Kamal Ghorui
Top stock market recommendations: INOX India, and Apollo Hospitals Enterprise are buy calls from Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group. The analyst recommends selling TVS Motor Company. Below is his views on on Nifty, Bank Nifty and each of the three stocks:Index View: NiftyNifty hit a close at a 10.5 month low as the index has adapted a range between 23700 – 24300 broadly. Any close below 23700 could allow for fresh 400-500 additional downside while a sustained upside opens only on closing above 24300 as a number.Given the surge in India VIX above 20 readings this week it indicates a daily trading range on Nifty to be northwards of 300 points, indicating that the ongoing volatility is here to stay.Bank NiftyBank Nifty ended 3.5% lower so far this week as the index has been underperforming Nifty from the start of this month and this week. Given the weight adjustments taking place in frontline private banks and panic profit taking triggered in PSU names. Bank Nifty has slipped below its 200 DMA after a gap of 11 months, and a fresh swing low even after Monday’s panic low is expected to be printed on charts. The recent gap below 200 DMA is likely to remain a resistance / supply zone for the immediate short term on the index. Downside levels we are seeing to unfold towards 54600 odd.
Stock recommendations:
INOX India (BUY):
- LCP: 1193
- Stop Loss: 1125
- Target: 1288
A trendline breakout, clubbed with a bullish cup and handle and a bullish pole and flag pattern are setting a stage for the next leg up move on this stock. Adding to this, sideways consolidation over the past 9 months has ended with this breakout given and a crossover of 200 DMA given the tailwinds to gas and related stocks market has been witnessing.TVS Motor Company (SELL):
- LCP: 3600
- Stop Loss: 3780
- Target: 3370
Stock has broken down from a 7 month rising trendline which remained unscathed in TVS Motor’s outperformance amongst sectoral peers since July 2025. This breakdown is likely to push prices lower towards its November lows where the 200 DMA on chart also stands as an immediate support.Apollo Hospitals Enterprise (BUY):
- LCP: 7684
- Stop Loss: 7475
- Target: 8300
Unscathed with the ongoing correction across global equities, hospitals have not seen any price correction as this sector has been independent of any global chaos or AI threats for now. Flows exiting from challenged sectors are finding their map to hospital stocks and Apollo Hospitals is showing strong price current to breakout into fresh all time highs.(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)
