Kamal Ghorui
Top stock market recommendations: Aditya Vision Ltd, Allied Blenders and Distillers Ltd, and NMDC – these are the stocks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group has shortlisted as top buy calls for today (April 16, 2026). His views on Nifty and Bank Nifty are also available:Index View: NiftyNifty completed its target at 24250 at mid of this week, which had got active at the start of this month when the index reversed from sub 22200 odd levels. Interestingly this level coincides with a 50% retracement mark of the recent fall we have seen from February highs to March lows. Unless a close above 24262 is confirmed – Nifty can continue to consolidate with a negative bias between 23800 – 24200 odd.*Actionable*- Any rise towards 24250- 24300 can be used to create fresh shorts for targets of 24000 / 23800 with an SL at 24420 closing. (All levels are on Nifty spot basis)Bank NiftyBank Nifty has hit a fresh 1 month high after recovering over 10% from its recent low at the start of this month as markets move forward towards earnings season pricing in that the worst on the Iran War front is behind us. A narrow range day was observed on Wednesday while a break below 56200 is likely to open for a quick downside towards 55900 / 55600 thereafter. 56500 is likely the price to negate this set up.*Actionable*- Any rise towards 56400 can be used to create fresh shorts for targets of 55900 / 55600 with an SL at 56500 closing. (All levels are on Nifty spot basis.)Aditya Vision Ltd (BUY):
- LCP: 512
- Stop Loss: 490
- Target: 560
Ending a 5-month correction, Aditya Vision has given a breakout from its sloping trendline earlier this week. This also coincides with a 200 DMA crossover along with a bullish flag pattern breakout in the similar price range. Stock can head back to previous all time highs given the positive confluences seen on charts.Allied Blenders and Distillers Ltd (BUY):
- LCP: 517
- Stop Loss: 488
- Target: 566
Ending a 5-month correction, ABDL has given a breakout from its sloping trendline earlier this week. This also coincides with an upcoming 200 DMA crossover due to be crossed near 525 zone. Stock gained another 10% in this leg to recover at least 61% (retracement) bounce back from its recent fall.NMDC (BUY):
- LCP: 87
- Stop Loss: 83.1
- Target: 93.8
NMDC is nearing 2 years since it traded at all time high levels and over the past 4-5 quarters the stock has been repeatedly making higher lows in a corrective consolidation which has given shape to a huge bullish cup and handle formation on daily and weekly charts. Given the recent support-bounce from its 200 DMA, stock is now set to rage towards its previous all-time highs. Pattern breakout is visible and smaller as well as larger time frames with a wider target however, we would look for only initial targets to be met in this phase.(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)
