Stocks to buy today: M&M, ONGC among top 7 trading ideas for May 15, 2025

The Indian market is expected to consolidate on Thursday, tracking subdued global cues.

India VIX dropped over 5% on Wednesday to close at 17.18. The Nifty50’s inability to sustain higher levels signals the presence of strong sellers at elevated zones.

“The 24,500–24,400 pocket, which also houses the short-term 10-day EMA, has now turned into a make-or-break patch. Until Nifty holds above this belt, the broader picture remains intact,” said Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities.

“However, the psychological wall at 25,000 still looms large and continues to block upside attempts,” he added. A breakout on either side of this narrow range could steer the next directional move.

“As long as Nifty floats above 24,400, the primary structure stays intact. Dips continue to attract buying interest, making them rewarding opportunities. Immediate resistance is now capped around the 24,800–25,000 corridor,” Dhameja noted.

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“A strong close above this ceiling could trigger a fresh round of short-covering, potentially driving the index toward the 25,200–25,300 zone. On the downside, a slide below 24,500 might induce mild profit-taking down to 24,370—a level likely to attract renewed buying,” he added.

Stocks to watch for short-term trading

Expert: Jaynit Vora, CMT – Research Analyst, IIFL (to ET Bureau)

Max Healthcare Institute: Buy | Target: Rs 1,228 | Stop Loss: Rs 1,142

Deepak Fertilisers: Buy | Target: Rs 1,398 | Stop Loss: Rs 1,295

Mphasis: Buy | Target: Rs 2,700 | Stop Loss: Rs 2,495

F&O Strategy

M&M (29 May Expiry): Buy | Target: Rs 3,266 | Stop Loss: Rs 2,990

Expert: Kunal Bothra – Market Expert (to ET Now)

ONGC: Buy | Target: Rs 255 | Stop Loss: Rs 240

Bharat Forge: Buy | Target: Rs 1,320 | Stop Loss: Rs 1,200

Mphasis: Buy | Target: Rs 2,650 | Stop Loss: Rs 2,500

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)

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