Stock market recommendations : According to Bajaj Broking Research, Aurobindo Pharma , and Gokaldas Exports are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 30, 2025:
Index View: NIFTY
Benchmark indices extended consolidation for the second week in a row amid stock specific action. Nifty is seen consolidating in the range of 24,400-25,200. Despite facing multiple global macroeconomic and geopolitical headwinds — including heightened geopolitical tensions, persistent global trade tariff uncertainties, and elevated U.S. bond yields — the Indian equity market continues to exhibit a resilient upward bias. The benchmark Nifty 50 index has sustained its positive trajectory and is now placed around the 24,800 level.
From a short-term technical perspective, the market sentiment remains constructive. The index is expected to find strong demand in the support zone of 24,400–24,500. As long as this key support range is held, we anticipate the Nifty 50 to continue its bullish momentum towards the resistance at 25,200-25,300 levels in the short term.
Short-term support for Nifty is placed at 24,400–24,500 levels being confluence of 20 days EMA, previous breakout area and the last 2 weeks lows. While on the higher side 25,200-25,300 remains a key hurdle area being the previous major high and 80% retracement of the entire decline (26.277-21,744).