Copyright © HT Digital Streams Limit all rights reserved. Ankush Bajaj 6 min Read 09 Oct 2025, 06:00 AMT Ankush Bajaj recommends three shares to buy on October 9. Summary market expert Ankush Bajaj recommends three shares to buy on October 9. Discover his exclusive choices and analysis to inform your investment strategy. Shares Market: Indian shares ended on Wednesday, October 8, with the benchmark indices clinging to their four-day finish line amid profit discussion before the start of the results of the September Quarter (Q2). The Sensex finished 153 points, or 0.19%, lower at 81,773.66, while the Nifty 50 closed at 25,046,15 with a loss of 62 points, or 0.25 percent. The BSE Midcap and smallcap indices underperformed and fell 0.74% and 0.42% respectively. Against this background, market expert Ankush Bajaj has released his top metal shares for investors who are looking for opportunities today, October 9. His analysis provides a clear roadmap to navigate the current market landscape with confidence. Top 3 Stock Choices by Ankush Bajaj for October 9 Buy: IIFL Finance Ltd -Current Price: £ 489.45 Why it is recommended: IIFL finance shows renewed power after a period of consolidation, with price action supported by improving momentum indicators. The daily RSI at 63.8 reflects bullish sentiment and steady upward prejudice. The MACD at +3.6 confirms a positive crossing, which reinforces the continuation of the trend, while the ADX indicates at 37.2 that the trend gradually strengthens. The stock regained the most important moving averages and was positioned for a potential exposition above the £ 500 level. MANY STATISTICS: RSI (14-DAE): 63.8-BULLISH MOMENTUM INTACT MACD (12,26): +3.6-positive crossing, confirm strength ADX (14): 37.2-a strong trend-building technical view: maintaining more than £ 483 will retain the bullish structure, and the potential for £ 503. Interest rate prospects and NBFC liquidity conditions. Broader volatility in the financial sector can affect the short -term price action. Buy at: £ 489.45 Stop loss: £ 483.00 Target Price: £ 503.00 Buy: Fortis Healthcare Ltd – Current Price: £ 1,055,35 Why It Is Recommended: Fortis Healthcare still shows a strong price behavior with momentum on the front. The RSI at 68.4 indicates a healthy bullish strength, while the MACD at +12.7 supports a positive bias with continued upward momentum. The ADX at 31.5 indicates an ongoing reinforcing trend, suggesting that follow -up prices could push prices higher. The stock maintained its upward channel and looks ready for an outline of the £ 1,095 zone. IMPORTANT STATISTICS: RSI (14-day): 68.4 bullish and strengthening of MACD (12,26): +12.7-positive alignment, which confirms the continuation of the trend ADX (14): 31.5 trend that receives strong technical view: sustaining above £ 1,095. Risk factors: Changes of healthcare policy and price regulations can affect the margins. The rotation of the defending sector can limit better performance in the short term. Buy at: £ 1,055,35 Stop Loss: £ 1,035,00 Target Price: £ 1,095.00 Buy: Bharat Petroleum Corp. LTD (BPCL) – Current price: £ 345.10 Why it is recommended: BPCL shows renewed buying interest to the consolidation of almost support levels. The RSI at 60.9 indicates a stable bullish momentum, while the MACD at +2.1 confirms the trend transport with a positive bias. The ADX at 39.4 reflects strongly underlying trend strength, which represents a space for further upside. The technical setup of the stock points to a possible continuation of £ 356, with a solid sectoral support of energy and refinement. IMPORTANT STATISTICS: RSI (14-day): 60.9-healthy bullish Momentum MACD (12,26): +2.1-positive crossing, trend intact ADX (14): 39.4-strong trend phase Technical view: Interview above £ 339 will keep the bullish momentum. Policy changes in fuel prices and subsidies structures can affect performance. Buy at: £ 345.10 Stop loss: £ 339.00 Target price: £ 356.00 How the market did the Indian markets on Wednesday, October 9, 2025, spent the entire session within a narrow range, reflecting the indecision among traders after recent volatility. The indices struggled to find clear direction and eventually slipped into the red, as profit discussion emerged in the latter half of the day. Despite multiple recovery efforts, the broader sentiment remained careful before the most important global clues. The Nifty 50 dropped 62.15 points or 0.25% to close at 25,046,15, while the Sensex dropped 153.09 points or 0.19% to sit down at 81,773,66. The Nifty Bank index also lost 221.10 points or 0.39% to finish at 56,018.25. Sectoral performance has muted with mixed trends generally. Realty was the only sector that managed to end slightly higher, by 0.06%. On the other hand, FMCG fell 0.53%, PSU banks decreased 0.41%, and metals weakened slightly by 0.28%, which dampened the total momentum. In stock -specific movements, Titan increased by 4.31%, Infosys rose by 2.50%and TCS advanced 1.80%, offering some pillow to the indices. However, Tata cars dropped by 2.36%, M&M fell 1.90%, and Jio finances lowered 1.69%, covering the pressure and covering any significant recovery attempt. Nifty Technical Outlook October 9 The Nifty 50 is now trading comfortably near its most important short-term average, with the 20-day moving average at 25.007 and the 40-day exponential movement average at 24.914, both act as firm support zones. On the daily chart, the RSI strengthened to 55, suggesting that the positive momentum is improved, while the MACD flies at -3 and is at the tip of a bullish crossover, indicating that downward pressure has largely relieved. Look at the full image (Source: Tradingview) An important technical development is visible on the hourly map, where the 20-hour moving average at 24,894 was crossed over the 40-hour moving average at 24.887. This positive crossing indicates a possible continuation of the upward trend. The hourly RSI jumped to 71, confirming a strong merchant momentum, while the hourly MACD became positive at +77, strengthening the short-term bullish bias. The alignment of moving averages, supported by improving momentum indicators, indicates that the index is preparing for a move beyond the resistance band of 25,000-25,100. Look at the complete image (Source: Tradingview) The derivative setup also paints a bullish picture. Total Put Open Interest -Retics stands at 24.06 crore, significantly higher than an open interest at 15.86 crore, resulting in a positive difference of +8.21 crore. The day’s OI change further supports the bullish case, with a well rising by 3.90 crore compared to a decrease of 83.78 lakh in Call OI, showing that traders aggressively add long positions through writing. The maximum pit OI and supplements are both concentrated on the 25,000 strike, confirming it as the immediate support base. On the other hand, the 25,100 and 25,200 strikes hold the highest call OI, which marks these levels as the following resistance zones. It is striking that the disconnection at higher strikes indicates that short cover can accelerate if the index persists above the 25,000 point. In general, the Nifty’s short -term structure has become decisive bullish. If you maintain more than 24,900–25,000, it is likely to open the road to 25,150–25.250, with the possibility of further upside down to 25,400 within the near term. To the disadvantage lies immediate support at 24,850, followed by a stronger base near 24.750. As long as these levels apply, the broader prejudice stays upwards, and any intraday dips are expected to attract renewed buying interest. With the 20-hour moving average intersection above the 40-hour and derivatives that become positive, the market shows signs of strength and may be ready for a sustained exposition above the 25,000 mark. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and NISM certification in no way guarantees the performance of the intermediary or gives any returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. 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