Inventory market at this time: For the week ending 8 August 2025, the benchmark Nifty-50 index ended virtually 1% decrease week on week, at 24,363.30, amid Trump tariff uncertainties. The Financial institution Nifty at 55,004.90 misplaced greater than a p.c. Whereas Pharm, Healthcare, and Realty have been different key losers, Metals and Autos managed to outperform. The broader indices additionally ended greater than a p.c decrease.
Commerce Setup for Monday
The zone of 24200-24150 will act as vital help, and if the index slips beneath the 24150 degree, then it’s prone to lengthen its southward journey as much as the 23750 degree. On the upside, 24570-24600 will act as a vital hurdle for the index, as per Sudeep Shah Vice-President & Head of Technical and Derivatives Analysis, SBI Securities.
The zone of 54950–54850 might be a crucial help space. A sustained transfer beneath 54850 may intensify the downtrend, as per Shah.
World markets at this time and Q1 Outcomes
Within the coming week, consideration will flip to home CPI and WPI inflation knowledge. Developments in US–India commerce relations will even stay in focus amid ongoing discussions over a commerce settlement, as per Ajit Mishra, SVP, Analysis, Religare Broking Ltd.
The earnings season is nearing its finish, with key outcomes due from Ashok Leyland, ONGC, IOC, Hindalco Industries, BPCL, and others, which may drive stock-specific motion.
Shares to purchase at this time
Concerning shares to purchase at this time, market consultants—Sumeet Bagadia, Govt Director at Alternative Broking; Ganesh Dongre, Senior Supervisor of Technical Analysis at Anand Rathi; and Shiju Koothupalakkal, Senior Supervisor of Technical Analysis at Prabhudas Lilladher—really helpful these eight intraday shares for at this time: Hindustan Petroleum Company Ltd., Pidilite Industries Ltd., Grasim Industries Ltd., BSE Ltd., Biocon, Life Insurance coverage Company of India, Hindustan Development Firm Ltd., and Gujarat Fuel Ltd.
Sumeet Bagadia’s inventory picks
- Hindustan Petroleum Company Ltd.-Bagadia recommends shopping for HINDPETRO at round ₹409.5, maintaining Stoploss at ₹395 for a goal value of ₹440
HINDPETRO is buying and selling at ₹409.5; the inventory is presently displaying a weak to sideways development on the day by day chart. After peaking in July, the inventory has fashioned a sequence of decrease highs and decrease lows, indicating a short-term downtrend. The latest candles present some shopping for stress with a noticeable bounce off the 100-day EMA, accompanied by elevated quantity, which means that consumers try a reversal from help ranges.
2. Pidilite Industries Ltd– Bagadia recommends shopping for PIDILITIND at ₹3081.30. Maintain the cease loss at ₹2973 and the goal value at ₹3300.
PIDILITIND is buying and selling at 3081.3; the inventory is presently displaying a short-term uptrend, evident from its latest sturdy rally off the early August lows. The worth construction is forming a sequence of upper lows and better highs in latest classes. The rise comes with sizeable bullish candles and elevated volumes, indicating notable shopping for stress. Whereas this rally seems like a V-shaped restoration or swing reversal sample somewhat than a basic breakout or channel, the inventory has swiftly bounced again after a earlier correction.
Ganesh Dongre’s shares to purchase at this time
3. Grasim Industries Ltd—Dongre recommends shopping for GRASIM @ 2690 SL 2640 TGT 2800
Within the latest short-term development evaluation of the inventory, a notable bullish reversal sample has emerged. This technical sample suggests the potential for a brief retracement within the inventory’s value, doubtlessly reaching round Rs. 2800. At current, the inventory is sustaining a vital help degree at Rs.2640. Given the present market value of Rs. 2690, a shopping for alternative is rising. This means that buyers may contemplate buying the inventory at its present value, anticipating an increase in direction of the recognized goal of Rs. 2800.
4. BSE Ltd.—Dongre recommends shopping for BSE at round ₹2390, maintaining cease loss at ₹2340 for a goal value of ₹2600.
We’ve seen main help on this inventory round Rs.2340. So, on the present juncture, the inventory has once more seen a reversal value motion formation on the Rs. 2390 value degree, which can proceed its rally until its subsequent resistance degree of Rs. 2600, so merchants should buy and maintain this inventory with a cease lack of Rs. 2340 for the goal value of Rs. 2600 within the upcoming weeks.
5. Biocon Ltd—Dongre recommends shopping for BIOCON at ₹341, maintaining the cease loss at round ₹325 for a goal value of ₹365
Within the latest short-term development evaluation of the inventory, a notable bullish reversal sample has emerged. This technical sample means that there may very well be a brief retracement within the inventory’s value, probably to round Rs. 365. Presently, the inventory is holding a vital help degree at Rs.325.
Given this state of affairs, there’s potential for the inventory to rebound in direction of the Rs.365 degree within the close to future. Merchants are suggested to contemplate taking an extended place, with a strategic cease loss set at Rs.325 to handle threat successfully. The goal value for this commerce is Rs.365, reflecting the anticipated upward motion based mostly on the recognized technical
Shiju Koothupalakkal intraday shares for at this time
6. Life Insurance coverage Company of India-Koothupalakkal recommends shopping for LIC OF INDIA at round ₹912.95 for a goal of ₹954. maintaining Cease loss at ₹892
The inventory, after witnessing a brief interval of consolidation, has indicated an honest spurt shifting previous the vital 50EMA on the 908 degree to enhance the bias, and we will anticipate an extra rise within the coming classes. The RSI has corrected nicely, and presently hovering close to the oversold zone has indicated a development reversal to sign a purchase with a lot upside potential seen. With the chart technically wanting good, we advise shopping for the inventory.
7. Hindustan Development Firm Ltd (HCC)—Koothupalakkal recommends shopping for HCC at round ₹27.28 for a goal of ₹31, maintaining Cease loss: ₹26
The inventory has witnessed a major erosion from the ₹37.20 zone to slip drastically and is presently taking help close to the 24.50 zone, which has indicated a robust pullback with bias enhancing, and we will anticipate additional upward motion within the coming classes. The RSI has corrected nicely, attaining the extremely oversold zone, and has signaled a purchase with a optimistic development reversal having a lot upside potential seen. With the chart technically wanting good, we advise shopping for the inventory.
8. Gujarat Fuel Ltd-Koothupalakkal recommends shopping for GUJ GAS at round ₹430 for a goal of ₹455, maintaining the cease loss ₹420
The inventory, after correcting considerably, has flattened out with a pullback and enchancment within the bias seen, and we will anticipate an extra rise within the coming classes. The RSI has proven restoration from the oversold zone to sign a purchase, and with a lot upside potential seen, it may possibly keep on with the optimistic transfer additional forward. With the chart technically wanting good, we advise shopping for the inventory.
Disclaimer: The views and proposals above are these of particular person analysts or brokerage firms, not Mint. We advise buyers to examine with licensed consultants earlier than making any funding selections.
