Stock Market Today: Trade Setup for Nifty 50 – March 18, 2025
The Indian stock market is set for an engaging session as traders eye critical levels for the benchmark Nifty 50. As of today, the index needs to overcome the resistance level at 22700 to regain bullish momentum. A successful breach of this level could pave the way towards an immediate target of 23000, which traders will be watching closely.
Nifty 50: Key Levels to Watch
On the downside, the support level for Nifty 50 remains around 22400. Traders should keep an eye on this level as a break below could signal a bearish trend. Therefore, monitoring these critical thresholds is essential for making informed trading decisions.
Global Markets Influence
Global markets will also play a significant role in today’s trading session. With mixed signals coming from major indices worldwide, any shifts in sentiment could affect the Nifty 50’s performance. Traders are advised to stay updated with international market trends to better navigate local market volatility.
Top Stock Picks for Tuesday
Based on current market analysis, here are eight stocks to consider for buy or sell actions:
- Buy: Reliance Industries
- Buy: HDFC Bank
- Sell: Tata Motors
- Buy: Infosys
- Sell: Hindustan Unilever
- Buy: L&T
- Sell: State Bank of India
- Buy: Bajaj Finance
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In conclusion, as traders navigate the Nifty 50’s resistance and support levels today, staying informed and strategic will be key. Happy trading!