Intraday Stocks To Buy Today, April 15: Top Picks By Sumeet Bagadia For Profitable Trading On Tuesday

The U.S. declaration of reciprocal tariffs drove waves of shock across global markets, causing the Indian equity benchmarks to complete the previous week on a muted tone, ending with modest declines as the Nifty and Sensex pared losses and settled at 22,828.50 and 75,157.26, respectively, down almost 0.5%. There will be a number of important economic data announcements from major global economies during the week of April 12-19, 2025. For example, the United States will publish the Industrial Production (YoY) figures for March on April 16 and the Initial Jobless Claims report on April 17. In India, the Wholesale Price Index (WPI) for March will be released on April 15, as a result, all these events will be closely watched with Q4 corporate earnings, private banking giants HDFC Bank and ICICI Bank, as well as IT industry heavyweights Wipro and Infosys, are scheduled to announce their quarterly results.

Nifty Outlook

"Technically, Nifty formed a bullish candle on daily and weekly charts, sustained above the trend line resistance of 22,700, and closed above the 22,800 hurdle, signalling strength. On the upside, 23,060 will serve as a crucial resistance point for the index, representing the 61.8% Fibonacci retracement of the recent fall, while 22,700 will now act as key support. Traders are advised to follow a 'buy on dips' strategy in Nifty," said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).

Bank Nifty Outlook

"Technically, the Bank Nifty index decisively crossed the key resistance zone of 50,750-50,800 and formed a big bullish candle on both daily and weekly charts, reflecting underlying strength. The breakout level of 50,750 will now act as immediate support, and as long as the index sustains above this level, it has the potential to rally towards 51,500-52,000. Hence, traders are advised to adopt a "buy on dips" strategy," commented Hrishikesh Yedve.

Stocks To Buy Today

Sumeet Bagadia, executive director of Choice Broking, recommended buying two stocks on Tuesday, April 15, following a significant 6.17% drop in the India VIX volatility index to 20.11, which indicated a decline in market volatility.

Nestle India

Buy NESTLE in Cash @ Rs 2361.40, Stop-loss @ 2260, Target @ 2570

NESTLEIND is currently trading at ₹2,361.40. After experiencing a sharp decline, the stock entered a phase of wide-range consolidation, suggesting accumulation at lower levels. It is now on the verge of breaking out of this consolidation zone, supported by a slight increase in trading volumes, which adds conviction to the emerging bullish setup.

If NESTLEIND manages to maintain its position above ₹2,390, it could confirm the breakout and open the door for an upside move toward the target of ₹2,570. The Relative Strength Index (RSI) is at 68.21 and trending upwards, indicating building momentum and the potential for further price appreciation in the short to medium term.

From a trend perspective, NESTLEIND has surpassed all its key exponential moving averages, including the short-term (20-day), medium-term (50-day), and long-term (200-day) EMAs. This alignment reflects a shift in sentiment toward bullishness and strengthens the case for a sustained uptrend if the breakout holds.

Given the improving technical structure and momentum, traders can consider buying NESTLEIND at the current market price of ₹2,361.40, with a stop-loss placed at ₹2,260 to manage downside risk. As long as the stock sustains above its key support and builds on volume, it remains well-positioned for a move toward the ₹2,570 target.

Kalyan Jewellers India

Buy KALYANKJIL in Cash @ Rs 510.75, Stop-loss @ 485, Target @ 565

KALYANKJIL is currently trading at ₹510.75. After witnessing a sharp decline, the stock has entered a consolidation phase near its demand zones, indicating possible accumulation and a base-building structure. It is now showing signs of a potential reversal, supported by a noticeable increase in trading volumes, which strengthens the bullish setup developing at these levels.

If KALYANKJIL manages to give a sustainable move above ₹520, it could confirm the reversal and unlock further upside potential toward the target of ₹565. The Relative Strength Index (RSI) stands at 59.44, showing a reversal on the upper side, which reflects strengthening momentum and supports the case for continued upward movement in the short term.

On the trend front, the stock has rebounded smartly from lower levels, crossing above its short-term (20-day) and medium-term (50-day) exponential moving averages. It is now approaching its long-term (200-day) EMA, and a sustained close above this level would further validate the shift toward a bullish trend.

Considering the improving technical structure and volume support, traders may look to buy KALYANKJIL at the current market price of ₹510.75, with a stop-loss set at ₹485. As long as the stock holds above its key support levels and builds momentum, it remains well-positioned to test the ₹565 target in the near term.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.