Sumit Bagadia recommended three shares recommended to buy on Monday 17 March 2025

The Indian stock market was a little lost on Thursday. The Nifty 50 index fell 73 points closed at 22,397. BSE Sensex fell by 200 points at 73,828. The bank Nifty Index increased slightly from 48,060. The markets declined as a decline in auto and IT sector shares.

Nifty realty, media and financial services were the biggest disadvantages, bank Nifty and PSU bank index were positively closed. The cash market volume in NSE fell 15% compared to the previous day. Nifty midcap and smallcap 100 index lost compared to Nifty.

Stock market next week

Choice Broking Executive Director Sumit Bagadia believes that the Indian stock market isware of the major support levels of 22,300 to 2250. Nifty said it was in a wide range of 22,000 to 22,650. He advised investors to look at technically strong shares. It was suggested to buy these three shares on Monday. Learn about them here.

1]Kotak Mahindra Bank: Rs. Buy at 1985.10, target Rs. 2125, closed loss Rs. 1920

Kotak Mahindra Bank Share is currently Rs. Trading at 1985.10. Strong uptrend continues. The fate speed is getting stronger. In particular, it recently Rs. The new 52-week of 1997.70 reached a high level. Its 20-day EMA, 50-day EMA, trade over 200-day EMA, shows strong support in the share price of bank shares, short-term and long-term trends. This technical power goes away from a major resistance level and the stock is likely to increase further. If the speed continues, it soon Rs. Can be reached by 2125.

Tatkal support for Kotak Mahindra Bank’s share price. 1950. The relative strict index (RSI) is currently at 60.88. To maintain the risk effectively and to protect any unexpected market from reversal, Rs. Stop-Las suggested in 1920.

2]REC: Rs. Buy at 52.65, target Rs. 56, closed loss Rs. 51.

REC share price is currently Rs. Trading at 52.65. Supporting in 200 EMA. Indicates potential power. Rupee. The decisive conclusion of more than Rs 53.50. 55, Rs. 56s will make it more to go with small goals. Rupee. 52 as a quick support level. It creates a dip-on-by-opportunity. Rupee. Stop-las was recommended at 51.

The RSI at 36.64 is on the trend of trend. Possible speed represents a change. The stock also creates a candle breakout. 100 EMA with Rs. Ensures more than 54 rapid breakouts.

3]Sun Pharma: Rs. Buy at 1683.45, target Rs. 1800, Stop Loss Rs. 1610.

Sun Pharma Share Rs. Trading at 1683.45. Demonstrating recovering signals after prolonged decrease. The stock formed a possible floor. The tendency refers to the opposite opportunity. The stock has crossed its 20-day exponential moving average (EMA), indicating a short-term speed change. However, it is less than the 50-day, 200-day EMA. The reverse of complete tendency has not yet been diagnosed. If the stock successfully exceeds this level, its price is Rs. 1800 can reach a small target.

Rupee. There is resistance from 1700 to 1750 range. Rupee. 1660 to Rs. There is a significant support between 1640. The relative strict index (RSI) is currently at 53.20. Reflects the speed of improvement. Rupee. Stop-las was recommended in 1610.

(To discourage: The views and recommendations given in this article are individual analysts. They do not mention the ideas of India time. We advise investors to consult authorized professionals before taking any investment decisions.)