Nifty outlook: Analyst sees buy-on-dips opportunity; Aequs, Aditya Vision among stocks to watch
Speaking to Business Today Television (BTTV), the market analyst said traders should maintain a stop-loss at 22,350 on a closing basis.
- Oct 5, 2026,
- Updated Oct 5, 2026 5:53 PM IST
Benchmark Nifty50 has bounced from around 22,350 level, which is a key level for short-term traders, according to Varun N Joshi, founder of Nirivantes Research. The market analyst also identified Aequs Ltd and Aditya Vision Ltd as stocks to watch.
Speaking to Business Today Television (BTTV), Joshi said traders should maintain a stop-loss at 22,350 on a closing basis.
He advised traders to consider a buy-on-dips approach. According to Joshi, if Nifty comes around 22,500 in the next session, the 22,450-22,500 range could act as a buying zone.
On the higher side, he identified 22,750-22,800 as a key zone where selling could emerge. For traders looking to short the index, he termed this range an ideal zone and suggested a stop-loss at 23,050.
On Nifty Bank, Joshi said rate-sensitive stocks could underperform or consolidate until the Reserve Bank of India's (RBI's) monetary policy decision.
He said the market appeared to be pricing in a 25-basis-point move. "The most important thing will be the RBI and the government's commentary. If the stance remains more hawkish and the possibility of a rate hike increases, there could be selling in Nifty Bank, which could ultimately lead to a breakdown in the Nifty as well," Joshi said.
He advised traders to wait and watch and avoid taking aggressive positions. According to Joshi, traders should focus on the range, buying at lower levels with a stop-loss and considering selling at higher levels.
Aequs
Among individual stocks, Joshi highlighted Aequs. He said the stock had been consolidating around Rs 280-284 and was up around 4 per cent during Monday's session.
According to Joshi, Aequs had earlier attempted to break out of the Rs 270-274 zone around three times, but declined from those levels. He said the stock has now received breakout confirmation after closing above Rs 270 for three consecutive sessions.
Joshi suggested a stop-loss at Rs 245 and a target of Rs 325 for Aequs.
Aditya Vision
Joshi also identified Aditya Vision Ltd (AVL). He said the stock had formed a bullish engulfing pattern on the daily chart with good volume and had bounced from support around Rs 570.
Joshi said there was a base formation in the stock and that it could move towards Rs 640.
Benchmark Nifty50 has bounced from around 22,350 level, which is a key level for short-term traders, according to Varun N Joshi, founder of Nirivantes Research. The market analyst also identified Aequs Ltd and Aditya Vision Ltd as stocks to watch.
Speaking to Business Today Television (BTTV), Joshi said traders should maintain a stop-loss at 22,350 on a closing basis.
He advised traders to consider a buy-on-dips approach. According to Joshi, if Nifty comes around 22,500 in the next session, the 22,450-22,500 range could act as a buying zone.
On the higher side, he identified 22,750-22,800 as a key zone where selling could emerge. For traders looking to short the index, he termed this range an ideal zone and suggested a stop-loss at 23,050.
On Nifty Bank, Joshi said rate-sensitive stocks could underperform or consolidate until the Reserve Bank of India's (RBI's) monetary policy decision.
He said the market appeared to be pricing in a 25-basis-point move. "The most important thing will be the RBI and the government's commentary. If the stance remains more hawkish and the possibility of a rate hike increases, there could be selling in Nifty Bank, which could ultimately lead to a breakdown in the Nifty as well," Joshi said.
He advised traders to wait and watch and avoid taking aggressive positions. According to Joshi, traders should focus on the range, buying at lower levels with a stop-loss and considering selling at higher levels.
Aequs
Among individual stocks, Joshi highlighted Aequs. He said the stock had been consolidating around Rs 280-284 and was up around 4 per cent during Monday's session.
According to Joshi, Aequs had earlier attempted to break out of the Rs 270-274 zone around three times, but declined from those levels. He said the stock has now received breakout confirmation after closing above Rs 270 for three consecutive sessions.
Joshi suggested a stop-loss at Rs 245 and a target of Rs 325 for Aequs.
Aditya Vision
Joshi also identified Aditya Vision Ltd (AVL). He said the stock had formed a bullish engulfing pattern on the daily chart with good volume and had bounced from support around Rs 570.
Joshi said there was a base formation in the stock and that it could move towards Rs 640.