SBI Securities’ Sudeep Shah picks M&M, Bharti Airtel, Paytm, Godrej Properties, and Titan for long-term growth, while banking sector leadership and gold resilience offer dual investment themes.
Muhurat Trading Strategy: Quality Large-Caps for Samvat 2082
As we step into Samvat 2082, Sudeep Shah, Head of Technical Research at SBI Securities, recommends building a balanced portfolio of large-cap leaders with strong technical and fundamental profiles. His top 5 picks are geared toward sectoral leadership, breakout momentum, and long-term resilience.
🔹 1. Mahindra & Mahindra (M&M)
- Breakout above a long-standing resistance zone of ₹3,250–3,300
- Riding the tailwind from GST cuts and sustained auto demand
- Trading above all key moving averages, indicating technical strength
- Buy Range: ₹3,600–3,650
- Stop-loss: ₹3,400
- Target: ₹4,200
M&M’s bullish momentum is likely to be sustained, backed by strong domestic demand and policy support for rural and EV sectors.
🔹 2. Bharti Airtel
- Consistently rebounds from its 20-week EMA
- Recent breakout above ₹1,980 confirms fresh buying interest
- Higher-high, higher-low pattern signals trend continuation
- Buy Range: ₹2,000–2,020
- Stop-loss: ₹1,900
- Target: ₹2,300
With its steady revenue growth, leadership in 5G, and improving ARPU, Bharti Airtel is well-positioned for compounding returns.
🔹 3. Godrej Properties
- Broke out of a Rs 1,930–2,160 consolidation range on strong volumes
- Sectoral tailwinds from the revival in real estate
- Attractive breakout candidate in the realty leadership theme
- Buy Range: ₹2,210–2,240
- Stop-loss: ₹2,100
- Target: ₹2,550
As urban housing and commercial real estate rebound, GPL’s strategic land bank and execution strength could drive upside.
🔹 4. Titan Company
- Forming a double-bottom pattern near its 50-week EMA
- A strong Diwali and wedding season bodes well for jewellery sales
- Set for a breakout continuation after key support hold
- Buy Range: ₹3,640–3,680
- Stop-loss: ₹3,480
- Target: ₹4,200
Titan remains a go-to consumer brand in discretionary retail, with strong festive sales and luxury demand supporting price action.
🔹 5. One 97 Communications (Paytm)
- Broke out of a year-long resistance zone at ₹1,000–1,050
- Hugging the upper Bollinger Band—a bullish sign
- Riding on Fintech expansion, merchant growth, and credit vertical momentum
- Buy Range: ₹1,270–1,290
- Stop-loss: ₹1,210
- Target: ₹1,450
Despite past volatility, Paytm’s operational turnaround and growth in loan disbursals make it a promising digital play.
Nifty Outlook: Eyes on 27,000 in Samvat 2082
While some are eyeing levels like 29,000–30,000, Shah believes a more realistic upside target for Nifty 50 is 27,000, supported by:
- A Symmetrical Triangle breakout on daily charts
- Momentum indicators like RSI and MACD confirming the rally
- Strong sectoral support from Bank Nifty, which has already hit new highs
“Short-term consolidations should be used to accumulate quality stocks—not to panic sell,” Shah advises.
Sector Watch: Bank Nifty Leads the Charge
Banking remains the standout theme heading into the new Samvat:
- Bank Nifty is outperforming Nifty 50 and is in uncharted territory
- Key support zone: 57,000–57,100
- Immediate targets: 58,500 and 59,000
The rally is being driven by both PSU and private banks, with improving credit growth, asset quality, and profitability metrics.
Contra Bets for Samvat 2082
Beyond the obvious winners, Shah sees scope in:
- Private Banks & Financial Services
- Automobile (especially EV and rural-facing OEMs)
- Infrastructure & Realty
- Pharma and Healthcare (recovering from past underperformance)
“These sectors show bullish patterns and improving momentum—ideal for medium-term portfolios,” says Shah.
Gold Still Shines: A Cautious Bullish View
Gold is likely to remain a safe-haven asset well into 2026:
- Global uncertainties and central bank buying keep sentiment bullish
- Festive and wedding demand in India supports local prices
- The Sensex-to-Gold ratio indicates relative strength in bullion
“This is not fear-led buying but a soft rotation toward safety,” notes Shah, urging investors to diversify with gold while keeping room for equity deployment.
