Kamal Ghorui
Top stock market recommendations: Grindwell Norton, Adani Power, and KSB are stocks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group recommends. He shares target levels as well as his outlook on Nifty and Bank Nifty:Index View: NiftyNifty has been witnessing intraday selling for the past 3 trading session given the truncated nature of this week. Markets are waiting for fresh headlines from the US markets, however we believe the interim low made this week is here to stay. Any drop below this week’s low of 22300 odd are likely to be extremely short lived. Momentum on the upside is likely to pick up on closing above 22715 for targets of 23400 odd.Bank NiftyBank Nifty closed with a doji formation (indicating indecisiveness) yet below its previous day’s high at close. Like Nifty despite a strong news flow allowing tailwind, both indices were unable to close above its previous day’s high and these are now likely to act as fresh triggers on upside once taken out on a closing basis. Hence, level to watch for now stands at 51625 for targets of 53900 odd.GRINDWELL (BUY):
- LCP: 1405
- Stop Loss: 1350
- Target: 1535
Grindwell Norton’s stock has been finding buyers from its previous support which acted as strong support in March 2025 as well. Given the strong one week closing highs on the same, further momentum is likely to pick up for targets of 1535+ wherein it can intersect with its falling 200 DMA resistance on the upside.Adani Power (BUY):
- LCP: 157
- Stop Loss: 149
- Target: 175
A bullish cup and handle breakout on daily charts has emerged with stock closing at 5 month high in a market environment wherein broader markets are holding near to their 52-week lows. This singles double confirmation on price pattern as well as money flow front given the ongoing momentum likely to continue on the upside.KSB (BUY):
- LCP: 828
- Stop Loss: 795
- Target: 900
A 20-month trendline breach clubbed along with a 200 DMA crossover has been observed in daily charts of KSB in the last fortnight. Stock has also been making higher lows for the past 10 weeks now and has not closed below its previous week’s low in the same period on weekly charts. This suggests accumulation phase is over in lower levels and stock can continue to trend higher in the day’s to come. Momentum to kick in above 835.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
