Inventory market suggestions: In line with Sudeep Shah, Head – Technical Analysis and Derivatives, SBI Securities, the highest inventory picks for this week are Larsen & Toubro (L&T), and Ashok Leyland. Right here’s his view on Nifty, Financial institution Nifty for the week beginning September 29, 2025:Nifty ViewThe benchmark Nifty index recorded a steep fall of two.65% over the previous week, wiping out greater than 60% of the positive aspects it had constructed up within the previous three weeks. The decline from latest highs was notably swift, with the index sliding almost 800 factors in simply seven periods. This has grow to be the longest dropping streak since March 2025, as Nifty closed decrease for six straight days — a powerful sign of deepening bearish sentiment throughout sectors.The sharpest blow got here from the Nifty IT pack, which slumped virtually 8% throughout the week. The sell-off was sparked after U.S. President Donald Trump proposed an unlimited $100,000 price for contemporary H-1B visa purposes, a transfer that stirred vital concern for Indian IT companies. This announcement led to heavy unloading in main tech counters as investor confidence soured. To make issues worse, Trump additionally introduced a 100% tariff on pharmaceutical imports on Friday, including additional stress on export-oriented segments reminiscent of pharma.On the technical entrance, Nifty broke under a number of essential transferring averages — the 20-day, 50-day, and 100-day EMAs — all of which have now turned decrease. Moreover, the day by day RSI slipped out of its upward channel and dropped beneath the 40 stage, strengthening the case for continued draw back momentum.Wanting forward, the vital cushion for Nifty lies within the 200-day EMA zone at 24,400–24,350, which now stands as the ultimate line of assist. A decisive breach under 24,350 may open the gates for an extra slide towards 24,000. On the flip aspect, speedy resistance has shifted right down to 24,850–24,900, a band that have to be crossed for any significant rebound try.Financial institution Nifty ViewThe banking gauge, Financial institution Nifty, too confronted promoting stress final week, shedding almost 2% and slipping under the 54,400 stage. From its latest swing excessive of 55,835, the index has misplaced greater than 1,400 factors in simply seven periods, underscoring the tempo of correction in banking names.On the weekly timeframe, the index has carved out a big bearish candle, signalling sturdy downward momentum and a change in near-term sentiment. From a technical perspective, Financial institution Nifty has damaged beneath its 20-day, 50-day, and 100-day EMAs, all of which at the moment are pointing decrease — highlighting the weakening development construction.Additional compounding the bearish image, the day by day RSI is inching nearer to the 40 zone and continues to development downward. This means fading momentum and means that the index may battle to stabilize until general market temper turns supportive. The setup clearly requires warning within the banking basket.When it comes to ranges, the 200-day EMA round 53,800–53,700 is anticipated to behave as a vital assist zone. A decisive breakdown under 53,700 could speed up the decline towards the 53,000 mark. However, speedy resistance has now shifted decrease to 54,700–54,800, which is able to function a key barrier for any significant rebound.Inventory suggestions:Larsen & Toubro (L&T)Larsen & Toubro (L&T) had repeatedly did not cross the stiff resistance zone of 3700–3710 since early June, however at the moment’s sturdy transfer, supported by rising volumes, has lastly propelled the inventory above this barrier, signalling a possible breakout. The worth motion is encouraging, as L&T has closed firmly above all key short- and long-term transferring averages, showcasing a strong bullish construction.Bollinger Bands are widening with worth motion hugging the higher band, indicating sturdy momentum and the potential of continuation. RSI has moved above 60, pointing to strengthening bullish sentiment. Quantity exercise has picked up, reinforcing conviction within the breakout. The ADX line too is rising, hinting at bettering development energy.Total, with resistance now conquered, L&T seems poised for additional upside. Therefore, we advocate to build up the inventory within the zone of 3730-3710 with a stoploss of Rs. 3600. On the upside, it’s prone to check the extent of 4000 within the brief time period.Ashok LeylandAshok Leyland, which is a constituent of the Auto Index, has comparatively outperformed the Nifty index in latest weeks, as indicated by a rising ratio line in Ashok Leyland/Nifty ratio chart. Regardless of weak point within the broader markets, the inventory has proven resilience, managing to carry its floor with out cracking beneath promoting stress. On the day by day chart, Ashok Leyland continues to commerce above all key transferring averages – the 20-day, 50-day, 100-day, and 200-day EMAs – reflecting a powerful bullish undertone.The worth has been hugging alongside the higher band of the Bollinger Bands, signalling sustained shopping for curiosity and a phenomenon which is commonly seen throughout sturdy developments. RSI stays comfortably above 60, indicating wholesome momentum with out indicators of overheating. Importantly, the ADX line is rising, highlighting strengthening development depth, which provides conviction to the continuing transfer.With technicals aligned in favor of the bulls, the inventory seems poised for additional upside. Therefore, we advocate to build up the inventory within the zone of 140-142 with a stoploss of Rs. 137. On the upside, it’s prone to check the extent of 151 within the brief time period.(Disclaimer: Suggestions and views on the inventory market and different asset lessons given by consultants are their very own. These opinions don’t characterize the views of The Instances of India)