Top 3 shares to buy today: Expert Ankush Bajaj's choices for May 12

Copyright © HT Digital Streams Limit all rights reserved. Ankush Bajaj 4 min read May 12, 2025, 08:29 AM ist Ankush Bajaj recommends three shares for May 12. Summary Top Three Stocks To Buy Today: Discover Ankush Bajaj’s knowledgeable shares for Monday 12 May. Get insights into the best performing stocks and informed investment decisions. On Friday, May 9, 2025, the Indian stock market has a sharp decline amid rising geopolitical tensions between India and Pakistan. The market opened with a significant gap and continued to trade the entire session poorly. The India VIX focused on emphasizing increased investor anxiety and volatility. The BSE Sensex ended the day at 79,454.47, 880.34 points or 1.10%lower, while the NSE Nifty fell 50 265.80 points or 1.10%, which closed at 24,008. The bank Nifty also dropped 1.10% to finish at 53,595.25. Also read: Sebi may provide relief for HFTs, but keep the retail F&O activity Top 3 shares recommended by Ankush Bajaj Buy: Titan Company Ltd (Current Price: £ 3510) Why it is recommended: On the daily chart, the RSI of the stock is also a double rise and has gave a direct signal. Important Statistics: Resistance Level: £ 3560 (Short Term Resistance), Support Level: £ 3480 (Recent Extension Zone), Pattern: Double Below + rectangular outbreak, volume: moderate volume during technical analysis: price trading above all major moving averages. RSI> 60 and MACD Crossover represent a bullish momentum. The 15-minute exposition indicates the short-term provision. Risk factors: Distribution under £ 3480 with volume can invalidate the pattern. Intraday volatility or market weakness can affect trade. Buy at: £ 3510 Target Price: £ 3560 Within 1-3 Days Stop Loss: £ 3480 Buy: NMDC Ltd (Current Price: £ 64.20) Why It Is Recommended: Inventory made double bottom at £ 59 level and then we saw a decent rally up to £ 69. Expect a good setback in this stock. Important Statistics: Resistance Level: £ 72 (Recent Swing-High Zone), Support Level: £ 59 (Double Supported), Pattern: Double bottom + Return Conversion, Volume: Moderate During turnaround Technical Analysis: Price is above the short-term moving averages and shows signs of strength to retreat. Double bottom pattern and bullish turnarounds indicate the continuation of the upward trend. Risk factors: Distribution under £ 59 with volume can invalidate the setup. Global metal price weakness can affect the momentum. Buy at: £ 64.20 Target Price: £ 70-£ 72 In 1 Week Stop Loss: £ 59 Also Read: Is L&T Confedient on FY26 Training? Buy: CPR Mill Ltd (Current Price: £ 1306) Why it is recommended: Inventory has made a new lifelong high level, also a volume exposition is seen, and expects a good trend in the short term. Important Statistics: Resistance Level: £ 1450 (Upper Resistance Zone), Support Level: £ 1215 (Recent Outbreak Support), Pattern: Lifetime High Breakout, Volume: Strong Volume During Technical Analysis of the outbreak: Price traded above all most important moving averages. Breakout with volume and fresh all time indicates bullish strength and tendency compensation. Risk factors: Distribution under £ 1215 with a strong volume can invalidate the setup. Market volatility can affect the short -term price movement. Buy at: £ 1306 target price: £ 1430-£ 1450 in 1-2 weeks Stop loss: £ 1215 Sectoral performance The sale was broadly based in sectors. The then property index fell 2.38%, reflecting the fear of delayed timelines for the project and cautious investor sentiment. The then financial services index fell 1.84%, injured by concerns about rising credit risks amid macro uncertainty. The then sector fell 1.45%, influenced by weakness in telecommunications and business service providers. The then PSU bank managed to close 1.59%, with resilience and selective buying in public sector banks. Despite the top profits, despite the negative mood, a few stocks fared better. Titan Company rose 4.18%, backed by a robust Q4 earnings and a continued demand for premium watches and jewelry. Tata Motors achieved 3.76%, powered by strong April sales and optimism in the EV segment. Larsen & Toubro (L&T) advanced 3.61% after posting better than expected Q4 results and announcing strong order inflow. Top losers Some heavyweight shares have most of the sale. ICICI Bank fell 3.25%, as financial shares have experienced the pressure on increasing uncertainty. Power Grid Corporation dropped by 2.90%, influenced by regulatory problems and a lower appetite for investors for defensive. Grassim Industries fell by 2.37%, dragged by weakness in cement and textile business prospects. Nifty Technical Analysis Nifty Daily Chart The Nifty saw a gap and then consolidated throughout the day. It closed in the red, ~ 266 points. On the weekly maps, the index formed a candlestick pattern of the swallowing chandelier on the 61.82% Fibonacci feedback level (24,500) of the total decline in September to April. The daily momentum indicator has given a negative crossing that is a sales signal. Thus, minor degree must withdraw to the resistance zone of 24,100–24.150 as a sales opportunity. Indiavix has risen another 2.5% to 21.54, which is a sign of a short -term volatility, and it also indicates that prices can respond negatively. To the downside, we expect the index to drive to 23,500, which coincides with the 200-day exponential moving average and the 38.2% Fibonacci conclusion level of the increase from 21,743 to 24,589. Nifty hourly chart on the daily map traded Nifty above the 20-day moving average (DMA) and the 40-dema of 23.910 and 23,670 respectively. The momentum indicator has a negative transition on the daily map. On the hourly chart, Nifty trades below the 20-hour moving average (HMA) and the 40-hema of 24.248 and 24.254 respectively. The momentum indicator has a negative transition on the hourly maps. The width of the market was negative with 1 063 progress and 1.752 declines on the NSE. Also read: The restoration of Godrej Consumer depends on Premium Shift, International Play Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and NISM certification in no way guarantees the performance of the intermediary or gives any returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #stocks to buy #stock -Recommendations Mint Specials