Nifty likely to bounce back as long as Mount 10K holds; top 5 stocks which can give up to 5% return

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26 Aug, 2025 12:21

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By Rajesh AgarwalAUM Capital

Benchmark indices declined on Thursday amid mixed sentiment in global equities after the US Federal Reserve raised interest rates and maintained its view for three hikes this year.

Among sectoral indices, the Nifty PSU Bank index was trading over 2 percent lower led by a fall in the shares of State Bank of India and Syndicate Bank.

The Nifty Realty index, too, slipped nearly 1 percent lower due to a fall in shares of Indiabulls Real Estate and Oberoi Realty. Globally, the US dollar was on the  defensive on Thursday after posting its largest loss in two months when the Fed turned out to be less hawkish than anticipated. Worries about a potential trade  war between China and the United States kept gains in Asian shares in check.

Technical Outlook

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Rajesh Agarwal

Aum Capital

• 
  Nifty entering consolidation phase; Bank Nifty should outperform in near-term
• 
  See up to 15% return from these 5 stocks
• 
  Nifty must cross 10,555 decisively for further upmove; top 5 stocks to buy for short term

Nifty

Nifty opened with positive note but failed to hold higher levels and closed lower at 10,114.75 down 40.50 points. Index has formed 'Inverted Hammer'
candlestick pattern around its 200 SMA of 10,171 on daily scale. Till it holds 10,000 mark decisively, bounce back from lower levels cannot be ruled out.

Nifty might revert back to its short term moving average of 20EMA i.e. around 10,325 which might work as immediate hurdle zone. Immediate hurdle seen around  10,210.

Bank Nifty

Nifty Bank has formed multiple bullish reversal candlestick patterns around support of 24,000 levels. Till it holds 24,000 levels decisively, pullback from current levels cannot be ruled out. Strong support seen around 23,800 levels i.e. 38.2 percent Retracement levels.

On hourly chart, Oscillators like RSI & MACD has formed positive divergence and rising from oversold zone which is a bullish sign. We are expecting Index to consolidate within a range of 24,000-25,000 levels in near term.

Here are the top 5 stocks which can give up to 5% returns in the short term:

Apollo Hospitals Enterprise | Rating: Buy | Target: Rs 1049, stop loss: Rs 998 | Return: 2%

State Bank of India | Rating: Buy | Target: Rs 253, stop loss: Rs 233 | Return: 5%

Oil India Limited | Rating: Buy | Target: Rs 352, stop loss: Rs 333 | Return: 3%

CESC Limited | Rating: Buy | Target: Rs 910, stop loss: Rs 860 | Return: 3%

Maruti Suzuki India | Rating: Sell | Target: Rs 8550, stop loss: Rs 8830 | Return: 2%

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