Backed by strong technical indicators and firm sectoral participation, Nifty now looks poised to extend its northward journey in the coming weeks and is likely to test the level of 25,800, followed by 26,100 in the short term, said SBI Securities' Sudeep Shah.
The market is expected to trade with a positive bias, albeit within a likely rangebound zone. Below are some short-term trading ideas to consider.
Stocks to Watch, 19 May: Stocks like Zen Technologies, Arvind Fashions, Galaxy Surfactants, KRBL, Kalpataru Projects International, IOL Chemicals, Repco Home Finance, CreditAccess Grameen, Dhampur Sugar Mills, Gujarat Alkalies, Kaynes Technology India, Texmaco Rail & Engineering, Sterlite Technologies, and Dr Reddy's Laboratories will be in focus on May 19.
ICICI Securities recommended reduce rating on GlaxoSmithKline Pharmaceuticals with a target price of Rs 2,600 in its research report dated May 14, 2025.
Stocks to watch, 14 May: Stocks like AurionPro Solutions,VST Tillers Tractors,VIP Industries,Honeywell Automation,GlaxoSmithKline Pharmaceuticals, Metropolis Healthcare, ITD Cementation India, Max Financial Services, Garden Reach Shipbuilders & Engineers, ASK Automotive, Bharti Airtel,Tata Motors,Dalmia Bharat Sugar and Industries, and Bharti Hexacom will be in focus on May 14.
Benchmark indices may once again attempt to test the previous day's highs, but sustaining those levels is the key to watch amid ongoing consolidation. Below are some short-term trading ideas to consider.
Stocks to watch, 30 Apr: Stocks like Bajaj Finserv, Bharat Petroleum Corporation, Jana Small Finance Bank, UTI Asset Management Company, Star Health, Ceat, Shoppers Stop, CIE Automotive India, Praj Industries, Indostar Capital Finance, Fedbank Financial Services, and State Bank of India will be in focus on April 30.
Rather than solely betting on a bounce or trend reversal in the broader index, look to stocks like Castrol India, Cholamandalam Investment, and GlaxoSmithKline that demonstrate potential bullish signals across multiple timeframes.
Stocks like Glaxosmithkline Pharmaceuticals, Container Corporation, Prestige Estates Projects, Capri Global Capital, Redington, Motisons Jewellers, Honeywell Automation, MTAR Technologies, and Welspun Enterprises will also be in focus on October 30.
The company's board declared a special interim dividend of Rs 12 per equity share of face value of Rs 10 each
Stocks like Mankind Pharma, Indian Energy Exchange, NHPC, BGR Energy Systems, PDS, Jindal Stainless, and Medi Assist Healthcare Services will also be in focus on September 4.
ICICI Securities recommended hold rating on GlaxoSmithKline Pharmaceuticals with a target price of Rs 2640 in its research report dated August 05, 2024.
UltraTech Cement, Mahindra & Mahindra Financial Services, RattanIndia Enterprises, Adani Ports and Special Economic Zone, SMC Global Securities, GlaxoSmithKline Pharmaceuticals, and Zee Entertainment will also be in focus on Wednesday.