Top stocks to buy in upcoming week: Nifty broader trend still bullish

Stock marketplace recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBICAP Securities, Chennai Petroleum Corporation, and KPR Mill are the apical banal picks for the upcoming week. Here’s his presumption connected Nifty, Bank Nifty and the apical banal picks with a 3-month horizon:Index View: NiftyThe benchmark scale Nifty wrapped up the week connected a level and uneventful note, moving wrong a choky set of conscionable 338 points — its narrowest play scope since February 2023. This subdued terms enactment points to a wide deficiency of condemnation among marketplace participants, arsenic the scale struggles to find caller triggers for a directional move.

The communicative was nary antithetic crossed the broader market. The Nifty Midcap 100 scale mirrored this lethargy, clocking a scope of lone 606 points, its lowest play question since November 2023.

Meanwhile, the Nifty Smallcap 100 was adjacent much muted, confined to a choky 257-point scope which was the lowest play scope since July 2023.Such compressed trading ranges crossed large-cap, mid-cap, and small-cap spaces underline a signifier of marketplace indecision and consolidation.

And for intraday and short-term traders, this situation tin beryllium peculiarly frustrating. With volatility drying up and terms moves becoming progressively shallow, identifying tradable setups becomes challenging. Opportunities to thrust speedy momentum are scarce, and whipsaws are much communal — making this 1 of the toughest phases for progressive traders.Yet, amid this sluggishness, the broader inclination inactive leans bullish.

The Nifty continues to commercialized supra its cardinal abbreviated and semipermanent moving averages, keeping the structural uptrend intact. But not everything is rosy nether the surface. Momentum indicators are starting to flash informing signs. The regular RSI has slipped beneath the 60 people and is heading lower, hinting astatine fading strength. The Fast Stochastic is present beneath the Slow line, indicating imaginable short-term weakness.

Adding to the caution, the MACD histogram has been connected a declining way for the past 4 sessions, further suggesting that momentum is cooling off.In short, portion the longer-term inclination is inactive intact, the marketplace is presently caught successful a low-energy portion — 1 that’s hard to commercialized and adjacent harder to predict. Traders whitethorn beryllium amended disconnected adopting a wait-and-watch attack until the adjacent breakout oregon breakdown provides clarity. Talking astir important levels, the 20-day EMA portion of 25250-25200 volition enactment arsenic contiguous enactment for the index. On the upside, the portion of 25600-25650 volition enactment arsenic a important hurdle for the index.

A decisive breakout connected either broadside volition pb to trending moves successful the index. Bank Nifty ViewThe banking benchmark Bank Nifty scaled a caller all-time precocious during Wednesday’s session, but the euphoria was short-lived arsenic the scale witnessed a mild throwback successful the second fractional of the week. It yet settled supra the 57000 mark, registering a play nonaccomplishment of 0.72%, and formed a bearish candle with a insignificant little shadow.Despite this short-term pullback, the broader inclination remains bullish, with the scale comfortably trading supra its cardinal abbreviated and semipermanent moving averages. Going ahead, the 20-day EMA portion of 56600-56500 volition enactment arsenic contiguous enactment for the index. As agelong arsenic the scale is trading supra 56500 level it is apt to trial the level of 57500, followed by 58200 successful the abbreviated term. Stock Recommendations:

Chennai Petroleum Corporation banal has registered a decisive breakout supra a horizontal trendline connected the regular chart, backed by beardown volumes, confirming the spot of the move.

Importantly, it formed a sizable bullish candle connected the breakout day, further validating bullish intent. It is presently trading good supra its abbreviated and semipermanent moving averages, reflecting a beardown underlying trend.Additionally, momentum indicators are aligned with the terms action, pointing to sustained bullish momentum. Hence, we urge to accumulate the banal successful the portion of 775-765 level with the stoploss of Rs 730.

On the upside, it is apt to trial the level of 855 successful the abbreviated term.

KPR Mill banal has marked the precocious of 1389 connected May 09 and thereafter it has witnessed a correction, which was halted adjacent its 50-day EMA level. The banal has formed a beardown basal adjacent its 50-day EMA level and it has resumed its northward journey. On Friday, it has fixed a horizontal trendline breakout connected the regular standard on with robust volume. Interestingly, the regular RSI surged supra 60 people for the archetypal clip aft May 2025 and it is successful rising mode. Hence, we urge to accumulate the banal successful the portion of 1190-1180 level with the stoploss of Rs 1140. On the upside, it is apt to trial the level of 1260 successful the abbreviated term.(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)