Market Pulse: Top Trading Picks for September 29 After Volatile Week

Following a turbulent week that saw the Nifty 50 dip by 1 percent on September 26, traders are eyeing a potential bounce-back. With over 2,300 stocks facing selling pressure, sustainability of any recovery remains key. Here’s how experts suggest trading some spotlight stocks on September 29.

1. Ashok Leyland (CMP: Rs 141.93)  
- In a strong uptrend across all time frames  
- Weekly breakout above Rs 134 confirms a rounding bottom pattern  
- Supported by rising volumes and bullish RSI indicators  
- Strategy: Buy  
- Target: Rs 150 and Rs 157  
- Stop-loss: Rs 135  

2. Minda Corporation (CMP: Rs 571.30)  
- Broke past weekly trendline resistance at Rs 562  
- Strong volume surge signals uptrend resumption  
- RSI across timeframes shows increasing strength  
- Strategy: Buy  
- Target: Rs 607 and Rs 640  
- Stop-loss: Rs 555  

3. Larsen & Toubro (CMP: Rs 3,730)  
- Surpassed multi-month resistance at Rs 3,700  
- Breakout backed by heavy volumes  
- Strategy: Buy  
- Target: Rs 3,850 and Rs 3,950  
- Stop-loss: Rs 3,670  

4. NTPC, Lumax Auto Tech, Aditya Vision  
- NTPC remains range-bound; wait for breakout above Rs 265  
- Lumax Auto Tech shows bullish momentum; watch Rs 395 level  
- Aditya Vision consolidating; potential upside above Rs 1,800  

Traders are advised to monitor volume trends and RSI indicators closely before entering positions.

Sources: Moneycontrol, Axis Securities, Economic Times