What happened
Raja Venkatraman recommended INDOCO, AVALON and SOMANYCERA for 15 September with specific buy-above levels, stop-losses and two-month targets ranging from Rs 295 to Rs 2495.
Raja Venkatraman, co-founder of NeoTrader, has flagged three technical stock picks for trade on 15 September 2026 — INDOCO (Indoco Remedies), AVALON (Avalon Technologies) and SOMANYCERA (Somany Ceramics) — each with a defined buy-above level, stop-loss and two-month target.
INDOCO, the Mumbai-based pharma formulations and API maker, is a long setup at a current price of Rs 263 with a P/E of 20.50 and a 52-week high of Rs 327.65. The call is to buy above Rs 265 with support at Rs 222 and resistance at Rs 263, a stop-loss at Rs 240 and a target of Rs 295 in two months on volume of about 5 million shares.
AVALON, the Chennai-based electronic manufacturing services firm, trades at Rs 2264.50 with a P/E of 161.81 and a 52-week high of Rs 2422. The setup is buy above Rs 2270, stop at Rs 2150 and target Rs 2495 in two months, with support at Rs 2080 and resistance at Rs 2700. SOMANYCERA, the tiles and sanitaryware maker, trades at Rs 565.20 with support at Rs 500 and resistance at Rs 750 — the call is buy above Rs 568, stop at Rs 530 and target Rs 625 in two months.
The picks come as Indian markets logged a fifth straight week of losses from 7 to 11 September. The Nifty slipped 1.15% to 23,897.70 and the Sensex fell 0.97% to 76,515.43, weighed by elevated crude oil prices, global uncertainty and foreign fund outflows. Pharma and healthcare held relatively steady while IT, FMCG, metals and realty faced selling, and the Nifty Bank eased 0.22% to 57,369.65.
On 15 September itself, a strong open reversed as rising bond yields and oil prices pushed the Sensex down over 100 points and the Nifty below 23,350, with the US 10-year yield near 5% and the Fed decision looming as near-term overhangs. Venkatraman noted volatility will persist and advised a dip-buy and rally-sell approach unless Nifty decisively breaks 23,800.
Three Picks — Levels at a Glance
All three are conditional buys above a trigger, with stop-losses about 8-10% below entry and two-month targets implying 10-12% upside from the buy level.
- INDOCO: Buy above Rs 265, stop Rs 240, target Rs 295, support Rs 222, resistance Rs 263
- AVALON: Buy above Rs 2270, stop Rs 2150, target Rs 2495, support Rs 2080, resistance Rs 2700
- SOMANYCERA: Buy above Rs 568, stop Rs 530, target Rs 625, support Rs 500, resistance Rs 750
Why volatility matters right now
Venkatraman warns volatility will persist as the market failed to rebound from lower channel support. Crude, FII selling and a 5% US 10-year yield ahead of the Fed meeting are pressuring sentiment, while the 15 September session itself saw a reversal from early gains into red.
Why it matters for me
Traders get clear entry and risk levels to play a volatile, falling market where a dip-buy and rally-sell approach is advised.
Money
Active Traders · Day Traders
Traders get three defined entry, stop-loss and target levels to manage risk in a volatile market.
Work
Retail Investors
Retail investors following technical calls need strict stop discipline as broader market momentum remains weak.
Daily Life
Retail Investors · Active Traders
A fifth straight weekly loss and elevated yields signal continued near-term volatility for Indian equities.
What to remember
Three defined technical setups with tight stops in a weak market — trade the levels, not the hope.
Raja Venkatraman's 3 picks for 15 Sep: Indoco target Rs 295, Avalon Rs 2495, Somany Ceramics Rs 625 — key levels inside.
Verified sources (2)
Raja Venkatraman recommends three stocks for 15 September
↗Sensex Today | Nifty 50 | Stock Market Live Updates - 15 September 2026
↗Claims and linked sources
8 claimsRaja Venkatraman (co-founder, NeoTrader) recommended three stocks for trade on 15 September 2026: INDOCO, AVALON and SOMANYCERA, framed as a technical-analysis outlook with buy/stop/target levels.
INDOCO (Indoco Remedies, a Mumbai-based integrated pharma maker of formulations and APIs) was a long call at CMP Rs 263: P/E 20.50, 52-week high Rs 327.65, volume ~5M; buy above Rs 265, stop loss Rs 240, target Rs 295 in 2 months; support Rs 222, resistance Rs 263.
AVALON (Avalon Technologies, a Chennai-based Electronic Manufacturing Services firm) was a pick at CMP Rs 2264.50: P/E 161.81, 52-week high Rs 2422, volume ~334.74K; buy above Rs 2270, stop loss Rs 2150, target Rs 2495 in 2 months; support Rs 2080, resistance Rs 2700.
SOMANYCERA (Somany Ceramics, a building-materials company making tiles, sanitaryware and bath fittings) was a pick at CMP Rs 565.20: support Rs 500, resistance Rs 750; buy above Rs 568, stop loss Rs 530, target Rs 625 in 2 months.
Indian equities had their fifth consecutive week of weakness from 7-11 September 2026: Nifty slipped 1.15% to 23,897.70 and Sensex fell 0.97% to 76,515.43, pressured by elevated crude oil prices, global uncertainty and foreign fund outflows.
Pharma and Healthcare offered relative stability while IT, FMCG, Realty and Metals faced selling; the Nifty Bank eased only 0.22% to 57,369.65, and 180+ stocks hit fresh 52-week highs.
On 15 September 2026 (Tuesday), rising bond yields and oil prices spooked investors: the Sensex reversed from a strong opening to fall over 100 points, with the Nifty trading below 23,350 and Realty, Chemical, Metal and PSU Bank stocks among the biggest laggards.
Ahead of 15 September, the U.S. 10-year Treasury yield had reached ~5%, its highest since October 2023, and the Federal Reserve rate decision was a near-term overhang; the Sensex closed at 74,782 (-121 pts) and Nifty near 23,400 (-80 pts) on Friday 11 September after a sharp intraday recovery.