Stock market recommendations: AIA Engineering, and Cochin Shipyard are the top stocks to buy identified by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities for August 10, 2026 week. The expert has also shared a technical view on Nifty50 and Bank Nifty for the coming days:

Stock recommendations:

AIA EngineeringAIAENG has given a downward sloping trendline breakout on the daily timeframe. Since 20th July, the stock was largely moving in a 4712-4460 range, reflecting a period of low volatility and sideways bias. The stock now trades above key short and long-term moving averages, indicating an improvement in the near-term structure.The MACD line has crossed over the signal line and also reclaimed the zero line, signaling build-up of momentum on the bullish side. The rising ADX on the weekly timeframe indicates bullish trend strength. Hence, we recommend to accumulate the stock in the zone of 4740-4790 with a stoploss of 4600. On the upside, it is likely to test the level of 5125 in the short term.Cochin ShipyardCOCHINSHIP found strong support at the 1400 level twice since early June and saw a swift move on the upside. The stock has reclaimed its 20, 50 & 100-day EMA and has now closed at a touching distance from its 200-day EMA. There has been a healthy rise in the volumes since the last two trading sessions. The RSI, which was hovering below the 40 mark, saw a strong uptick and settled at 65, indicating renewed bullish momentum.The stock has also closed above the upper band of Bollinger bands for the last two trading days, a phenomenon often seen at the start of strong trends. Hence, we recommend to accumulate the stock in the zone of 1505-1525 with a stoploss of 1460. On the upside, it is likely to test the level of 1630 in the short term.Nifty ViewLast week, on the first trading session, the benchmark index Nifty gave a downward sloping trendline breakout on a daily scale. However, it has failed to witness follow-up moves and thereafter slide into the period of consolidation. Most noteworthy, the index has traded in a narrow range of 346 points, which was the narrowest weekly range since last week of December 2025. This shows lack of conviction from both bulls and bears.On a weekly scale, the index has formed a doji candle, which shows indecisiveness. Currently, the index is trading above its short and long-term moving averages. However, the momentum indicators and oscillators are portraying sideways trends.Going ahead, the zone of 24700-24750 will act as an important hurdle for the index. Any sustainable move above 24750 will lead to sharp upside rally upto the psychology of 25000, followed by 25200 in the short term. On the downside, the 200-day EMA zone of 24400-24350 will act as crucial support for the index.Bank Nifty ViewFor the second consecutive week, the banking benchmark index Bank Nifty has traded in a narrow range. Last week, the index traded near 900 points and formed a small body candle with shadows on either side. Broadly since the last 38 trading sessions, the index has been oscillating in the zone of 58706-56023 level.Due to the consolidation since the last couple of trading sessions, the crucial moving averages are quoting flat. The momentum indicators and oscillators are also suggesting sideways momentum. The daily RSI has been in the sideways zone since the last 22 trading sessions as per RSI range shift rules.Most noteworthy, the trend strength indicator, daily ADX is currently quoting at 11.49 level, which was lowest since July 2021. This shows lack of strength on either side.Going ahead, the zone of 58200-58300 will act as a crucial hurdle for the index. Any sustainable move above 58300 will lead to sharp upside rally up to the level of 59000, followed by 59600 in the short term. On the downside, the 50-day EMA zone of 57100-57000 will act as important support for the index.(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.)