What's the outlook for Nifty this week? Check list of top stock recommendations
Key points
- Top stocks to buy (AI image) Stock market recommendations Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks to buy in the June 1-June 5, 2026 week by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities Nuvama Wealth Management Ltd R R Kabel Ltd Nifty View Bank Nifty View (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.) NUVAMA has staged an impressive recovery after taking support near its 20-day EMA on 18th May, rallying nearly 10.5% from the lows.
- The stock continues to exhibit strong bullish characteristics, with the RSI sustaining above the 60 mark, highlighting healthy momentum and sustained buying interest.On the weekly chart, rising MACD histogram bars along with the MACD line trading...
Quick Summary
Top stocks to buy (AI image) Stock market recommendations Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks
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This development is important because it may impact public opinion, policy decisions, and future developments related to What's the outlook for Nifty this week? Check list of top st.
Key Takeaways
- Top stocks to buy (AI image) Stock market recommendations Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks to buy in the June 1-June 5, 2026 week by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities Nuvama Wealth Management Ltd R R Kabel Ltd Nifty View Bank Nifty View (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.) NUVAMA has staged an impressive recovery after taking support near its 20-day EMA on 18th May, rallying nearly 10.5% from the lows.
- The stock continues to exhibit strong bullish characteristics, with the RSI sustaining above the 60 mark, highlighting healthy momentum and sustained buying interest.On the weekly chart, rising MACD histogram bars along with the MACD line trading above both the signal line and zero line further strengthen the positive outlook.
- Additionally, the stock remains firmly positioned above its key short and long-term moving averages on both daily and weekly charts, indicating trend strength.
- As long as momentum sustains, the stock is likely to extend its upward trajectory.Hence, we recommend to accumulate the stock in the zone of 1550-1560 with a stoploss of 1505.
📌 Source: Times of India
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