
Best stock recommendations for 1 April by MarketSmith India
Subscribe to enjoy similar stories. Indian stock market: The benchmark Nifty 50 index faced resistance at its 50-week moving average (WMA) and turned volatile on 25 March, but ended the week with a 0.72% gain. The price action formed a ‘Doji’ candle with a long upper wick on the weekly chart, signalling indecision at higher levels.
On the monthly chart, the index posted a strong 6.20% gain in March, forming a bullish candle after five months of correction. It has also advanced about 5.30% in FY 25 so far. 1.
Aster DM Healthcare: Current market price: ₹ 483.50 | Buy range: ₹ 470–487 | Profit goal: ₹ 560 | Stop loss: ₹448 | Timeframe: 2–3 months Read this | As the weight of promoter pledge lifts, Aster DM is free to grow again 2. Fortis Healthcare Ltd: Current market price: ₹ 698.35 | Buy range: ₹678–702 | Profit goal: ₹845 | Stop loss: ₹ 625 | Timeframe: 2–3 months India’s benchmark index, Nifty 50, opened flat and remained in negative territory for most of the session, closing 0.31% lower on Friday, 28 March, and forming a bearish candle on the daily chart. Except for FMCG (+0.59%), all sectoral indices ended in the red, with IT (-1.76%), Auto (-1.03%), Metal (-0.73%), and Pharma (-0.65%) leading the declines.
Market sentiment was weighed down by year-end closing pressures, the looming US tariff deadline, and the upcoming RBI policy announcement. The advance-decline ratio stood at 1:2, favoring decliners. Read this | Chasing Nifty newbies like Zomato and Jio for quick gains? A risky bet indeed Technically, Nifty 50 is facing resistance at its 50-WMA, while support is placed near the 200-EMA.
Read on livemint.com