Trade setup for Nifty 50, US Fed meeting to gold, silver prices - 8 stocks to buy

By Admin

29 Oct, 2025

he Indian stock market ended nearly flat on Tuesday as investors took a cautious approach ahead of key global events. The Sensex slipped 150 points to close at 84,628, while the Nifty 50 fell 30 points to settle at 25,936. Despite early optimism, profit-taking and mixed global cues led to a mild decline. However, select sectors like metals, PSU banks, and real estate recorded gains, providing some stability amid foreign institutional selling.

Market Overview
The market opened lower following weak trends in Asian indices but recovered partially during the session before selling pressure emerged. The upcoming US Federal Open Market Committee (FOMC) interest rate decision and the monthly derivative expiry added to the volatility.
According to Abhinav Tiwari, Research Analyst at Bonanza, volatility may rise further with the FOMC policy outcome. While domestic institutional flows and government initiatives continue to support indices, foreign institutional selling and global uncertainties could restrict sharp upside moves.

Technical View on Nifty 50
As per Rupak De, Senior Technical Analyst at LKP Securities, Nifty experienced notable volatility during the monthly F&O expiry session. Despite the swings, the index continues to trade above its 21-EMA, keeping the broader outlook bullish.
The RSI indicator has moved into a bullish crossover and is currently in a strong momentum zone. In the near term, a rally beyond 26,000 could trigger fresh upside. Resistance is expected around 26,300, while support lies near 25,850.

Global Market Influences
Vinod Nair, Head of Research at Geojit Financial Services, highlighted that profit-booking and weak international cues weighed on sentiment. However, optimism in the Metals sector was fueled by China’s decision to curb steel overcapacity and the progress in US-China trade talks. Meanwhile, PSU banks outperformed following reports suggesting a potential increase in foreign investment limits.
Encouragingly, investor confidence remains intact, with buying at lower levels signaling a positive undertone. Improving global trade sentiment and expectations of robust domestic corporate earnings could further boost the market outlook.

Top 8 Stocks to Buy Today

Sumeet Bagadia’s Picks (Choice Broking)

1. Indian Bank

• Buy at: ₹853 | Target: ₹913 | Stoploss: ₹823
  Indian Bank continues its strong uptrend, forming higher highs and higher lows. The stock recently touched an all-time high of ₹855.4, supported by strong volumes. Traders can consider buying for short-term gains with strict risk management.
  
  

2. JSW Steel Ltd

• Buy at: ₹1,184 | Target: ₹1,268 | Stoploss: ₹1,142
  JSW Steel registered a fresh all-time high with strong volume breakout from a consolidation phase, indicating renewed investor interest. The momentum remains robust, and further upside toward ₹1,268 is likely.
  
  

Ganesh Dongre’s Picks (Anand Rathi)

3. FSN E-Commerce Ventures Ltd (Nykaa)

• Buy at: ₹258 | Target: ₹268 | Stoploss: ₹252
  Nykaa is displaying a strong bullish trend after forming support at ₹252. The technical setup favors a short-term up move toward ₹268, supported by consistent buying interest.
  
  

4. Fortis Healthcare Ltd

• Buy at: ₹1,060 | Target: ₹1,100 | Stoploss: ₹1,040
  Fortis Healthcare continues to show strength above its support zone, indicating potential for further rally toward ₹1,100. The price pattern supports a positive outlook for short-term traders.
  
  

5. Max Financial Services Ltd

• Buy at: ₹1,518 | Target: ₹1,570 | Stoploss: ₹1,480
  Max Financial maintains its bullish structure with firm support at ₹1,480. The stock has potential to move towards ₹1,570 amid renewed momentum and favorable technical indicators.
  
  

Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)

6. Jtekt India Ltd

• Buy at: ₹159.25 | Target: ₹170 | Stoploss: ₹156
  After correcting from ₹188, Jtekt India has stabilized and is regaining strength above its 50EMA level. RSI indicates a positive reversal, signaling potential upside toward ₹170.
  
  

7. Vaibhav Global Ltd

• Buy at: ₹239.90 | Target: ₹254 | Stoploss: ₹234
  Vaibhav Global shows a higher-bottom formation and has reclaimed its 200-day moving average, suggesting bullish continuation. RSI strength points to a likely move toward ₹254.
  
  

8. Laurus Labs Ltd

• Buy at: ₹959.65 | Target: ₹1,010 | Stoploss: ₹940
  Laurus Labs has broken above its recent peak after holding firm near its 50EMA support. The strong RSI and breakout signal potential for further upside toward ₹1,010.
  
  

Outlook Ahead
As the US Federal Reserve meeting and monthly expiry approach, traders should brace for heightened volatility. While the overall market structure remains bullish, risk management and selective stock picking will be crucial. Sectors such as metals, PSU banks, and real estate may continue to see buying interest, while global cues and FII activity could shape near-term market direction.

Disclaimer: The views and stock recommendations mentioned above are those of individual analysts and brokerage firms. Investors are advised to consult certified financial advisors before making any investment decisions.