Nifty 50 Forecast 2025: Bulls Tipped to Dominate, 5 Stocks to Watch

23rd Dec 2024
Nifty 50 Rebound and 200-day EMA Test
The Indian stock market benchmark indices Sensex and Nifty 50 saw a sharp rebound on Monday after crashing nearly 5% last week. The Nifty 50 index tested its long-term 200-day EMA (Exponential Moving Average) for the first time since June 2024.

Bullish Outlook for Nifty 50 in 2025
Looking ahead to CY25, the brokerage firm expects the Indian stock market to maintain its upward momentum, targeting Nifty 50 at 28,700 level. However, this upward movement is anticipated to be gradual and non-linear, with healthy corrections expected along the way which will make the overall trend healthy. Key support levels are identified between 22,500 - 21,700, which the firm does not foresee being breached.

The Nifty 50 index constituents commanding 70% weightage (Total of 29 stocks) indicate positive momentum and are expected to see further upsides in CY25, thus supporting the positive view in the market. While 14 stocks with a weightage of 25% are expected to perform in line with the market. Hence, market constituents strongly support the bullish tone in the market.

Recommended Stock Picks for 2025
Bajaj Broking has recommended five stocks to buy in 2025 as their technical charts indicate an upward momentum. It expects these five stock picks to deliver up to 30% returns and suggests buying for a time horizon of 12 months.

The recommended stocks are Prestige Estates Projects, HUDCO, Laurus Labs, HSCL, and ITD Cementation India. The brokerage firm has provided specific buying ranges and target prices for each of these stocks.