On April 22, 2025, the Indian stock market continued its upward trend, marking six consecutive days of gains. However, the rise was somewhat muted, influenced by weak global signals. The Sensex finished at 79,595.59, climbing by 187 points or 0.24%, while the Nifty 50 closed at 24,167.25, an increase of 42 points or 0.17%. In contrast, the BSE Midcap and Smallcap indices outperformed the main benchmarks, rising by 0.81% and 0.82%, respectively.
Market Overview and Expert Insights
Sumeet Bagadia, the Executive Director at Choice Broking, maintains a positive outlook on the Indian stock market despite the Nifty 50 facing resistance around 24,200 after a robust two-week ascent. According to Bagadia, the index has established a critical support level at 23,800 and is hitting resistance between 24,250 and 24,300. He suggests that if it breaks through this barrier, we could see the index soar to 24,800.
- Support Level: 23,800
- Resistance Levels: 24,250 to 24,300
- Potential Target: 24,800
Stock Recommendations for April 22, 2025
With the earnings season underway, Bagadia advises traders to adopt a focused approach, identifying stocks that exhibit strength on technical charts. Here are five breakout stocks he recommends for today:
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Shankara Building Products
- Buy Price: ₹656.2
- Target Price: ₹785
- Stop Loss: ₹710
-
Avalon Technologies
- Buy Price: ₹913
- Target Price: ₹980
- Stop Loss: ₹875
-
Vadilal Industries
- Buy Price: ₹7163.3
- Target Price: ₹7600
- Stop Loss: ₹6850
-
Kfin Technologies
- Buy Price: ₹1284.4
- Target Price: ₹1380
- Stop Loss: ₹1240
- Azad Engineering
- Buy Price: ₹1560.6
- Target Price: ₹1666
- Stop Loss: ₹1505
By focusing on these specific stocks, investors can potentially capitalize on the market’s positive momentum. Keep an eye on these recommendations, as they may guide your trading decisions in the coming days.
For more insights and updates on the stock market, consider exploring additional expert analyses.
