Expert Stock Picks for April 3, 2025: Top Buys Today
Insights from Aakash K Hindocha, Nuvama Professional Clients Group
Aakash K Hindocha, Deputy Vice President at Nuvama Professional Clients Group, shares his expert recommendations for the top stocks to buy today. Here’s his analysis of Nifty, Bank Nifty, and the best stock picks for April 3, 2025:
Nifty Outlook
Nifty has retraced 38.2% of its 1900-point rally from March lows on the Fibonacci scale. Due to tariff news, the index may retrace 50% of this move. However, the overall trend remains positive, with support at 22900 -23000 and potential levels of 24000 by the end of this month.
Bank Nifty Performance
Bank Nifty has retested its 200DMA below 51000 after reaching its initial targets at 51650. Dips between 49900 and 50400 are likely to be bought for a strong upward move towards 52500, as the index has been outperforming Nifty for the past 6 months.
Top Stock Recommendations
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CAMS (Buy)
Last Closing Price: 3756.75
Stop Loss: 3615
Target: 4150CAMS stock has rebounded over 25% from its recent March 2025 lows. The price action indicates an upside resumption, potentially leading to a bullish flag breakout formation. The stock is expected to rally by 10-12% after breaking above 3800.
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PCBL (Buy)
Last Closing Price: 435.40
Stop Loss: 405
Target: 470PCBL has shown fresh momentum with a breakout above the 430 resistance created by a downward sloping trendline. A quick 6-8% move is possible from the current setup.
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Balrampur Chini Mills (Buy)
Last Closing Price: 555.40
Stop Loss: 532
Target: 596Balrampur Chini Mills has broken out above the sloping trendline resistance, confirming a flag pattern breakout on daily charts. The consolidation above its 200 DMA indicates buyers’ presence, anticipating an up move towards 600 in the next couple of trading days.
Disclaimer: The opinions, analyses, and recommendations expressed herein are those of the brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
