Nifty Hits Record High! Top 5 Stocks to Buy or Sell Today – Sept 26

Stock Market Today:

On Wednesday, the Nifty-50 reached a record high for the fourth day in a row, closing at 26,004.15 (up 0.25%), while the Sensex also gained 255.83 points (0.30%) to end at 85,169.87. This was driven by power and banking stocks, although IT and FMCG sectors lagged, and mid- and small-cap stocks faced some corrections due to high valuations.

Trade Setup for Thursday:

According to Nagaraj Shetti from HDFC Securities, Nifty’s short-term uptrend is still strong, with resistance at 26,250 and support around 25,800. Bank Nifty could face resistance at 54,500 but could rise to 55,000–55,500 if it breaks through. On the downside, support lies at 53,350 and 53,000.

Global Market Outlook:

China’s boost to its market has started to fade, and European stocks are mixed due to concerns about growth. Domestically, the market could face challenges from a drop in foreign investor inflows and funds shifting to cheaper emerging markets.

Stocks to Buy Today:

Ganesh Dongre’s Picks:

1. Narayana Hrudayalaya: Buy at ₹1,255 with a target of ₹1,295 and stop loss of ₹1,225. The stock shows a bullish trend and could rise soon.
2. HDFC Life Insurance: Buy at ₹717 with a target of ₹740 and stop loss of ₹700. RSI indicates strong buying momentum.
3. Larsen & Toubro: Buy at ₹3,795 with a target of ₹3,950 and stop loss of ₹3,700. Bullish signals point to further growth.

Anshul Jain’s Picks:

4. Tata Power: Buy at ₹467 with a target of ₹482 and stop loss of ₹460. It has broken out of a 99-day cup-and-handle pattern.
5. Tata Communications: Buy at ₹2,120 with a target of ₹2,160 and stop loss of ₹2,080. The stock has broken out of a recent swing high.
6. Oberoi Realty: Buy at ₹1,938 with a target of ₹1,974 and stop loss of ₹918. The stock has broken out of a rounding bottom pattern, signaling further growth.