# Raja Venkatraman's Top 3 Stocks for 16 October

> Raja Venkatraman recommends HCLTECH, ANANDRATHI, and SUPREMEIND for 16 October trading.
- Title: Raja Venkatraman's Top 3 Stocks for 16 October · mint
- Summary: Raja Venkatraman recommends HCLTECH, ANANDRATHI, and SUPREMEIND for 16 October trading. Raja Venkatraman advises buying HCLTECH above ₹1365, ANANDRATHI above…
- Keywords: raja venkatraman, hcltech, anandrathi, supremeind, stock recommendations, indian stocks, nifty, sensex, technical analysis, stock market, money, business
- Source: mint — https://livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-16-october-11792111748337.html
- Author: Raja Venkatraman
- Published: 2026-10-16T00:55:38+00:00
- Read time: 1 min
- Topics: raja venkatraman, hcltech, anandrathi, supremeind, stock recommendations, indian stocks, nifty, sensex, technical analysis, stock market, money, business
## Market Rebound on 15 October
Indian equities rebounded sharply on 15 October 2026 with Sensex surging 1,400 points to 74,144 and Nifty 50 climbing 400 points to 23,001.
## HCLTECH Recommendation
Buy HCLTECH above ₹1365 with stop loss at ₹1290 and target ₹1495 over two months.
## Why HCLTECH?
HCLTECH is a leading Indian IT services company with stable Q2 numbers and strong buying interest from RSI support.
## ANANDRATHI Recommendation
Buy ANANDRATHI above ₹2150 with stop loss at ₹2060 and target ₹2350 over two months.
## Why ANANDRATHI?
Anand Rathi Group shows steady revival after consolidation with strong demand and RSI support.
## SUPREMEIND Recommendation
Buy SUPRE: above ₹3620 with stop loss at ₹3490 and target ₹3960 over two months.
## Why SUPREMEIND?
Supreme Industries Limited is India's largest plastic manufacturer showing signs of a potential upmove after consolidation.
## Market Recap
The rally was led by blue-chip stocks like Bharti Airtel, ICICI Bank, HDFC Bank, Reliance, Infosys, and TCS amid improved valuations.
## Global Cues
Sharp declines in South Korea’s Kospi (-8%) and Taiwan’s Weighted Index (-4%) provided positive signals for Indian equities.
## Outlook for Trading
Markets remain volatile with bullish signs emerging but challenges to sustain momentum for Nifty levels.
## Key Risk Factors
HCLTECH faces geographic concentration, AI productivity deflation, and wage inflation risks.
## What Happens Next
Nifty could target 23,500 if it breaks 23,100, with 23,000 as a potential support zone for recovery.
## Key takeaway

Raja Venkatraman advises buying HCLTECH above ₹1365, ANANDRATHI above ₹2150, and SUPREMEIND above ₹3620 with specific targets and stop losses.