Nifty expected to rise; Nykaa, Bharti Airtel recommended

The Indian stock market is expected to open higher on March 24, 2025, due to positive signals from global markets. The Nifty futures increased by 0.78%, closing at 23,382. Additionally, the India VIX, a measure of market volatility, decreased by 0.2% to 12.58. Market analysts suggest that the trading range for Nifty will be between 22,900 and 23,800, with an immediate range of 23,200 to 23,600. Chandan Taparia from Motilal Oswal Financial Services indicated that the options data shows strong support at 23,200 and 23,000 levels. The market's bullish trend is supported by a recent pattern called the Marubozu candle on the weekly chart. This suggests continued upward momentum for the index, which has formed higher highs and higher lows over the past five trading sessions. Taparia believes that Nifty needs to maintain levels above 23,200 to aim for targets of 23,500 and 23,700. Investors are given specific buying recommendations for several stocks, each with suggested target prices and stop-loss points to manage risks. Key stocks include Nykaa and Bharti Airtel, among others, with detailed price targets ranging from Rs 95 to Rs 5,000, depending on the stock.