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Stock Research Recommendations

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Equity Research

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MTF (Margin Trading Facility) Research

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F & O Research

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ETF (Exchange Traded Fund) Research

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Commodities Research

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Closed Research Calls

SILVERM

COMMODITY

Silverm • 27 Oct 2026 • 215000 • Call

Open Price

3,850

Target Price

4,650

Transaction Type

Buy

Reco. Date

16 Oct 2026

P&L

10.21 %

Target Date

26 Oct 2026

NATURALGAS

COMMODITY

Naturalgas • 23 Oct 2026 • 300 • Put

Open Price

6.75

Target Price

12.50

Transaction Type

Buy

Reco. Date

15 Oct 2026

P&L

85.93 %

Target Date

22 Oct 2026

LUMAXTECH

MTF

Lumax Auto Tech Ltd

Open Price

1,903.70

Target Price

2,030

Transaction Type

Buy

Reco. Date

15 Oct 2026

P&L

3.40 %

Target Date

-

MIDCPNIFTY

F&O

Midcpnifty • 27 Oct 2026 • 13700 • Call

Open Price

160

Target Price

100

Transaction Type

Sell

Reco. Date

16 Oct 2026

P&L

-25.44 %

Target Date

26 Oct 2026

SILVERM

COMMODITY

Silverm • 27 Oct 2026 • 215000 • Call

Open Price

3,850

Target Price

4,650

Transaction Type

Buy

Reco. Date

16 Oct 2026

P&L

10.21 %

Target Date

26 Oct 2026

NATURALGAS

COMMODITY

Naturalgas • 23 Oct 2026 • 300 • Put

Open Price

6.75

Target Price

12.50

Transaction Type

Buy

Reco. Date

15 Oct 2026

P&L

85.93 %

Target Date

22 Oct 2026

LUMAXTECH

MTF

Lumax Auto Tech Ltd

Open Price

1,903.70

Target Price

2,030

Transaction Type

Buy

Reco. Date

15 Oct 2026

P&L

3.40 %

Target Date

-

MIDCPNIFTY

F&O

Midcpnifty • 27 Oct 2026 • 13700 • Call

Open Price

160

Target Price

100

Transaction Type

Sell

Reco. Date

16 Oct 2026

P&L

-25.44 %

Target Date

26 Oct 2026

Our Research Experts

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Devarsh Vakil

Head of Prime Research at HDFC Securities

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Devarsh Vakil is currently the Head of Prime Research at HDFC Securities. He has over 20 years of experience in the field of financial markets research. His role entails generating investment ideas and anticipating trading opportunities. Devarsh also closely tracks global markets and important international data points that impact Indian markets. Devarsh is an Electronics and Communications engineer from Gujarat University and a post-graduate of IIT, Kharagpur in business management.that impact Indian markets.

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Nandish Shah

Deputy Vice President, Senior Derivative & Technical Analyst at HDFC Securities

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Nandish Shah, a seasoned financial markets expert with over 20 years of experience, serves as Deputy Vice President and Senior Derivative & Technical Analyst at HDFC Securities. He holds an MS in Finance from ICFAI University. Based in Ahmedabad, Nandish specializes in analyzing Indian equity and derivatives markets, leveraging deep dives into derivative data and technical studies to identify market signals. Shah’s market perspectives and derivative strategies are regularly featured in leading financial publications including Money control, Business Standard, Mint, and Economic Times. He conducts regular Nifty expiry outlook sessions via Telegram, engaging directly with investors and traders.

As a key member of HDFC Securities’ Prime Research team for 15 years, Shah has established himself as a respected voice in the Indian financial landscape. Prior to HDFC Securities, he worked at Anagram Securities Ltd (now Edelweiss Securities) for five years. With a proven track record of successful market trend predictions and informed entry/exit strategies, Nandish has established himself as a respected voice in the Indian financial landscape.

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Vinay Rajani

AVP, Senior Technical and Derivative Analyst (HDFC securities)

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Mr. Vinay Rajani is a CMT(Chartered Market Technician) charter holder and an M.B.A. He has more than 19 years of rich experience in the Financial Markets. He is born and brought up in Ahmadabad, Gujarat, India. He has been working as a Senior Technical and Derivative Analyst in Retail Research of HDFC securities for last 15 years. Earlier he worked for 4.5 Years as a Technical Research Analyst in Retail Research Team of Anagram Securities Ltd, which is currently known as Edelweiss Securities Ltd.

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