Best stocks to buy (AI image)
Top Stock Market Recommendations: INOX India, Apollo Hospitals Enterprise are buy calls from Aakash K Hindocha, Vice President – WM Research of Nuvama Professional Clients Group.
The analyst recommends selling TVS Motor. Here are his views on Nifty, Bank Nifty and each of the three stocks:Show index: elegantThe Nifty index closed at a 10.5-month low, with the index adjusting a range between 23,700 – 24,300 broadly. Any close below 23,700 could allow for a new additional downside of 400-500 while a sustained uptrend only opens on a close above 24,300 as a number.As India’s VIX index rises above 20 reading this week, it indicates a daily trading range on the Nifty north of 300 points, suggesting that sustained volatility is here to stay.
Nifty BankThe Bank Nifty ended 3.5% lower so far this week as the index has underperformed the Nifty since the beginning of this month and this week. Due to weight adjustments taking place in frontline private banks and panic induced profit taking in PSU names. Bank Nifty fell below its 200 DMA after an 11-month gap, and a fresh swing low is expected to be printed even after Monday’s panic drop on the charts. The recent gap below the 200 DMA is likely to remain an immediate short-term supply/resistance zone on the indicator.
The downsides we are seeing are heading towards the 54,600 odd level.
Stock Recommendations:
Inox India (Buy):
- LCP: 1193
- Stop loss: 1125
- Target: 1288
A breakout of the trend line, accompanied by a bullish cup and handle and a bullish pole and flag pattern, sets the stage for the next move higher on this stock. Additionally, the sideways consolidation over the past nine months ended with this breakout and saw a 200 DMA crossover given tailwinds for the gas market and related stocks.TVS Motor Company (Sale):
- Minimum wage: 3600
- Stop loss: 3780
- Target: 3370
The stock broke from a 7-month uptrend line that remained unscathed in TVS Motor’s outperformance among sector peers since July 2025.
This breakdown will likely push prices down towards the November lows, with the 200 DMA on the chart also standing as immediate support.Apollo Hospitals Corporation (purchase):
- LCP: 7684
- Stop loss: 7475
- Target: 8300
Hospitals did not see any price correction, as they were not affected by the ongoing correction in global stocks, as this sector has been independent of any global chaos or AI threats for the time being. Hospital stocks are finding outflows from sectors facing challenges and Apollo Hospitals showing a strong price run to break through all-time highs.(Disclaimer: Recommendations, opinions regarding 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)