Stock market today: Trade setup for Nifty 50; 8 stocks to buy or sell on Monday February 24, 2025 – Nifty 50 may rally if it holds above 22950
Stock Market Today: Trade Setup for Nifty 50 – February 24, 2025
The Nifty 50 index is at a pivotal juncture as it approaches key support and resistance levels. A quick technical pullback rally is on the cards if the index manages to hold above 22950. Should it succeed, we could witness a bounce back to the 23100-23200 range. Conversely, if the index falls below 22720, market sentiment could turn bearish.
Global Markets Overview
As we look at global markets, cues from international indices suggest a mixed bag. Investors are advised to keep an eye on global economic indicators that could influence market movements. The ongoing geopolitical tensions and economic data releases will play a significant role in shaping market sentiment.
8 Stocks to Buy or Sell on Monday
Based on technical analysis and market trends, here are 8 stocks to consider for trading on Monday:
- Buy: HDFC Bank – Strong fundamentals and positive sentiment.
- Buy: Reliance Industries – Expected to bounce back after recent dips.
- Buy: Infosys – Positive outlook driven by strong earnings.
- Sell: Tata Motors – Bearish indicators suggest a potential decline.
- Sell: Zomato – Recent performance raises concerns.
- Buy: Bajaj Finance – Continued demand in the financial sector.
- Buy: Hindustan Unilever – Resilient consumer demand.
- Sell: ONGC – Volatile oil prices could impact performance.
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