Nifty likely to see resistance at 10,200; 5 stocks which can give up to 5% return intraday

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26 Aug, 2025 12:21

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Mustafa NadeemEpic Research

The Nifty50 makes a bullish breakout after a ‘Hammer’ pattern last week indicating the upward move to continue in the near-term. It hit a new all-time high of 9,982 on Monday.

It has given a consolidation breakout of the range that was being observed in the last couple of weeks with 9,900 as resistance while support was placed at 9,800.

A fresh breakout with participation led by heavyweights suggests an up move may continue while 10,000 now being within reach. A strong closing as well suggests the trend may continue for the coming sessions.

Main heavyweight components saw higher participation with buying seen in Reliance, ITC, HDFC Bank, Axis, TCS and Infosys as well. This further improves the undertone and sentiment in the short term.

As far as resistance is concerned, we expect it to come around 10,050 mark while next resistance on the clearing of first will be seen at 10,200.

On the downside, support comes at 9900 as a fresh base and then at 9,820. Traders can buy on dips with select stocks in heavyweight being kept on the radar.

Fundamentally, the valuations are stretched and that is why we are seeing slow movement in the index with select stocks gaining majorly.

The Nifty PE at 25x odd levels with a gain of 30 percent is certainly not favorable for short term investors as the market will align itself with earnings that will be reported.

We are expecting that to be somewhere in two digits around 15 percent. The exponential move that we have seen needs to be justified in short term with some corrections. Also, recent gains were majorly due to discounting of GST into the prices.

Here is a list of top five stocks which can give up to 5% return in intraday trade:

Tata Steel: SELL| Target Rs530| Stop Loss Rs560| Return 3%

It has seen a formation of a bearish structure with a negative close and resistance of crucial moving averages suggesting a more bearish move to Rs530.

Raymond: BUY| Target Rs835| Stop Loss Rs785| Return 3%

The stock is seeing a bullish Mat and Hold formation on bigger time frame charts along with the support of long term moving averages suggesting an up move in coming sessions which can take Nifty towards its next target of Rs835.

Apollo Tyres: BUY| Target Rs265| Stop Loss Rs250| Return 4%

The stock has seen a positive cross of moving averages and is on the verge of a breakout towards next target of Rs265

ITC: BUY| Target Rs305| Stop Loss Rs288| Return 4%

The stock has seen a rebound after a heavy sell off pushing the price back into the previous trading range of Rs305 - 310 while a stop loss can be placed at Rs288.

Bata India: BUY| Target Rs620| Stop Loss Rs575| Return 5%

The stock has seen a structural breakout of bullish pattern and is in an upward move to test the next resistance which is our set target of Rs620.

Disclaimer: The author is CEO, Epic Research. The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.