Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are Mazagon Dock Shipbuilders Ltd, and Bajaj Finserv. Here’s his view on Nifty, Bank Nifty for the week starting September 15, 2025:Nifty ViewThe benchmark index Nifty has ended the week on a positive note for the second straight session, reinforcing the momentum of the ongoing recovery. Over the last two weeks, the index has staged a gradual rebound of nearly 700 points, registering its highest weekly close in eight weeks—a clear indication of improving sentiment and technical strength.On the daily chart, Nifty is currently approaching a breakout from a Symmetrical Triangle pattern, a formation that typically precedes a sharp directional move. The index is trading above both its short-term and long-term moving averages, which are now beginning to slope upwards—signalling a strengthening trend and increasing bullish bias.Momentum indicators are also turning favourable. The daily RSI has moved past the 60 mark for the first time since July 2025, reflecting growing strength in the underlying trend. Additionally, the MACD remains in buy mode, and the rising histogram suggests a pickup in upside momentum.Market breadth has shown notable improvement in recent sessions. Among Nifty constituents, 82% of stocks are trading above their 20-day EMA, while 76% are above their 50-day EMA—indicating broad-based participation in the rally.From a level’s perspective, the 25150–25200 zone will act as a key resistance for the index. A decisive move above 25200 could trigger a sharp rally toward 25500, followed by 25700 in the short term. On the downside, the 24950–24900 zone is expected to offer support in case of any immediate pullback.Bank Nifty ViewThe banking benchmark index has extended its pullback rally for the second straight week, signalling a short-term recovery attempt following recent declines. From the recent low of 53561, the index has bounced back by over 1200 points, reflecting a gradual improvement in market sentiment.Despite this rebound, the index continues to trade below its 50-day and 100-day EMA—indicating that the broader trend has yet to confirm a reversal. These moving averages remain key resistance zones, and a decisive close above them will be essential to validate a sustained uptrend.On the momentum front, the daily RSI remains in a sideways phase, though it is gradually inching higher. This slow upward movement suggests a subtle build-up in strength, and a breakout above the 60 mark could further reinforce bullish momentum.Looking ahead, the 55100–55200 zone will act as an immediate resistance for the index. A sustainable move above 55200 could pave the way for an extended rally toward 56000 in the near term. On the downside, the 54400–54300 zone is expected to offer crucial support in case of any short-term pullback.Stock recommendations:Mazagon Dock Shipbuilders LtdThe stock has recently witnessed a breakout from a Falling Wedge pattern on the daily chart, accompanied by strong volume activity, which adds conviction to the move. Post-breakout, it has also moved above its short-term and long-term moving averages, both of which are now trending higher—a bullish signal. The RSI has climbed above 60 for the first time since 30th May, indicating strengthening momentum. Additionally, the DI+ has crossed above DI- on the ADX indicator, suggesting an improvement in trend strength. Hence, we recommend to accumulate the stock in the zone of ₹2925–₹2935 level with a stoploss at ₹2840. On the upside, the stock is likely to test ₹3140 in the short term.Bajaj Finserv LtdOn Friday, the stock gave a horizontal trendline breakout on the daily chart, supported by a notable surge in volumes, which were higher than the previous six sessions. A large bullish candle formed on the breakout day further reinforces the strength of the move. The RSI is in bullish territory and rising, while the ADX line is also trending upward, indicating a strong underlying trend.Hence, we recommend to accumulate the stock in the zone of ₹2080–₹2090 level with a stoploss at ₹2020. The stock has the potential to rally towards ₹2230 in the near term.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
