The Nifty 50’s constituent stocks are moving, but the real action for day traders is in the mid-caps. Hitesh Rathi, Technical Analyst at Angel One, has locked in three specific plays for October 16, 2026. Two are buys, one is a sell, and the entry points are precise. No guessing games here.
First up: Aarti Industries (AARTIIND). The stock has bounced off its 20-day simple moving average (20-DSMA) after a brief profit-booking session. Rathi sees a breakout from consolidation. Enter at ₹503–₹505. Keep the stop-loss tight at ₹459. The target? ₹571–₹575. The 14-day RSI has crossed bullish, and the 1% Point & Figure chart shows downside exhaustion. Buyers are back in control.
Blue Star (BLUESTAR) is the second buy. It found solid support in the ₹1,500–₹1,530 zone and is now breaking out of a bullish consolidation pattern. The 20-EMA has crossed above the 50-EMA, a classic short-term momentum signal. Buy at ₹1,590–₹1,592. Stop-loss at ₹1,515. Target is set at ₹1,678–₹1,680. The Price & Figure charts show multiple bullish anchor columns, confirming the shift to buyers.
Then there’s the sell call. Craftsman Automation (CRAFTSMAN) is technically strong, sitting in an uptrend. But Rathi views the recent dip as a risk-adjusted entry to short. The stock is trading near its 89-EMA. Sell at ₹10,930–₹10,940. Stop-loss at ₹10,600. Target: ₹11,400–₹11,500. The logic? A bullish 100% pole on the P&F chart suggests the prior uptrend will resume, making the current price a short-term resistance.
These are technical setups, not fundamental calls. They rely on price action, moving averages, and momentum indicators. If the market shifts, these levels invalidate. Check your risk appetite before hitting the buy or sell button. The next trading session will test these immediate supports and resistances.