Top stock market recommendations: Persistent Systems, Sagility, and Waaree Energies – these are the top stocks to buy that Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth has identified for October 22, 2026. He has also shared his views on Nifty and Bank Nifty:Persistent Systems (BUY):

A bullish pole and flag pattern clubbed with a 200 DMA crossover on daily charts has allowed the chart to break out from its correction which was in place from the start of this year. Weekly charts are on track to end at the highest closing price in the past 8 months. A quick 8-10% upside opens from CMP.Sagility (BUY):

A higher low structure has been formed on SAGILITY’s daily charts, with stock once again reclaiming back above its 200 DMA. The structure is on track to give a breakout above its consolidation zone ending above 45.5/sh. A quick 8-10% move is likely to unfold above the same.Waaree Energies (BUY):

Stock has given a 6-month sloping trendline breakout earlier this month and with the retracement seen yesterday it has retested this breakout zone confirming the presence of buyers at these lower prices. This also coincides with a 50% retracement of its recent rally witnessed in the past fortnight of trading. Upside opens for another 8-10% from CMP.Index View: Nifty and Bank NiftyNifty has retested its 200 WMA on downside after reclaiming and negating the same last week with a weekly closing above 23100. Given that this retracement co-indices with a 50% retracement of its recent rally of 1000 odd points, current leg is now open for a retest of 23100 and beyond and dip below 22800 are likely to get bought into.Brent crude has surged to a 6 month high of $110 per barrel on the active contract while spread between US10Y and India 10Y is now nearing 230 bps from a low of 180 bps at the start of this month.Bank Nifty has lost 1.5% so far this week after completing both of its targets of 55500 – 55750 this week. The index has marked its first instance of 2 consecutive weekly closing in green in the past 100 days which is a sign in marking an end of its downtrend. 54700 is likely to act as immediate support while 56000 only again is set to be a target on the upside given the chart set up seen currently.BSE Sensex weekly expiry is scheduled for today while the weekly closing is seen on Friday.(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.)