Best Stocks -Recommendations Today: Marketsmith India's Best Choices for April 16

Copyright © HT Digital Streams Limit all rights reserved. Markets Marketsmith India 3 min Read 16 Apr 2025, 05:45 AM IST Best stock recommendations Today: Marketsmith India proposes two shares for April 16. Summary Best Shares -Recommendations Today: Discover Marketsmith India’s knowledgeable peak for April 16. Get insights into the best performing stocks and informed investment decisions. The Indian criterion index, Nifty 50, continued on April 15 amid improved world sentiment and the support of recent monetary policy measures. After the Reserve Bank of India (RBI) from last week and accommodating attitude, investor confidence remained positive. The concerns about the global trading tension and expectations of possible rate cuts by large central banks have lifted the overall market mood. Buying interest in key sectors, especially in banking, metal, energy and car, contributed to the day’s profits. Also read: Mayhem for that shares such as FIIs have taken off. What lies ahead? Best stock recommendations today | Two shares by Marketsmith India: Lux Industries (Current Price: £ 1,435,50) ● Why it is recommended: Robust back wind of the domestic economy, strong core operating, stable asset quality, focused loan growth. ● Important Statistics: P/E: 23.70 | 52-week High: £ 2,493 | Part: £ 21.15 Crore ● Technical Analysis: Recycle 50 DMA After forming a rectangular base ● Risk factors: Intense competition in the segment of the inner clothing, volatility in the raw material. ● Buy at: £ 1,400–1,440 ● Target price: £ 1.686 over three months ● Stop loss: £ 1.290 Axis Bank (Current Price: £ 1,114,05) ● Why it is recommended: Rising coal demand, government support and monopoly ● Important metric: p/e: 11.73 | 52-week High: £ 1,339,65 | Part: £ 1,032 Crore ● Technical Analysis: Bullish Flag Voir Settlement Pattern, 100-DMA Support ● Risk factors: Slow growth, margin pressure, external economic challenges. ● Buy at: £ 1,114 ● Target price: £ 1.255 over three months ● Stop loss: £ 1.040 Nifty 50: How the benchmark index performed on April 15 on Tuesday, the Nifty 50 index expanded its recovery and rose by 2,19%. The session began with a strong opening of the stir and maintained a steady yield throughout the day and traded within a series of 23.207-23.368. A bullish candle is formed on the daily map, reflecting the improved market sentiment. All sectoral indices have ended in the green, with the pre-cover ratio on a solid 6: 1, indicating a broad-based buying support. Also read: Three shares to look at whether Apple manufacturing is moving to India from China, and eluding US rates from a technical perspective, the index has re-tested its 100-day moving average (DMA), but struggled to close above it and end the session around the key level. The RSI is higher with a positive slope, while the MACD showed a bullish transition on the daily map, suggesting that the momentum is reinforced in the short term. The Indian market was moved from a downward trend on Friday to a rally attempt, as the Nifty was held above the recent low of 21,744 for three sessions. A follow -up day or a new highlight is needed to confirm a rise. However, if the Nifty violates 21.744, the market will return to a downward trend. The index recently tested its 100-DMA, which has been positioned about 23,390, which can act as a resistance level. If the index manages to recycle and maintain the trade above this 100-DMA, it could possibly drive the index to 23,800, followed by 24,200 level in the coming days. To the disadvantage, the immediate support is nearly 22,900–22.800 levels. How did Nifty Bank perform? The Nifty Bank continued its bullish momentum on Tuesday, rose 2.70% and closed near the high of the day after a strong opening. Heavyweight shares such as HDFC Bank and ICICI Bank led the rally. The index forms a bullish candle on the daily map and now trades well above all the major moving averages, reflecting a strong positive sentiment. Momentum indicators support this power, with the RSI around 64 upwards and the MACD positive and trade above the central line. In accordance with the methodology of O’Neil for the assessment of the market direction, Nifty Bank passed from an “upward under pressure” to an “confirmed upward” status. Also read: The market recovery offers little comfort. Ask India’s fear meter. The index moves forward and looks at immediate resistance near 52,500. A definite exposition and sustained trade above this level can drive further upside down to 53,500-54,000. However, failure to surpass 52,500 could lead to consolidation in the short term. Marketsmith India is a stock research platform and advisory service that focuses on the Indian stock market. Brand name: William O’Neil India Pvt. Ltd. (SEBI Registered Research Analyst Registration No.: INH000015543) “Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification of nism in no way guarantees of the intermediary or the shares of the competence are not in this view. Views of Mint.