Top shares to purchase in the present day: Stock suggestions for May 29, 2025 – OXBIG NEWS NETWORK-OxBig News Network

Top inventory market suggestions: According to Aakash Okay Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the highest purchase requires in the present day. 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, nevertheless 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 honest for the index to retest 200 DMA assist on draw back which at the moment reads under 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 each 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 worth behaviour on this inventory traditionally noticed earlier than one other spherical of up transfer. A observe up transfer of 7-9% is more likely to be unfolded publish this month-to-month by-product 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 larger excessive – larger 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 larger vary of the bullish channel is more likely 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 larger lows have been seen from the beginning of this month on each day charts, this 2 excessive notice closing on charts is more likely to enable additional thrust on the inventory for a resistance meet at its 200 DMA close to 980 odd.Disclaimer: The opinions, analyses and suggestions expressed herein are these of brokerage and don’t mirror the views of The OXBIG NEWS NETWORK. Always seek the advice of with a professional funding advisor or monetary planner earlier than making any funding choices.