Stocks to buy: Ankush Bajaj recommends three stocks for today—26 December

livemint.com:

Subscribe to enjoy similar stories. Nifty and Bank Nifty on 24 December: The Indian stock market was almost flat on Tuesday, 24 December, with both major indices closing marginally in the red. The Nifty 50 closed 25 points or 0.11% lower at 23,727.65, while the Bank Nifty fell 0.14%, dragged down by the IT and metal sectors.

Trading volumes were low, possibly due to the New Year holiday week, during which many foreign companies are on vacation. After a selloff in various sectors such as auto, there was some buying on Tuesday, and the auto index closed at 22685.55, up 127.80 points. The IT sector underperformed due to weak earnings guidance, while the auto sector gained on optimism about improving sales and festive demand.

Also read | IRCTC stock: Why a monopoly business cannot be a ‘Buy’ at any price The top losers on the Nifty were Powergrid (-1.65%),JSWSteel (-1.62%), SBI Life (-1.30%), Titan (-1.28%), and SBIN (-1.11%). The top gainers were TataMotors (+1.92%), Adanient (1.43%), and BPCL (1%). TheNifty closed above 23,500 and took support from the200-DMA at 23,727.65.

With the monthly expiry nearing, options data showed strong support at 23,500 (maximum OI at 23,500 PE) and resistance at 24,000 (maximum OI at 24,000 CE), indicating a likely range-bound session. TRIVENI: Buy at ₹494; target ₹550-575; stop loss ₹445 Triveni is supported by strong demand in the sugar sector, driven by ethanol blending policies. The stock has found strong support at ₹460 and is currently one of the strongest contenders in the sugar sector.