Top 3 stocks to buy today is recommended by Ankush Bajaj

Copyright © HT Digital Streams Limit all rights reserved. Ankush Bajaj 6 min Read 06 Jun 2025, 06:00 AMT Ankush Bajaj recommends three shares for June 6. Summary market expert Ankush Bajaj recommends these three shares to buy today. On Thursday, June 5, the Indian stock market opened with a slight stir and traded sideways for most of the session. The Nifty 50 struggled to cross the 24,500 point, which acted as a strong intraday resistance. Despite multiple efforts, the market did not have momentum and remained throughout the day throughout the series. However, choose buying in key supplies has helped indices in the green. The Nifty 50 finishes 1330.70 points higher, with 0.53 %, to close at24,750.90. The BSE Sensex also added 443.79 points or 0.55%and ended at81,442,04. Bank Nifty fared better if he scored 84.00 points or 0.15%, and settled at 55,760.85. Top 3 shares to buy today are recommended by Ankush Bajaj Buy: Glenmark Pharmaceuticals Ltd (Current Price: £ 1,584,80) Why Glenmark is recommended: The stock recently gave a triangle outline on the daily chart, which indicates a bullish continuing pattern. The RSI trades above 70 and shows strong momentum and buys power. This exposition indicates possible continuation to higher targets, with the final target seen at £ 1,690. Important Statistics Resistance Level: £ 1,660-1,690 (short-term target series) Support Level: £ 1,528 (Pattern-validity level) Pattern: Triangle break on the daily chart RSI: Trading above 70 on the daily chart, which is a strong momentum in the continued move pattern. The current price action near £ 1,584,80, supported by strong RSI and Triangle Breakout, indicates that the share can test the £ 1,660-1,690 zone in the upcoming sessions if it sustains above the outbreak level. Risk factors: A distribution below £ 1.528 can invalidate the bullish setup and attract profit discussion. Any sharp correction in the broader market or pharmaceutical sector can affect the expected move. Buy at: £ 1,584,80 Target price: £ 1,660-1,690 in 4-5 days Stop loss: £ 1.528 Buy: NBCC (India) Ltd (Current Price: £ 127.05) Why NBCC is recommended: The share recently showed a strong price and is above the moving average of the momentum. On the maps, NBCC forms a bullish continuation pattern with increasing volume support. If the share maintains above the breakaway zone, it is well positioned to move to higher levels. Key metric resistance level: £ 136-138 (short-term target series) Support Level: £ 121.50 (Pattern-validity) Pattern: Bullish continuation of the continuation with an outbreak confirmation RSI: Trading with a positive prejudice, which indicates strength in the continued upward technical analysis: volume is supported. The price action near £ 127.05, combined with a bullish momentum and a favorable technical structure, indicates that the stock can test the £ 136-138 zone in the short term if it sustains above current levels. Risk factors: A distribution below £ 121.50 can invalidate the bullish setup and lead to short -term profit discussion. Broader market weakness can also affect the expected move. Buy at: £ 127.05 Target Price: £ 136-138 In 4-5 Days Stop Loss: £ 121.50 Buy: SBI cards and Payment Services Ltd. (Current Price: £ 944,35) Why SBI cards are recommended: On the daily map, the share formed a strong upward move. The RSI is currently at 63, which reflects the bullish momentum and represents a further power in price action. This setup indicates a possible movement to higher targets in the short term. Important Statistics Resistance Level: £ 1,030-1,045 (Short-Term Target Series) Support Level: £ 902 (Pattern Valatial Level) Pattern: Bullish Pennant Breakout on the daily map RSI: On the daily chart, which has a rising momentum technical analysis: SBI cards are confirmed and confirm a positive structure. The current price near £ 944.35, supported by the strengthening of RSI and the confirmation of the outbreak, indicates that the stock could move to the £ 1,030-1,045 if it is above the outbreak level. Risk factors: A distribution below £ 902 can invalidate the bullish setup and lead to profit discussion. Any sector -specific weakness or broader market correction can also affect the expected move. Buy at: £ 944.35 Target price: £ 1,030-1,045 in 4-5 days Stop loss: £ 902 Marketrap-5 June 2025 (Thursday) Under sectors, Realty was the top performer, rising 1.75%, reflecting the buying interest in energy names. The pharmaceutical index has now followed 1.28%, while the healthcare index rose 1.07%. To the disadvantage was the PSU banking sector and the car the only important laggard that fell 0.58% and 0.11%. On the equity-specific front, Eternal Ltd ltders led the Gainers with a rise of A4.43%, followed by Dr Reddy’s Laboratories Ltd, which rose 3.09%, and Trent Ltd, to 3.02%. Meanwhile, Indusind Bank Ltd Fell1.37%, Tata Consumer Ltd Lost1.11%lost, and Axis Bank Ltd has dropped 1.02%, making them the best losers of the session. Nifty Technical Analysis – Partsig and hourly the Nifty ended the session on a fixed note, with 24,750.90 with a profit of 130.70 points or 0.53%. The index registered an intraday high of 24,899.85 and a low of 24,613.10, reflecting a strong recovery of lower levels. Despite this upward step, Nifty remains within his broader consolidation area from 24,500 to 25,100 for the 13th consecutive session. However, today’s price action was encouraging, as the index managed to close near the highlight of the day, and also above the most important moving averages in the short term, indicating a possible push to the upper boundary of the series. Look at the complete Tradingview) on the technical front, Nifty has now closed exactly on the 20-day moving average, placed on 24,750, which indicates a neutral to generous positive setup. It also trades well above the 40-day exponential moving average, which stands at 24.345, which strengthens the medium-term bullish undertone. On the hourly chart, the index closed above the 20-hour moving average at 24,646 and the 40-hour exponential movement average at 24,699.40, indicating the strengthening of the short-term momentum. The getaway above the falling wedge pattern on the hourly map further supports the potential for an upward continuation with a projected target near 25,200. Look at Full Image (Tradingview) Momentum indicators reflect a similar tone. The hourly RSI is at 56, with a healthy force, while the hourly MACD is in a positive area, indicating a short -term bullish momentum. On the daily chart, the RSI stands at 55, and although the MACD stays slightly on the short side, it starts to flatten – a sign of diminishing momentum. If Nifty maintains more than 24,750 in the next session, it is probably further to stay 24,900 and 25,000. From a derivative perspective, the monthly options data indicates the maximum open interest at the 25,000 strike and a maximum open interest at the 24,500 strike, which defines the broad dilapidated range. The Put-Call ratio remains low, which cautiously indicates optimism. However, today’s actions relaxed in call positions and fresh additions in wells, especially on the 24,600-24,700 strikes, which point to the writing of defense. This behavior supports the idea that the market participants are positioning for a possible expiry to the higher end of the series. The volatility further cooled, with India VIX falling 4.21% to close at 15.08. This decrease in implicit volatility suggests that traders expect a more stable expiry and reduce the likelihood of a sharp directional surprise unless caused by external events. Finally, Nifty remains between 24,500 and 25,100, but shows signs of strength with a closure at the 20-DMA and above the most important hourly averages. Immediate resistance is seen at 24,900–25,000, and an exposition of more than 25,100 can cause a move to 25,200-25.300. The disadvantage remains strongly supported by 24,600–24,500. Until a decisive move occurs, strategies with a series such as short stripes or strangulations around the 24,700–24.900 band can continue to perform, with a narrow risk management. Intraday moves beyond 24,900 or under 24,500 must be watched for the institutions for directional decline. 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 #stock Market #Investment Tips #NBCC #Nifty Read Next Story