Nifty closed at 24,865 on March 2 after US-Iran war-led volatility, with 25,000 acting as immediate resistance for March 4 trade.
Bank Nifty must hold above 59,250, while a breakout above 60,000 could trigger short covering momentum.
BEL, Tube Investments, MCX, and Bharti Airtel are top expert picks based on strong technical setups.
Stock market today, on March 3, is closed on account of Holi, a festival of colours. Both Bombay Stock Exchange and the National Stock Exchange have suspended trading for the festival. However, the Multi-Commodity Exchange will reopen in the evening from 5 pm to 11 pm. Trading will resume in stock market on Wednesday, March 4, after a volatile start to the week.
Indian stock market saw heavy selling on March 2 as investors grappled with the US-Iran war. Nifty 50 fell 1.24% to close at 24,865, while Sensex dropped 1.29% to 80,238. Broader indices such as Nifty Midcap 100 and Nifty Smallcap 100 also lost over 1.5%. Global weakness, rising oil prices, and fear of a wider Middle East war weighed on sentiment. With markets set to reopen tomorrow, here are some expert-recommended stock picks and predictions based on Mint reports.
Here are some important Indian stock market predictions for tomorrow.
Nifty opened on March 2 with a sharp gap down of nearly 520 points due to war fears. After early volatility, the index slipped toward the 24,600 zone but later recovered over 300 points in the final hour. It closed near 24,900, which shows buyers are active at lower levels.
Chandan Taparia, Head of Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services, said, “It formed a bullish candle on the daily frame but has started to form lower highs- lower lows from the last three sessions. Now till it holds below 25000 zones, weakness could be seen towards 24600 and then 24400 zones, while hurdles have shifted lower to 25100 and then 25250 zones.”
Option data suggests a broader trading band between 24,400 and 25,400. Immediate resistance stands near 25,000-25,100, while support is around 24,600 for March 4. The Indian stock market may attempt a relief bounce tomorrow if global cues stay stable. However, failure to go over the 25,000 level could invite fresh selling pressure.
Bank Nifty also saw sharp swings on March 2. The index opened over 1,200 points lower but recovered toward 60,100 in early trade. It later slipped to 59,350 before closing with a negative bias.
Taparia noted, “It formed a bullish candle on the daily scale with a long upper shadow as buying interest is visible at lower zones, but multiple hurdles are intact at the higher levels. Now till it holds below 60000 zones, some weakness could be seen towards 59250 then 59000 levels, while on the upside, a hurdle is seen at 60250 then 60500 zones.”
For tomorrow, 60,000 is the key level to watch. A move above this mark could trigger short covering. On the other hand, a fall below 59,250 may open the door to further downside.
Top Stocks to Buy Now: March 4 Picks
Chandan Taparia has recommended three stocks for tomorrow. These include Tube Investments of India, MCX, and Bharat Electronics.
Tube Investments of India has shown a breakout from a rounding bottom pattern and closed above its 200 DEMA. The MACD line has turned positive, which signals fresh strength. The target stands at Rs. 2,837 with a stop loss at Rs. 2,750.
MCX is in an overall uptrend and respects its 50 DEMA support zone. The ADX line shows strength in trend direction. The target stands at Rs. 2,501 with a stop loss at Rs. 2,350.
Bharat Electronics, or Bharat Electronics Limited, closed near Rs. 454 after a 2% gain despite weak markets. The stock has retested its breakout level and formed a strong bullish candle. The target stands at Rs. 454 with a stop loss at Rs. 440.
Another stock in focus is Bharti Airtel. Sumeet Bagadia has named it his Holi Pick 2026. He said, “Bharti Airtel is exhibiting early signs of a potential reversal, reflecting improving buying interest and a gradual shift in sentiment. The stock has consistently found support near 1850, a level that has been respected multiple times in the past.”
He added, “The RSI is hovering near the 30 mark and is showing signs of a bullish divergence, suggesting the stock is in the oversold territory from where buying interest typically emerges.” The stock traded near Rs. 1,873 on March 2 and was 14% below its 52-week high. The targets stand at Rs. 2,070 and Rs. 2,165, while Rs. 1,740 acts as key support.
Brokerages like Jefferies and Macquarie are positive on BEL. The stock received an ‘Outperform’ rating from Macquarie with a target price of Rs. 530. Jefferies recommended a ‘Buy’ rating with 24-25% upside. Both brokerages cited the company’s strong order book, the India-France defence collaboration, and the record interim dividend of Rs. 1.95 per share. Strong quarterly numbers also support the long-term story. At the same time, other top defence stocks like HAL, BDL and Paras Defence remain in focus.
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Indian stock market predictions for tomorrow point toward cautious trade with a slight positive bias if global markets are calm. Key resistance for Nifty is near 25,000, while support is at 24,600. Traders should watch oil prices and global headlines closely. Select stocks with strong technical setups may outperform even if the broader market stays volatile.
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1. Which is the best defence stock to buy now in India?
Bharat Electronics (BEL) is one of the top defence stocks in focus right now. The stock recently gained around 2% even when markets were weak. Brokerages remain positive due to its strong order book, record interim dividend of Rs. 1.95 per share, and India’s growing defence exports. Analysts see potential upside, supported by solid quarterly performance and long-term government defence spending.
2. What are the top stock picks for March 2026?
According to market experts, Tube Investments of India, MCX, and BEL are among the top short-term picks for early March 2026. Tube Investments has broken out of a rounding-bottom pattern. MCX continues to trade in a strong uptrend. Bharti Airtel is also attracting interest as it shows early signs of reversal from oversold levels.
3. Why is the stock market closed today?
The Indian stock market is closed on March 3 due to the Holi festival. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have suspended equity trading for the day. However, the Multi-Commodity Exchange (MCX) will reopen in the evening session from 5 pm to 11 pm. Regular equity trading will resume on March 4.
4. What is the future outlook for Nifty?
The Nifty 50 closed at 24,865 on Monday, March 2, after heavy global selling pressure. The 25,000 level is now the biggest resistance. If global markets remain stable, Nifty may attempt a bounce toward 25,100–25,250. But failure to cross 25,000 could invite fresh selling. Support remains near 24,600.
5. Is Bharti Airtel a good stock to buy now?
Bharti Airtel is showing signs of a possible technical reversal. The stock has repeatedly taken support near Rs. 1,850. Its RSI indicator is near oversold territory, which often attracts buying interest. Analysts see upside targets near Rs. 2,070 and Rs. 2,165 if momentum improves. However, Rs. 1,740 remains an important support level to watch.