As the stock market wrapped up the week ending April 11, 2025, investors faced heightened volatility, resulting in a slight dip for the benchmark Nifty 50 index. The Bank Nifty closed down by 1%, settling at 51,002.35, with sectors like real estate, metals, and IT stocks significantly underperforming. Conversely, the FMCG and Energy indices showed resilience and managed to gain ground during this turbulent week.

Market Outlook for Monday

Looking ahead, as long as the Nifty 50 remains above 22,500, the potential for a rebound appears promising. Amol Athawale, VP of Technical Research at Kotak Securities, notes that if the index surpasses the 23,000 mark, it could rally towards 23,200. For the Bank Nifty, key support levels are identified at 51,000 and 50,500, which will be crucial for bullish sentiment.

Global Influences and Earnings Reports

The upcoming week, shortened by holidays, is expected to be impacted by ongoing developments regarding U.S.-China tariffs. Domestically, attention will shift to corporate earnings, with major players like Wipro, Infosys, HDFC Bank, and ICICI Bank set to release their quarterly results. Ajit Mishra, SVP of Research at Religare Broking Ltd, emphasizes the importance of these announcements for market direction.

Recommended Stocks for Today

Sumeet Bagadia, Executive Director at Choice Broking, has identified two stock picks for today, while Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, has three additional recommendations. Here’s a closer look at the suggested stocks:

• Rainbow Children’s Medicare Ltd

  • Buy at: ₹1,530.85
  • Target Price: ₹1,685
  • Stop Loss: ₹1,455
    The stock has shown signs of recovery after hitting recent lows, forming a rounding bottom pattern on the daily chart. A move above ₹1,550 would confirm this bullish trend, paving the way for potential gains.
• Power Grid Corporation of India Ltd
  • Buy at: ₹304.10
  • Target Price: ₹335
  • Stop Loss: ₹289
    Power Grid has recently broken out of a descending trendline, suggesting a shift in momentum. A close above ₹305 could signal further upward movement towards new resistance levels.

Additional Stock Recommendations

Shiju Koothupalakkal’s recommendations for intraday trading include:

• Mahindra & Mahindra Ltd

  • Buy at: ₹2,580
  • Target Price: ₹2,700
  • Stop Loss: ₹2,530
    After bouncing back from lows near ₹2,425, this stock shows strong volume and positive momentum, making it a solid buy.

• CG Power and Industrial Solutions Ltd

  • Buy at: ₹572
  • Target Price: ₹605
  • Stop Loss: ₹562
    The stock’s recent double bottom formation indicates a potential for a significant pullback, making it an attractive buy.
• Chalet Hotels Ltd
  • Buy at: ₹819.80
  • Target Price: ₹860
  • Stop Loss: ₹800
    With a bullish pattern forming on the daily chart and solid support levels, Chalet Hotels appears poised for further gains.

As the market evolves, these stock picks may offer promising opportunities for investors looking to navigate the current landscape effectively. Always conduct thorough research or consult with a financial advisor before making investment decisions.