Sign in Subscribe
Diwali

Angel One's Diwali Muhurat 2025 Report: Top Picks for Up to 27% Upside

Strategic Insights

— 2 min read

Angel One's technical report for the Diwali season highlights a bullish outlook for the market, with five actionable 'Buy' ideas backed by chart-based setups and defined risk parameters. The report identifies top picks for up to 27% upside, led by Bank of Baroda and Syrma SGS, while maintaining a bullish stance on the broader market indices.

Key Takeaways:

  • Angel One identifies Bank of Baroda as its top PSU banking pick, with a target of Rs 340 and an expected upside of 26.7%.
  • The brokerage recommends buying Bank of Baroda in the Rs 265--268 range with a stop loss at Rs 229.
  • Angel One projects an upside of 14.2% for Larsen & Toubro, with a target price of Rs 4,300, based on a higher-top, higher-bottom formation and support from all key weekly moving averages.
  • Syrma SGS Technology is Angel One's highest-upside midcap recommendation, with a target of Rs 1,000 and an expected upside of 25.8%, based on a breakaway gap above a prior swing high, backed by strong volumes and a clean retest of the breakout zone.
  • Tata Consultancy Services has an expected upside of 14--17%, with a target range of Rs 3,500--3,600, based on a bullish divergence between price and the 14-period RSI and a historically low MACD histogram.
  • Angel One recommends buying Vedanta Ltd in the Rs 475--480 range, with a stop loss at Rs 415, based on a multi-timeframe breakout and a resumption of its primary uptrend.

Statistics:

  • The Nifty is currently around 25,227, having built a solid base at 22,000 and reclaimed 25,500 through a sharp V-shaped rebound.
  • The Bank Nifty looks stronger than the broader market, with a bullish "Inverse Head and Shoulders" pattern on its daily chart.
  • The Reserve Bank's steady policy on interest rates and liquidity has helped control inflation without hurting growth, a combination that keeps the banking sector in a strong position to lead the next market rally.
  • The 200-day moving average continues to support the trend, showing strength in the medium term, with the Bank Nifty expected to test 58,100--58,500 if it moves past its previous high of 57,630.
  • The total upside potential of the five picks is up to 26-27%, with Bank of Baroda and Syrma SGS expected to lead the rally.

Sources:

  • Angel One's Diwali Special Technical Report 2025
  • Bank of Baroda's financial reports
  • Larsen & Toubro's financial reports
  • Syrma SGS Technology's financial reports
  • Tata Consultancy Services' financial reports
  • Vedanta Ltd's financial reports
  • Reserve Bank of India's monetary policy reports

Read more