Outlook of Nifty & Stock Picks for Financial Express: March, 25 2026

Technical Observation: NIFTY

Nifty witnessed sharp upmove for the second consecutive sessions on Wednesday and closed the day higher by 394 points. After opening with an upside gap, the market moved up sharply in the early-mid part of the session. It was not able to surpass the hurdle of 23400 levels in the mid-to- later part of the session and finally closed near the highs.

A long bull candle was formed on the daily chart with minor upper shadow. Technically, the market action of the last two sessions indicates a formation of crucial bottom reversal around 22500 levels (23rd March). Presently, Nifty is encountering previous opening down gap resistance of 19th March around 23400-23600 levels.

The underlying trend of the market continues to be positive. Further sustainable upside from here could pull Nifty towards the next upside of 23850 levels in the near term. Any consolidation/dip from here could find support around 23000 levels.

Buy WSTCSTPAPR @ 442, Stoploss 422, Target 478. Timeframe 2-3 Weeks.

• The stock price has witnessed a sharp upmove in the last couple of weeks.
• We observe a formation of crucial bottom reversal pattern at Rs 375 on 9th March.
• The stock price is in an attempt of moving above the hurdle of 200day EMA at Rs 447.
• Volume has started to expand during upside breakout in the stock price and daily 14 period RSI shows positive indication

Buy PRAJIND @ 325, Stoploss 310, Target 350. Timeframe 2-3 Weeks.

• The stock price has been in a larger consolidation phase over the last one month.
• Currently, the stock price has started to break above the consolidation movement/triangle pattern at Rs 325-327 levels.
• We observe a formation of larger degree higher bottom formation recently at Rs 292 levels.
• Volume and RSI patterns are indicating positive bias for the stock price ahead.