Inventory market suggestions: Based on Bajaj Broking Analysis, the highest inventory picks for October 17, 2025 are Reliance Industries, and Suzlon Power. Right here's its view on Nifty and Financial institution Nifty:Index View: NIFTYBenchmark indices prolonged their rally for the third consecutive week pushed by robust world cues and inspiring enterprise updates from a number of firms. Constructive begin to the Q2FY26 incomes periods additionally supported by constructive momentum. Dovish remarks from the Fed Chair on rates of interest and indications of a potential pause in quantitative tightening, which buoyed world threat sentiment. Decrease CPI and WPI information in India additionally boosted charge reduce expectations in India.Nifty traded in a spread within the first two buying and selling periods of the week. Nevertheless, it gained momentum because the week progressed and rallied to 3 months excessive on Thursday. Index within the course of generated a breakout above a falling provide line becoming a member of the foremost highs of September 2024 and June 2025 signaling energy and continuation of the up transfer.On the smaller timeframe Nifty has generated a breakout above the final three months symmetrical triangular consolidation sample highlighting constructive bias and any dips ought to be used as a shopping for alternative. We count on the index to go in the direction of 25,900 after which in the direction of 26,200 ranges within the coming weeks being the 123.6% and 138.2% exterior retracement of the final three months' corrective decline (25669-24338).On the draw back fast help is positioned at 25350-25400 ranges being the current breakout space whereas key help is positioned at 25100-25,000 ranges being the present week low and 20- & 50-days EMA. Key Monitorables Going Ahead:
- Progress in tariff negotiations, which may influence company profitability.
- The progress of the Q2FY26 earnings season, more likely to set the tone for market course.
- The development in Brent crude oil costs, which proceed to say no—an encouraging signal for the home market, given India's standing as a internet importer of crude.
NIFTY BANKFinancial institution Nifty continues to take care of a bullish construction on the day by day chart, forming a sequence of upper highs and better lows. The index has additionally witnessed a breakout from an inverse Head and Shoulders sample — a robust bullish reversal setup — reinforcing the constructive development.Financial institution Nifty continues to outperform the Nifty within the present leg of up transfer, with key non-public banking heavy weights Q2FY26 outcomes lined up on coming Saturday. It should resolve the following directional set off for the index.With costs holding above key shifting averages, the near-term bias stays upward. The index is more likely to take a look at our goal of 58,000, being the 161.8% exterior retracement of the earlier up transfer (53561-55835) as projected from the current trough of 54226. Thursday's hole space of 56,700 will act as fast help for the index.The RSI (14) at 66 signifies wholesome momentum, suggesting energy within the uptrend. Any dips ought to be seen as shopping for alternatives inside this constructive setup.
Inventory Suggestions:
Reliance IndustriesPurchase within the vary of Rs 1380.00-1400
Reliance Industries' inventory has undergone a corrective part over the previous three months and is at present consolidating close to a vital help zone. This technical setup affords a positive risk-reward profile, positioning the inventory for a possible bullish reversal and the following leg of the uptrend.A key technical takeaway from the weekly chart of Reliance Industries is the time-price relationship, the place the inventory has taken 13 weeks to retrace merely 50% of the previous 13-week rally from ₹1115 to ₹1551. This shallow and time-consuming retracement displays inherent energy and a bullish undertone. The current corrective part is interpreted as a better base formation, setting the stage for the following impulsive leg on the upside.The continuing corrective part seems to be nearing exhaustion, with value motion indicating the potential for a contemporary bullish reversal. We anticipate the inventory to renew its main uptrend and retest the earlier swing highs round ₹1540 within the upcoming quarters, which correspond to the important thing resistance zones marked by the September 2024 and July 2025 peaks.Suzlon PowerPurchase within the vary of Rs 53-55
Suzlon stands to be a chief beneficiary of India's renewable power enlargement, with wind capability projected to rise from 49.8 GW in 2024 to 127.9 GW by 2033. The corporate's management in home manufacturing and a report agency orderbook of 5.7 GW as of Q1 FY26 present multi-year income visibility and execution certainty. Latest marquee orders from Tata Energy Renewable and Sunsure Power reaffirm Suzlon's robust demand pipeline, whereas the regular contribution from its high-margin O&M enterprise provides stability and predictable money flows to its earnings profile.Additional strengthening its strategic place, Suzlon's acquisition of a 76% stake in Renom Power Providers unlocks entry to the big non-Suzlon O&M market, enhancing scale and profitability by means of cross-selling and synergies. The corporate's calibrated capex of ₹400–450 crore, with a robust R&D focus, is ready to drive innovation and working leverage by means of environment friendly, export-ready turbine designs. General, Suzlon's built-in mannequin, bettering margin combine, and stability of development and annuity revenues underpin a constructive long-term funding outlook.(Disclaimer: Suggestions and views on the inventory market and different asset lessons given by consultants are their very own. These opinions don't characterize the views of The Occasions of India)
