Stocks to buy: What’s the outlook for Nifty for week starting September 22? Check list of top stock recommendations

Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are Lemon Tree Hotels, and Bharti Airtel. Here’s his view on Nifty, Bank Nifty for the week starting September 22, 2025:Nifty ViewAs we approach the vibrant Navratri season beginning Monday, it seems the market has already kicked off its celebrations a week early. Much like the rising energy of garba and dandiya that intensifies with each beat, the benchmark index Nifty has surged ahead with a Symmetrical Triangle breakout, followed by a sharp upward rally. By week’s end, the index closed above the 25,300 mark, gaining nearly 1%, and marking its third straight week of positive returns.This rally was very much in line with our earlier outlook, where we had indicated that Nifty was well-positioned for a breakout. From the recent low of 24404, the index has rallied over 1000 points in just 15 trading sessions, showcasing strong momentum. What adds further strength to this move is the broad-based participation, with both Nifty Midcap and Nifty Smallcap 100 indices closing in the green for 11 consecutive sessions—a sign of deep market conviction.Looking ahead, we anticipate a brief pause in the index’s upward journey, similar to a momentary lull between energetic dance beats, before the next leg of the rally resumes. Technically, the setup remains bullish, with moving averages trending higher and momentum indicators continuing to support the positive bias.In terms of key levels, the 25200–25150 zone is expected to act as immediate support, aligning with the 8-day EMA and the 23.6% Fibonacci retracement of the recent rally from 24404 to 25448. On the upside, a sustained move above the 25450–25500 zone could pave the way for the next leg of the rally, with potential targets at 25750, and eventually 26000—a promising setup for the bulls.Bank Nifty ViewThe Bank Nifty index wrapped up the week on a strong note, registering its third consecutive weekly gain. From the recent low of 53578, the index has rebounded sharply, adding over 2200 points in just 11 trading sessions, signalling a robust recovery in banking stocks.This upward move has propelled the index above its short- and medium-term moving averages, indicating a clear shift in momentum. Importantly, both the 20-day and 50-day EMAs have begun to slope upwards, which is a positive technical development and suggests strengthening trend dynamics in the short term.Looking ahead, the current chart structure points to a potential consolidation phase over the next few sessions. This pause could allow the index to absorb recent gains and establish a firmer base before resuming its upward trajectory.On the technical side, the 20-day EMA zone between 55000-54900 is expected to act as a key support level. Holding above this range will be critical to sustaining the bullish bias. On the upside, the 55900–56000 zone will be a crucial resistance area, as it aligns with the 61.8% Fibonacci retracement of the previous decline from 57628 to 53561. A decisive breakout above 56000 could ignite a fresh rally, with potential targets around 56800, followed by 57500 in the short term.Stock recommendations:Lemon Tree HotelsLemon Tree Hotels is showing strong bullish signs as it continues to recover and gain upward momentum. Despite the consolidation at higher levels, stock has managed to hold above its key short-term moving average of 20-Day EMA, confirming a solid short term bullish strength. The RSI near 60 suggests healthy buying interest. Bollinger Bands are starting to widen, indicating increasing volatility that often accompanies strong moves higher. The DI lines in ADX have marginally started to widen, signalling that a strong trend is underway. Recent price action reveals a series of higher lows and higher highs, reflecting consistent buyer strength.This combination of technical indicators and price behaviour suggests that Lemon Tree Hotels is poised for a continued rally. Hence, we recommend to accumulate the stock in the zone of 172-176 with a stoploss of Rs. 167. On the upside, it is likely to test the level of 185 in the short term.Bharti AirtelBharti Airtel continues to display resilience on the daily chart, with the stock breaking out of the 1950-1860 zone on Friday and closing higher. The stock remains comfortably above its key moving averages, with the 20-DMA around 1,915 and the 50-DMA near 1,909, keeping the broader structure positive. Momentum indicators are also supportive with RSI rising steadily and settling around 65, reflecting strong strength. The MACD remains in bullish territory, while ADX has started to move higher, reflecting a strong underlying trend. Bharti Airtel has been trading near the upper Bollinger Band since the last four sessions, a phenomenon often seen during strong trends. Hence, we recommend to accumulate the stock in the zone of 1960-1970 with a stoploss of Rs. 1910. On the upside, it is likely to test the level of 2105 in the short term.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)