📈 Stock Market Outlook & Trading Ideas – 23rd October 2025
The Indian stock market opened on a positive note today, with the GIFT Nifty showing early strength above 22,850 levels, signaling a bullish sentiment across broader indices. IT and PSU stocks continue to lead the rally, while Auto and Metal sectors are witnessing mild consolidation.
Below is a detailed analysis of today’s trading opportunities based on portfolio performance and sector trends.
🔹 Market Overview
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Nifty Outlook: Bullish above 22,850; key resistance near 23,050.
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Sector Trend: IT and PSU banks showing strong buying interest; Metals and Auto facing mild profit booking.
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Investor Sentiment: Positive, supported by strong Q2 earnings and stable global cues.
💹 Top Stocks to Buy Today
🟢 Infosys (₹1,541.70 | +4.71%)
Infosys continues its strong uptrend supported by healthy quarterly earnings and positive global IT demand. Traders can look for short-term momentum with targets around ₹1,565–₹1,580.
Stop Loss: ₹1,525
Outlook: Bullish
🟢 HCL Tech (₹1,539.70 | +3.61%)
HCL Tech’s chart shows strong breakout continuation. The stock is supported by improving digital revenue growth and consistent dividend policy.
Buy on Dips: ₹1,525–₹1,530 range
Target: ₹1,580–₹1,600
🟢 ITC (₹418.80 | +1.44%)
ITC remains a defensive play with steady earnings and low volatility. It’s ideal for positional investors and dividend seekers.
Short-Term Target: ₹425
Support: ₹412
🟢 Tata Power (₹402.40 | +0.9%)
A steady performer in the renewable energy space, Tata Power is supported by strong project execution and sectoral demand.
Target: ₹407–₹412
Stop Loss: ₹398
🔻 Stocks to Book Profit / Sell
🔴 Tata Communications (₹1,886.10 | -1.52%)
After a strong rally, Tata Comm has entered a correction phase. It’s a good time to book partial profits (25–30%) and re-enter on dips near ₹1,820.
Resistance: ₹1,905
🔴 LG Balakrishnan (₹1,352.60 | -1.88%)
Facing near-term resistance at ₹1,370, the stock may consolidate before resuming uptrend. Booking partial profit is advisable.
🔴 Cummins India (₹4,063.70 | +1.57%)
Despite recent strength, Cummins is trading near its peak valuations. Short-term traders may consider booking profits above ₹4,050.
⚠️ Stocks to Hold / Avoid for Now
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Suzlon Energy (₹54.86 | -7.57%) – Negative momentum; avoid averaging until reversal confirmation.
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S H Kelkar (₹227.00 | -10.12%) – Weak trend; stay cautious.
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JBM Auto (₹657.90 | -10.7%) – Downtrend persists; avoid fresh entries.
🧠 Technical Summary
| Index / Sector | Trend | Key Level |
|---|---|---|
| Nifty 50 | Bullish | Above 22,850 |
| Bank Nifty | Neutral | Support at 47,850 |
| IT Sector | Strong | Accumulate on dips |
| Metal Sector | Weak | Avoid new positions |
| Auto Sector | Mild Correction | Hold long-term |
📊 Intraday Trading Recommendations
| Stock | Action | Entry | Target | Stop Loss |
|---|---|---|---|---|
| Infosys | Buy | ₹1,540 | ₹1,565 | ₹1,525 |
| ITC | Buy | ₹418 | ₹425 | ₹414 |
| Tata Power | Buy | ₹402 | ₹407 | ₹398 |
| Tata Comm | Sell | ₹1,885 | ₹1,850 | ₹1,905 |
💬 Expert View
Overall, the market sentiment remains positive, backed by solid quarterly earnings and consistent foreign inflows. Traders should maintain a buy-on-dips strategy in the IT and PSU segments, while being selective in Metals and Auto.
Short-term traders can focus on Infosys, ITC, and Tata Power for quick intraday gains, while positional investors may continue holding large-cap blue chips like SBI, Reliance, and NTPC.
🧾 Disclaimer
This article is for educational and informational purposes only. It does not constitute financial or investment advice. Please consult your registered financial advisor before making any investment or trading decisions.
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