Indian stock markets started trading with a notable rally on Thursday, fueled by optimistic investor sentiment around a possible US-India trade deal. The Nifty 50 index breached the 26,000 threshold for the first time since September 2024, opening the day at 26,057.20, up 188.60 points or 0.73 percent. Its previous 52-week high was 26,277.35. The BSE Sensex also saw a significant rally, opening at 85,154.15, reflecting a gain of 727.81 points or 0.86 percent, coming close to its all-time high of 85,478.25 reached on September 27, 2024. such as expected developments regarding a US-India trade agreement. Market Views – Riyank Arora, Technical Analyst, Mehta Equities Ltd Nifty 50 Outlook Nifty 50 has seen a strong breakout above 25,700, confirming bullish momentum on the daily charts. The index finds solid support near 25,500, while immediate resistance is seen around 26,000 and 26,200. The structure remains positive, backed by steady buying across large-cap counters. As long as Nifty sustains above 25,500, the uptrend remains intact. Traders should adopt a buy-on-dips strategy, eyeing higher levels towards 26,200 in the coming sessions. Bank Nifty Outlook Bank Nifty registered a decisive break above 56,800, supported by solid gains in large private and PSU banks. The index now has key support near 57,000, while resistance is placed at 59,000 and 60,000. The overall trend remains positive, with strong momentum indicators indicating continued upside. Sustaining above 57,000 could pave the way for a rally towards 60,000 in the short term.Stocks to Buy for Short Term Riyank Arora recommends these three stocks in the short term – Bharti Airtel, Motilal Oswal and Paytm. Bharti Airtel – Buy | CMP: ₹2,051 | SL: ₹1,990 | Target: ₹2,150 / ₹2,200 Bharti Airtel is trading near its all-time high, showing continued strength with rising volumes. The stock has given a clean breakout on the daily chart, supported by a bullish RSI setup. Holding above ₹ 2,051 could trigger a rally towards ₹ 2,150 and ₹ 2,200. Traders can maintain a stop loss at ₹ 1,990 for risk management. Motilal Oswal – Buy | CMP: ₹1,020 | SL: ₹985 | Target: ₹1,080 / ₹1,120 Motilal Oswal broke out of a consolidation zone, backed by strong institutional buying. The stock is trading comfortably above its key moving averages, suggesting sustained momentum. RSI is gradually rising, indicating further upside potential. Sustaining above ₹1,020 could see the stock drift towards ₹1,080 and ₹1,120. A stop loss at ₹985 is recommended. Paytm – Buy | CMP: ₹1,305 | SL: ₹1,250 | Target: ₹1,400 / ₹1,460 Paytm has shown a sharp recovery from recent lows, forming a bullish pattern on the daily chart. Strong volume action and improved momentum indicators support a positive outlook. Sustaining above ₹1,305 could propel a rise towards ₹1,400 and ₹1,460. Traders should keep a stop loss at ₹1,250 to effectively manage downside risk. Disclaimer: The views and recommendations above are those of individual analysts, experts and brokerage firms, not of Mint. We advise investors to check with certified experts before making any investment decisions.
Stocks to buy in the near term: Mehta Equities’ Riyank suggests buying Bharti Airtel, Motilal Oswal, Paytm shares
