Top stocks to buy this week: What’s the outlook for Nifty? Check list of stock recommendations

Top stocks to buy (AI picture)

Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Kajaria Ceramics Ltd, and Affle 3i Ltd are the high stock picks for this week. Here’s his view on Nifty, Bank Nifty for the week beginning August 11, 2025:Nifty View:The benchmark Nifty index prolonged its shedding streak for the sixth consecutive week, marking its longest stretch of weekly declines since the COVID-19 market crash in 2020. This persistent weak point displays the prevailing bearish sentiment in the market. Technically, the index has shaped a bearish candle with a protracted higher shadow for the fourth straight week, indicating that each try at a rally is being met with robust promoting strain. This sample highlights the lack of conviction amongst bulls and the dominance of bears at larger ranges.Market sentiment additional deteriorated throughout the week following geopolitical developments, significantly the imposition of a 25% tariff on Indian items by U.S. President Donald Trump, escalating commerce tensions over India’s Russian oil imports. Additionally, weak Q1 earnings throughout key sectors and continued FII promoting added to the strain on equities.From a technical standpoint, the Nifty index continues to present pronounced weak point. It is buying and selling beneath its 20-day, 50-day, and 100-day EMAs, all of that are sloping downward — a transparent indication of sustained bearish momentum. The RSI on the day by day chart has entered an excellent bearish zone, as per RSI vary shift rules, additional confirming the unfavourable bias. The MACD indicator additionally stays in bearish territory, with the MACD line positioned beneath each its sign line and the zero line, reinforcing the ongoing downtrend and suggesting that promoting strain continues to dominate.In phrases of key ranges, the zone of 24,200–24,150 is predicted to act as essential help, because it represents the confluence of the 200-day EMA and the 38.2% Fibonacci retracement stage of the prior rally from 21,743 to 25,669. A breach beneath 24,150 may lead to additional draw back in the direction of 23,750. On the upside, the 100-day EMA zone of 24,570–24,600 will function a big resistance stage, the place promoting strain is probably going to re-emerge.Bank Nifty ViewBank Nifty concluded the week in unfavourable territory, signalling ongoing weak point in the monetary sector. On the weekly chart, the index shaped a bearish candle, underscoring sustained promoting strain. Over the previous two classes, it has been consolidating close to its 100-day EMA.Looking forward, the 100-day EMA zone of 54,950–54,850 will function a vital help stage. A decisive break beneath 54,850 may speed up the downward momentum, doubtlessly dragging the index towards the subsequent help vary of 54,000–53,900. On the upside, any rebound is probably going to encounter resistance round 55,700–55,800, which now stands as a big barrier for bullish makes an attempt.Stocks recommendations:Kajaria Ceramics:The stock of Kajaria Ceramics Ltd has been persistently outperforming frontline indices over the previous few buying and selling classes. On Friday, it registered a breakout above a horizontal trendline on the day by day chart, supported by sturdy quantity — a key affirmation of bullish intent. Technically, the stock is buying and selling above all main transferring averages, and momentum indicators are aligned positively, reinforcing the energy of the ongoing uptrend. Given this setup, we advocate accumulating the stock in the 1310–1300 vary, with a stoploss at 1250. On the upside, the stock has the potential to take a look at 1410 in the close to time period.Affle 3i Ltd:The stock just lately discovered help close to its 100-day EMA and has since witnessed a pointy upward transfer, outperforming frontline indices. Currently, it’s consolidating in a slender vary, forming a strong base round its 20-day EMA — an indication of energy and stability.It continues to commerce above key transferring averages, and technical indicators level to sustained bullish momentum. Given this setup, we advocate accumulating the stock in the 1970–1950 zone, with a stoploss at 1880. On the upside, the stock has the potential to take a look at 2150 in the quick time period.(Disclaimer: Recommendations and views on the stock market and different asset courses given by specialists are their very own. These opinions don’t signify the views of The Times of India)