Nuvama Diwali Picks: Adani Energy, Coforge, KDDL, PNB and Zydus Are the Five Samvat 2083 Stocks on the Brokerage's Technical List

Nuvama Diwali picks name five Samvat 2083 stocks: Adani Energy Solutions, Coforge, KDDL, Punjab National Bank and Zydus Lifesciences. Nuvama Institutional Equities chose them on technical charts in its Diwali report, titled Lighting the Way to Samvat 2083. This guide explains what each chart pattern means, how the stocks traded on 4 November and what to check before acting on any list.

The brokerage list was reported by Business Today and Zeebiz on 4 November 2026. Prices are NSE data as of about 4:30 PM IST on 4 November 2026. We could not access Nuvama's target prices or stop-losses, so none are shown here. This is not a recommendation.

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Nuvama Diwali Picks: The Five Stocks and Their Chart Logic

Stock	Chart view reported by Nuvama	Theme
Adani Energy Solutions	Broke out of a three-year consolidation in April 2026 and is retracing to the 50% Fibonacci level	Structural trend reversal
Coforge	Strong performance relative to the IT index	Relative strength
KDDL	Breakout from a 30-month symmetrical triangle after a reversal from the 200-week moving average	Pattern breakout
Punjab National Bank	Monthly chart testing a 15-year downward-sloping resistance trendline	Long-term resistance test
Zydus Lifesciences	Named among the five picks; the specific chart rationale was not available to us	Pharma exposure

Zeebiz summarised the Samvat 2083 stocks on the list as leaning on IT, PSU banks and pharma, a mix that shapes how the Nuvama Diwali picks behave together. Nuvama also said the market saw a significant valuation correction in Samvat 2082, which is the backdrop for the report. Every pick on the list is a chart-based call, which means the view can change quickly if price breaks the levels the analysts are watching.

How the Five Samvat 2083 Stocks Traded on 4 November

Stock	NSE price	Day change (as of about 4:30 PM IST on 4 November 2026)	Day range
Adani Energy Solutions	Rs 1,414.00	+3.24%	Rs 1,357.50 to Rs 1,417.40
Coforge	Rs 2,060.00	-0.04%	Rs 2,019.10 to Rs 2,079.00
KDDL	Rs 3,868.50	+1.64%	Rs 3,710.00 to Rs 3,950.00
Punjab National Bank	Rs 122.42	+1.20%	Rs 120.09 to Rs 123.14
Zydus Lifesciences	Rs 1,188.10	-4.23%	Rs 1,182.40 to Rs 1,266.60

Among the Samvat 2083 stocks, Adani Energy Solutions led the group, rising 3.24% from a previous close of Rs 1,369.60 and closing in on its day high. Punjab National Bank gained 1.20% on about 1.87 crore shares traded. KDDL rose 1.64% but swung through a wide range of Rs 240, which is typical for a thinly traded stock with only about 25,000 shares traded on the NSE.

Coforge was flat among the Nuvama Diwali picks, and Zydus Lifesciences fell 4.23% after opening at Rs 1,246.00. A stock dropping on the day it appears on a list is a reminder that Nuvama Diwali picks are not short-term trading signals. The brokerage's horizon, and whether it expects the charts to play out within the Samvat year, is a detail to read in the full report.

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What the Chart Terms Mean for Investors

Term	Plain meaning	What would weaken it
Consolidation breakout	Price moves above a long sideways range	A close back inside the old range
50% Fibonacci retracement	A pullback to the midpoint of the prior rally	A break below the breakout zone
Symmetrical triangle	Highs and lows squeeze together before a move	A failed breakout that reverses
200-week moving average	A very long-term trend line	A weekly close below the line
Long-term trendline	A sloping line joining past peaks	A rejection at the line

These definitions help read the Samvat 2083 stocks on the list and are general market terms, not Nuvama's own words. The pattern descriptions in the Adani Energy and KDDL calls describe structure that already formed, so the key question is whether price holds after the retest. For Punjab National Bank the call is the most conditional: the monthly chart is testing resistance, not yet through it.

