Top stock exchange recommendations: According to Aakash K Hindocha, Associate Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Bikaji, Voltas and Torrent Power. Here is his take on Nifty, Bank Nifty and top stock picks for October 16, 2025.Index view: NiftyAfter 2 days in the red, Nifty is back in the green, covering up the losses of the last 2 days – it closed at the 4-week high. The current leg opens for a short-term uptrend to 25450, with buying now opening on a decline near 25250. Support can be traced to 25050 on the Nifty spot, while a major short covering move opens once the index closes above 25500 on a weekly closing basis.Bank NiftyBank Nifty has reached its target of 56650 that we highlighted last week as the index gained momentum on Friday after forming an inside bar in the previous session. Bank Nifty continues to be seen as a buy candidate on a decline for the short-term target of 57250.BIKAJI (BUY):
- LCP: 732.35
- SL: 713
- TGT: 790
The stock has refused to fall below its 200-day moving average in recent trading, suggesting there are buyers below. The surge in volume in the final 30 minutes of yesterday’s trading points to early signs of a trend reversal, as the trendline breakout last month acted as a tailwind for it. Goal: opening soon near the 800 mark.VOLTAS (BUY):
- LCP: 1421
- SL: 1365
- TGT: 1530
Voltas has been forming an inverted head and shoulders pattern on the weekly charts since February 2025. On the hourly and daily charts, the stock has just broken out of a bullish flag formation, indicating early signs of an interlocking breakout and a potential break above the IH&S neckline. Additionally, holding above the 200-day moving average also allows short coverage to develop on the counter.TORNTPOWER (BUY):
- LCP: 1309
- SL: 1270
- TGT: 1390
For Torrent Power stock, a 6-month breakout of the descending trend line is seen as a follow-on move after the removal of the original corrective trend line last month, which has been in place since October 2024. The reversal from the previous support of the March 2025 lows and this double trendline breakout confirm that the short-term forward trend has now shifted higher to retest its 200-dma near the 1380/1390 level.(Disclaimer: Expert recommendations and views on the stock market and other asset classes are their own. These opinions do not reflect the views of The Times of India.)
