Top stock market recommendations: Vedanta, Central Depository Services (India) Ltd (CDSL), and Ashok Leyland – Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth has picked these as the top stocks to buy on August 27, 2026. He has shared his views on Nifty and Bank Nifty:Vedanta (BUY):
- LCP: Rs 286.50
- Stop Loss: Rs 273
- Target: Rs 314
After finding support near its 200-day moving average, VEDL has also closed and held firmly above its 50-day moving average since 4 trading sessions. Yesterday’s move not only re-affirmed a trend line breakout but also provided a cup-and-handle pattern breakout, creating an increasingly attractive picture for the stock. This candle’s low near 273 is now seen as a strong base.Central Depository Services (India) Ltd (BUY):
- LCP: Rs 1434
- Stop Loss: Rs 1375
- Target: Rs 1555
Since the past 1.5 years, the CDSL stock is gradually forming a symmetrical triangle pattern. With price located right at the brink of this pattern’s upper bound and with 60% of the pattern’s shape already complete, a fresh breakout seems likely from current levels. On the daily chart, the 50 and 20 SMA crossover is providing further optimism for an upward move.Ashok Leyland (BUY):
- LCP: Rs 179.05
- Stop Loss: Rs 171
- Target: Rs 196
So far this month, ASHOKLEY had consolidated after a swift up move between late-July and early-August. Now, price action suggests a continuation of this uptrend. Furthermore, the 14-day RSI also cooled off towards 55 and is now strongly moving above 60, signifying a pickup of momentum. Stock appears well-set for a trend continuation upwards, with support near its 200-day moving average placed near 170-171.Index View: NiftyNifty trended lower yesterday followed by a lower closing after the CAS session, marking Nifty’s candle at half a percent in red for the day. Overall, the range of 24000 – 24200 continues to be a strong base for the index. Continuing a buy on dip stance, we expect the upside to unfold towards 200 DMA resistance near 24660.Bank NiftyBank Nifty was relatively stronger in yesterday’s session, closing half a percent higher. The index continues to hold on to its 6.5-year polarity support and has been finding repeated buyers near the 57150 mark. With the same point of 57150 acting as support for upside of 58300 / 58600, Bank Nifty continues to attract fresh buyers on dips as its 200 DMA has been reclaimed after a brief stint below the same.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
