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Listen to this article in summarized format ROHAN SHAH, SENIOR TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT INTERMEDIATES Nifty Strategy: Nifty has moved closer to the crucial 22,000–22,200 support zone, which coincides with its 200-week EMA and the lower boundary of the multi-year consolidation range. Oversold momentum and breadth readings, coupled with historically favourable October seasonality, increase the probability of a recovery. Traders can buy Nifty Futures for an upside target of 23,000–23,300, with a stop loss below 22,000. Indian Hotel: Buy | CMP: Rs 718 | Target: Rs 800 | Stop loss: Rs 678 The stock is consolidating above its 50-week EMA, with supportive volumes indicating potential for further upside. Torrent Pharma: Sell | CMP: Rs 4,767 | Target: Rs 4,250 | Stop loss: Rs 5,050 RSI remains in a declining trend and faces resistance around its moving average, while a downside range shift indicates weakening momentum and scope for profit-booking. Read more: Blockbuster Accenture show holds out hope for battered Indian IT AJIT MISHRA, SVP-RESEARCH, RELIGARE BROKING Nifty Strategy: Nifty tested key long-term moving-average support zone of 200-week SMA and 200-week EMA around 22,400–22,600, after nearly six years. Traders can adopt a hedged approach, targeting 22,800 initially and then 23,100–23,200. A decisive break below the April low could negate the rebound and drag the index towards 21,700–22,000. Read more: Largecaps bear brunt of selloff as 84% of Nifty50 stocks slip below 200-DMAs TOP STOCKS FOR THE WEEK Mankind Pharma: Buy | CMP: Rs 2,535 | Target: Rs 2,680 | Stop loss: Rs 2,410 The stock rebounded from Rs 2,250–2,300 support, reclaimed short-and medium-term averages, and a decisive move above Rs 2,600 would strengthen the trend, driving the stock towards Rs 2,700. IOC: Sell | CMP: Rs 131.3 | Target: Rs 119 | Stop loss: Rs 137 The stock remains under pressure, showing distribution after its fall from Rs 180; repeated failures at the Rs 140–145 zone and consolidation signal supply, with weakness below Rs 130 exposing Rs 124–119. PABITRO MUKHERJEE, DEPUTY VICE PRESIDENT, TECHNICAL, BAJAJ BROKING Nifty Strategy: Nifty tested the rising trendline joining major lows of the last two years and 200-week EMA. The immediate bias remains down, and a follow-through weakness below the April low of 22,182 could extend the decline towards the CY25 low of 21,750. However, oscillators on the weekly and daily charts have reached extremely oversold territory after the sharp decline. Holding above the April 2026 low, which also coincides with key long-term support, could trigger a pullback towards 22,800 and 23,000. Traders can buy Nifty October Futures at current levels and on dips towards 22,400 for targets of 22,800 and 23,000, with a stop loss at 22,200. TOP STOCKS FOR THE WEEK HDFC Bank: Buy | CMP: Rs 721.2 | Target: Rs 775 | Stop loss: Rs 690 Offers a fresh opportunity, with Rs 775 being the confluence of falling trendline resistance and the 61.8% retracement of the previous decline from Rs 843 to Rs 682. Cummins India: Buy | CMP: Rs 4,860 | Target: Rs 5,230 | Stop loss: Rs 4,670 Expected to resume its upmove towards Rs 5,230, the 38.2% retracement of the decline from Rs 6,100 to Rs 4,741. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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