NLC India, Deepak Nitrite, and Hindustan Copper are top picks for traders looking to capitalize on a potential recovery in the stock market on September 2, 2026.

A key support area is emerging in this zone, which could serve as a crucial turning point for the market. The Relative Strength Index (RSI) is exhibiting a bullish divergence, suggesting that despite recent weakness, downside momentum is not confirming the decline.

This divergence implies possible reversal

This divergence implies a possible reversal from the current support zone, there As long as prices remain above the broader demand area, the overall structure remains constructive.

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Traders may consider entering long positions in the Rs 273-277 zone, with a stop loss of Rs 255 on a daily closing basis. A sustained reversal from the support zone could propel prices towards Rs 305 and Rs 315.

Deepak Nitrite is another stock to watch, with a buy recommendation between Rs 1,790-Rs 1,810. The stock's strong positive long-term trend is evident, as it has traded above its 200-DMA at Rs 1,633.

The Ichimoku Cloud suggests strengthening bullish price structure and continued underlying strength, while the RSI (14) remains comfortably above the 50 level, confirming positive momentum. Any correction towards the Rs 1,790-Rs 1,810 zone could provide a buying opportunity.

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Traders may consider entering long positions in this zone with a stop loss of Rs 1,690 on a daily closing basis. A sustained up move could trigger fresh buying interest and support an upside move towards Rs 1,965 and Rs 2,020.

Hindustan Copper is another stock to buy between Rs 530-Rs 520, with a stop loss of Rs 495 and a target of Rs 620. The stock has shown a strong recovery from the Rs 480-Rs 500 zone and maintained a broader higher-high, higher-low structure.

The current consolidation appears corrective rather than a reversal of the broader uptrend, providing room for a fresh upside move. Traders may consider entering long positions in this zone with the aforementioned stop loss and target.