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Stocks to buy: What’s the outlook for Nifty for the week starting November 24? Check list of top stock recommendations – The Times of India
According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are
Nifty View
“When the tide begins to rise but only a few boats lift with it, the ocean is hinting at a deeper story.”That’s the pulse of the Indian market right now. The Nifty index is hovering near fresh record highs — a stage typically filled with celebration and broad market excitement. Yet this time, the cheer appears confined to a select group of heavyweights. The rally looks impressive in headlines, but on the trading floor, the mood feels uneven like the market is trying to climb higher without full support from its players.Dig a little deeper and the picture shifts. Midcaps and Smallcaps — the segments that generally add strength and breadth to a bull run are undergoing a corrective phase. Their weakness signals that the ongoing upside may be missing the widespread participation needed for a truly robust trend. This split between the index and the broader market prompts a key question: Are we witnessing a genuine, healthy breakout, or is the shine of all-time highs hiding growing vulnerabilities?The broader market is clearly flashing caution. A strong and durable rally is built when leadership and breadth move in harmony — where frontline stocks lead and the broader universe keeps pace. Currently, strength remains concentrated in a handful of index majors, while a large set of stocks still struggles to find footing. This imbalance suggests that conviction is far from unanimous. The coming few trading sessions become critical — especially to monitor whether Midcaps and Smallcaps can stabilize and rejoin the upside, as their tone often determines the real depth of the trend.In the near term, the zone of 25900–25850 will be a crucial support cushion for Nifty. As long as the index holds above 25850, the upside structure remains intact, with potential moves toward 26300 and 26500 on the cards. For now, the index may be celebrating near the peak — but only the broader market’s behavior in the days ahead will reveal whether this climb transforms into a full-fledged bull run or stays a selective ascent wearing a bullish mask.
Bank Nifty View
Bank Nifty has been the standout performer in recent sessions, consistently leading the market with strong upward momentum and marking fresh all-time highs for four consecutive days. This robust advance underlines the strength and leadership of banking stocks within the current market environment.But Friday’s session signaled a temporary halt, as profit booking drove the index back below the 59000 mark. This pullback resulted in the formation of a Shooting Star candlestick on the weekly chart — a well-known bearish reversal pattern that often emerges near the top of an uptrend. The long upper wick reflects an initial bullish push that was ultimately overpowered by selling pressure, highlighting fatigue in buying interest at elevated levels.Momentum indicators are also hinting at caution. The RSI has slipped below its 9-day EMA, and both are pointing downward. A bearish divergence on the daily timeframe further supports the view of a potential near-term cooling phase. Collectively, these signals indicate that the index may shift into consolidation mode before attempting another breakout.From a levels perspective, 58600–58500 is the immediate support zone to watch. A decisive close below 58500 could accelerate weakness toward 57700. On the flip side, 59200–59400 stands as the first major barrier for the bulls. Only a sustained move above 59400 would invalidate the current cautionary signals and reopen the path for a continued northward move.In short, Bank Nifty remains structurally strong — but short-term fatigue calls for a vigilant approach in the coming sessions.
Stock recommendations:
Narayana Hrudayalaya
Since early August, NH had been consolidating in a 1863–1693 range. On 17th November, the stock delivered a strong breakout above this zone, backed by a sharp spike in volumes, indicating aggressive buying interest. Post breakout, NH has continued to move steadily higher, showing sustained strength. The rising MACD histogram bars indicate that bullish momentum is building on the upside. Meanwhile, the ADX has inched marginally above 25, signalling that a strong trend is beginning to form. Overall, the price action combined with improving momentum indicators suggests that the stock is well-positioned for further upside. Hence, we recommend accumulating the stock in the zone of 2050-2030 with a stoploss of 1960. On the upside, it is likely to test the level of 2200 in the short term.
Indigo
Indigo (Interglobe Aviation) has been rising steadily after taking strong support near its 100-day EMA around 5685–5690 three sessions ago. The RSI has climbed from 49 on 18th November to 55 on 21st November, indicating improving bullish momentum as buyers regain control. In the ADX indicator, the +DI crossing above –DI signals that buying strength is now dominating over selling pressure. The combination of a rebound from a key moving-average support and strengthening momentum indicators suggests that the stock is well-positioned for further upside, with the recent bounce likely marking the start of a short-term positive phase. Hence, we recommend to accumulate the stock in the zone of 5850-5800 with a stoploss of 5660. On the upside, it is likely to test the level of 6250 in the short term.
(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)
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
JSW Jetour T2 Launch: JSW Motors Limited, the passenger vehicle arm of the JSW Group, is reportedly preparing to enter the Indian car market this year. It has partnered with Jetour, a China-based automotive brand owned by Chery Automobile, and the Jetour T2 SUV could be the company’s first product, according to the reports.
