Trade setup for Nifty 50, Israel-Hamas War to Tata Capital IPO; 8 stocks to buy or sell

By Admin

06 Oct, 2025

The domestic equity markets ended the week on a positive note as Sensex and Nifty 50 posted gains for the second consecutive session, supported by upbeat global cues and strong buying in the metal and telecom sectors. The bullish sentiment reflected optimism among investors as global momentum and local fundamentals aligned.

Market Overview
On Friday, the BSE Sensex climbed 223.86 points (0.28%) to close at 81,207.17, while the Nifty 50 advanced 57.95 points (0.23%) to end at 24,894.25. During the session, the Sensex moved between 80,649.57 and 81,251.99 a range of 602.42 points. For the week, the Sensex gained 780.71 points (0.97%), and the Nifty 50 rose 239.55 points (0.97%), extending the market’s winning streak.

Technical View: Mildly Bullish Outlook
According to Vatsal Bhuva, Technical Analyst at LKP Securities, Nifty 50 displayed resilience by closing above its short-term resistance and maintaining strong support at the 100-day EMA (24,750). Heavy put writing at 24,800 suggests a strong base, while the highest open interest concentration at 25,000 marks a significant resistance zone.
Bhuva expects the index to trade in a mildly bullish range of 24,750 to 25,100, with support at 24,750 and resistance between 25,000–25,100.

Global Sentiment and FII Inflows
Vinod Nair, Head of Research at Geojit Financial Services, noted that the ongoing Israel-Hamas conflict and the upcoming Tata Capital IPO may introduce short-term market volatility. However, strong H2 FY26 earnings growth and seasonal demand tailwinds are likely to support momentum.
He added that the recent 25-basis point US Fed rate cut could boost Foreign Institutional Investor (FII) inflows into emerging markets. With India’s valuation premium moderating, global investors may find attractive opportunities, strengthening near-term sentiment.

Top Stocks to Buy or Sell Today

Leading market experts have shared their stock recommendations for today’s trade session:

Sumeet Bagadia’s Picks (Choice Broking)

Indian Bank (₹765.95 | Target ₹818 | Stop-loss ₹740)
Indian Bank’s share price has been in a long-term uptrend, forming higher highs and higher lows. The stock recently touched an all-time high of ₹769.3, supported by rising volumes and positive EMA trends across all timeframes. The setup signals strong bullish momentum, offering a short-term buying opportunity toward the ₹818 target.

Poonawalla Fincorp Ltd (₹524.4 | Target ₹562 | Stop-loss ₹506)
Poonawalla Fincorp has hit a new all-time high after a breakout from a rounding bottom pattern. The stock shows consistent bullish structure on both daily and weekly charts, making it an attractive buy for traders aiming for ₹562.

Ganesh Dongre’s Picks (Anand Rathi)

TVS Motor Company Ltd (₹3,447 | Target ₹3,700 | Stop-loss ₹3,350)
TVS Motor continues to reflect a strong bullish trend, with consistent investor interest. Having found solid support at ₹3,350, the stock is poised for a move toward ₹3,700.

JB Chemicals & Pharmaceuticals Ltd (₹1,668 | Target ₹1,750 | Stop-loss ₹1,640)
JB Chemicals maintains a strong uptrend, rebounding from its support base at ₹1,640. The technical chart suggests further upside potential toward ₹1,750 in the near term.

Punjab National Bank (₹114 | Target ₹119 | Stop-loss ₹109)
PNB shares remain in a bullish trajectory, with renewed momentum after consolidating near ₹109 support. The stock’s outlook points to a potential climb toward ₹119, making it suitable for short-term traders.

Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)

HBL Engineering Ltd (₹846.50 | Target ₹900 | Stop-loss ₹826)
After consolidating near ₹805, HBL Engineering has shown a strong breakout supported by volume. RSI indicators suggest a positive reversal, hinting at a possible upward move toward ₹900.

Techno Electric & Engineering Company Ltd (₹1,372 | Target ₹1,440 | Stop-loss ₹1,344)
Techno Electric rebounded from its descending channel base near ₹1,270, surpassing its 200-SMA at ₹1,300. With improving bias and volume support, the stock appears set for a target of ₹1,440.

CG Power and Industrial Solutions Ltd (₹747 | Target ₹785 | Stop-loss ₹730)
CG Power has stabilized after a short correction phase, maintaining support at ₹730. The RSI indicates recovery from oversold levels, suggesting potential gains up to ₹785.

Outlook
Despite ongoing geopolitical tensions and market volatility, the domestic market sentiment remains largely optimistic. Analysts expect continued sectoral support from metals, financials, and engineering segments, with short-term opportunities emerging in technically strong stocks.

Disclaimer: The recommendations mentioned above are from individual analysts or broking firms, not of this publication. Investors are advised to consult certified financial advisors before taking any investment decisions.