Top stocks to buy this week: Nide -Momentum on Nifty can get strength; Check stock recommendations with a horizon of 3 months – Times of India

Stock market recommendations: According to Sudeep Shah, head – technical research and derivatives, SBI effects” Eid parryAnd Prestige are the top picks For this week. This is his view on Handy” Bank Nifty And the upper stock picks with a horizon of 3 months:Nifty View:The Benchmark Nifty Index spent the first four trading sessions of the last week imprisoned in a strict 200-point reach, which reflects indecision among market participants. But on Friday the calmness broke. The index was opened with a sharp opening down, slid under the consolidation zone and was confronted with renewed sales pressure, indicating that sentiment starts to tilt in favor of the bears.What is more alarming is that the Nifty has now slipped under its crucial 20-day EMA, which has also started down-a classic sign of emerging weakness. The momentum indicators also do not paint reassuring image. The daily RSI has given a Bearish crossover and keeps going south, while the MacD histogram has been reversed in a negative area. Together these signals suggest that the downward momentum can get strength.From a technical point of view, immediate support is now in the zone of 24900–24850, where the 50-day EMA is placed. A break under 24850 could push the index to the next key support at 24550. On the other hand, a movement above the 25300-25350 zone is required to regain bulls in the short term.In the midst of this technical caution, macro and profit insurtions only contribute to the fear of investors. With tariff uncertainty that rises worldwide and the first income has just begun – on Thursday coordinated by TCS – Markets are entering a critical phase. Investors are now looking forward to signs of margin pressure, worldwide demand oversight and forward guidelines of companies. In this tug of war between technical splits and profit expectations, a cautious and share -specific approach can be the best strategy for the time being.Bank Nifty ViewLast week the Banking Benchmark Index Bank Nifty moved within a tight band of only 756 points, which marked the narrowest weekly reach since August 2024. This lack of movement reflects increased indecision among market participants and a clear absence of strong directional signals from the bank space. On the weekly graph, the index has formed a small bearish candle with a long upper shade, indicating that the sales pressure comes up at higher levels. This candlestick structure usually suggests profit booking or cautious sentiment when the index tries to go higher.Currently, Bank Nifty is floating around its 20-day EMA level and reinforces the position that the trend is at a crucial bending point. The momentum indicators point to a lack of conviction. The daily RSI remains in a sideways zone, as defined by RSI Range-Shift principles, which further underline current consolidation. Continue, the zone of 56200-56300 will act as immediate support for the index. While it is at the front, the zone of 57100-57200 will act as a crucial obstacle for the index. A decisive outbreak in both directions will lead to the trending movement in the index.Stock recommendations:Eid parry

The stock has resulted in a decisive outbreak from his consolidation phase on the daily graph, which indicates a new part of Uptrend. What makes this breakout considerable is the corresponding span in volume, giving a strong conviction for the move. In particular, the share in the past few trade sessions is consistently better than surpassing the front line indices, which emphasizes the growing investor’s interests and relative power. Since the share is traded on all time, all progressive averages and momentum -based setups show a strong bullish momentum. That is why we recommend collecting the stock in the 1155-1145 level zone with a stop-loss of RS 1100 level. At the top it will probably test the level of 1280 in the short term. Prestige

The stock registered a Swing High of 1761 on 24 June, followed by a Throwback phase that was accompanied by modest parts – a sign of healthy profit booking instead of trends. In particular, the correction found support in the vicinity of the 34-day EMA. After this withdrawal, the stock resumed its upward journey, supported by a noticeable volume rise – adding conviction to the continuous rebound. In the past few sessions it has performed better than the frontline indices, which indicates renewed power and relative leadership. Momentum indicators are now becoming increasingly positive. The daily RSI is comfortably placed in bullish territory, while other oscillators also support the current upward trend. The technical structure suggests that the stock makes it possible for a new movement higher in the short term. That is why we recommend accumulating the stock in the zone of 1700-1690 with a stop-loss of RS 1620 level. At the top it will probably test the 1900 level in the short term. (Disclaimer: recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the opinion of the Times of India)