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Stock market recommendations: According to Bajaj Broking Research, the top stock picks for September 12, 2025 are Bharat Electronics, and RBL Bank.

Here’s its view on Nifty and Bank Nifty:Index View: NIFTYBenchmark indices extended up move for the 3rd week in a row buoyed by optimism over progress in India-US trade negotiations and interest rate cut by the US Federal Reserve.

One of the key drivers of the rally was renewed hope for an early trade agreement between India and the United States.

Officials from both sides described the latest round of talks as “constructive” and “forward-looking,” which boosted confidence in the possibility of a favorable outcome. This development was particularly well received by investors, who see stronger trade ties with the US as a positive for economic growth and corporate earnings.

Nifty has already taken 12 weeks to retrace just 38.2% of its preceding 12 weeks rally (21744-25669).

A shallow retracement signals overall strength.The index has witnessed a bullish crossover, with the 20-day Exponential Moving Average (EMA) crossing above the 50-day EMA.

A classic trend-following signal that typically indicates a strengthening of upward momentum.

This crossover reflects a shift in medium-term market sentiment, suggesting that buying interest is gaining traction.

Such a development often marks the early stages of a sustained uptrend. As long as the shorter-term EMA continues to trend above the longer-term EMA, the near-term bias is expected to remain constructive.Nifty has seen a 1000-point up move in the last 3 weeks which has pushed the daily stochastic oscillators into overbought territory.

Hence some consolidation in the range of 25,550-25,100 cannot be ruled out in the coming week.The index posts the consolidation is likely to resume its primary up trend and head towards 25,900 levels in the coming months being the 123.6% external retracement of the last two months decline (25,669-24,338)The overall structure remains positive; we believe dips provide buying opportunities in quality large and midcap stocks.

Immediate support is placed at 25100-24,900 levels being the 50% retracement of the recent up-move and 20 days EMA.

While short term support is placed at 24,700-24,600 levels.NIFTY BANKThe Bank Nifty extended up move for the 3rd week in a row.

This upward movement reflects improving investor sentiment amid encouraging geopolitical and macroeconomic signals.

The US Federal Reserve in its FOMC meeting lowered interest rates by 0.25% on Wednesday for the first time in nine months and sees the need two more rates cuts this year as worries of softening in the labor market, which threatens the economy, outweigh concerns about inflation still running above the central bank’s target.Bank Nifty has seen an up move of more than 2000 points in the last three weeks and in the process retraced 61.8% of the entire decline (57628-53562).

The daily stochastic oscillator has approached overbought territory hence some consolidation cannot be ruled out in the range of 56,000-54800.

The index posts the consolidation is likely to resume its primary up trend and head towards 56,700 levels in the coming months.On the downside immediate support is placed at 54,800 levels being the 20- and 100-days EMA.

While key support is placed at 54000 levels, the confluence of last week low and key retracement of the current pull back.Stock Recommendations:Bharat ElectronicsBuy in the range of Rs 405.00-413.00

BEL continues to display a textbook higher–high, higher–low formation on the weekly timeframe, reinforcing the primary uptrend.

Price action remains comfortably positioned above key short- and long-term moving averages, indicating persistent bullish undertone and trend strength.The stock has witnessed a decisive breakout above the falling trendline resistance, with prices taking confluence support at the 21-week EMA, currently placed near ₹375, further validating the ongoing positive structure.Based on the prevailing bullish structure, BEL is poised to extend its upward trajectory towards the next Fibonacci price extension target.

We anticipate the stock to advance towards ₹467, which corresponds to the 138.2% Fibonacci extension level, derived from the recent swing move.

This projection aligns with the ongoing primary uptrend and reinforces the view of sustained upside potential as long as the stock maintains support above the 21-week EMA.RBL BankBuy in the range of Rs 267-273

The stock is seen forming a base at the 20 day EMA and the rising trendline joining previous major lows signaling strength and continuation of the up move.We expect the stock to extend up move and head towards 296 levels in the coming month being the price parity of the previous up move (243-279) as projected from the recent low of 262 signals upside towards 296 levels.The daily 14 periods RSI is at the cusp of generating a bullish crossover above its nine periods average thus validating positive bias in the stock.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own.

These opinions do not represent the views of The Times of India)