Top stocks to buy at the moment: Stock recommendations for May 29, 2025

Top stocks to buy at the moment (AI picture)

Top inventory market recommendations: According to Aakash Ok Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the highest buy calls for at the moment. Here’s his view on Nifty, Bank Nifty and the highest inventory picks for May 29, 2025:Index View: NiftyFor the previous 9 buying and selling days, Nifty has been static inside a 2% band, nonetheless the highs of 25000 has been consistently offering provide non index longs. Unless a closing above 25050 just isn’t confirmed, the draw back swing in the direction of 24300 / 24100 stays open on the index. Nifty has had a virtually 15% run up previously 6 weeks with no 2% correction. With the value motion seen from the beginning of this week, it’s truthful for the index to retest 200 DMA assist on draw back which at the moment reads beneath 24100.Bank NiftyBank Nifty has damaged from its 6 week rising trendline in final week’s buying and selling. This places the index again on observe to retest its polarity assist of its unique 5 12 months rising trendline. Targets for this breakdown trace for a 1200-1500 level breakdown from CMP. Negation for this down transfer is seen solely when the index closes above 55600.CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777After a bullish head and shoulder breakout on day by day and weekly charts earlier this month, costs are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a spread is a typical value behaviour on this inventory traditionally noticed earlier than one other spherical of up transfer. A observe up transfer of 7-9% is probably going to be unfolded publish this month-to-month spinoff expiry.LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525After buying and selling at a 3 12 months low in April, LTIMindtree has been rising inside a channel and has gained 25% since its April lows. A typical greater excessive – greater low formation underlines the bullish arrange and inflows on the counter. The inventory has extensively outperformed its benchmark NIFTYIT index on a YTD foundation which is down over 13% whereas LTIM is down 8% in the identical interval of 2025. A transfer in the direction of greater vary of the bullish channel is probably going to unfold for goal of 5525.ZYDUSLIFE (BUY):LCP: 925.60Stop Loss: 888Target: 980Zydus Lifesciences inventory has closed at a 2 month excessive, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated greater lows have been seen from the beginning of this month on day by day charts, this 2 excessive word closing on charts is probably going to enable additional thrust on the inventory for a resistance meet at its 200 DMA close to 980 odd.Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t replicate the views of The Times of India. Always seek the advice of with a certified funding advisor or monetary planner earlier than making any funding choices.