Trade setup for Nifty 50, TCS Q2 results to gold prices; 8 stocks to buy or sell

By Admin

09 Oct, 2025

The Indian stock market witnessed a pause in its upward momentum on Wednesday, as benchmark indices Sensex and Nifty 50 slipped after a four-day rally. Selling pressure in major heavyweights like Reliance Industries and HDFC Bank, coupled with profit-taking across key sectors, dragged the markets lower.

The BSE Sensex dropped 153.09 points (0.19%) to close at 81,773.66, while the Nifty 50 slipped 62.15 points (0.25%) to settle at 25,046.15. During the session, the Sensex swung 611 points between an intraday high of 82,257.74 and a low of 81,646.08, reflecting broad-based volatility. Analysts attributed the decline to weak global cues, mixed corporate earnings, and investor caution ahead of the Q2 earnings season.

Market Outlook and Technical View

According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 appears to be undergoing consolidation after a sharp rally from the 24,600 mark. The index has retraced to the 38.20% Fibonacci level, indicating a healthy correction within an ongoing bullish trend. As long as Nifty holds above 24,970, the broader upward bias is expected to remain intact.

Global Markets and TCS Q2 Earnings

Vinod Nair, Head of Research at Geojit Financial Services, highlighted that profit-booking and cautious investor sentiment marked Wednesday’s session, particularly ahead of key earnings releases such as TCS Q2 results. While IT stocks showed resilience amid strong demand and reasonable valuations, sectors like Auto, Banking, and FMCG came under selling pressure.

On the global front, heightened uncertainties, including concerns over a possible US government shutdown, pushed gold prices to record highs, reflecting increased risk aversion among investors. Market attention is now shifting to the September FOMC minutes, which may offer clues about the Federal Reserve’s policy direction.

Moving ahead, the focus will likely turn toward domestic earnings, macroeconomic data, and festive season demand, all of which will guide short-term market sentiment.

8 Stocks to Buy or Sell Today

Leading market experts Sumeet Bagadia (Choice Broking), Ganesh Dongre (Anand Rathi), and Shiju Koothupalakkal (Prabhudas Lilladher) have shared their top intraday trading recommendations for Thursday’s session.

1. Global Health Ltd (Medanta)

• Buy at: ₹1,386.40
  
  

• Target: ₹1,480
  
  

• Stop Loss: ₹1,339
  Bagadia notes that Medanta continues to form a bullish higher-high and higher-low pattern, maintaining strong upward momentum. The stock’s structure suggests a breakout possibility within its current consolidation zone.
  
  

2. CESC Ltd

• Buy at: ₹166.19
  
  

• Target: ₹176
  
  

• Stop Loss: ₹161
  CESC has gained strength after taking support at its 200-day EMA. Improving technical indicators suggest the potential for further upside in the short term.
  
  

3. Tata Elxsi Ltd

• Buy at: ₹5,450
  
  

• Target: ₹5,700
  
  

• Stop Loss: ₹5,300
  Dongre observes a bullish engulfing pattern on the short-term chart, indicating a possible reversal from the oversold zone. The RSI supports a rebound toward ₹5,700.
  
  

4. State Bank of India (SBI)

• Buy at: ₹858
  
  

• Target: ₹880
  
  

• Stop Loss: ₹840
  The stock has established a solid support base near ₹840. A favorable price structure indicates a short-term upside toward ₹880.
  
  

5. Bharti Airtel Ltd

• Buy at: ₹1,939
  
  

• Target: ₹1,980
  
  

• Stop Loss: ₹1,910
  Airtel shows a bullish reversal setup with strong support at ₹1,910, suggesting near-term potential toward ₹1,980.
  
  

6. V-Mart Retail Ltd

• Buy at: ₹836
  
  

• Target: ₹885
  
  

• Stop Loss: ₹820
  According to Koothupalakkal, V-Mart has broken above key moving averages and is displaying a flag pattern breakout, signaling further upward momentum.
  
  

7. Zydus Wellness Ltd

• Buy at: ₹459
  
  

• Target: ₹487
  
  

• Stop Loss: ₹448
  The stock has rebounded from recent corrections, with RSI turning positive and price action indicating renewed bullish strength.
  
  

8. VA Tech Wabag Ltd

• Buy at: ₹1,414
  
  

• Target: ₹1,485
  
  

• Stop Loss: ₹1,387
  After a brief correction, VA Tech Wabag has regained momentum with increasing volumes and a positive RSI reversal, pointing to a likely uptrend continuation.
  
  

Conclusion

Despite the short-term correction in benchmark indices, analysts maintain that the broader market trend remains positive as long as key support levels hold. With TCS Q2 results, global market cues, and festive season optimism on the horizon, traders are advised to remain selective and disciplined in their approach.