Nifty index opened positive and exhibited persistent buying interest throughout the day, surpassing the psychological 25,000 barrier to inch towards 25,100 levels. It has rallied approximately 500 points over the last three sessions, with sustained strength confirming a bullish undertone. On the daily chart, Nifty has formed a bullish candle and been consistently making higher highs and higher lows during this period.
For further upside, it is crucial for Nifty to hold above the 25,000 zone. If sustained, the index could move towards 25,200 and then 25,350 levels. On the downside, supports are placed at 24,900 and 24,850 zones.
**Option Front Overview:**
Maximum Call Open Interest (OI) stands at 25,100 followed by 25,200 strike prices, while Maximum Put OI is observed at 25,000 and 24,900 strikes. Call writing activity has been seen at 25,100 and 25,200 strikes, whereas Put writing is prominent at 25,000 and 25,050 strikes. Option data suggests a broad trading range between 24,600 and 25,600, with an immediate range expected between 24,900 and 25,300 levels.
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The S&P BSE Sensex opened on a positive note and moved steadily higher throughout the day. Every intraday dip was quickly absorbed, reflecting strong buying interest at lower levels. The index has been forming a pattern of higher tops and higher bottoms over the last three sessions. On the daily chart, Sensex formed a strong bullish candle, signalling accumulation at every level. The index eventually closed with gains of around 580 points.
To maintain momentum, Sensex needs to hold above the 81,500 zone for an up move towards 82,100 and then 82,300 levels. On the downside, support is rising steadily at 81,500 and 81,200 levels.
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Bank Nifty opened with a gap up near 55,850 and gradually extended momentum towards 56,164 in the first half of the session. It later consolidated between 56,000 and 56,150 levels, maintaining a positive bias as buying interest was evident at lower levels. Bank Nifty formed a bullish candle on the daily chart and gave a range breakout above the 56,000 zone, with notable buying in selective private banks.
Going forward, Bank Nifty needs to hold above 56,000 for an up move towards 56,250 and 56,500 levels. Supports are seen at 56,000 and 55,750 respectively.
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Nifty futures closed positive, gaining 0.70% to settle at 25,181 levels. Positive momentum was observed in stocks like Fortis, Nykaa, Delhivery, BSE, Paytm, Shriram Finance, Siemens, AU Bank, SBI Card, and Apollo Hospitals. On the other hand, weakness was seen in IREDA, SAIL, Dmart, HFCL, Lupin, Crompton, Torrent Power, Adani Ports, HUDCO, Biocon, and MRPL.
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### Technical Call of the Day: MRPL
MRPL has found strong support near its 200-week EMA, with multiple supports around this zone. The stock appears to be forming a Cup and Handle (CNH) pattern, which indicates potential bullish continuation. A weekly close above Rs 165 will add further strength, targeting Rs 180-200.
The setup remains valid as long as MRPL holds above Rs 120 on a weekly closing basis, supported by a positive Super Trend indicator.
**Recommendation:**
– **Buy:** MRPL
– **CMP:** Rs 147.61
– **Stop Loss:** Rs 120.00
– **Target:** Rs 180.00
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### Top 5 Stocks to Watch on 7th October 2025
**1. Dilip Buildcon**
Dilip Buildcon Limited, through its JV (DBL 74% and APMPL 26%), has received the Letter of Acceptance (LOA) for the development of a 100 MW Grid-Connected Ground-Mounted Solar PV Power Project under Captive Mode. This project will supply power to Madhya Pradesh Jal Nigam for 25 years from commissioning. The order value stands at 100 MW at a power supply rate of Rs 2.09 per unit with Non-DCR panels.
**2. KRN Heat Exchanger**
The Board of Directors of KRN HVAC Products Pvt Ltd, a wholly owned subsidiary, approved the signing of a Business Transfer Agreement (BTA) with Sphere Refrigeration Systems Private Ltd (SRSPL). Under this agreement, KRN HVAC will acquire the Bus Air-Conditioning division business of SRSPL. Post-acquisition, this business will be transferred and operated under KRN HVAC. This move is expected to enhance the company’s revenues and profitability.
**3. LTIMindtree**
LTIMindtree announced a multi-year agreement with a leading global media and entertainment company. This partnership extends a long-standing relationship and marks LTIMindtree’s largest strategic deal to date. LTIMindtree will assist in digital transformation efforts to streamline operations, modernize delivery models, and incorporate automation, process optimization, and vendor consolidation to boost efficiency and service quality.
**4. Brigade Enterprises**
Brigade Enterprises has signed a Joint Development Agreement (JDA) for a premium residential project in West Chennai. The development spans 6.6 acres and has an estimated Gross Development Value (GDV) of Rs 1,000 crore. It aims to deliver a premium residential community catering to the city’s evolving urban lifestyle. Strategically situated on a major arterial corridor, the project offers seamless connectivity to Chennai’s industrial and peripheral business districts.
**5. Zydus Lifesciences**
Zydus Lifesciences has received the Notice of Compliance (NOC) from Health Canada for generic Liothyronine tablets in 5 mcg and 25 mcg strengths. Liothyronine, a synthetic form of the thyroid hormone T3, is primarily used to treat hypothyroidism. The tablets will be manufactured at Zydus’ Ahmedabad SEZ facility. Liothyronine tablets report annual sales of 10.9 million CAD in Canada (IQVIA MAT June 2025).
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*Disclaimer: The above information is for informational purposes only and should not be considered as investment advice. Please consult with a financial advisor before making any investment decisions.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-7-2025
