Stocks To Buy Today, Oct 14: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Tuesday

While the Bank Nifty index started on a gap-down note on Monday, saw continuous buying activity, and ended the day flat at 56,625, the Nifty opened on a gap-down note, saw buying interest during the session, and ultimately wrapped up on a negative note at 25,227. The India VIX, a crucial indicator of market volatility, surged 8.96% to 11, indicating heightened anxiety among investors and caution in the wake of Q2 earnings announcements and escalating international tariff developments.

Nifty Outlook Today

"On the daily chart, the index has formed a small bullish candle that remains within the previous session's range, indicating a phase of consolidation with positive bias amid stock-specific activity. The Nifty has already rallied approximately 700 points over the past two weeks, pushing the daily stochastic indicators into overbought territory. This suggests that some short-term consolidation may be likely. Overall sentiment remains positive, and we believe dips can be used as buying opportunities. 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 sustained move above last week's high of 25,330 would signal a continuation of the uptrend, potentially paving the way for a rally towards the next key resistance at 25,450 - the upper boundary of the three-month triangular consolidation pattern," said the research analysts of Bajaj Broking.

Bank Nifty Outlook Today

"Bank Nifty formed a second consecutive bull with a higher high and higher low highlighting positive bias. Going forward, the index is likely to sustain its upward momentum, with immediate support placed at 56,200-56,300 levels, being Monday's low, followed by a stronger base near 55,800-55,600. We expect the index to head towards the immediate resistance of 57,000, a move above the same will open further upside towards all-time high placed around 57600 levels. From an oscillator perspective, the Stochastic indicator, which earlier hovered in oversold territory, has shown a sharp recovery and is now approaching overbought levels, indicating strong underlying momentum," commented the research analysts of Bajaj Broking.

Stocks To Buy Today

Technical analyst Riyank Arora of Mehta Equities Ltd. proposed buying the two stocks below on Tuesday, October 14.

Tata Capital

Buy | CMP: Rs 331 | SL: Rs 310 | Target: Rs 380

Tata Capital is witnessing strong accumulation with steady volume support. The stock has maintained higher lows and shows momentum for a breakout above ₹335. Sustaining above this level can push it toward ₹380. Maintain a stop-loss at ₹310.

Stallion

Buy | CMP: Rs 337 | SL: Rs 315 | Target: Rs 390

Stallion is trading near its breakout zone with strong price action and bullish RSI crossover. The structure suggests renewed buying interest. A move above ₹340 could accelerate momentum toward ₹390. Stop-loss should be kept at ₹315.

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