The Nifty 50 has risen about 0.40% to reclaim the 23,360 mark in intraday trade on Friday, 18 September, marking the third consecutive session in green. According to reports from Mint, the market is performing positively even as major global central banks including the European Central Bank (ECB), US Federal Reserve, and Bank of Japan (BoJ) have raised interest rates this month, driven by concerns about rising inflation from elevated oil prices. Market sentiment remains cautious due to the ongoing US-Iran conflict, though oil prices have eased with the risk of a rebound remaining due to persistent Middle East uncertainty.
Ajit Mishra, SVP of Research at Religare Broking, noted that the Nifty's ability to sustain above the 23,000–23,100 zone is encouraging, but the broader structure remains cautious following the recent correction. As reported by Mint, Mishra emphasized that a sustained move above 23,600 would be important for a stronger recovery, while a break below 23,000 could reopen downside pressure. For now, markets are likely to remain volatile, warranting a selective and hedged approach rather than aggressive positioning.
IDFC First Bank receives a buy recommendation with a target price of ₹93 and stop loss at ₹83. According to Mint reports, Mishra highlighted that the share price has witnessed a strong V-shaped recovery from ₹58 to the ₹87 zone, demonstrating underlying price strength and resilience. The stock is currently trading at elevated levels and forming a base near the neckline of a broader cup-and-handle formation, positioning it on the verge of a decisive breakout that could trigger a strong upward move.
PVR INOX receives a buy recommendation with a target price of ₹1,380 and stop loss at ₹1,220. As reported by Mint, Mishra noted that the stock has staged a strong recovery from ₹950 and sustained its uptrend, reclaiming its key long-term moving average, the 200-WEMA. Following a brief consolidation, the stock has formed a fresh buying pivot above its previous resistance zone, indicating renewed buying interest and supporting a positive bias with constructive momentum indicators.
Titan Company receives a sell futures recommendation with a target price of ₹4,730 and stop loss at ₹4,930. According to Mint reports, Mishra underscored that after a strong rally from ₹3,960 to ₹5,186, Titan is showing early signs of exhaustion after slipping below its short-term moving averages, the 20-EMA and 50-EMA, which had provided support since July 2026. The RSI indicates weakening momentum, trading below 50, with the stock breaking down from its consolidation range after failing to sustain at elevated levels, suggesting potential for further decline ahead.
