Bajaj Broking Research Names NBCC, Sagility as Top Stock Picks for October 31, 2025; Nifty and Bank Nifty Outlook Bullish Amid Consolidation

Bajaj Broking Research has released its top stock recommendations and market outlook for October 31, 2025. The firm has selected NBCC (India) Limited and Sagility Limited as preferred investment choices.

For the broader market, the Nifty has been trading in a range-bound manner, experiencing consolidation after a recent rally. This period is viewed as a healthy time-wise correction, allowing the market to digest gains before its next move. Technical indicators suggest that a sustained trade above 26,100 could fuel further upside towards 26,500. The overall market trend maintains a bullish bias.

The Bank Nifty also exhibits a bullish structure, with potential for further gains if it surpasses 58,577. Key support levels are identified around 57,300–57,500 and 56,800–56,500, with pullbacks seen as buying opportunities.

Regarding specific stocks:

**NBCC (India) Limited** is recommended for purchase within the Rs 116.00-119.00 range, with a target of Rs 129 and a stop loss of Rs 108, aiming for a 10% return in one month. The stock has shown a breakout above its falling trendline and is forming higher highs and lows.

**Sagility Limited** is advised to be bought in the Rs 54.00-55.00 range, with a target of Rs 62, projecting a 14% return over six months. The stock is displaying a sustained bullish structure and has broken out of a descending triangle pattern.

Impact: This report directly influences investor sentiment and potential trading decisions for the recommended stocks and the broader Indian market. The detailed technical analysis provides actionable insights for traders and investors. Rating: 8/10

Difficult Terms:

* **Range-bound**: When a stock or index moves within a specific price range without making significant new highs or lows. * **Consolidation**: A period where a stock or index trades within a narrow price range after a significant move, often indicating a pause before the next trend. * **Time-wise correction**: When a market consolidates its gains over time rather than through a sharp price decline. * **Bullish momentum**: A strong upward movement in price driven by buying interest. * **Decisive breakout**: When a stock's price moves significantly above a resistance level or below a support level, indicating a potential start of a new trend. * **Bullish bias**: A general tendency or expectation for prices to rise. * **Retracement**: A temporary dip in price during an uptrend or a temporary rise during a downtrend. * **Staggered accumulation**: Buying an asset gradually over time at different price points, rather than investing a lump sum at once. * **EMA (Exponential Moving Average)**: A type of moving average that places a greater weight and significance on the most recent data points. * **Fibonacci projection/extension**: Technical analysis tools based on Fibonacci numbers used to predict potential price targets. * **RSI (Relative Strength Index)**: A momentum indicator used in technical analysis to evaluate overbought or oversold conditions. * **Bearish divergence**: Occurs when a security makes higher highs, but its RSI makes lower highs, suggesting weakening upward momentum.