Stocks To Buy Today, Sept 15: Top Picks By Riyank Arora of Mehta Equities For Profitable Trading On Monday

The Nifty index ended the second week in a row with a strong finish, continuing its winning run for the eighth consecutive session. The index remained far above the critical 25,000 barrier. The Nifty closed Friday's trading session at 25,114.00, up 0.43%. On a weekly basis, the index rose 1.51%, demonstrating consistent momentum and holding above the 25,000 level for many sessions, indicating that strength is improving. The Nifty Bank index maintained its strength above the pivotal 54,500 barrier as it registered gains for the second consecutive week, continuing its winning run for the eighth straight session.

The India VIX fell 2.29% to 10.12, indicating a decrease in volatility. Despite uncertain intraday movement, traders avoid aggressive hedging, suggesting cautious confidence. In the days to come, domestic investors will keep an eye on the Wholesale Price Index (WPI) announcement, while key focus will be on the FOMC policy decision globally. Updates on the status of the India-US trade agreement will also be a crucial factor to keep an eye on, as it will determine the direction of the market.

Nifty Outlook Today

"On the weekly basis, the index advanced by 1.51%, highlighting steady momentum and sustaining above the 25,000 mark for consecutive sessions, which shows the strength is building up. The index is now approaching the 61.8% Fibonacci retracement level at 25,160, a crucial breakout point that could shift focus to higher resistance zones. On the daily chart, Nifty is trading above its short-term moving averages, while the hourly chart displays higher highs and higher lows, highlighting a strong short-term trend," said Om Mehra, Technical Research Analyst, SAMCO Securities.

"The RSI has strengthened to 61, while the MACD has turned positive with a clear crossover, confirming the bullish undertone. For the sessions ahead, 24,980-24,920 will act as immediate support. On the higher side, a move above 25,160 can accelerate gains toward the 25,250-25,350 zone. The broader outlook remains positive, with a buy-on-dip strategy favoured as long as Nifty continues to defend the 24,900 level," Om Mehra added.

Bank Nifty Outlook Today

"The index is trading close to the 50% Fibonacci retracement at 54,850, which has emerged as the immediate resistance to watch. Sustaining above this zone could open the way for higher retracement levels at 55,170 (61.8%), followed by the 78.6% level near 55,500. The RSI has advanced to 50, suggesting a gradual pickup in strength. The MACD has also displayed a bullish crossover, supported by positive histogram bars," commented Om Mehra.

"The index has held above the 9-EMA and 20-EMA, while the 50-DMA continues to act as a major resistance that needs to be crossed to gain further strength. The Immediate support is placed at 54,500-54,400, while resistance remains firm at 55,100-55,250. A close above this band could accelerate the move toward 55,500, whereas failure to cross may keep the index range-bound. The overall outlook has turned more stable, with a buy-on-dip approach favoured as long as Nifty Bank holds above 54,300," Om Mehra further stated.

Stocks To Buy Today

Mehta Equities Ltd. technical analyst Riyank Arora picked out the following stocks that might experience enormous potential gains during today's intraday session.

Data Patterns

Buy | CMP: Rs 2,709 | SL: Rs 2,640 | Target: Rs 2,850 / Rs 2,950

Data Patterns is showing strong accumulation near support zones and has started trending higher. The stock is trading above both its 20-day and 50-day moving averages, reflecting a bullish setup. RSI is pointing north, suggesting continued strength in the near term. If the stock sustains above ₹2,709, it can move toward ₹2,850 and ₹2,950. A strict stop-loss at ₹2,640 is recommended to manage risk.

Hindustan Aeronautics (HAL)

Buy | CMP: Rs 4,743 | SL: Rs 4,650 | Target: Rs 4,900 / Rs 5,050

HAL has maintained strong momentum, holding comfortably near its highs. The stock remains firmly above short and medium-term moving averages, backed by robust volume action. Technical indicators, including RSI, suggest bullish sentiment with scope for further upside. Sustaining above ₹4,743 may push the stock higher toward ₹4,900 and ₹5,050. Traders may consider long positions with a stop-loss at ₹4,650 for protection against downside moves.

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