Top Stock Market Recommendations

According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Hero Motocorp and Tata Power are the top buy calls for today. Solar Industries India is a sell call.

Index View: Nifty

Nifty traded broadly within its previous day’s range, recovering its early morning losses to end with minor gains ahead of its weekly expiry due today. With downside targets seeming to be complete and fresh upside opens up only above 25325 closing, any 50-70 point dip is likely to get bought into for targets of 25320 odd for this week’s trade.

Bank Nifty

Bank Nifty continuing its outperformance ended at a 5 day closing highs as its supports of 56750 got protected not once, but twice at the start of this week. With continuing outperformance against Nifty, Bank Nifty is now back on track to scale to fresh all time highs, unless a close below 56750 negates this formation on daily charts.

HEROMOTOCO (BUY)

LCP: 4424
Stop Loss: 4260
Target: 5000

Ending at a 6 month closing highs earlier this week, Hero Motocorp has given a breakout from its bullish cup and handle pattern along with a crossover from its 200 DMA. This breakout also marks an end to the 8 week long consolidation seen on daily charts as the stock has shown signs of moving further northward given the price action positioned in a similar stance for a target of 5000 for now.

TATAPOWER (BUY)

LCP: 415
Stop Loss: 400
Target: 450

After holding above its 200 DMA all through the past week, the Tata Power stock has moved forward to breakout from its 6 month long cup and handle formation on daily and weekly charts ahead of its quarterly numbers. This is accompanied by a higher low formation on daily charts repeated over 5 times in the past 3-4 months signalling presences of buyers at lower levels.

SOLARIND (SELL)

LCP: 15190
Stop Loss: 16000
Target: 13700

After a strong rally of 110% from its Feb 2025 lows to June 2025 highs, Solar Industries India has started showing profit taking as focus shifts from defence as a sector. Charts suggest that over 40-50% of this recent rally is likely to be retraced, however we are looking for targets of 13700-800 zone which also coincides with its previous breakout and consolidation zone. Stock has already corrected ~15% off recent highs in less than 3 weeks.

(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)