Stock market recommendations: Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities recommends Indian Hotels Company, and Equitas Small Finance Bank as top stocks to buy for the July 13-July 17, 2026 week. Technical outlooks for Nifty, and Bank Nifty have also been shared:
Stock recommendations
Indian Hotels CompanyINDHOTEL has given a breakout above its downward-sloping trendline resistance, followed by a successful retest and a strong rebound on the weekly timeframe, reinforcing the bullish structure. The stock continues to trade comfortably above its key short and long-term moving averages, highlighting sustained buying interest. On the weekly timeframe, the RSI has steadily climbed above the 60 mark, indicating strengthening bullish momentum.Additionally, the rising MACD histogram bars suggest improving upside momentum and support the positive outlook. The ratio line in INDHOTEL/NIFTY ratio chart has also witnessed a fresh horizontal trendline breakout, signalling potential relative outperformance against the benchmark and strengthening the case for further upside. Hence, we recommend to accumulate the stock in the zone of 746-754 with a stoploss of 720. On the upside, it is likely to test the level of 810 in the short term.Equitas Small Finance BankEQUITASBNK has given a breakout from a symmetrical triangle pattern on the daily chart, signalling the resumption of its upward trend. The breakout is backed by a healthy surge in trading volumes, adding credibility to the positive price action. The RSI has also broken above its downward-sloping trendline, indicating strengthening bullish momentum. Further reinforcing the positive outlook, the MACD has delivered a bullish crossover above the signal line while sustaining above the zero line, reflecting improving trend strength. Additionally, the ratio line in EQUITASBNK/NIFTY ratio chart has registered a fresh breakout, suggesting that the stock is well positioned to outperform the benchmark in the near term. Hence, we recommend to accumulate the stock in the zone of 82-83 with a stoploss of 79.5. On the upside, it is likely to test the level of 89 in the short term.Nifty ViewFrom a technical standpoint, Nifty remains range-bound around its key moving averages, which have largely flattened due to the prolonged sideways trend. Momentum indicators continue to reflect a neutral bias, as both the daily and weekly RSI remain range-bound, while the daily ADX has slipped to 12.05, indicating weak trend strength.Going forward, the 24500-24550 zone will remain a key resistance area, while 23950-23900 is expected to provide crucial support. A decisive move beyond either of these levels could determine the index’s next directional trend.Bank Nifty ViewGoing ahead, the 58500-58600 zone will remain a crucial resistance area for Bank Nifty. A decisive and sustained move above 58600 could trigger fresh buying momentum, paving the way for a rally towards 59200, with the psychologically important 60000 level emerging as the next upside target. On the downside, the 57400-57300 zone, coinciding with the 20-day EMA, is expected to provide strong support and help maintain the index’s positive bias in the near term. (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.)
