Prime shares to purchase as we speak: Inventory suggestions for April 17, 2025 – IRCTC, Jubilant FoodWorks and Shree Cement

Prime inventory market suggestions: In accordance with Aakash Okay Hindocha, Deputy Vice President – WM Analysis, Nuvama Skilled Purchasers Group, IRCTC, Jubilant FoodWorks and Shree Cement are the highest purchase requires as we speak.Right here’s his view on Nifty, Financial institution Nifty and the highest inventory picks for April 17, 2025:
Index View: Nifty
Nifty has lined over 1700 factors from its opening low printed on final Monday, in a matter of 5 classes. The index is now on the verge of turning optimistic once more for the month as it’s nonetheless few factors within the purple on an MTD foundation. This double backside bounce again has been stronger than its final month’s restoration from sub 22000 ranges because the market digests a rut lower by the RBI together with easing commerce conflict tensions by US with different nations of the world.With reclamation of 22800-22900 zone on a closing foundation the index has turned again to a purchase on dip for the medium time period and is eyeing to cut back above 24000. There’s a hole between 23200 – 22900 on each day charts which can be utilized because the vary to purchase on dip for the forthcoming leg upside.
Financial institution Nifty
Financial institution Nifty has been the star outperformer on this ongoing correction whereas the index has broadly held on to its big selection from the beginning of this calendar 12 months. With tariff fears creating a robust set again on world markets, its impression on Indian indices additionally pulled main indices again to its March 2025 lows. Nonetheless, Financial institution Nifty stood out strongly, reversing after a 61.8% retracement. We had highlighted a purchase on dip stage between 49900 and 50400 for targets of 52500 on the upside.This has been full as of as we speak whereas the outperformance on Financial institution Nifty v/s Nifty appears to be like overbought within the brief time period. With the index now at 4 month excessive, a consolidation right here between 51800 – 53200 appears to be like potential with Nifty now taking cost for upside.
IRCTC (BUY):
LCP: 760.60
SL: 734
Goal: 825
IRCTC has given a breakout from a falling trendline which has been in place for the previous 10 months now. Including to this, inventory has additionally closed at a 2 month excessive on each day charts confirming the tip of this 10 month lengthy correction seen on the scrip. Although this breakout permits a primarily based formation and better targets for the medium time period on this monopoly scrip, for now we’re a fast 8-10% upside.
JUBLFOOD (BUY):
LCP: 703.05
SL: 673
Goal: 755
QSR shares had been sliding for the reason that begin of this calendar 12 months. Marking an finish to the slide, Jubilant FoodWorks has given a breakout of a 3 month lengthy correction whereas making the next backside formation all via the previous 4 weeks. A fast 6-8% upside follows via this breakout on the inventory.
SHREECEM (BUY):
LCP: 30875
SL: 30100
Goal: 33770
Shares making highs in a market crash, are typically those witnessing vital flows and lesser outflows compared to the broadly traded names. Present energy seen on Shree Cement is prone to prolong for an additional 8-10% given the market reversal being fashioned on charts. A assist seen at yesterday’s low is a perfect threat reward to be performed for the upside. Inventory is prone to breakout to new all time highs.
Disclaimer: The opinions, analyses and suggestions expressed herein are these of brokerage and don’t replicate the views of The Instances of India. At all times seek the advice of with a certified funding advisor or monetary planner earlier than making any funding selections.