Nifty index opened negative and attempted a recovery in the first hour, bouncing up to the 25,330 zone. However, it failed to hold this level for the rest of the day and dipped towards the 25,150 mark. The index reflects a cautious approach after recent gains, which has capped the upside. It formed a small-bodied candle on the daily chart and closed with losses of nearly 120 points, closing near its lower band of the day. The index started forming lower highs and lower lows on the daily scale, but the major trend remains intact and positive.

To sustain an upward move, the Nifty must hold above the 25,200 zone, targeting 25,350 and then 25,500 zones. Conversely, a drop below 25,200 could lead to weakness toward 25,100 and then 25,000 zones.

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**Option Front Overview**
Maximum Call Open Interest (OI) is seen at the 25,300 and 25,500 strike prices, while Maximum Put OI is concentrated at 25,200 and 25,000 strikes. Call writing is noted at 25,300 and 25,250 strikes, whereas Put writing is observed at 25,200 and 25,150 strikes.

These option data suggest a broader trading range of 24,700 to 25,700 zones with an immediate expected range between 25,000 and 25,400 levels.

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**S&P BSE Sensex Performance**
The Sensex opened on a negative note but quickly moved higher from 82,200 to 82,600 zones. It then traded within a tight 200-point range but failed to surpass 82,600 and slipped back below 82,200. On the daily chart, it formed a small-bodied candle with a long upper shadow, highlighting selling pressure at higher levels. The index closed with losses of around 470 points.

For the coming days, holding above the 82,000 zone is crucial to enable strength towards 82,500 and then 82,800. Support levels are placed at 82,000 and 81,700 zones.

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**Bank Nifty Overview**
Bank Nifty opened marginally lower near 55,350 but quickly recovered to extend momentum towards 55,650 in the first half of the session. However, it failed to sustain the higher zone and gradually drifted lower towards 55,200 by session end.

On the daily chart, it formed a small bearish candle with a long upper shadow, indicating selling pressure at higher levels. The rate-sensitive index is still hovering above its 10-day exponential moving average (10 DEMA).

For an upward move, Bank Nifty needs to hold above 55,250 targeting 55,750 and then 56,000. On the downside, supports are at 55,000 and 54,750 levels.

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**Nifty Futures and Stock Picks**
Nifty futures closed negative with losses of 0.53%, settling at 25,276 levels.

**Stocks showing positive setups:**
– Adani Green Energy
– Adani Energy Solution
– HUDCO
– Adani Enterprise
– NBCC
– Muthoot Finance
– Naukri
– Manappuram Finance
– Ambuja Cement
– Polycab

**Stocks showing weakness:**
– Coforge
– Mphasis
– KFin Tech
– Cyient
– Tata Technologies
– Voltas
– Titan
– Trent
– TCS
– MGL
– BSE

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### Technical Call of the Day: Oberoi Realty
Oberoi Realty is currently trading marginally below its key moving averages, but the price structure shows encouraging signs. The stock is forming higher highs and higher lows, indicating a shift toward positive momentum. Additionally, a positive RSI divergence supports potential upside, strengthening the bullish outlook.

**Technical details:**
– **Buy at**: ₹1,673.90
– **Stop Loss**: ₹1,615.00
– **Target**: ₹1,770.00

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### Top 5 Stocks to Watch on 23rd September 2025

**1. Brigade Enterprises:**
Brigade Group has signed a Joint Development Agreement to develop a residential project in Banashankari, 5th Stage, South Bengaluru. The project will span 7.5 acres and aims to deliver thoughtfully designed, high-quality residential spaces. With a gross development value (GDV) of approximately ₹1,200 crore, this project reinforces Brigade’s commitment to creating premium urban living experiences in Bengaluru’s high-growth corridors.

**2. KEC International:**
KEC International Ltd. has secured new orders worth ₹3,243 crore for Transmission & Distribution (T&D) projects. This includes 400 kV transmission lines in the United Arab Emirates (UAE) and supply of towers, hardware, and poles in the Americas. This order strengthens KEC’s presence in the Middle East and significantly expands its international T&D order book. The Middle East remains a strategic growth driver for the company. Year-to-date order intake stands at approximately ₹11,700 crore.

**3. RVNL:**
Rail Vikas Nigam Limited (RVNL) emerged as the lowest bidder (L1) for a Southern Railway project involving the design, supply, erection, testing, and commissioning of traction substations (Scott-Connected) with associated power quality equipment, switching posts, SCADA, and automatic fault locator systems on the Jolarpettai Junction to Salem Junction section. The order size is ₹145 crore and is to be executed within 540 days.

**4. KFin Technologies:**
In response to circulating rumors that General Atlantic plans to sell 10-15% of its stake in KFin Technologies at a 5-8% discount to market price, the company has issued a clarification. They categorically deny the rumors, stating the information is inaccurate. The General Atlantic group, a promoter and promoter group stakeholder, has not indicated any intention to sell its stake to the management or Board of Directors.

**5. Dr. Reddy’s Laboratories:**
Dr. Reddy’s Laboratories and its subsidiaries announced that the European Medicines Agency’s Committee for Medicinal Products for Human Use (EMA CHMP) has given a positive opinion recommending marketing authorization for AVT03, a biosimilar of Prolia® and Xgeva®. Prolia® is used for treating osteoporosis and bone loss caused by menopause, prostate cancer therapy, or long-term glucocorticoid use. Xgeva® is prescribed to prevent bone complications in advanced cancer and treat giant cell tumors of bone in adults and adolescents. This approval paves the way for AVT03’s launch in European markets.

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*Stay tuned for more market updates and technical analysis.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-23rd-sept-2025