MarketSmith India Picks 2 Stocks for 23 Dec; Nifty Hits 26,172
2 Stock Picks for Today: MarketSmith India Recommendations

Indian equity markets sustained their upward trajectory on Monday, setting a bullish stage for Tuesday's trading. In this optimistic climate, research platform MarketSmith India has identified two specific stocks for investors to consider on 23 December 2025.

Market Recap: A Robust Rally

The trading session on 22 December concluded with significant gains, buoyed by a recovery in the Indian rupee and supportive global signals. The benchmark indices extended their winning streak for the second consecutive day. The Sensex surged by 638 points, or 0.75%, to close at 85,567.48. Similarly, the Nifty 50 climbed 206 points, or 0.79%, settling at 26,172.40.

The rally was broad-based, with the BSE Midcap and Smallcap indices rising by 0.86% and 1.12%, respectively. This collective surge added approximately ₹4 trillion to investor wealth, pushing the total market capitalisation of BSE-listed firms to ₹475 trillion. Major contributors to the Sensex's rise included Infosys, Bharti Airtel, and ICICI Bank, while only three constituents ended the day in negative territory.

MarketSmith India's Top Stock Picks for Today

Leveraging the CAN SLIM investment methodology, MarketSmith India has released its focused recommendations for today's trading session.

1. Jain Resource Recycling Ltd

The first recommendation is Jain Resource Recycling Ltd, with a current market price around ₹420. The firm is poised to benefit from the rising demand for recycled metals like aluminium, copper, and ferrous scrap. Its strengths lie in a robust sourcing network and ongoing expansion of its processing capacities.

From a technical perspective, the stock has shown a trendline breakout. MarketSmith suggests an entry in the range of ₹415–422, with a target price of ₹490 over a two to three-month horizon. Investors are advised to place a stop loss at ₹390. Key risks to consider include high volatility in commodity prices and regulatory challenges related to environmental compliance.

2. Aditya Infotech Ltd

The second pick is Aditya Infotech Ltd, trading near ₹1,599. The company operates in the high-growth segments of digital transformation, AI-based security, surveillance, and IT infrastructure. It boasts a diverse clientele spanning government projects, enterprises, and the BFSI (Banking, Financial Services, and Insurance) sector.

This stock has also exhibited a trendline breakout pattern. The recommended buy zone is between ₹1,590 and ₹1,610. The analysis sets a target of ₹1,850 within two to three months, with a stop loss level at ₹1,496. Potential risks involve heavy reliance on the cycles of government and enterprise projects and fierce competition in the IT and surveillance space.

Technical Outlook and Market Status

The market technicals reinforce the positive sentiment. According to O'Neil's methodology, the market status is now a "Confirmed Uptrend" after the Nifty 50 decisively broke past its previous rally high. The index successfully held above the crucial 26,000 level and its 21-day moving average (21-DMA). Momentum indicators like the RSI are turning supportive, suggesting room for further upside. A decisive close above 26,300 could pave the way for a move toward 26,500–26,700.

The Bank Nifty also ended positively, gaining 234.80 points to close at 59,304.00. While its gains were more modest compared to the Nifty 50, the sector's sentiment was lifted by news of a major FDI deal. Technically, the banking index is consolidating within an intact broader uptrend, with 58,500–58,000 acting as a key support zone.

Disclaimer: The views and recommendations above are from MarketSmith India and individual analysts. They do not represent the views of Mint. Investors are strongly advised to consult with certified experts before making any investment decisions.