At current levels around ₹421, one can consider going long in ITC, with a stop loss at ₹405 and an upside target of ₹443 — a potential 5% gain from current levels.
"We are bullish on the finance sector. A stock like Ujjivan Small Finance Bank looks promising. The primary trend has been upward, and after a corrective phase, it seems to be resuming its uptrend. Currently trading around ₹50, I believe the stock can do well in the short term. One can consider going long at these levels, with a suggested stop loss at ₹47.40 and an upside target of ₹53.50 — that's a potential 7% gain over the next 1–2 weeks," says Vinay Rajani, HDFC Securities.
Have the bulls actually entered the room?
Vinay Rajani: Yes, it certainly seems like it. Looking at the market breadth, it appears that the bulls have indeed entered. The small-cap index, in particular, has performed very well — it's currently less than half a percent away from its recent high formed in June 2025, and just 2.5% away from its all-time high. So, looking at the breadth, there are strong indications of stock-specific opportunities in the broader market to generate alpha.
Nifty has also respected its 50-day SMA support, which is a very positive sign — that support lies around the 25,000 mark. Bank Nifty, too, has respected the rising wedge trendline, which is placed around 56,600. So yes, the markets are showing respect to long-term supports, and the broader markets are performing very well.
There may still be some choppiness in the index, but broader markets are doing well, which should be encouraging for traders. Overall, it’s so far so good — stock-specific opportunities are definitely present, and the bulls are active in many broader market stocks.
It’s a pleasing start to the market today. As we speak, Nifty is above 25,200. Clearly, the markets are showing signs of positivity — across benchmarks, broader markets, midcaps, and smallcaps. And since you mentioned it’s a stock pickers’ market, which are the stocks on your radar right now?
Vinay Rajani: We are bullish on the finance sector. A stock like Ujjivan Small Finance Bank looks promising. The primary trend has been upward, and after a corrective phase, it seems to be resuming its uptrend. Currently trading around ₹50, I believe the stock can do well in the short term. One can consider going long at these levels, with a suggested stop loss at ₹47.40 and an upside target of ₹53.50 — that's a potential 7% gain over the next 1–2 weeks.
The second pick is from the FMCG space — a large-cap stock, ITC. ITC has formed an inverted head and shoulders pattern on the daily chart, indicating a breakout after a long consolidation phase. We're bullish on FMCG overall and have recommended an FMCG ETF to our clients, where ITC is a major constituent.
At current levels around ₹421, one can consider going long in ITC, with a stop loss at ₹405 and an upside target of ₹443 — a potential 5% gain from current levels.
Have the bulls actually entered the room?
Vinay Rajani: Yes, it certainly seems like it. Looking at the market breadth, it appears that the bulls have indeed entered. The small-cap index, in particular, has performed very well — it's currently less than half a percent away from its recent high formed in June 2025, and just 2.5% away from its all-time high. So, looking at the breadth, there are strong indications of stock-specific opportunities in the broader market to generate alpha.
Nifty has also respected its 50-day SMA support, which is a very positive sign — that support lies around the 25,000 mark. Bank Nifty, too, has respected the rising wedge trendline, which is placed around 56,600. So yes, the markets are showing respect to long-term supports, and the broader markets are performing very well.
There may still be some choppiness in the index, but broader markets are doing well, which should be encouraging for traders. Overall, it’s so far so good — stock-specific opportunities are definitely present, and the bulls are active in many broader market stocks.
It’s a pleasing start to the market today. As we speak, Nifty is above 25,200. Clearly, the markets are showing signs of positivity — across benchmarks, broader markets, midcaps, and smallcaps. And since you mentioned it’s a stock pickers’ market, which are the stocks on your radar right now?
Vinay Rajani: We are bullish on the finance sector. A stock like Ujjivan Small Finance Bank looks promising. The primary trend has been upward, and after a corrective phase, it seems to be resuming its uptrend. Currently trading around ₹50, I believe the stock can do well in the short term. One can consider going long at these levels, with a suggested stop loss at ₹47.40 and an upside target of ₹53.50 — that's a potential 7% gain over the next 1–2 weeks.
The second pick is from the FMCG space — a large-cap stock, ITC. ITC has formed an inverted head and shoulders pattern on the daily chart, indicating a breakout after a long consolidation phase. We're bullish on FMCG overall and have recommended an FMCG ETF to our clients, where ITC is a major constituent.
At current levels around ₹421, one can consider going long in ITC, with a stop loss at ₹405 and an upside target of ₹443 — a potential 5% gain from current levels.
