Stocks To Buy Today, Oct 15: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Wednesday

On October 14, Indian equity benchmarks resumed their downward trend, with the Nifty falling below the 25,200 level due to sector-wide selling. The Nifty dropped 81.85 points, or 0.32 percent, to settle at 25,145.50, while the Sensex dropped 297.07 points, or 0.36 percent, to 82,029.98. The India VIX, however, climbed slightly to about 11.15, indicating that traders are still being cautious. On the stock-specific front, Axis Bank, HDFC Life, HDFC AMC, L&T Finance, HDB Financial, and Angel One are among the key results that are due on Wednesday.

Nifty Outlook Today

"The index has formed a bearish engulfing candle signaling profit booking at higher levels near last week high of 25330. Stock specific action continues to remain in focus as we progress through the Q2FY26 earning session. Nifty is seen consolidating after 700 points up move over the past two weeks. We expect the index to extend the consolidation and trade in the range of 25,300-24,800 in the coming sessions. Immediate support is seen around the 25,000-25,100 zone, which aligns with the previous swing low and the 20-day and 50-day EMAs. A breakdown below 25,000 will signal extension of decline towards the key support area of 24.800-24,700 levels being the lower band of the last three months triangular consolidation. On the higher side only a move above last week's high of 25,330 would signal resumption of the up move and open up upside towards 25,450 levels," commented the research analysts of Bajaj Broking.

Bank Nifty Outlook Today

"Bank Nifty formed a high wave candle with a small real body and shadows in either direction signaling consolidation amid stock specific action after recent sharp up move. Index to consolidate in the range of 55,600-57,000 in the coming sessions thus forming a base for the next leg of up move. Index has immediate resistance at 57,000 levels. A move above the same will open further upside towards all time high placed around 57600 levels. Key support is placed at 55,500-55,700 levels being the confluence of the 20 days EMA, bullish gap area of 6th October and recent breakout area," commented the research analysts of Bajaj Broking.

Stocks To Buy Today

Technical analyst Riyank Arora of Mehta Equities Ltd. proposed buying the two stocks on Wednesday, October 15.

Stallion Fluorochem

Buy | CMP: Rs 359 | SL: Rs 340 | Target: Rs 390 / Rs 410

Stallion Fluorochem is showing steady upward momentum after a brief consolidation phase. The stock has seen consistent buying interest with volumes supporting the move. Sustaining above ₹359 may lead to a further rally toward ₹390 and ₹410. Traders can maintain a stop-loss at ₹340 for short-term positions.

MCX

Buy | CMP: Rs 9,400 | SL: Rs 9,150 | Target: Rs 9,850 / Rs 10,200

MCX continues its bullish trajectory, supported by strong derivative volumes and technical breakout patterns. The stock remains well-positioned above key moving averages, indicating sustained institutional buying. Holding above ₹9,400 could propel the price toward ₹9,850 and ₹10,200. A stop-loss at ₹9,150 is advised to manage downside risk.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.