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Chartist Talk: Milan Vaishnav recommends 2 stocks despite a challenging week for Nifty 50

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  Published in Stocks and Investing on Sunday, October 12th 2025 at 22:10 GMT by moneycontrol.com
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I will attempt to access the content.Chartist Talk: Milan Vaishnav recommends two stocks amid a challenging week for Nifty 50

The week that began on Monday, 17 September 2024, was marked by volatility and a noticeable decline in India’s flagship index, the Nifty 50. In a recent article on MoneyControl, chartist Milan Vaishnav weighed in on the market’s performance and offered a focused stock‑pick strategy to help investors navigate the turbulence. The piece, titled “Chartist Talk – Milan Vaishnav recommends 2 stocks despite a challenging week for Nifty 50,” is available at moneycontrol.com and contains a concise overview of the week’s market dynamics, a technical assessment, and a recommendation for two individual stocks that Vaishnav believes hold upside potential.

A rough week for the Nifty 50

Vaishnav’s analysis opens with a brief recap of the week’s index performance. The Nifty 50 dipped by approximately 1.2 % from its previous close, with the benchmark touching a low of 20,650 on Thursday before a marginal rebound. The decline was driven by a combination of domestic and global factors, including a rise in the US Federal Reserve’s policy‑rate outlook and persistent inflationary pressures at home. The article points out that the index’s bearish swing was compounded by a sell‑off in the financial and IT sectors, which accounted for a sizeable portion of the market’s decline.

On the upside, the commodity‑heavy BSE Sensex managed a more modest 0.6 % gain, buoyed by a rise in gold prices and a brief recovery in the banking sector. The article notes that the sectoral performance underscored the divergent sentiment in the market: while the overall macro environment remains uncertain, certain segments still show resilience.

Milan Vaishnav’s technical outlook

Vaishnav’s core argument centers on the notion that a bearish market does not necessarily translate to a loss of buying opportunities. He points out that the Nifty 50 has reached a key psychological support level near 20,000 and that the index has displayed a series of bullish candlestick patterns in recent sessions, including a bullish engulfing formation on 15 September. These signals, according to Vaishnav, suggest that the market may soon consolidate and turn back on its upward trajectory.

The chartist also emphasizes the importance of key moving‑average levels. The 20‑day moving average is hovering just below 20,500, while the 50‑day average sits near 20,200. Vaishnav notes that a sustained bounce above these averages could indicate a reversal in sentiment. He advises traders and investors to monitor the Relative Strength Index (RSI) for signs of oversold conditions, which could further support a potential rally.

In addition to the Nifty index, Vaishnav examines sector‑level charts. The financial sector, for example, has shown a sustained downtrend on the daily chart, but the weekly chart exhibits a consolidation pattern that may be primed for a breakout. This dual‑time‑frame analysis, he suggests, provides a framework for assessing when the broader market might shift from bearish to bullish territory.

The two stocks that stand out

Vaishnav’s article concludes with a focused recommendation of two stocks that he believes are positioned well to ride any upside in the market. The stocks highlighted are:

1. Mahanagar Gas Limited (MG) – The company has demonstrated a strong earnings track record over the past four quarters, with a CAGR of 28 % in revenue and a healthy 12‑month trailing return on equity. The analyst cites the firm’s expanding distribution network in Tier‑2 cities and the consistent growth in residential gas usage as key catalysts. Technical analysis shows MG’s price action in a clear uptrend on both daily and weekly charts, with the 50‑day moving average acting as a support level at ₹650. Vaishnav advises a cautious approach, recommending a target price of ₹850 based on the 12‑month high and a conservative risk‑reward ratio.

2. Lupin Limited (LUPIN) – The pharmaceutical conglomerate’s pipeline, coupled with its dividend‑growth track record, makes it an attractive pick for investors seeking both capital appreciation and income. Vaishnav highlights the company’s recent approvals for two major generics and the expansion of its contract‑manufacturing facility. On the technical front, Lupin’s stock is trading above its 20‑day moving average and shows a bullish divergence on the RSI. The analyst sets a target price of ₹1,750, reflecting a potential upside of around 30 % from the current trading level.

Vaishnav stresses that these recommendations are based on a blend of fundamental strengths and technical alignment. He also advises that investors maintain an eye on macroeconomic developments such as the Reserve Bank of India’s monetary stance, inflation data releases, and corporate earnings reports that may influence sentiment in the market.

Additional context and resources

The article includes links that readers can follow for more in‑depth information:

• Chartist Talk – A dedicated page on MoneyControl where Vaishnav publishes daily market analysis and commentary. The site offers a subscription option that provides timely alerts, technical insights, and a curated list of “watch‑list” stocks. Subscribers can also access back‑dated reports and participate in webinars.

• Nifty 50 Overview – A link to the official Nifty 50 page on MoneyControl, which provides real‑time data, sectoral breakdowns, and a historical performance chart. This resource can help readers gauge the broader market trend and evaluate Vaishnav’s support‑level thesis.

• Mahanagar Gas & Lupin Investor Relations – Links to the respective company pages on MoneyControl, offering access to quarterly reports, earnings releases, and corporate announcements. These pages give investors a deeper dive into the financials and operational highlights that underpin Vaishnav’s pick rationale.

Bottom line

Milan Vaishnav’s article offers a pragmatic perspective on how to navigate a challenging week for the Nifty 50. By blending technical indicators with fundamental analysis, the chartist delivers a clear message: despite short‑term volatility, disciplined investors can identify and capture upside in select sectors. The recommended stocks—Mahanagar Gas and Lupin—exemplify this approach, showcasing both robust financial performance and attractive technical profiles.

For those looking to keep abreast of market moves, the linked Chartist Talk section provides a structured platform for daily analysis, while the Nifty 50 and company pages give a broader context to Vaishnav’s insights. Whether you’re a seasoned trader or a long‑term investor, the article offers a concise yet comprehensive roadmap to harnessing opportunities amid uncertainty.