Best stocks -recommendations today: Marketsmith India's best choices for April 22

Copyright © HT Digital Streams Limit all rights reserved. Markets Marketsmith India 4 min Read 22 Apr 2025, 05:45 AM IST Best Stock -Recommendations Today: Marketsmith India proposes two shares for April 22. Summary Best Stocks -Recommendations Today: Discover Marketsmith India’s expert pitch for Tuesday, April 22. Get insights on the best performing stocks and make informed investment decisions. The Nifty 50 rose 1.15% on Monday and closed more than 24,100. The rally was driven by strong earnings of major banks such as HDFC Bank and ICICI Bank, which increases the investor sentiment. The financial sector led the rally, with the Nifty Bank reaching a record high. Broad-based purchase was observed in sectors, with FMCG, all the sectors in green closed. Foreign Institutional Investors (FIIs) continued their kicking line and supported the market momentum. Here are the best stock recommendations for today: Two stock recommendations by Marketsmith India for April 22: Astral Ltd (Current Price: £ 1336,7) Why It Is Recommended: Diversified Product Portfolio and Segment Expansion, Trader Friendly Policy, and Distribution Strength Key Metrics: P/E: 67.21 | 52-week High: £ 2,454,00 | PART: £ 6.10 Lakh Technical Analysis: Recycle the 21-DMA risk factors: raw material price volatility, supplier concentration risk buying at: £ 1,336,7 | Target Price: £ 1,710 in three months | Stop Loss: £ 1,228 Icici Lombard General Insurance Co. Ltd. (Current Price: £ 1,841) Why it is recommended: strong market position, expanding health insurance segment Key statistics: P/E: 72.06 | 52-week High: £ 2,302 | PART: £ 5.46 Crore Technical Analysis: Horizontal Trendline Outbreak -Outdoor: Competition and Price Wars, Dependency of Motor Segment Buy at: £ 1,841 | Target Price: £ 2,080 over three months | Stop loss: £ 1,720 Read also: Taril leads the power play. Are other transformer stocks ready to rise? How the Nifty 50 performed on April 21 on Monday, the Nifty 50 expanded its rally for the fifth consecutive session, with about 1.15% and a strong bullish candle formed with a higher high and higher layer on the daily map. Broader market indices and the most important sectoral indices, except FMCG, have also achieved profits. The Nifty IT and Metal sectors contributed to the rally, with a significant short cover. The Advance-Decline ratio strongly favored the Bulls at 3: 1, reflecting the broad market participation. From a technical perspective, the index re-recorded its 200-DMA and managed to close above it. The relative strength index (RSI) still tends upwards with a positive slope on the daily and weekly maps, which indicates the strengthening of momentum. The MACD on the daily chart also rises and remains above the central line, strengthening the prevailing bullish sentiment. On the weekly chart, however, MACD still trades below the central line. In accordance with O’Neil’s methodology of market direction, the Nifty Bank passed from a “rally attempt” to an “confirmed upward status”. When we look forward, the prejudice remains positive in the coming days. However, some consolidation cannot be excluded. The index regained its 200-DMA and closed up there with a strong bullish sentiment, which made the 200-DMA an immediate support level, followed by 23,500. At the top, immediate resistance is placed near 24.200. For the index to become more clumsy, it must cross and maintain more than 24,200, which can open the way to 24,700–24,900 in the upcoming sessions. Also read: PI Industries bets on innovation and scale to execute the turbulence How did the Nifty Bank perform? The Nifty Bank rose 1.87%on Monday, which expanded its bullish momentum and closed at a new high of 55.304.50, which strongly exceeded the broader market. The rally was fueled by strong earnings of large private banks, including HDFC Bank and ICICI Bank, which lifted the total sentiment in the financial sector. Nifty Financial Services Index has also scaled a new high, reflecting the broad-based participation and strength on financial names. The index formed another bullish candle on the daily map and closed at a fresh high of all time, continuing its movement in an uncharted area with a strong momentum. Momentum indicators, RSI and MACD, are firmly in a bullish orbit over various timeframes, strengthening the prevailing power. In addition, this most important sectoral index performed better both the broader market and other sectoral counterparts, indicating a strong sector -specific leadership and sustained buying interest. According to O’Neil’s methodology of market direction, the Nifty Bank passed from an “upward under pressure” to a “confirmed upward” status. Also read: Why an airline builds a hotel -rich in India, the bias remains positive in this space as long as it goes beyond the previous pivot of 54,500. The current momentum can drive the index to 58,500-60,000 in the coming weeks. However, a failure to keep above the 54,500–54,000 support series can cause profit discussion and lead to short -term consolidation. Marketsmith India is a stock research platform and advisory service that focuses on the Indian stock market. It provides instruments and resources to help investors make informed decisions based on the Can Slim methodology, founded by legendary investor William J. O’Neil. You can get access to a free ten -day trial period by registering on its website. Brand name: William O’Neil India Pvt. Ltd. SEBI REGISTRATION No: INH000015543 Website: https://marketsmithindia.com 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 recommendation #stock recommendations #stock Market #markets Premium Mint Special