Stock market recommendations: According to Bajaj Broking Research, the top stock picks for October 31, 2025 are NBCC, and Sagility. Here’s its view on Nifty and Bank Nifty:Index View: NIFTYBenchmark indices remained range-bound last week, following a robust bullish rally in the preceding sessions. Global investors stayed on the sidelines, tracking developments on US–China and US–India trade negotiations. The US Federal Reserve, in its latest FOMC policy meeting, delivered a second consecutive rate cut, bringing the federal funds rate down to 3.75–4.00%, marking the lowest level in three years. However, Chair Jerome Powell’s neutral stance on the future monetary policy trajectory prompted profit-taking at higher levels on Thursday, leading to mild consolidation across key indices.Over the past six trading sessions, the Nifty has exhibited a sideways consolidation pattern, moving within a well-defined range of 25,700–26,100, broadly in line with expectations following the recent rally. This phase of time-wise correction suggests that the market is currently in a pause mode, digesting prior gains before the next directional move.From a technical perspective, sustained trade above the upper band of 26,100 could act as a trigger for bullish momentum, potentially propelling the index towards its previous all-time high of 26,277. A decisive breakout beyond this level may open the door for a further upside towards 26,500 in the near term, supported by improving market breadth and positive sectoral rotationThe broader market trajectory continues to exhibit a bullish bias, reaffirming that the primary uptrend remains firmly in place. The ongoing phase of consolidation is best interpreted as a healthy retracement and time correction following a sharp 1,500-point up move over the past four weeks.This constructive consolidation provides market participants with an opportune window to initiate fresh long positions and accumulate high-quality, fundamentally sound counters through a staggered accumulation strategy, thereby optimizing entry levels. In essence, the market appears to be undergoing a technical breather within an ongoing bullish structure, setting the stage for the next leg of the upward momentum once the consolidation base is firmly established.Strong support is seen around 25,700–25,500, which is likely to hold as it is the confluence of the recent breakout zone. The 20 days EMA is also placed around 25580 and the 38.2% retracement of the previous up move (24587-26104)NIFTY BANKBank Nifty continues to maintain a bullish structure on the daily and weekly chart, forming a series of higher highs and higher lows in all time frames.Going ahead, a decisive move above last week’s high of 58,577 would confirm a breakout continuation, paving the way for a rally towards 59,000 and 59,300, which correspond to the 138.2% Fibonacci projection of the recent correction (57,628–53,561). However, failure to clear this level may result in range-bound movement between 58,600 and 57,300 in the near term.On the downside, immediate support is seen around 57,300–57,500, aligning with the previous breakout zone, while a stronger support base lies near 56,800–56,500.Overall, the outlook remains positive, and any pullbacks should be viewed as buying opportunities within these support areas.
Stock Recommendations:
NBCCBuy in the range of Rs 116.00-119.00
The stock has broken out above the falling trendline connecting the June 2025 and September 2025 highs, signaling strength and offering a fresh entry opportunity. The price action is forming a higher high–higher low structure on the daily timeframe, reinforcing the bullish outlook.We anticipate the stock to move higher towards the 129 level, which aligns with the June 2025 high and the 123.6% Fibonacci extension of the prior upswing from 98 to 117, projected from the recent low at 105.From a technical indicator perspective, the RSI remains in a bullish configuration and has recently triggered a buy signal, suggesting continued upward momentum.SagilityBuy in the range of Rs 54.00-55.00
The stock is displaying a sustained bullish structure, forming consecutive higher highs and higher lows on the weekly chart. It has also broken out of a prolonged base formation, accompanied by a decisive breach of its falling trendline resistance — signaling a transition from a consolidation phase to a fresh uptrend.A clear breakout from the descending triangle pattern has already occurred thus opening upwards towards 62 in the medium term being measured move projection derived from the descending triangle breakout.On the indicator front, the weekly RSI is exhibiting a steady upward trajectory, reflecting sustained strength in momentum. There are no visible signs of exhaustion or bearish divergence, suggesting that the prevailing bullish momentum remains intact without indications of a trend reversal.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
