With Diwali approaching, investors are looking at stocks that could remain in focus during the upcoming Muhurat Trading session. Brokerage firm Nuvama has released its technical picks for the festive season, highlighting stocks that are showing positive chart patterns.
Among its five selections, Adani Energy Solutions, Coforge and Zydus Lifesciences stand out for their recent technical developments.
1. Adani Energy Solutions
Adani Energy Solutions is showing early signs of a possible trend reversal, according to Nuvama’s technical analysis.
The stock broke out of a nearly three-year consolidation phase in April 2026. It has since moved towards the 50% Fibonacci retracement level, which is close to its earlier breakout zone.
The brokerage has also highlighted a positive crossover involving the 50-week moving average. The current price structure makes the stock an important one to watch during the festive trading session.
2. Coforge
IT services company Coforge is another stock on Nuvama’s Diwali watchlist.
The stock has recorded strong weekly and monthly closing levels, supported by a recovery from its 200-week moving average. Nuvama also noted that Coforge showed relative strength during a period when broader market indices were making fresh lows.
This relative performance suggests that the stock has maintained better technical strength compared with several market peers.
3. Zydus Lifesciences
Zydus Lifesciences has also attracted attention because of its improving price structure.
According to Nuvama, the stock has been forming higher lows over the past 15–18 months, indicating a strengthening trend.
After breaking out of an 18-month price pattern in April, the stock recorded its highest-ever quarterly closing level in September. It subsequently moved above a five-month consolidation range, with its weekly closing reaching a two-year high.
Muhurat Trading 2026: Date and Timing
The NSE and BSE are scheduled to conduct the special Muhurat Trading session on Sunday, November 8, 2026, between 2:20 PM and 3:30 PM.
The annual session marks the beginning of the new Samvat year and is traditionally considered an important occasion in the Indian stock market.
Nuvama’s selections are based on technical indicators and price patterns. Actual stock performance may differ depending on market conditions.
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Disclaimer: This article is for news and informational purposes only. The stocks mentioned are brokerage selections, not personal investment recommendations. Stock market investments are subject to market risks.
