Stock market recommendations: Zensar Technologies, Netweb Technologies India, and Nippon India ETF Nifty IT – these are the top stocks and ETFs to buy today on October 7, 2026 as recommended by Mehul Kothari, DVP of Technical Research at Anand Rathi Shares. Let’s take a look:Zensar Technologies: Buy between Rs 450-440 | Stop Loss: Rs 415 | Target: Rs 510ZensarTech is showing signs of improvement, with momentum turning positive across multiple time frames. Bullish divergence on both the daily and weekly charts suggests that the selling pressure seen earlier is gradually weakening, increasing the possibility of a reversal.On the hourly chart, RSI has moved above 70, indicating strong near-term buying momentum. The stock is also holding above its 10- and 20-DEMA, keeping the short-term trend positive and providing support on declines. Overall, the combination of improving momentum, multi-timeframe bullish divergence and positive price action makes the setup favourable for a recovery.Traders may consider entering long positions in the 450-440 zone, with a target of 510.Netweb Technologies India: Buy between Rs 4,750-4,700 | Stop Loss: Rs 4,370 | Target: Rs 5,300Netweb is showing signs of a potential recovery, with bullish divergence visible on the daily chart near the previous demand zone. While the stock had remained under pressure, the divergence suggests that selling momentum is gradually easing.The broader RSI structure has also improved, with a positive reversal visible from July onwards, indicating a gradual pickup in momentum. With the stock holding near its previous demand zone and momentum improving, the technical setup looks favourable for a recovery.Traders may consider entering long positions in the 4,750-4,700 zone, with a target of 5,300.Nippon India ETF Nifty IT: Buy between Rs 31.5-29.5 | Stop Loss: Rs 27 | Target: Rs 39IT BEES is showing an improving technical setup, backed by regular bullish divergence followed by hidden bullish divergence on both the IT Index and IT BEES. During the initial regular bullish divergence, IT BEES made lower lows in price while RSI formed higher lows, indicating that selling pressure was weakening.The stock subsequently crossed its previous peak of Rs 35.50 and moved to a new high of Rs 36.98, while RSI moved above 70, indicating a positive RSI range shift and stronger momentum.The stock then corrected towards the Rs 31 zone. However, during this correction, RSI made a lower low while price held above its previous low, resulting in a hidden bullish divergence. This suggests that the broader uptrend may still be intact.With both regular and hidden bullish divergences supporting the setup, momentum is showing signs of improvement and the IT sector could see further recovery.Traders may consider entering long positions in the 31.5-29.5 zone, with a target of 39.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
