) at £ 4610, and hold Stoposs at £ 4433 for a target price of £ 4930. Hal in Tuesday trading by a remarkable 4.13%. The rally was supported by strong volumes and a sharp bullish candle, suggesting that aggressive accumulation is at lower levels. The counter has been a strong turnout since the beginning of March, which was a decisive exposition from a prolonged consolidation phase. A major bullish candle with a strong expansion of the series underline renewed investor confidence and a robust momentum in the stock 2 Punjab Chemicals & Crop Protection Ltd – Bagadia recommends that Punjab chemicals be purchased at £ 1080 for a target price of £ 1160. Display a strong upward trend, supported by its consistent position above the most important exponential moving averages (EMAS). Recent price action indicates a consolidation phase and shows strong signs of an imminent exposition of the consolidation phase, and the technical indicators are in line with a possible fresh upside rally. Ganesh Dongre’s shares to buy today. In the short-term trend analysis, Beml shows a strong bullish setup. On the daily chart, the stock formed a bullish swollen pattern, indicating a possible turnaround after a recent correction. In addition, Beml holds over his short-term-moving averages, further strengthening the bullish view. The share currently offers an important support at £ 3150 and offers a buying opportunity at £ 3215. Traders can look for an upside down move to £ 3350, holding a stop loss to £ 3215 to manage the risk effectively. 4. Infosys Ltd- Dongre recommends you buy infosys at around £ 1495, and hold a standstill at around £ 1465 for a target price of £ 1535. Similarly, Infy SAW also showed a positive turnaround on the daily map. The stock formed a morning star pattern on a weekly map, which after a downward phase is a reliable bullish turnaround. Infy respects its 20-day EMA, which indicates that fresh buying interest returns at lower levels. With a strong support zone of approximately £ 1450-60, the share is favorably placed for a £ 1495 purchase, with a view to a short target of £ 1560. A protective stop loss must be maintained at £ 1465. 5. Triveni Engineering & Industries Ltd. Dongre recommends that you buy Triveni Engineering at around £ 418 at around £ 408 for a target price of £ 435. Triveni Engineering displayed a hammer chandelier formation near the important support area, suggesting that the recent selling pressure may be depleted. The stock also keeps far above its 50-day ema, which adds further conviction for the bullish setup. With the current market price of around £ 418 and supported firmly at £ 408, a buying opportunity emerges for a possible move to £ 435. Traders are advised to hold a stop loss at £ 408 to protect from unexpected drawbacks. Shiju Koothupalakkal’s intraday shares for today 6. GlaxoSmithKline Pharmaceuticals Ltd (Glaxo)- Koothupalakkal recommends that Glaxo bought at around £ 2902 to hold the target price of £ 3070 to keep stop loss at £ 2845. Participation to improve the prejudice and can expect for further upward move in the upcoming session. The RSI is well placed and has very upside potential visible, it can once again regain for another fresh momentum round. With the technically strongly maintained chart, we suggest buying the stock for an upward target of 3070 level, holding the stop loss of 2845 level. 7. Shipping Corporation of India Ltd Koothupalakkal recommends that buying ship corporation target at around £ 182.67: £ 194 stop loss: £ 178 The share has slowly and gradually picked up and recently took support near the important 50EMA zone at 173 level, and currently with a bullish chandelier. The RSI is gradually on the increase, indicating the strength and indicated that the current rate of the current rate continues with the positive move further forward. With the chart that looks technically good, we propose to buy the stock for an upward target of £ 194 level, with the stop loss of £ 178. Clear explanation above the rising trend line is at £ 1470 level, with a large participation in the volume visible to strengthen the trend and has a high probability for further strong upward movement in the upcoming sessions. As the RSI has maintained strongly, we expect the further increase in the stock with the current rate to continue with the positive move. With the card that looks good, we suggest you buy the stock for an upward target of £ 1620, which holds the stop loss of £ 1500 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: 30 Apr 2025, 06:22 AM IST
Share Market Today: Trading Setup for Nifty 50 to India-Pakistan tension; Eight shares to buy or sell Wednesday | Einsmark news
