Supplies to buy today: Ankush Bajaj's expert recommendations for April 16

Copyright © HT Digital Streams Limit all rights reserved. Markets Ankush Bajaj 5 min Read 16 Apr 2025, 05:30 AM ist Ankush Bajaj recommends three shares for April 16 Summary Best Shares to Buy Today: Discover Ankush Bajaj’s expert shares for April 16. Get insights into the best performing stocks and informed investment decisions. Indian benchmark stocks -indices on Tuesday caused a strong setback to a period of volatility caused by global unrest. The Nifty 50 crossed the 23,300 point, while the Sensex rose in a single session by more than 1.600 points, relieved by global optimism, relieved market volatility, short cover and a temporary postponement of steep US rates. Three shares to buy today, as recommended by Ankush Bajaj Buy: Bhel (current price: £ 221.80) Why it is recommended: The share has reached a new lifetime, indicating a strong bullish sentiment. Both RSI and MACD are at a bullish area, which supports the ongoing momentum. IMPORTANT STATISTICS: Outbreak level: New lifetime high, RSI: Bullish, MACD: Positive cross -technical analysis: The breakaway to a new life’s strength in the trend. With RSI and MACD both in line on the bullish side, the stock is likely to continue with its upward movement to the target range. Risk factors: PSU shares can be influenced by government policy decisions, sectoral reforms or market volatility. Buy at: £ 221.80 Target Price: £ 228 -£ 232 in 1-2 weeks Stop loss: £ 218 Buy: HDFCBank (Current Price: £ 1,865) Why It Is Recommended: The Stock Given An Explanation of the £ 1,840 Level, which indicates a bullish momentum. On the hourly chart, RSI is above 60, confirming the power in the current Upmove. IMPORTANT STATISTICS: Outbreak level: £ 1.840, RSI: 60+ (Bullish) Technical Analysis: The exposition on the map supported by RSI above 60 indicates the beginning of a bullish bone. The price action and momentum indicators point to a move to the upper target zone. Risk factors: Bank supplies can be influenced by interest rate changes, credit growth trends and regulatory policy shifts. Buy at: £ 1,865 Target Price: £ 1,920 -£ 1,930 in 1-2 weeks Stop loss: £ 1.838 Buy: Exideind (Current Price: £ 379.70) Why It Is Recommended: The Stock Given A Level to a Long Consolidation Phase. The exposition is supported by strong volumes, which is an indication of bullish power and potential for an upward rally. IMPORTANT STATISTICS: EXTENSION LEVEL: £ 375, Volume: Above average, RSI and MACD: Bullish Technical Analysis: The prize outbreak with the confirmation of the volume indicates the end of the consolidation and the beginning of a new tendency. With bullish momentum indicators, the stock is expected to move to the target range. Risk factors: Stocks in the car supplementary and battery space can be influenced by the volatility of input costs, EV sector policies and the fluctuations of demand. Buy at: £ 379.70 Target Price: £ 390 – £ 395 in 1-2 weeks Stop loss: £ 375 Market update: Global optimism increases Indian indices. The Indian stock market opened on Tuesday, April 15, 2025. The market opened with a solid beginning of global optimism, with a solid beginning, driven by relieving trade tension and optimal clues of major global indices. The investor sentiment remained optimistic as the hope grew that central banks could take a more beautiful approach during upcoming meetings amid cool inflation and tariff. The Nifty 50 opened over 23,300 and kept strong throughout the day, which was a high-argument rally supported by institutional inflow and retail participation. The broader market has been argued by the global risk seeding, which has been further strengthened by improving economic data from China and the expectations of a soft landing in the US economy. The BSE Sensex closed 1.77% higher, with 1310.11 points to sit down at 75,157,26. The NSE Nifty 50 rose 500 points or 2.19%, which ended on 23,328.55, with one of the strongest sessions in recent weeks. Bank Nifty rose by 2.70%and closed at 52,379.50, relieving the hope of improved credit question and pressure on the global bond yields. Sectoral trends: All sectors in green, broader participation continue that the market rally was broadly based, with no sector closed in the red-a rare appearance that emphasizes the depth of contemporary bullish sentiment. The Realty index led the cards, with 5.64%, supported by input costs and expectations of a bakkie in commercial leasing. The car sector climbed 3.39%, which benefited from stable price of crude oil and stronger than expected sales data of top-Oms. Metals increased by 3.20%, lifted by optimal Chinese industrial output numbers and a setback in base metal prices. Energy and PSU shares have also achieved good profits, which detect global crude stabilization and investor confidence in reforms led by the government. With all sectors participating in the rally, the market reflects a strong alignment between domestic drivers and improving global macro signals. Also read: Is this sector the ultimate defense against markets crashes and economic turmoil? Stock -specific highlights: Green whip in Nifty 50 It was a one -sided session for most of the leading supplies, with 48 out of 50 Nifty ingredients closing in the green. Indusind Bank rose 6.73%and led the package with a strong institutional buying interest. Shriram Finance and Tata Motors rose 5.20% and 4.56% respectively, with a strong sectoral overturns and risk appetite improvement. Metal names like Tata Steel and JSW Steel also delivered healthy profits amid favorable global clues. However, ITC and Hindustan Unilever had light declines respectively, with 0.27% and 0.20% respectively, as investors turned out of defensive and in cyclical plays. The Indian stock market outlook on the daily map, Nifty closed above the 100 EMA at 23.310 and is near the 200 EMA at 23,360, with some clumsiness. Nifty also closed above the 61.80% repair level from the recent high and low, which is also a sign of bullishness. The next key level is 23,600 which can serve as a resistance. Above we can see a decent rally. To the disadvantage, 23,000 can act as a support. Look at the full Beeld Tradungview When we see the hourly graph of Nifty, RSI trades in the overbought zone. If we interpret the OI data, we can see maximum OI on 23,500 on the call side and 23,300 on the side, indicating a narrow series. These levels can serve as key trend decisions. On the hourly chart, SMA trades 20 above SMA 40 and shows bullish power. Check out the full Image Tradingview. ‘Buy on dips’ stay the strategy as long as we are above the 23,000 level. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and NISM certification in no way guarantees the performance of the intermediary or gives any returns to investors. 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. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #Markets Premium #Stocks to Buy Currency Specials