Nuvama Wealth Recommends Buy on DLF, Adani Green Energy, and PVR INOX Ahead of October 1, 2026

Aakash K Hindocha, Vice President - Research at Nuvama Professional Clients Group/Nuvama Wealth, has identified DLF, Adani Green Energy, and PVR INOX as top stocks to buy on October 1, 2026. According to Hindocha, DLF has been consolidating within a price band for the past 12 weeks, with a higher low structure on charts from the start of this fiscal, indicating a potential breakout on the upside.

Adani Green Energy, he said, has retraced 50% of its rally from March 2026 lows to the highs of July 2026, forming a double bottom supported by a dynamic moving average fielding higher. The stock is expected to see a 10% rally from its current closing price in the month to come.

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PVR INOX, Hindocha added, has a four-year sloping trendline breakout on weekly charts, accompanied by a 200 WMA crossover after 21 months. The stock is ready to make a fresh swing high on daily and weekly charts. With a closing above its previous day’s high on Wednesday being vital for the ongoing breakout to hold.

Nifty has ended over 500 points lower so far this week. With targets of sub 22700 met along with testing of 200 WMA. The MMI index reading is at sub 20 mark, suggesting extreme fear on indices.

A closing above the 200 WMA is needed by today's end of day to confirm this reversal attempt on Nifty.

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US bond yields have rallied due to strong economic data and weak demand in t-bill auction. Triggering fear of further rate hikes to cool off inflation. The spread between India and US10Y has hit a fresh multi-decade low of 188 bps.

Bank Nifty is down -950 odd points for this week after completing both of its downside targets of 55050/54650 on Tuesday. Markets are pricing in a 25 bps rate hike by the RBI in its MPC meet next week. Which could widen the spread between US10Y yields and India 10Y yields.