Top stocks to buy today: Stock recommendations for March 20, 2025

Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, LIC Housing Finance, Bank of Baroda and UPL are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for March 20, 2025:
Index View: Nifty
The index is trying to get back its mojo with Nifty gaining close to 600 points from its opening level on Monday. The index had reclaimed its resistance of 22450 last week and has completed its initial target of 22800. NR7 formation is also seen on Nifty wherein the index is trading within a narrow range of less than 2% for 7 consecutive days. A breakout from the same has been seen on Tuesday, and is likely to allow for a 2% move higher from the breakout point of 22650 odd. Hence, to sum up the index is now aiming for a target of 23150 odd. Any dips below 22800 are likely to get bought into.
Bank Nifty
Bank Nifty has gained traction after reversing from its 9 month low which was hit last week. The index has completed its immediate target of 49,000 after it popped out from its consolidation range of the previous week. The index now hails forward to hit 49800 / 50200 as it has reclaimed an immediate resistance of 49000 and the same is now likely to act as support. Any dips near the 49000 mark can be used to add fresh longs for the mentioned target on the upside.
LIC Housing Finance - LICHSGFIN (BUY):
LCP: 549.80
Stop Loss: 531
Target: 590
After finding strong demand near the 61.8% retracement of its previous uptrend, LIC Housing Finance has broken out of a nine-month downward-sloping trendline on the daily chart. With bullish momentum building, the stock appears poised to test its prior swing high around the 600 level.
Bank of Baroda (BUY):
LCP: 213.76
Stop Loss: 206
Target: 230
BANKBARODA is at the cusp of an inverse head and shoulder breakout on the 4-hourly chart. Price is also holding its stance after breaking above the falling channel. The structure is well-set and can push prices to travel towards the aforementioned pattern's target near 235-240 levels.
UPL (BUY):
LCP: 646.30
Stop Loss: 626.50
Target: 686
UPL has retraced 38.2% of its prior rally, forming a classic flag-and-pole pattern. On the daily chart, the stock has decisively broken out of this consolidation, confirming the pattern with strong follow-through. With momentum building, further upside movement appears likely.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.