Essential Stock Picks for Today: September 12, 2025 Recommendations
According to Bajaj Broking Research, investors should consider Reliance Industries and Persistent Systems as top stock picks for September 12, 2025. The report highlights a positive outlook for the Nifty and Bank Nifty indices, driven by optimism surrounding Indo-US trade discussions and strong market fundamentals. The analysis suggests that a breakout above key resistance levels could signal further upward momentum in the market.
Nifty Index Performance
The Nifty 50 index has shown a range-bound yet upward trend over the past week, buoyed by renewed optimism regarding trade negotiations between India and the United States. This positive sentiment is further supported by favorable global cues and ongoing accumulation in major index stocks. Over the last ten weeks, the Nifty has retraced only 38.2% of its previous 12-week uptrend, indicating underlying market strength. Currently, the index is consolidating within a defined range of 24,400 to 25,000, with a breakout above the psychological level of 25,000 likely to propel it towards the resistance zone of 25,200 to 25,250. A decisive close above 25,250 could confirm a trend reversal and open the door for further gains towards the 25,500 mark. On the downside, immediate support is identified at 24,700, with critical support levels between 24,400 and 24,300, which are crucial for trend validation.
Market Outlook and Key Indicators
Looking ahead, several key factors will influence market sentiment. Progress in the Indo-US bilateral trade deal negotiations will be closely monitored, as any significant developments could impact sector-specific flows. Additionally, upcoming U.S. macroeconomic data, including the month-over-month Consumer Price Index (CPI) and labor market statistics, will be critical in shaping expectations regarding the Federal Reserve’s policy direction. Domestically, the Indian CPI inflation print will be a vital indicator, with deviations from consensus likely to affect the Reserve Bank of India’s policy stance and market dynamics. The U.S. Dollar Index (DXY) remains below the 100 mark, suggesting a corrective bias that may support emerging market flows. Furthermore, Brent crude oil prices are currently capped below their 20-week exponential moving average, indicating bearish trends that could ease inflationary pressures for import-dependent economies like India.
Bank Nifty Trends
The Bank Nifty index has resumed its upward momentum, characterized by a series of higher highs and higher lows on the daily chart. This trend effectively negates the recent corrective phase. The 200-day exponential moving average has served as a reliable support zone, allowing the index to absorb selling pressure and position itself for further gains. A breakout from the recent consolidation zone reinforces the continuation of the uptrend, with immediate support at Monday’s low of 54,300. On the upside, the index has the potential to reach 55,350, based on the measured move from the recent consolidation range. Key support levels are identified between 53,500 and 53,300, coinciding with the 200-day EMA and the swing low from May 2025.
Stock Recommendations
Bajaj Broking Research recommends buying Reliance Industries within the price range of ₹1,370 to ₹1,390, with a target of ₹1,540, representing a potential return of 12% over six months. The stock is currently consolidating near a crucial support zone, suggesting a favorable risk-reward profile for investors. Additionally, Persistent Systems is recommended for purchase in the range of ₹5,350 to ₹5,430, with a target of ₹5,930, indicating a 10% return over one month. The stock is forming a potential double bottom on the daily chart, providing a fresh entry opportunity with a favorable risk-reward setup. Both stocks are positioned for potential bullish reversals, making them attractive options for investors looking to capitalize on market trends.
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