Shares To Buy Today: Intraday BUY/SELL Calls By Sumeet Bagadia On Tuesday, 25th Feb

On Monday, Nifty closed the day at 22,553.35, down 1.06%, while Nifty Bank closed the day at 48,651.95, down 0.67%. Lower highs and lower lows are the pattern that Nifty Bank is still following. The market's fear indicator, the India VIX, decreased by 0.60% to 14.42, suggesting a slight decline in risk perception. However, volatility is anticipated to be headed and market sentiment will remain cautious as long as VIX stays below the crucial 15 mark.

Nifty Outlook Today

"Nifty continues to struggle with consistent selling pressure, showing little signs of a meaningful recovery and facing stiff resistance on every upward attempt. The 22,700-23,000 range stands as a strong supply zone, with RSI lingering below 40, amplifying the chances of a continued downside move. Moreover, with the index trading significantly below its short-term moving averages, any rebound attempt is likely to be met with fresh selling pressure. The 22,500 level remains a last-ditch support for bulls to stage a temporary pullback. However, unless Nifty decisively reclaims 23,000, any rally is likely to falter due to persistent call writing and technical obstacles. Given the prevailing market structure and uncertainties, a 'Sell on Rise' strategy remains the most prudent approach. Immediate resistance stands at 22,700, while key support rests at 22,500. A decisive breakout from this zone on either side will dictate the next directional move," commented Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"Nifty Bank remains under consistent selling pressure, with muted recovery attempts facing stiff resistance on rallies. The 49,000-49,200 range remains a strong supply zone, while the RSI hovering near 40 indicates a sluggish downside bias. Additionally, the index is trading well below its short-term moving averages, making a mean-reverting pullback possible. The 48,200-48,000 region remains the last hope for bulls to stage a temporary bounce. However, unless the index decisively clears the 49,200 mark, any upward momentum is likely to be met with renewed selling pressure, given persistent call writing and technical hurdles. Given the current market structure and prevailing uncertainty, a 'Sell on Rise' strategy remains favourable," suggested Dhupesh Dhameja.

Stocks To Buy Today

Sumeet Bagadia, executive director of Choice Broking, recommended buying two stocks on Tuesday, February 25th, after the Nifty's RSI remained below 40, increasing the likelihood of a further downturn.

CG Power and Industrial Solutions

Buy CGPOWER in Cash @ Rs 602.5, Stop-loss @ 580, Target @ 644

CGPOWER is currently trading at ₹602.50, having recently rebounded from a key support level and forming a bullish engulfing candle on the daily timeframe.A sustained move above the critical resistance level of ₹610 could serve as an ideal entry point for long positions, with a potential upside target of ₹644. This breakout scenario is further supported by a noticeable increase in trading volumes, highlighting robust buying interest among investors.

The Relative Strength Index (RSI) stands at 47.98 and is trending upward, signaling improving bullish strength with room for further growth. Additionally, CGPOWER is trading above its 20-day Exponential Moving Average (EMA) and is approaching its 50-day and 200-day EMAs. A decisive close above these levels would further reinforce the prevailing positive trend.

Traders may consider entering at the current price of ₹602.50, with a stop-loss set at ₹580 to manage risk effectively and an upside target of ₹644. While the trade setup appears favorable, it is essential to stay cautious of short-term volatility and adhere to strict risk management practices for optimal trade execution.

Berger Paints India

Buy BERGEPAINT in Cash @ Rs 502.85, Stop-loss @ 486, Target @ 539

BERGER PAINTS is currently trading at ₹502.85, having recently rebounded from a key support level, signaling a potential bullish reversal. After a period of consolidation within the ₹468 - ₹496 range, the stock has broken out with increased volume, confirming strong buying interest and reinforcing a positive outlook.

A sustained move above the critical resistance level of ₹512 would serve as an ideal entry point for long positions, with a potential upside target of ₹539. The Relative Strength Index (RSI) is currently at 63.53 and trending upward, indicating a strong uptrend with room for further growth. Additionally, BERGER PAINTS is trading comfortably above its 20-day and 50-day Exponential Moving Averages (EMAs) and is approaching its 200-day EMA. A closing above the 200-day EMA would further strengthen the bullish bias.

Traders may consider entering at the current price of ₹502.85, with a stop-loss set at ₹486 to manage risk effectively and an upside target of ₹539. While the trade setup appears favorable, it is crucial to remain cautious of short-term volatility and adhere to disciplined risk management strategies for successful trade execution.

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.