High shares to purchase as we speak: Inventory suggestions for February 21, 2025

Inventory market suggestions: In line with Bajaj Broking Analysis, ONGC and Crompton Greaves Client Electricals are the highest inventory picks for as we speak. Right here’s its view on Nifty, Financial institution Nifty and the highest inventory picks for February 21, 2025:
Index View: NIFTY
The Index has been consolidating with excessive volatility over the previous 4 classes, buying and selling in a broad vary of twenty-two,700-23,050, forming a base after the latest sharp decline. On Thursday, the index fashioned a small bull candle, highlighting stock-specific actions amid consolidation.
Wanting forward, we anticipate the index to proceed constructing this base. Throughout this section, dips towards the 22,800–22,700 vary needs to be thought-about shopping for alternatives. A breakout above 23,050 would open the door for additional upside, doubtlessly reaching the 20-day EMA, at present round 23,250. Nonetheless, volatility is anticipated to stay excessive resulting from ongoing issues over US tariff-related points. A breakdown beneath the 22,700-support stage may set off additional declines towards 22,500-22,400.
Through the present week, the market breadth indicator exhibits excessive pessimism, with the proportion of shares above the 50 SMA and 200 SMA inside the Nifty 500 Universe getting into a bearish excessive zone with readings of 07 & 13 respectively. Traditionally, such readings have marked a shift in downward momentum, usually resulting in a sturdy backside within the weeks that observe. In consequence, buyers ought to give attention to accumulating high quality shares on dips, supported by sturdy earnings.
Moreover, silver linings within the present corrective section embrace a cooling of the US Greenback index, which is on the verge of breaking down beneath 106.5, and a possible easing of geopolitical tensions, each of which may present stability and help a pullback rally within the coming weeks.
NIFTY BANK
Over the previous month, Financial institution Nifty has outperformed Nifty, consolidating inside a spread. Final week, the index fashioned a base across the help zone of 48,500–48,300, which aligns with the bullish hole from January 28, 2025, and the 80% retracement of the latest uptrend (47,844–50,641).
We count on the index to proceed consolidating over the following few weeks inside a broad vary of fifty,600–48,000. The final six weeks of base formation close to the decrease band of a two-year rising channel recommend the index is prone to resolve greater. We anticipate Financial institution Nifty to maneuver towards 51,600, the 61.8% retracement of the earlier decline (53,888–47,844), with 48,000 offering fast help. Volatility stays elevated resulting from ongoing US tariff-related issues.
Inventory Suggestions:
ONGC
Purchase within the vary of Rs 237-242

The inventory is witnessing shopping for demand after forming base on the key help space of 225-235 thus provides contemporary entry alternative with a good risk-reward arrange. The important thing help of 225-235 is the confluence of the 100 weeks EMA and the earlier a number of lows of CY24.
Among the many oscillators, the each day RSI has just lately generated a purchase sign thus validates constructive bias. We count on the inventory to go greater in the direction of 473 within the coming weeks being 61.8% retracement of earlier main decline (526-410).
Crompton Greaves Client Electricals
Purchase within the vary of Rs 330-337

The inventory after latest sharp decline is witnessing shopping for demand from the help space of 320-330 being the confluence of earlier breakout space of Could 2024 and falling trendline help becoming a member of lows of August & November 2024.
The inventory on Thursday session has generated a breakout above final three classes vary signaling resumption of up transfer. We count on the inventory to go greater in the direction of 365 ranges within the coming weeks being the confluence of earlier swing excessive and 50 days EMA.
Disclaimer: The opinions, analyses and proposals expressed herein are these of brokerage and don’t replicate the views of The Occasions of India. All the time seek the advice of with a certified funding advisor or monetary planner earlier than making any funding selections.