Best Shares to Buy For 4 March 2026: Check Now

As the Indian equity markets gear up for the final week of March, all eyes are on Dalal Street this Monday, 4 March 2026. After a period of heightened volatility sparked by geopolitical concerns and shifts in global tech spending, the benchmark indices—Nifty 50 and Sensex—enter the session with a cautious but stable bias.

While the previous week saw the Nifty 50 settle at 25,571 (up 0.40%), the underlying trend suggests a “tug-of-war” between aggressive foreign institutional investor (FII) selling and robust domestic institutional investor (DII) support. Today’s session is particularly crucial as it precedes the monthly derivatives expiry, typically a period of sharp intraday swings.

I. Market Roadmap: Key Technical Levels for Nifty & Bank Nifty

Technical analysts suggest that the broader structural integrity of the market remains constructive as long as key moving averages are defended.

Nifty 50: The 25,900 Hurdle

The Nifty 50 is currently trading above its 200-day Exponential Moving Average (EMA), a sign of long-term bullishness. However, short-term momentum is flagging.

• Immediate Support: 25,400 – 25,350. A decisive break below this could drag the index toward the 25,100 zone.
• Resistance Zone: 25,850 – 25,900. Reclaiming the 25,900 mark is essential for a rally toward the psychological 26,000 – 26,100 levels.
• Outlook: Sideways to Cautious. The RSI (Relative Strength Index) is hovering near 45, suggesting a lack of aggressive buying at current levels.

Bank Nifty: Outperforming the Peers

The banking index has been the “star performer” of March, closing near record highs last week.

• Support: 60,650 – 60,500. This zone coincides with the 20-day EMA and remains a strong demand area.
• Resistance: 61,700 – 62,000. A sustained move above 61,700 could trigger a massive short-covering rally.
• Outlook: Bullish on Dips. Analysts recommend staying aligned with PSU banks and large private lenders like ICICI Bank.

II. Top Stock Picks for 4 March 2026

Based on technical breakouts and fundamental triggers, experts from leading brokerages like Motilal Oswal, Anand Rathi, and Sharekhan have highlighted the following stocks for today:

1. Bharti Airtel (BUY)

• Range: ₹2,020 – ₹2,035
• Target: ₹2,100 | Stop Loss: ₹1,985
• Rationale: The stock is taking strong support near its mean Bollinger Band. With expanding MACD histograms, momentum is turning constructive, suggesting a breakout is imminent.

2. Coal India (BUY)

• Range: ₹415 – ₹425
• Target: ₹470 | Stop Loss: ₹390
• Rationale: Following a healthy correction from recent highs, Coal India has reached a confluence support zone (61.8% Fibonacci retracement and 200 DEMA). This is considered a high-conviction “value buy.”

3. NTPC (BUY)

• Range: ₹368 – ₹374
• Target: ₹430 | Stop Loss: ₹335
• Rationale: NTPC is showing a descending trendline breakout on the weekly charts. Strong momentum indicators suggest the stock is ready to resume its primary uptrend.

4. Delhivery (BUY)

• CMP: ₹420
• Target: ₹570 | Upside: 36%
• Rationale: Post-acquisition of Ecom Express, Delhivery has strengthened its network. Improving EBITDA margins (7.4%) and moderating capital intensity make it a top pick in the logistics space.

5. Power Finance Corporation (PFC)

• Range: ₹411 – ₹420
• Target: ₹480 | Stop Loss: ₹375
• Rationale: Reclaiming its 200 DMA has revitalized the stock. Consecutive closes above prior day highs indicate a trend continuation.

III. Corporate Actions to Watch This Week

Investors should keep a close eye on the following companies as they trade around their “Ex-Date” or “Record Date” for dividends and splits:

IV. Global & Domestic Triggers

The market sentiment today will be dictated by several moving parts:

1. US-India Trade Deal: Markets are optimistic about the upcoming signing of the new trade agreement, which could boost textile and pharmaceutical exports.
2. AI Uncertainty in IT: The Nifty IT index remains under pressure (down 14% month-to-date) due to concerns that AI startups are disrupting traditional service models.
3. Institutional Flow: FIIs were net sellers (₹638 crore) last week, while DIIs pumped in ₹4,335 crore. The sustainability of the rally depends on DIIs continuing this “shock absorber” role.
4. Macro Data: Investors are awaiting India’s Q3 GDP data and the conclusion of the Global AI Summit 2026.

V. The “Expert Mantras” for Today

• For Traders: Use a “Buy on Dips” strategy near 25,400 for Nifty. Avoid “over-leveraging” ahead of the monthly expiry on Tuesday.
• For Investors: Focus on undervalued large-caps. ICICI Bank (PE ~19) and Bajaj Finance (ROE ~18.9%) remain attractive on a valuation basis compared to their 5-year averages.
• Sectoral Watch: Defence (HAL, BEL) and Renewable Energy (Tata Power) are expected to see fresh buying interest due to new government contract rumors.

Summary Table: Market Snapshot

Disclaimer

The information provided in this article titled “Best Shares to Buy For 4 March 2026 : Check Now” is intended solely for educational and informational purposes. The stock market is subject to market risks, and prices are volatile and can change without notice. The views, data, and recommendations shared here are based on public information and do not constitute financial advice or an offer to buy/sell any securities.

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