Market Outlook: Expert Recommends NLC India, Deepak Nitrite, and Hindustan Copper for September 2, 2026
As the trading session opens on September 2, 2026, market participants are closely monitoring key technical setups for potential entry points. Mehul Kothari, DVP – Technical Research at Anand Rathi Shares, has identified three specific stocks—NLC India, Deepak Nitrite, and Hindustan Copper—as prime candidates for investors looking to capitalize on current market trends.
These top stocks to buy today reflect a mix of recovery plays and structural uptrends, offering distinct opportunities for technical traders.
NLC India: Eyeing a Reversal
NLC India is currently hovering near a critical demand zone between Rs 265 and Rs 270. According to Kothari, this area has historically attracted significant buying interest and is expected to provide a base for a potential recovery.
- Technical Insight: A bullish divergence in the RSI suggests that while price action has softened, the downside momentum is losing steam.
- Strategy: Analysts recommend entering long positions in the Rs 273–277 range, with a stop loss set at Rs 255. Success in defending this support level could push the stock toward targets of Rs 305 and Rs 315.
Deepak Nitrite: Strengthening Long-Term Trend
Deepak Nitrite (DEEPAKNTR) continues to showcase robust momentum, supported by its positioning well above the 200-day moving average (DMA) of Rs 1,633. The stock’s breakout above the Ichimoku Cloud and an RSI of 62.27 confirm a healthy, ongoing bullish structure.
- Technical Insight: The stock maintains a consistent higher-high, higher-low pattern, signaling sustained institutional interest.
- Strategy: Traders are advised to accumulate in the Rs 1,790–1,810 zone. With a stop loss placed at Rs 1,690, the stock is positioned for potential upward movement toward Rs 1,965 and Rs 2,020.
Hindustan Copper: Consolidation Before the Next Leg
Hindustan Copper has demonstrated a strong recovery from the Rs 480–500 range. Despite a period of recent consolidation, the stock remains anchored above key exponential moving averages (50-EMA and 100-EMA).
- Technical Insight: The RSI has cooled off to a neutral 50.15, suggesting a “healthy reset” of momentum that provides ample room for fresh upside.
- Strategy: Investors are encouraged to look for entry points between Rs 520 and Rs 530. A move above Rs 540 is expected to act as a catalyst, with a target price of Rs 620 and a stop loss at Rs 495.
Disclaimer: The recommendations and market analysis provided by experts are their own and do not necessarily reflect the official views or policies of this publication. Trading in the stock market involves risk; investors are advised to conduct their own due diligence or consult with a certified financial advisor before making any investment decisions.