Reality Check on Muhurat and Diwali Stock Lists

Muhurat trading is a one-hour symbolic session held on Diwali, scheduled this year for Sunday 8 November 2026, and exchanges publish exact timings in their circulars. Brokerage lists like the Nuvama Diwali picks are popular around it, yet a Mint analysis of earlier years found that roughly two-thirds of Diwali picks had declined over the following year. Such lists are a starting point for research, not proof of future returns.

Views also differ between brokers. ICICI Securities listed Zydus Lifesciences in its own Muhurat report with a target of Rs 1,480, which is about 24.6% above today's Rs 1,188.10 by our arithmetic. Nuvama's report is chart-driven while others are earnings-driven, so the same stock can look different through each lens.

Risks to Check Before Acting on Nuvama Diwali Picks

Risk	Why it matters
Chart failure	Breakouts that fail can reverse sharply
Missing targets and stop-losses	We did not access them, so risk levels are unknown
Thin trading	KDDL traded only about 25,000 shares on the NSE
KDDL rights entitlements	A rights issue is reflected in trading, so check the terms
Sector concentration	Three of five picks sit in IT, pharma and PSU banking
Weak backdrop	PL Capital called Samvat 2082 a challenging year for equities

Among the Samvat 2083 stocks, KDDL's rights entitlements (KDDL-RE) are also trading on the NSE, which suggests a rights issue is under way. The terms should be read in company filings, since a rights issue can change the share count and the price dynamics. For Samvat 2083 stocks of any list, position size and a personal exit rule matter more than any single brokerage view.

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Conclusion

The Nuvama Diwali picks offer a clear chart story for each stock, yet the live trade on 4 November shows mixed responses, from a 3.24% gain in Adani Energy Solutions to a 4.23% fall in Zydus Lifesciences. Treat these Samvat 2083 stocks as a watchlist for further research and check the full report for targets and stop-losses before forming a view.

Frequently Asked Questions on Nuvama Diwali Picks

What are the Nuvama Diwali picks for Samvat 2083?

Ans. Nuvama Institutional Equities named five technical picks: Adani Energy Solutions, Coforge, KDDL, Punjab National Bank and Zydus Lifesciences. The list was reported on 4 November 2026 from its report Lighting the Way to Samvat 2083.

Why did Nuvama pick Adani Energy Solutions?

Ans. Nuvama said the stock broke out of a three-year consolidation in April 2026 and is retracing to the 50% Fibonacci level, which matches the earlier breakout zone. A five-month breakout with its highest weekly close in two years also suggests a fresh upleg, according to the brokerage.

What is the chart view on KDDL?

Ans. Nuvama described a breakout from a 30-month symmetrical triangle after a reversal from the 200-week moving average. It said the broader structure resembles a bullish pole-and-flag, with the breakout and retest pointing to another leg higher.

What is the Nuvama view on Punjab National Bank?

Ans. Nuvama said the stock is approaching a crucial breakout, with its monthly chart testing a 15-year downward-sloping resistance trendline. The call depends on price clearing that line, so a rejection would weaken the setup.

Where are Nuvama's target prices and stop-losses?

Ans. We could not access target prices or stop-losses for these picks, so none are quoted in this article. Investors should read the full Nuvama report or ask a SEBI-registered advisor for the exact levels.

How did the five stocks trade on 4 November 2026?

Ans. At about 4:30 PM IST on the NSE, Adani Energy Solutions was up 3.24% at Rs 1,414.00, KDDL up 1.64% at Rs 3,868.50 and PNB up 1.20% at Rs 122.42. Coforge was flat at Rs 2,060.00 and Zydus Lifesciences fell 4.23% to Rs 1,188.10.

When is Muhurat trading in 2026?

Ans. Muhurat trading is scheduled for Sunday 8 November 2026, the day of Diwali Laxmi Pujan. Exchanges publish the exact session timings in their circulars, so confirm them on the NSE and BSE websites before planning any trade.

Should I buy the Nuvama Diwali picks?

Ans. This article cannot give a personal recommendation. Compare the chart logic with your time horizon, check valuations and the missing targets and stop-losses, size positions carefully and consult a SEBI-registered advisor before investing.