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

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Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Apollo Tyres, and Nykaa are the top stock picks for this week. Here’s his view on Nifty, Bank Nifty for the week beginning August 25, 2025:Nifty ViewLast week, the benchmark index Nifty started the week on a robust footing, supported by a sequence of optimistic macroeconomic and coverage cues. The rally was largely attributed to S&P Global Ratings upgrading India’s sovereign outlook, which boosted investor sentiment round the nation’s financial prospects.Additionally, Prime Minister Narendra Modi’s announcement of next-generation GST reforms, anticipated to be applied by Diwali, added additional energy to the rally. These reforms are aimed toward simplifying the tax regime and easing the burden on shoppers and MSMEs, thereby fostering broader financial development.The optimistic momentum continued via the week, pushing the index to a excessive of 25153 by Thursday. However, regardless of the sturdy upmove, Nifty was unable to decisively clear the 61.8% Fibonacci retracement degree of the earlier corrective transfer (from 25669 to 24337). This key resistance degree led to profit-taking on Friday, leading to the formation of a bearish candlestick with an extended higher shadow, usually indicating promoting strain at greater ranges.On the every day chart, the index has fashioned an Evening Star candlestick sample, which is usually thought-about a bearish reversal sign. This, mixed with the rejection at a vital Fibonacci degree, means that the bulls could also be shedding momentum, and a section of consolidation or a corrective transfer may unfold until contemporary optimistic triggers emerge. Notably, throughout this pullback rally, the RSI failed to transfer previous the 60 mark, indicating restricted energy in momentum.Looking forward, the 100-day EMA zone of 24650–24600 is predicted to act as a key assist space for the index. On the upside, the 25050–25100 zone will function a important resistance. A decisive transfer past both of these ranges may set the tone for the subsequent directional development in the index.Bank Nifty ViewBank Nifty continued to underperform the broader market final week, reflecting ongoing weak point in banking shares. After touching a weekly excessive of 56156, the index noticed a pointy decline of over 1000 factors, finally closing at 55150, down 0.35% for the week. This decline led to the formation of a big bearish candle on the weekly chart, highlighting the dominance of sellers all through the week.The relative weak point can be evident in the Bank Nifty/Nifty ratio, which has slipped to a 65-day low, underscoring the sector’s lag in contrast to the broader market. From a technical standpoint, the index is now buying and selling under its 20-day and 50-day EMAs, each of that are trending downward — an indication of weakening short- to medium-term momentum.Adding to the cautious outlook, the every day RSI is nearing the 40 mark, indicating fading inner energy and growing draw back threat. Unless a robust reversal or optimistic set off emerges, the index might stay below strain in the close to time period.Looking at key ranges, the 54900–54800 zone will act as instant assist. A sustained transfer under 54800 may open the door for additional draw back towards 54300, adopted by the 200-day EMA at 53544. On the upside, the 55600–55700 zone will function a vital resistance space for the index.Stock recommendationsApollo TyresThe stock has damaged out of a falling channel sample final week, signalling a possible development reversal. The breakout was accompanied by sturdy quantity, lending credibility to the transfer. On the weekly chart, the stock has fashioned a sizeable bullish candle — its first vital optimistic shut since May 2025, indicating renewed shopping for curiosity. Technically, the stock has additionally moved above its key transferring averages on each the every day and weekly timeframes, reinforcing the bullish setup. Additionally, the every day RSI is hovering close to the 60 mark, suggesting bettering momentum. Overall, the mixture of sample breakout, quantity affirmation, and bettering momentum indicators factors to a optimistic short-term outlook for the stock. Hence, we suggest to accumulate the stock in the zone of 466-462 degree with a stoploss of Rs 445. On the upside, it’s possible to take a look at the degree of 510 in the brief time period.NykaaLast week, the stock witnessed a breakout from a Stage-2 cup sample on the every day chart, supported by strong quantity, confirming sturdy shopping for curiosity. This breakout marks a major technical growth, particularly as the stock is now buying and selling close to its all-time excessive, reflecting sturdy bullish sentiment. From a development perspective, the stock is well-positioned above all its key transferring averages on each the every day and weekly timeframes, indicating a well-established uptrend. Moreover, momentum indicators are aligned with the bullish view, with the RSI firmly in bullish territory throughout each timeframes, suggesting sustained energy and room for additional upside. Given the mixture of sample breakout, quantity affirmation, and robust momentum, the stock seems poised for continued outperformance in the close to time period. Hence, we suggest to accumulate the stock in the zone of 225-223 degree with a stoploss of Rs 215. On the upside, it’s possible to take a look at the degree of 250 in the brief time period.(Disclaimer: Recommendations and views on the stock market and different asset courses given by consultants are their very own. These opinions don’t symbolize the views of The Times of India)