The Indian equity markets witnessed healthy buying across segments as investor sentiment was buoyed by ongoing US-China talks. According to reports from Mint, the Sensex closed 790 points, or 1.06%, higher at 75,398.72, while the Nifty 50 ended at 23,689.60, up 277 points, or 1.18%. Market expert Raja Venkatraman from NeoTrader has recommended three stocks for trading on May 15, 2026, based on technical analysis and market conditions. As per Religare Broking's Ajit Mishra, the improvement in sentiment was supported by favourable global cues and easing concerns over immediate geopolitical escalation following optimism surrounding ongoing discussions between the US and Chinese leadership regarding the broader Middle East situation.
Nippon Life India Asset Management Ltd (NAM-INDIA) is recommended at a current market price of ₹1,093 with a target price of ₹1,185 over two months. As reported by Mint, the stock has shown strong breakout above resistance zones around ₹1,000 after spending sufficient time adapting to market conditions since October 2025. The stock has a P/E ratio of 46.55 and 52-week high of ₹1,117.90 with volume of 1.31 million. Technical analysis shows support at ₹991 and resistance at ₹1,225.
Zydus Lifesciences Ltd is recommended at ₹991.70 with a target price of ₹1,090 over two months. According to Mint, the pharmaceutical company has shown strong breakout on volumes after consolidation for six months, with a P/E ratio of 21.45 and 52-week high of ₹1,059.05 on volume of 4.6 million. Technical analysis indicates support at ₹470 and resistance at ₹598.
Berger Paints India Ltd is recommended at ₹533.90 with a target price of ₹590 over two months. As reported by Mint, the paint manufacturer has shown robust volumes post Q4 results and brokerage upgrades despite uncertain market conditions. The stock has a P/E ratio of 56.76 and 52-week high of ₹604.60 on volume of 4.29 million. Technical analysis shows support at ₹500 and resistance at ₹625.
According to Mint, the recent decline tested below the lower end of the channel, creating pressure on overall trends. The steady recovery from lower levels, combined with cloud support and Kijun Sen line, is assisting the Nifty rebound. As per Religare Broking's Ajit Mishra, the Nifty is witnessing a relief rebound after the recent slide, with the earlier support zone of 23,800–23,900 acting as a key resistance hurdle. On the downside, immediate support has shifted to 23,500, while the major support remains intact near 23,150. The overall structure still suggests a sell-on-rise bias unless the index decisively surpasses the resistance band, with the analysis suggesting that Nifty needs to move above 23,500 for short positions.
