HDFC Securities Analyst Recommends Key Stocks for Short-Term Gains

The Indian stock markets commenced November with a stable performance, remaining within a consolidation phase. As of 12:53 IST, the benchmark indices displayed minimal movement, with the Nifty 50 trading at 25,734.65 and the Sensex at 83,903.21. The Nifty 50 opened at 25,696.85, reflecting a decrease of 25.25 points or 0.10 percent. Similarly, the BSE Sensex started at 83,835.10, down by 103.61 points or 0.12 percent. Analysts noted a vibrant month for initial public offerings (IPOs), as company promoters leverage high valuations to divest their holdings.

Market Analysis and Trends

Vinay Rajani, a Senior Technical and Derivative Analyst at HDFC Securities, provided insights on the Nifty 50’s recent performance. He highlighted that the index had breached an upward sloping trend line connecting the higher swing lows of 24,605 (October 1 low) and 25,060 (October 14 low). For the second week in succession, the Nifty 50 formed indecisive candlesticks on the weekly chart, resulting in a 0.28 percent loss, which signals caution for the short term. Despite this, the Nifty 50 remains above its 20-day exponential moving average (DEMA) of 25,590, indicating a bullish position.

Rajani also pointed out that the resistance levels for the Nifty 50 are situated between 26,000 and 26,100. The index had previously noted a significant breakout from a Symmetrical Triangle pattern during the week ending October 17, 2025. Following this breakout, initial gains were met with strong supply at elevated levels, leading to a healthy retracement. Currently, the Nifty 50 is approaching a confluence of support in the 25,450–25,500 range, positioning it as an ideal level for new long positions with an attractive risk-reward ratio. Should the index surpass 26,100, it could potentially rally towards the triangle target of 26,600.

Recommended Stocks for Investment

Rajani identified several stocks as strong buy recommendations based on their recent performance and market trends:

– **IDBI Bank** (Current Price: ₹102): Target Price: ₹112 | Stop-Loss: ₹97. The stock has broken out from a cup and handle pattern on the monthly chart. The public sector bank sector is performing well, maintaining a bullish momentum. The price breakout is supported by a notable increase in trading volumes, with indicators showing strength in the current trend.

– **Sagility** (Current Price: ₹52.90): Target Price: ₹59 | Stop-Loss: ₹49.60. Over the week ending October 31, 2025, Sagility’s share price broke out from a multi-week consolidation with significant volume. The stock is positioned above all key moving averages, indicating a bullish trend across various time frames.

– **Capri Global Capital** (Current Price: ₹204): Target Price: ₹222 | Stop-Loss: ₹195. For the week ending October 24, 2025, the share price of Capri Global Capital also broke out from a multi-week consolidation, supported by an increase in trading volumes. Like Sagility, it is above key moving averages, showing a bullish trend.

Investors are advised to conduct thorough research or consult certified financial experts before making any investment decisions. The recommendations provided by Rajani reflect his analysis and are not endorsed by any official financial body.