Top stocks to buy right this moment: Stock recommendations for February 28, 2025

Top stocks to buy (AI picture)

Stock market recommendations: According to Bajaj Broking Research, SRF and Voltas are the highest inventory picks for right this moment. Here’s its view on Nifty, Bank Nifty and the highest inventory picks for February 28, 2025:
Index View: Nifty
The index declined on Thursday as promoting stress accelerated put up breakdown under the January low (22,786) and prolonged decline in the direction of the important thing help space of twenty-two,500-22,400.
Nifty is presently positioned at an excessive oversold territory with weekly RSI and weekly stochastic close to historic lows of the final 4 years after latest sharp decline. Hence, we count on Nifty to consolidate within the vary of twenty-two,400-23,000 within the coming classes.
Meanwhile, to pause the continued corrective section, the index wants to begin forming larger highs and better lows within the weekly chart on a sustained foundation. Further, for a significant pullback to materialize index want to decisively shut above the 23000 mark.
Volatility to stay at an elevated stage due to issues surrounding US tariff-related developments. In case of a breakdown and a panic unload under 22,400 ranges can lead to extension of the decline in the direction of 22,200-22,000 ranges within the coming weeks.
Despite the continued corrective section and widespread pessimism out there, a number of components help a pause within the present decline and a doable pullback within the coming weeks, particulars listed under:
Breadth Indicator: The market breadth has reached excessive bearish ranges, with solely 11% of stocks within the Nifty 500 above their 50-day SMA and 14% above the 200-day SMA. Historically, such ranges have typically marked the start of sturdy market bottoms within the weeks that comply with.
US Dollar Index: The US Dollar Index has remained under 107 for two consecutive weeks, and additional weak spot would help rising markets. While Brent Crude: The sustained value under $74 is optimistic for India’s financial outlook.
Geopolitical Stability: Reduction in geopolitical tensions would additional stabilize fairness markets, providing help for a restoration within the close to future.
NIFTY BANK
Bank Nifty has comparatively outperformed the Nifty within the latest weeks and has been consolidating within the final 7 weeks within the broad vary of 47,800-50,500. We count on the index to lengthen the consolidation within the coming weeks. Only a breakout or breakdown in any path will sign the subsequent directional transfer within the index.
The final seven 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 maintain above the help space of 48,000-47800 transfer towards the higher band of the consolidation vary positioned round 50,500 within the coming weeks.
Stock Recommendations:
SRF
Buy within the vary of Rs 2800-2860

The inventory has not too long ago generated a breakout above the final 3-year broader vary of 2700-2100 and is seen consolidating above the identical. The inventory has witnessed a shopping for demand within the final 1 week after testing the key breakout space thus gives recent entry alternative.
The each day 14 intervals RSI has generated a buy sign thus helps the optimistic bias within the inventory. We count on the inventory to head larger in the direction of 3090 ranges within the coming month being the 138.2% exterior retracement of the latest breather (2983-2707)
Voltas
Buy within the vary of Rs 1290-1315

The inventory after the sharp decline is witnessing shopping for demand from the help space of 1160-1220 being the confluence of earlier breakout space of April 2024 and 61.8% retracement of the earlier rally (745-1944).
The inventory has not too long ago generated a breakout above a falling trendline becoming a member of highs of January and February 2025 thus gives recent entry alternative. We count on the inventory to head in the direction of 1440 ranges being the excessive of February 2025 and 38.2% retracement of your complete decline (1944-1135).
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t mirror 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.