Essential Stock Picks for Today: September 19, 2025 Recommendations
According to Bajaj Broking Research, investors should focus on Bharat Electronics and RBL Bank as top stock picks for September 12, 2025. The stock market has shown positive momentum, with the Nifty and Bank Nifty indices experiencing significant gains. This upward trend is attributed to optimism surrounding India-US trade negotiations and a recent interest rate cut by the US Federal Reserve, which has bolstered investor confidence.
Nifty Index Performance
The Nifty index has extended its upward movement for the third consecutive week, driven by positive sentiment regarding trade talks between India and the United States. Officials from both nations have described the latest discussions as “constructive,” raising hopes for a favorable trade agreement. This optimism has encouraged investors, who view stronger trade relations as beneficial for economic growth and corporate earnings. The Nifty has retraced 38.2% of its previous 12-week rally, indicating overall strength in the market. A bullish crossover has occurred, with the 20-day Exponential Moving Average (EMA) surpassing the 50-day EMA, signaling a potential strengthening of upward momentum. As long as this trend continues, the near-term outlook remains positive. However, a recent 1,000-point surge in the index has pushed daily stochastic oscillators into overbought territory, suggesting that some consolidation within the range of 25,550 to 25,100 may be necessary in the upcoming week. Following this consolidation, the index is expected to resume its primary uptrend, potentially reaching levels around 25,900 in the coming months.
Bank Nifty Trends
The Bank Nifty has also experienced a robust upward movement, reflecting improving investor sentiment amid favorable geopolitical and macroeconomic signals. The US Federal Reserve’s recent decision to lower interest rates by 0.25% for the first time in nine months has contributed to this positive sentiment. The Bank Nifty has gained over 2,000 points in the last three weeks, retracing 61.8% of its previous decline. However, similar to the Nifty, the daily stochastic oscillator for the Bank Nifty has approached overbought territory, indicating that some consolidation may be necessary within the range of 56,000 to 54,800. Once this consolidation phase is complete, the index is expected to continue its primary uptrend, with a target of 56,700 in the coming months. Immediate support is positioned at 54,800, while key support is identified at 54,000, which aligns with last week’s low and significant retracement levels.
Stock Recommendations
Bajaj Broking Research has identified Bharat Electronics (BEL) and RBL Bank as key stock recommendations. For Bharat Electronics, investors are advised to buy within the range of Rs 405.00 to Rs 413.00, with a target price of Rs 467, representing a potential return of 14% over six months. The stock has shown a consistent higher-high, higher-low formation, reinforcing its primary uptrend. BEL has recently broken above a falling trendline resistance and is expected to continue its upward trajectory towards the Fibonacci price extension target of Rs 467.
For RBL Bank, the recommendation is to buy within the range of Rs 267 to Rs 273, with a target price of Rs 296, indicating a potential return of 10% within one month. The stock is forming a solid base at the 20-day EMA, signaling strength and the likelihood of continued upward movement. The daily RSI is on the verge of a bullish crossover, further validating the positive outlook for RBL Bank.
Market Outlook
Overall, the stock market is exhibiting a positive structure, with both Nifty and Bank Nifty showing signs of strength. Investors are encouraged to view any dips as buying opportunities, particularly in quality large and midcap stocks. Immediate support levels for the Nifty are set at 25,100 to 24,900, while short-term support is identified at 24,700 to 24,600. The market’s current trajectory suggests that as long as the indices maintain their upward momentum, the outlook remains constructive for investors.
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