Nifty Falls Below 25,500; Experts Recommend Kirloskar Oil Engines and Bajaj Finance Stocks
February 15, 2026
Nifty index fell below its 20-day moving average for the first time in recent sessions. It also breached the 38.2% Fibonacci retracement level of its previous rise. Rupak De, Senior Technical Analyst at LKP Securities, said, "With the index closing below the key support level of 25,500, the near-term bias appears weak, and there is potential for a decline toward the 25,000 mark in the short term." He added that resistance is near 25,800.
Experts suggest two stocks for Friday:
1. Kirloskar Oil Engines (Buy at Rs 1,375-1,385): The stock is breaking out of a rounding bottom pattern, supported by rising RSI and moving averages. Target is Rs 1,500 with a stop loss at Rs 1,320. Analyst Drumil Vithlani said, "The stock is trading above important moving averages, indicating a bullish trend."
2. Bajaj Finance (Buy at Rs 1,024-1,026): It is breaking out of a downward channel with a bullish candlestick and RSI near overbought, showing strength. Target is Rs 1,070 and stop loss Rs 990. Vithlani noted, "Momentum Indicator RSI confirms the bullishness in the script."
These recommendations come with the usual disclaimer that expert views may vary. Stay updated with ETMarkets for latest market news and stock tips.
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Tags:
Nifty
Sensex
Stock market
Technical analysis
Kirloskar Oil Engines
Bajaj Finance
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