Media reports suggest that the launch will happen independently and not under the JSW MG Motor India joint venture. The SUV will wear a JSW badge and name, instead of the Jetour branding. The upcoming SUV will be assembled at JSW’s upcoming greenfield manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra.
According to the reports, the company plans to have the vehicle on sale by the third quarter of this year. With this move, JSW aims to establish itself as a standalone carmaker in India.
Expected Powertrain
The SUV is likely to arrive with a 1.5-litre plug-in hybrid setup. Internationally, this hybrid powertrain is offered with both front-wheel drive and all-wheel drive options. It is still unclear which version will be introduced in India.
Design
In terms of design, the T2 is a large and rugged-looking SUV. It has a boxy and upright stance, similar to vehicles like the Land Rover Defender. Despite its tough appearance, it uses a monocoque chassis instead of a ladder-frame construction.
Size
The SUV measures around 4.7 metres in length and nearly 2 metres in width. This makes it larger than the Tata Safari, even though it is a five-seater. A longer 7-seat version is also sold in some markets.
Price
Pricing details for India are yet to be announced. For reference, the front-wheel-drive five-seat T2 i-DM is priced at AED 1,44,000 (around Rs 35 lakh) in the UAE.
Jetour
Jetour is a brand owned by Chinese automaker Chery. Launched in 2018, it focuses mainly on SUVs and is present in markets across China, the Middle East, Africa, Southeast Asia and Latin America.
John Swinney has been pressed over whether this week’s Scottish Budget gives some workers the “smallest tax cut in history” – with Tory leader Russell Findlay branding the reduction “miserly” and “insulting”.
The Scottish Conservative leader challenged the First Minister after Tuesday’s Holyrood Budget effectively cut taxes for lower earners, by increasing the threshold for the basic and intermediate bands of income tax.
But Mr Findlay said that would leave workers at most £31.75 a year better off – saying this amounts to a saving of just £61p a week
“That wouldn’t even buy you a bag of peanuts,” the Scottish Tory leader said.
“John Swinney’s Budget might even have broken a world record, because a Scottish Government tax adviser says it ‘maybe the smallest tax cut in history’.”
Raising the “miserly cut” at First Minister’s Questions in the Scottish Parliament, Mr Findlay demanded to know if the SNP leader believed his “insulting tax cut will actually help Scotland’s struggling households”.
The attack came as the Tory accused the SNP government of increasing taxes on higher earners, with its freeze on higher income tax thresholds, which will pull more Scots into these brackets.
This is needed to pay for the “SNP’s out of control, unaffordable benefits bill”, the Conservative added.
Mr Findlay said: “The Scottish Conservatives will not back and cannot back a Budget that does nothing to help Scotland’s workers and businesses.
“It hammers people with higher taxes to fund a bloated benefits system.”
Hitting out at Labour – whose leader Anas Sarwar has already declared they will not block the government’s Budget – Mr Findlay said: “It is absolutely mind-blowing that Labour and other so-called opposition parties will let this SNP boorach of a budget pass.
“Don’t the people of Scotland deserve lower taxes, fairer benefits and a government focused on economic growth?”
Mr Swinney said the Budget “delivers on the priorities of the people of Scotland” by “strengthening our National Health Service and supporting people and businesses with the challenges of the cost of living”.
He insisted income tax decisions in the Budget would mean that in 2026-27 “55% of Scottish taxpayers are now expected to pay less income tax than if they lived in England”.
The First Minister went on to say that showed “the people of Scotland have a Government that is on their side”.
Referring to polls putting his party on course to win the Holyrood elections in May, the SNP leader added that “all the current indications show the people of Scotland want to have this Government here for the long term”.
Benefits funding is “keeping children out of poverty”, he told MSPs, adding the Budget contained a “range of measures” that would build on existing support.
The First Minister said: “What that is a demonstration of is a Government that is on the side of the people of Scotland and I am proud of the measures we set out in the Budget on Tuesday.”
Meanwhile he said the Tories wanted to make tax cuts that would cost £1 billion, with “not a scrap of detail about how that would be delivered”.
With the weekly leaders’ question time clash coming less than 48 hours after the draft 2026-27 Budget was unveiled, the First Minister also faced questions from Scottish Labour’s Anas Sarwar, who insisted that the proposals “lacks ambition for Scotland”.
Pressing his SNP rival, the Scottish Labour leader said: “While he brags about his £6 a year tax cut for the lowest paid, one million Scots including nurses, teachers and police officers face being forced to pay more.
“Even his own tax adviser says this is a political stunt. So why does John Swinney believe that someone earning £33,500 has the broadest shoulders and therefore should pay more tax in Scotland?”
Mr Swinney, however, said that many public sector workers would be better off in Scotland.
He told the Scottish Labour leader: “A band six nurse at the bottom of the scale will take home an additional £1,994 after tax compared to the same band in England.
“A qualified teacher at the bottom of the band will take home £6,365 more after tax in Scotland than the equivalent in England. There are the facts for Mr Sarwar.”
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