October 10, 2025

Indian stock markets are buzzing with excitement! Rahul Sharma, who leads Technical and Derivatives Research at JM Financial Services, shared some juicy insights with ET Now. He says the big trend in the market is still up as long as the key support level for Nifty holds. "Technically, Nifty remains in a bull grip as long as we don’t close below 25,000," Sharma explained. He added that if Nifty breaks above 25,200, it could zoom up to 25,500 quickly. So, the message is clear: buy the dips but keep a safety net with a stop loss at 24,950. Looking for sparkling stocks? Sharma’s top picks are Bombay Stock Exchange (BSE) and IndusInd Bank. BSE is leaving behind months of underperformance and showing strong signals to rally. Sharma said, "BSE has come out of a three-to-four-month phase of underperformance and is showing strong reversal signals." He expects BSE to rise to ₹2,500–2,550 and recommends buying on dips with a stop loss near ₹2,100. IndusInd Bank, meanwhile, is waking up after missing the recent rally. Volume and price are improving, making it attractive. Sharma suggests: "Buying around ₹750 with a stop loss at ₹720 could yield targets of ₹840–850." Sectors also have their shining stars! Pharma and metals are catching investors' eyes again. Divi’s Laboratories is a hot pharma pick after bouncing from oversold levels near ₹5,700. "Divi’s Labs looks set for a move towards ₹6,600–7,000. It’s a solid investment bet — buy on dips," said Sharma. But a word of caution for metals lovers: the metals index momentum might be slowing. Still, Tata Steel is a good short-term trade with a stop loss at ₹170 and target of ₹185. What’s powering this market party? Sharma credits strong earnings season, booming banking stocks, steady liquidity, and keen institution interest. "BFSI and select largecaps are driving the bounce post-RBI policy. As long as key supports hold, the bull trend stays intact," he summed up. Key levels to watch: Support at 25,000 and resistance at 25,200 to 25,500 on the Nifty. Traders are advised to "buy on dips, focus on stock-specific moves" for the next gains. Get ready to ride this bullish wave and keep your eyes on Sharma’s star stocks and sectors for spicy returns!

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Tags: Nifty, Indian equities, Rahul sharma, Stock market, Bse, Indusind bank,