Centrum’s Nilesh Jain reveals top technical picks and market strategy for Diwali 2025, highlighting bullish momentum in Auto, Banking, and select large-cap stocks.
Samvat 2081: A Mixed Year With Bright Spots
Samvat 2081 was marked by divergent sectoral performance. While Nifty remained in a time-wise consolidation, the Bank Nifty outperformed due to robust institutional flows and sector resilience.
- IT and FMCG lagged due to earnings disappointments.
- FII selling pressure weighed on broader sentiment.
- However, banking and auto sectors showed relative strength, setting the stage for an optimistic Samvat 2082.
Market Outlook: Nifty and Bank Nifty Poised for Upside
Nilesh Jain believes the market has bottomed out and expects a bullish breakout in the upcoming Samvat year.
- Nifty holds firm above the 200-DMA (24,230), maintaining a higher-top, higher-bottom structure.
- A target of 28,500 is forecasted as technical indicators and FII short-covering suggest strength.
- Bank Nifty has already broken out from an inverse Head and Shoulders pattern and could surpass 60,000.
- The Bank Nifty/Nifty ratio suggests continued outperformance, with room to rise towards 2.45 levels.
Top 4 Muhurat Trading Picks to Generate Alpha in Samvat 2082
1. Bharat Electronics (BEL)
- Breakout from a triangle pattern on daily charts.
- Trading above short- and long-term moving averages.
- High volumes reinforce bullish momentum.
- Upside Target: ₹500
- Support: ₹369
2. Bajaj Auto
- Formed a strong base, with a golden crossover (50-DMA above 200-DMA).
- Indicators show buy signals on daily and weekly charts.
- Strong support at ₹8,250.
- Upside Target: ₹11,000
- Support: ₹8,250
3. Adani Ports and SEZ
- Bounced off 50-DMA (₹1,375) with volume confirmation.
- Approaching breakout above falling trendline.
- Long build-up in derivatives signals positive sentiment.
- Upside Target: ₹1,650
- Support: ₹1,391
4. Tata Consumer Products
- Weekly chart breakout from symmetrical triangle.
- Forming a higher-top, higher-bottom structure.
- Strong base at ₹1,050.
- Upside Target: ₹1,300
- Support: ₹1,095
Strong Sectoral Bets for Samvat 2082
Auto Sector
- The Nifty Auto index broke out after a year-long consolidation.
- Momentum suggests a move towards 30,000, with support at 25,600.
- Driven by cyclical demand, EV play, and rising exports.
Realty Sector
- Showing signs of trend reversal after underperformance.
- A breakout above 950 on the Nifty Realty index can signal strength.
- Targeting a rally towards 1,050, with a strong base near 850.
Bharti Airtel: Telecom Sector Star Performer
Bharti Airtel continues its secular uptrend, respecting a rising trendline and posting fresh record highs.
- Trades well above all major moving averages.
- Upside Target: ₹2,551
- Key Support: ₹1,800 (200-DMA)
- Remains a top positional pick in telecom for Samvat 2082.
Muhurat Trading Strategy: Quality over Hype
For Muhurat trading, Jain recommends focusing on quality large-cap stocks in Auto, Banking, Capital Goods, and Realty—sectors primed for the next leg of the rally. With long-term charts showing positive momentum, the strategy is to ride the breakout with discipline, sticking to strong technical setups.
