Intraday Stocks To Buy Today, April 25: Top Picks By Sumeet Bagadia For Profitable Trading On Friday

While the Nifty Bank index continued its corrective streak and continued to experience selling pressure at high levels, the Nifty index ended its seven-session winning streak by closing at 24,246.70 in the previous session, down 0.34% (-82.25 points). Following a lacklustre day, Bank Nifty closed at 55,201.40, down 0.30% (-168.65 points). With an increase in uncertainty, mostly owing to global reasons, the India VIX nudged up by 1.82% to 16.25, although it was still within the bounds where significant intraday swings were possible. The primary factors that would impact the market would be Q4 corporate results, as heavyweights like Reliance, Maruti, Hindustan Zinc, Shriram Finance, and Cholamandalam Inv. are among the major results to keep an eye on on Friday.

Nifty Outlook Today

"Nifty's inability to extend its rally points to an emerging consolidation phase, especially after the recent overstretched upmove. While the broader trend structure remains Bullish, short-term indicators-particularly the negative divergence on momentum charts-are raising caution flags. A strong close above 24,400 would indicate a likely continuation of the rally, unlocking potential up to 24,500. However, holding the 23,900-24,000 support zone is essential to maintain the bullish bias. For now, the market tone remains constructive but guarded. As long as Nifty oscillates within 23,900-24,500, no clear directional trend is expected. A breakout above resistance could re-energize bulls, while a breach below key support may trigger mild profit-taking towards 23,700. Given the vertical rise seen in previous sessions, the market seems poised for a healthy pause before the next directional push emerges," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"The inability of Nifty Bank to sustain higher ground, despite a strong start, along with the appearance of a bearish candlestick reversal, reinforces the need for near-term caution. The index is still trading comfortably above its 10-day EMA, but intraday RSI divergence is flashing warning signals. A consolidation phase or a mild pullback appears likely before any strong directional move resumes. For bulls to maintain dominance, it's vital that the index holds above the 54,700-54,300 zone. A decisive move above 56,100-56,200 could unlock the next leg higher, while a drop below 54,700 could invite fresh profit-booking towards 54,300. Overall, the medium-term trend remains constructively bullish, but signs of momentum fatigue suggest the index may pause before launching into its next move," Dhupesh Dhameja further recommended.

Stocks To Buy Today

On Friday, April 25, Choice Broking's executive director, Sumeet Bagadia, suggested purchasing two stocks after the Nifty displayed an indecisive Doji candle on the daily chart.

Sammaan Capital

Buy SAMMAANCAP in Cash @ Rs 129.85, Stop-loss @ 125, Target @140

SAMMAANCAP is currently trading at ₹129.85 and is displaying strong bullish momentum. On the daily chart, the formation of a bullish candlestick pattern suggests a reversal from lower levels, indicating renewed buying interest. The stock has successfully closed above its 20-day and 50-day Exponential Moving Averages (EMAs), reflecting growing strength in the trend, and is now nearing the 200-day EMA. A firm close above this level would provide further confirmation of a bullish reversal.

The recent breakout above the key resistance level of ₹127 underscores increased bullish conviction and sets the stage for potential upside. If the momentum continues and the stock manages to surpass subsequent resistance levels, it could move towards the ₹140 mark in the short term. On the downside, ₹127 now acts as immediate support, helping cushion minor pullbacks. The Relative Strength Index (RSI) is at 65.40 and rising, which confirms the strengthening bullish momentum.

Considering the positive technical indicators, traders may look to initiate long positions at the current market price, targeting ₹140 with a stop-loss at ₹125. Proper risk management remains essential.

Bikaji Foods International

Buy BIKAJI in Cash @ Rs 750, Stop-loss @ 723, Target @803

BIKAJI is currently trading at ₹750 and exhibiting strong bullish momentum. The stock has decisively rebounded from lower levels, forming a classic higher high-higher low structure-an encouraging technical sign of a sustained uptrend. A robust bullish candlestick on the daily chart further confirms the strength of this rally. If the stock breaks above the next resistance level of ₹770, it could potentially move towards ₹803 in the near term. Immediate support is placed at ₹745, while a stop-loss at ₹723 is recommended to manage short-term downside risk.

Technically, BIKAJI is trading well above its 20-day, 50-day, and 200-day Exponential Moving Averages (EMAs), which reinforces the strength of the ongoing bullish trend. The Relative Strength Index (RSI) is currently at 66.56 and trending higher, indicating growing buying interest and positive sentiment among traders. Furthermore, the recent breakout above the key resistance level of ₹745 adds to the bullish conviction.

Given the favorable technical setup and strong momentum indicators, traders may consider initiating long positions at the current market price, targeting ₹803. Disciplined risk management is essential.

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.