Market Expert Raja Venkatraman Shares Stock Picks as Indian Equities Post Gains

Market expert Raja Venkatraman has released his top stock picks and technical outlook for trading. NeoTrader co-founder Raja Venkatraman recommends buying shares of Nykaa above 345 rupees, with a stop loss of 330 rupees and a target of 379 rupees for the multiday strategy. He also advises buying Anand Rathi shares above 2,160 rupees, keeping a stop loss at 2,060 rupees and a target of 2,350 rupees. For Hext, the recommended strategy is to buy above 585 rupees, with a stop loss of 559 rupees and a target of 635 rupees.

Market Week

Between October 12 and October 16, 2026, Indian equities experienced a volatile yet positive week marked by sharp swings. On October 12, benchmarks slipped with Sensex closing at 71,924.68 and Nifty at 22,363.35, dragged down by PSU banks and telecom. Markets rebounded on October 13 as Nifty surged 1.6 percent to 22,721.95 and Sensex climbed 1,109 points to 73,033.78, led by IT stocks and HCL Tech earnings. Profit-booking brought a slight dip on October 14 before a sharp rally on October 15 pushed Sensex to 74,144 intraday and Nifty past 23,000. The week ended on October 16 with Sensex rising 413 points to 74,729.27 and Nifty closing at 23,146.15.

Context

Stock market analysts often use technical levels like buy points, stop losses, and targets to guide short-term traders through volatile market phases. Sector rotation and earnings reports play a major role in shaping these weekly trading strategies.