Stock Recommendations for September 2, 2026: NLC India, Deepak Nitrite

On September 2, 2026, Mehul Kothari, DVP of Technical Research at Anand Rathi Shares, provided stock market recommendations highlighting NLC India, Deepak Nitrite, and Hindustan Copper as the top picks for investors.

NLC India is recommended for purchase between Rs 273 and Rs 277, with a stop loss set at Rs 255 and target prices of Rs 305 and Rs 315. The stock is currently trading near its previous demand zone of Rs 265 to Rs 270, where buying interest has previously emerged. The relative strength index (RSI) indicates a bullish divergence, suggesting a potential reversal from this support zone, which could lead to a recovery. As long as the stock maintains above the Rs 265 to Rs 270 range, the outlook remains positive.

Deepak Nitrite is suggested for buying in the range of Rs 1,790 to Rs 1,810, with a stop loss at Rs 1,690 and target prices of Rs 1,965 and Rs 2,020. The stock is trading well above its 200-day moving average, indicating a strong long-term trend. It has also moved above the Ichimoku Cloud, which supports a bullish price structure. The current setup suggests that any correction towards the buying range could present a good opportunity for investors, provided the stock sustains its bullish trend.

Hindustan Copper is recommended for purchase between Rs 530 and Rs 520, with a stop loss at Rs 495 and a target price of Rs 620. The stock has shown a strong recovery from the Rs 480 to Rs 500 zone and is currently consolidating after a significant upward move. It is trading above its 50-day and 100-day exponential moving averages, which keeps the broader trend positive as long as it holds above the Rs 520 to Rs 525 range. The RSI indicates a healthy reset of momentum, suggesting potential for further upside.

These recommendations reflect the current market dynamics and are aimed at guiding investors in their trading decisions for the day.