Three oil and gas supplies to buy with a risk reward recommended by Ankush Bajaj

Copyright © HT Digital Streams Limit all rights reserved. Markets Ankush Bajaj 6 min Read 09 Apr 2025, 05:30 Hours IT Best Stocks To Buy Today: Ankush Bajaj recommends three shares for April 9. Summary Best Stocks To Buy Today: Discover Ankush Bajaj’s knowledgeable shares from the oil and guest sector for April 9. After seeing one of the steepest duck gearzes since the Covid-19 outbreak on April 8, 2025, the Indian stock market on Tuesday tried to regain its foot. Three shares to buy today, as recommended by Ankush Bajaj Hindpetro (current price: £ 369) why it is recommended: The stock is ready to give a breakdown after being consolidated in a narrow range of £ 350 to £ 370. Relative strength index (RSI) on the 15-minute card is above 60, indicating a strong bullish momentum. Important Statistics: RSI: 61 (Bullish), Breakout Zone: £ 370+, Recent Series: £ 350 – £ 370 Technical Analysis: The price is tightly consolidating; A break above £ 370 can cause a quick upside down. RSI confirms power in the move. Risk factors: Oil marketing companies can be influenced by volatility in the oil, government policies and exchange rate fluctuations. Buy at: £ 369 | Target Price: £ 384-£ 388 within 1-2 weeks | Stop loss: £ 364 petronet (current price: £ 285) Why it is recommended: The stock formed a double bottom near the £ 270 level and successfully closed above the £ 282 key resistance zone, indicating bullish strength and a possible upward movement. Important Statistics: Double bottom at £ 270, exposition of over £ 282 resistance, strong closing price at £ 285 technical analysis: A classic double bottom pattern has emerged, and the recent exposition of more than £ 282 confirms a reversal of the trend. Momentum is likely to continue to higher levels. Risk factors: The gas distribution sector is sensitive to global LNG prices and regulatory policies, which can affect the margins. Buy at: £ 285 | Target Price: £ 295-£ 298 within 1-2 weeks | Stop loss: £ 278 ATGL (Adani Total Gas Ltd) (Current Price: £ 352) Why it is recommended: The stock showed a strong recovery of £ 324 levels and is now approaching a getaway zone near £ 355. On the 15-minute grave, RSI at 60, which is an indication of the building of bullish momentum. IMPORTANT STATISTICS: RSI: 60 (bullish), outbreak level: £ 355, recent layer: £ 324 Technical analysis: The price is closer to a critical outbreak. Keeping above £ 355 can lead to a sharp upward movement. Recovery of recent lows contributes to the bullish setup. Risk factors: The sector is sensitive to policy changes, input costs and global gas price fluctuations. Buy at: £ 352 – £ 355 | Target Price: £ 370-£ 375 within 1-2 weeks | Stop loss: £ 344 Nifty and Nifty Bank Analysis for April 9 The session has been opened with a much-needed lifting, providing some tranquility to crushed investors and an indication of a short-term recovery effort. The broader market spent the day filling the massive gap that was going on yesterday’s sale, while some sectors that were beaten eventually saw green. Also read: Trump Rate Time Bomb: Shield Your portfolio against the brew chaos The initial rebound was driven by short cover and selective value purchases, especially in defensive and tariff-sensitive shares. Although the market sentiment remained careful in the background of increased global trading tension, the bounce offered a breathing of the massacre. The Nifty regained the 22,300 zone intraday, while the bank Nifty showed signs of base building near the 50,000 level. Although it is too early to call it a full turnaround, today’s move indicates the market’s effort to stabilize and digest the global tariff shock. Eyes will remain on further global clues and institutional activities, as investors assess whether it is a dead-cat refusal or the beginning of the recovery. What contributed to the drama was the nice opening under the psychologist 22,000 point – a level that has not been violated since the end of 2024. However, despite the intense volatility, the index managed to recover slightly and close just above that critical level, with a dull smile of hope to traders and investors. The question now is everyone’s thoughts whether the market can sustain in the upcoming sessions above 22,000, or if this recovery will be short -lived, which paves the way for further disadvantage. Benchmark indices: Strong recovery