Top stock market recommendations: Anant Raj, Sobha Ltd, and PNB Housing Finance have been identified as the top stocks to buy by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management for July 16, 2026. Views on Nifty and Bank Nifty have also been shared:
Stock recommendations:
Anant Raj (BUY):
- LCP: 573
- Stop Loss: 545
- Target: 650
An 18-month trendline breakout on weekly charts, supported by a 200 DMA crossover on the daily timeframe, signals strengthening price momentum. Backed by favourable sectoral tailwinds, the stock appears well-positioned to sustain its upward trajectory with potential for further gains towards 650 initially.Sobha Ltd (BUY):
- LCP: 1490
- Stop Loss: 1425
- Target: 1650
A strong 2-year breakout on daily charts, followed by a 200 DMA crossover after five months of waiting, signals a meaningful trend reversal. The stock appears to have completed its prolonged correction phase, paving the way for sustained buying interest and a potential continuation of the upward move towards the 1650 odd zone.PNB Housing Finance (BUY):
- LCP: 1104
- Stop Loss: 1065
- Target: 1200
The stock has broken out of a sloping trendline, closing at its highest weekly level in the last 21 months. A consistent pattern of higher highs and higher lows across both daily and weekly charts reinforces the bullish structure and suggests momentum is likely to remain intact. Initial upside is seen towards 1200 odd.Index View: NiftyAfter an indecisive weekly closing, Nifty has been attempting to stage a comeback on the upside however repeated sellers are being observed near the 24200 zone. With yesterday’s doji closing on Nifty market participants have turned to a wait and watch mode and aggressive short covering is likely to emerge only above 24300. Until then a 2% range between 23800 and 24250 is likely to get played for the week.Bank NiftyBank Nifty has bounced off from its 200 DMA support earlier this week and is on the verge of giving a positive weekly closing tomorrow. Overall, the outperformance of Bank Nifty versus Nifty is likely to hold on to for the rest of this month given the placement on ratio charts. Support continues to remain at 57250 odd while upside retest of 58000 / 58500 is continued to be seen.(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.)
