Top stocks to buy: Recommendations for October 17 - check list

Stock marketplace recommendations: According to Bajaj Broking Research, the apical banal picks for October 17, 2025 are Reliance Industries, and Suzlon Energy. Here’s its presumption connected Nifty and Bank Nifty:Index View: NIFTYBenchmark indices extended their rally for the 3rd consecutive week driven by beardown planetary cues and encouraging concern updates from respective companies.

Positive commencement to the Q2FY26 earning sessions besides supported by affirmative momentum. Dovish remarks from the Fed Chair connected involvement rates and indications of a imaginable intermission successful quantitative tightening, which buoyed planetary hazard sentiment. Lower CPI and WPI information successful India besides boosted complaint chopped expectations successful India.Nifty traded successful a scope successful the archetypal 2 trading sessions of the week. However, it gained momentum arsenic the week progressed and rallied to 3 months precocious connected Thursday.

Index successful the process generated a breakout supra a falling proviso enactment joining the large highs of September 2024 and June 2025 signaling spot and continuation of the up move.On the smaller clip framework Nifty has generated a breakout supra the past 3 months symmetrical triangular consolidation signifier highlighting affirmative bias and immoderate dips should beryllium utilized arsenic a buying opportunity. We expect the scale to caput towards 25,900 and past towards 26,200 levels successful the coming weeks being the 123.6% and 138.2% outer retracement of the past 3 months' corrective diminution (25669-24338).

On the downside contiguous enactment is placed astatine 25350-25400 levels being the caller breakout country portion cardinal enactment is placed astatine 25100-25,000 levels being the existent week debased and 20- & 50-days EMA. Key Monitorables Going Forward:

NIFTY BANKBank Nifty continues to support a bullish operation connected the regular chart, forming a bid of higher highs and higher lows. The scale has besides witnessed a breakout from an inverse Head and Shoulders signifier — a beardown bullish reversal setup — reinforcing the affirmative trend.Bank Nifty continues to outperform the Nifty successful the existent limb of up move, with cardinal backstage banking dense weights Q2FY26 results lined up connected coming Saturday. It volition determine the adjacent directional trigger for the index.With prices holding supra cardinal moving averages, the near-term bias remains upward. The scale is apt to trial our people of 58,000, being the 161.8% outer retracement of the erstwhile up determination (53561-55835) arsenic projected from the caller trough of 54226.

Thursday's spread country of 56,700 volition enactment arsenic contiguous enactment for the index.The RSI (14) astatine 66 indicates steadfast momentum, suggesting spot successful the uptrend. Any dips should beryllium viewed arsenic buying opportunities wrong this constructive setup.

Stock Recommendations:

Reliance IndustriesBuy successful the scope of Rs 1380.00-1400

Reliance Industries' banal has undergone a corrective signifier implicit the past 3 months and is presently consolidating adjacent a important enactment zone.

This method setup offers a favorable risk-reward profile, positioning the banal for a imaginable bullish reversal and the adjacent limb of the uptrend.A cardinal method takeaway from the play illustration of Reliance Industries is the time-price relationship, wherever the banal has taken 13 weeks to retrace simply 50% of the preceding 13-week rally from ₹1115 to ₹1551. This shallow and time-consuming retracement reflects inherent spot and a bullish undertone.

The caller corrective signifier is interpreted arsenic a higher basal formation, mounting the signifier for the adjacent impulsive limb connected the upside.The ongoing corrective signifier appears to beryllium nearing exhaustion, with terms enactment indicating the imaginable for a caller bullish reversal. We expect the banal to resume its superior uptrend and retest the erstwhile plaything highs astir ₹1540 successful the upcoming quarters, which correspond to the cardinal absorption zones marked by the September 2024 and July 2025 peaks.Suzlon EnergyBuy successful the scope of Rs 53-55

Suzlon stands to beryllium a premier beneficiary of India’s renewable vigor expansion, with upwind capableness projected to emergence from 49.8 GW successful 2024 to 127.9 GW by 2033. The company’s enactment successful home manufacturing and a grounds steadfast orderbook of 5.7 GW arsenic of Q1 FY26 supply multi-year gross visibility and execution certainty. Recent marquee orders from Tata Power Renewable and Sunsure Energy reaffirm Suzlon’s beardown request pipeline, portion the dependable publication from its high-margin O&M concern adds stableness and predictable currency flows to its net profile.Further strengthening its strategical position, Suzlon’s acquisition of a 76% involvement successful Renom Energy Services unlocks entree to the ample non-Suzlon O&M market, enhancing standard and profitability done cross-selling and synergies. The company’s calibrated capex of ₹400–450 crore, with a beardown R&D focus, is acceptable to thrust innovation and operating leverage done efficient, export-ready turbine designs. Overall, Suzlon’s integrated model, improving borderline mix, and equilibrium of maturation and annuity revenues underpin a constructive semipermanent concern outlook.(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)