Buy or Sell Stock: After opening on a strong note, thanks to positive global signals, the Indian stock market took a sharp U-turn on Friday. The early optimism faded as traders locked in profits, triggered by rising geopolitical tensions between India and Pakistan following the terrorist attack in Pahalgam, Kashmir.
By the closing bell, the Nifty 50 had dropped by 207 points, ending the day at 24,039. The BSE Sensex also took a hit, losing 588 points to settle at 79,212, while the Bank Nifty plunged 537 points, closing at 54,664.
Almost every sector ended in the red, with Nifty Realty and Financial Services leading the losses—each falling nearly 3%. The only exception was the Nifty IT index, which managed to stay afloat.
Despite the market drop, there’s a silver lining. Foreign Institutional Investors (FIIs) continued their buying streak for the seventh straight session, pumping in approximately ₹8,250 crore on Thursday. On the global front, there’s some relief as tensions around the US-China trade war appear to be easing. Also, India is reportedly moving closer to finalizing a trade agreement with the United States.
However, investors should brace for potential volatility in the coming days, as the geopolitical situation between India and Pakistan unfolds further.
Market Summary – April 25, 2025
| Index / Sector | Closing Value | Change | Performance |
|---|---|---|---|
| Nifty 50 | 24,039 | -207 points | Negative |
| BSE Sensex | 79,212 | -588 points | Negative |
| Bank Nifty | 54,664 | -537 points | Negative |
| Nifty Realty | — | -3% (approx.) | Top Loser |
| Nifty Financial Services | — | -3% (approx.) | Top Loser |
| Nifty IT | — | Slight Gain | Only Gainer |
| FII Inflow (April 24) | ₹8,250 crore | Continued buying | Positive Sentiment |
| Global Cues | — | Easing trade tensions | Mixed impact |
| Geopolitical Risk | — | India-Pakistan issue | Likely to drive volatility |
Market Outlook Turns Cautious After Key Support Breach
According to Sumeet Bagadia, Executive Director at Choice Broking, the sentiment in the Indian stock market has become more cautious after a key technical level was broken.
The Nifty 50 index closed below its 200-day exponential moving average (DEMA) at 24,050—an important support level. Bagadia noted that this breach has shaken market confidence. He highlighted 23,800 as the next critical support level for the index, and believes this level needs to hold firm to avoid deeper corrections.
“The close below the 200-DEMA at 24,050 has weakened sentiment. However, 23,800 remains a crucial support zone and is likely to act as a strong base. In the current environment, it’s wise to focus on stocks that are showing resilience and strength on technical charts,” Bagadia advised.
In summary, while caution is warranted, selective stock-picking based on technical strength can still offer opportunities.
Top Stock Picks by Sumeet Bagadia for Monday — 28 April 2025
Market expert Sumeet Bagadia, Executive Director at Choice Broking, has shared his top stock recommendations to watch out for on Monday. His picks include Grasim Industries, TCS, and HUL—all chosen based on strong technical indicators and potential near-term upside.
1. Grasim Industries – BUY Recommendation
- Entry Price: ₹2,734.80
- Target Price: ₹3,030
- Stop Loss: ₹2,600
Grasim Industries has shown a strong recovery after a brief pullback from its recent highs. The stock rebounded sharply from its demand zone and is now approaching the upper boundary of its consolidation range, indicating strength and potential for a bullish breakout.
From a technical standpoint, Grasim is gaining momentum. The Relative Strength Index (RSI) currently stands at 62.68 and is on the verge of a positive crossover—an early sign of strengthening buying interest and improving sentiment. Adding to the bullish outlook, the stock is trading comfortably above all its key Exponential Moving Averages (EMAs): the 20-day, 50-day, and 200-day. This alignment across short-, medium-, and long-term moving averages reinforces the overall positive trend.
Consistent trading volumes during the bounce add further weight to the recovery. A sustained move above the ₹2,800 breakout level will be critical to confirm the next leg of the rally.
Given this favourable setup, traders can look to enter at the current market price of ₹2,734.80, with a stop-loss at ₹2,600 to limit downside risk. If momentum holds, Grasim appears well-positioned to hit the near-term target of ₹3,030.
2. Tata Consultancy Services (TCS) – BUY Recommendation
- Entry Price: ₹3,448
- Target Price: ₹3,780
- Stop Loss: ₹3,290
TCS is showing early signs of a turnaround after suffering a significant correction of nearly 32% from its recent highs. Currently trading at ₹3,448, the stock has started bouncing back from lower levels, supported by consistent trading volumes—a strong sign of fresh buying interest and a shift in market sentiment.
The stock has built a solid base and is now approaching a key resistance level near ₹3,550. A convincing breakout above this zone could confirm a trend reversal and set the stage for a sharp rally towards the ₹3,780 mark.
Technically, the Relative Strength Index (RSI) has reversed from oversold territory and now stands at 50.68, indicating growing momentum. TCS is also climbing above its short-term EMA and moving closer to its medium-term EMA, with a possible test of its long-term EMA on the horizon—signalling broader strength.
With improving technical indicators and solid volume support, traders may consider buying TCS at current levels with a stop-loss at ₹3,290. If the stock sustains above key moving averages and gains strength above ₹3,550, it is likely to meet its upside target of ₹3,780 soon.
3. Hindustan Unilever Ltd (HUL) – BUY Recommendation
- Entry Price: ₹2,332.20
- Target Price: ₹2,550
- Stop Loss: ₹2,225
HUL is trading at ₹2,332.20 and is currently consolidating near its lower range after a steep correction of about 30% from its peak levels. Despite the fall, the stock has attracted visible buying support from lower zones, indicating a shift in sentiment and potential for a rebound.
In recent sessions, HUL faced resistance near the ₹2,400 level but managed to hold above its strong support base—suggesting underlying strength and buyer interest at dips. A clear and sustained move above ₹2,400 would confirm a trend reversal and could propel the stock towards its short-term target of ₹2,550.
The RSI sits at 53.58 and is trending upward from lower levels, signaling an improving technical picture. On the moving average front, HUL has faced pressure at the long-term EMA, but it’s finding support from both its short- and medium-term EMAs—a positive sign for a potential breakout.
Given the stabilizing technical indicators and strong support base, traders can consider entering at the current market price with a stop-loss at ₹2,225. A sustained rally above ₹2,400 may drive the stock toward the ₹2,550 target in the short to medium term.
Quick Summary of Buy or Sell of Sumeet Bagadia Recommendations
| Stock | CMP (₹) | Target (₹) | Stop Loss (₹) | Key Trigger |
|---|---|---|---|---|
| Grasim Industries | 2,734.80 | 3,030 | 2,600 | Bounce from demand zone, above all EMAs |
| TCS | 3,448 | 3,780 | 3,290 | Reversal from lower levels, rising RSI |
| HUL | 2,332.20 | 2,550 | 2,225 | Consolidation breakout potential above ₹2,400 |
Disclaimer: The views mentioned are based on technical analysis and market observations. Please consult with a certified financial advisor before making investment decisions, as market conditions are subject to change.
