Top stocks to buy right this moment: Stock recommendations for February 21, 2025

Top stocks to buy (AI picture)

Stock market recommendations: According to Bajaj Broking Research, ONGC and Crompton Greaves Consumer Electricals are the highest inventory picks for right this moment. Here’s its view on Nifty, Bank Nifty and the highest inventory picks for February 21, 2025:
Index View: NIFTY
The Index has been consolidating with excessive volatility over the previous 4 classes, buying and selling in a broad vary of twenty-two,700-23,050, forming a base after the current sharp decline. On Thursday, the index shaped a small bull candle, highlighting stock-specific actions amid consolidation.
Looking forward, we anticipate the index to proceed constructing this base. During this part, dips towards the 22,800–22,700 vary must be thought of shopping for alternatives. A breakout above 23,050 would open the door for additional upside, probably reaching the 20-day EMA, presently round 23,250. However, volatility is predicted to stay excessive due to ongoing considerations over US tariff-related points. A breakdown beneath the 22,700-support stage may set off additional declines towards 22,500-22,400.
During the present week, the market breadth indicator reveals excessive pessimism, with the proportion of stocks above the 50 SMA and 200 SMA inside the Nifty 500 Universe coming into a bearish excessive zone with readings of 07 & 13 respectively. Historically, such readings have marked a shift in downward momentum, usually main to a sturdy backside within the weeks that observe. As a consequence, traders ought to give attention to accumulating high quality stocks on dips, supported by sturdy earnings.
Additionally, silver linings within the present corrective part embody a cooling of the US Dollar index, which is on the verge of breaking down beneath 106.5, and a possible easing of geopolitical tensions, each of which may present stability and help a pullback rally within the coming weeks.
NIFTY BANK
Over the previous month, Bank Nifty has outperformed Nifty, consolidating inside a spread. Last week, the index shaped a base across the help zone of 48,500–48,300, which aligns with the bullish hole from January 28, 2025, and the 80% retracement of the current uptrend (47,844–50,641).
We anticipate the index to proceed consolidating over the subsequent few weeks inside a broad vary of fifty,600–48,000. The final six weeks of base formation close to the decrease band of a two-year rising channel recommend the index is probably going to resolve larger. We anticipate Bank Nifty to transfer towards 51,600, the 61.8% retracement of the earlier decline (53,888–47,844), with 48,000 offering rapid help. Volatility stays elevated due to ongoing US tariff-related considerations.
Stock Recommendations:
ONGC
Buy within the vary of Rs 237-242

The inventory is witnessing shopping for demand after forming base on the key help space of 225-235 thus gives contemporary entry alternative with a positive risk-reward arrange. The key help of 225-235 is the confluence of the 100 weeks EMA and the earlier a number of lows of CY24.
Among the oscillators, the every day RSI has lately generated a buy sign thus validates constructive bias. We anticipate the inventory to head larger in direction of 473 within the coming weeks being 61.8% retracement of earlier main decline (526-410).
Crompton Greaves Consumer Electricals
Buy within the vary of Rs 330-337

The inventory after current sharp decline is witnessing shopping for demand from the help space of 320-330 being the confluence of earlier breakout space of May 2024 and falling trendline help becoming a member of lows of August & November 2024.
The inventory on Thursday session has generated a breakout above final three classes vary signaling resumption of up transfer. We anticipate the inventory to head larger in direction of 365 ranges within the coming weeks being the confluence of earlier swing excessive and 50 days EMA.
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 professional funding advisor or monetary planner earlier than making any funding selections.