with a positive momentum The momentum remained positive throughout the day, as investors found value at lower levels, and the global sentiment showed signs of stabilization. The BSE Sensex rose by 1,089,18 points and ended the day by 1.49% at 74,227.08. The NSE Nifty 50 also rose by 374.25 points, a strong profit of 1.69%, to establish at 22,535.85, after regaining the critical 22,000 mark early in the session. Also read: The Review Plan of Vodafone Idea adds fairness, but erode shareholder appreciates the Nifty Bank, which often acts as a clock for the market sentiment, which jumped smartly – 650.90 points or 1.31% – to close at 50,511. The index rose confidently above the 50,000 point, which brought relief to the bank and financial names and helped increase the general sentiment in Dalal Street. Sectoral trends: Broad-based rally, PSU banks and Realty lead the charge that the Indian market has imposed an impressive return today, with all major sectors in the green, reflecting renewed optimism and a strong shift in sentiment. The PSU Bank index led the rally, rose by 2.64%, as value purchases dominate and worldwide tariff fear took a rear seat. The real estate sector has now followed, rising by 2.47%, fueled by the hope of sustained demand and potential policy wind of the government. The oil and gas index climbed 2.20%, supported by steady crude prices and optimal guidance of major majors in the industry. Generally, sectors participated in the upward trend, which provides investors with relief and has embarked on a possible short -term bottom after the recent volatility. Stock -specific highlights: Market -wide green, Power Grid Bucks The trend in a refreshing setback from yesterday’s sharp sale was a broad recovery over the leading shares today. Heavy weights in the financial and defense sectors led the charge, with Jio Financial take off by 5.23% on strong buying interest. Shriram Finance and Bharat Electronics Limited also showed an impressive momentum and achieved 4.47% and 3.46%, respectively, as the improvement of global clues and the upright sentiment of the bargain. Most blue-chip counters have firmly closed in the green, indicating the confidence of investors after the recent volatility. The only outlier was Power Grid, who slid slightly into the red, weighed through sector -specific windwinds. In general, the session provided much -needed relief, with continued purchase in sectors indicating a possible stabilization in the short term. The Indian stock market prospects after the recent low of 21,754 was tested, the markets jumped back to the level of 22,535, which almost filled the gap of the recent sale. The overall trend remains clumsy, with large sectors contributing to the upside. If we are the weekly expiration today, when we look at the OI (open interest) data, we observe: • 23,000 has the maximum oi on the call side • 22,500 has the maximum oi on the well side, it indicates a bullish bias in the market, with the place at 22,653. On the daily timeframe, a bullish rsi divergence is clearly visible – while the Nifty has made a new low, the RSI forms a higher layer, indicating the potential turnaround. However, the Nifty still trades under large EMAs, which indicates that the pressure did not fade completely. Look at the full image the Nifty is still trading among the most important EMAs. Technical Indicators: Nifty on hourly map on the hourly chart, multiple resistance levels are visible on the upside at 22,793 and 22,960, while support levels lie at 22,562 and 22.075 (term levels). Also read: Here are the sectoral winners and losers of Trump’s reciprocal rates if the market slides below the 22,550–22,500 zone, we can see the renewed sales pressure. Therefore, traders are advised to keep stop loss and book gains regularly, as there are 2-3 resistance zones in the area that can limit the upside. Currently, the RSI is at 47, which indicates a neutral attitude, while a MACD -positive transition from below the zero line is a bullish potential in the short term. Look at the full image if the market slides below the 22,550–22,500 zone, we can see the sale of the sale of renewed sale. 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 Certification of Nisma does not guarantee the performance of the intermediary or ensuring 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 recommendation #stock recommendations #stock Market #Markets Premium #OL- and Gas Coin Special