Top stock market recommendations: Tata Motors Passenger Vehicles, Colgate-Palmolive (India), and JSW Steel are the top stock picks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group has listed. He also shares his outlook for Nifty, and Bank Nifty for February 26, 2026:Index View: NiftyNifty once again found support at its 200-DMA, after a pressured session on Tuesday. The index has retraced from trade deal announcement highs and tested the 200-DMA, where it is now forming a consolidation structure. Any rebound from current levels is likely to face resistance near the 25,700 zone. A decisive close above this level would be required to trigger fresh upside momentum. On the downside, yesterday’s low of 25,325 is expected to act as a strong near-term support.For the current weekly expiry, the index is likely to remain range-bound between 25,325 and 25,700 as markets move ahead in the final expiry month of the fiscal.Bank NiftyOn a week to date basis Bank Nifty continued to outperform the Nifty and has formed an inside bar formation in Wednesday’s session. For the past 5 sessions the index has closed above its previous day’s low reflecting underlying strength after three consecutive weekly closes at lifetime highs. On the short-term hourly chart, the index has signalled a minor breakdown. However, this can be negated if Bank Nifty sustains trade above 61,260 in today’s session. From here, a broader trading range is likely to develop, with 60,500 acting as support on the downside and 61,750 as resistance on the upside.
Stock recommendations:
Tata Motors Passenger Vehicles (BUY):
- LCP: 382
- Stop Loss: 368
- Target: 418
Stock has confirmed a constructive shift in structure after breaking above the falling trendline and flag formation on the daily chart, indicating a potential trend reversal. The breakout follows a phase of tight consolidation, suggesting healthy absorption rather than at lower levels with price now attempting to establish acceptance above the breakout zone continuing the trend.Colgate-Palmolive (India) (BUY):
- LCP: 2270
- Stop Loss: 2180
- Target: 2450
Stock has been in a corrective phase since the beginning of September 2024. From November 2024 to mid-February 2026, the correction evolved into a well-defined channel. A bullish trendline breakout was recorded during last week’s trading in mid-February, followed by a continuation move on the upside. The stock has now registered its highest closing seen since November 2025, indicating improving momentum. While the 200-DMA near 2270 remains an immediate resistance, the broader chart structure and formation of higher lows suggest a higher probability of a breakout above this level likely to deliver an 8–10% upside from current levels, with targets around 2450 and higher. The setup remains valid as long as prices hold above the stop-loss zone near 2180.JSW Steel (BUY):
- LCP: 1275
- Stop Loss: 1225
- Target: 1395
Steel stocks continue to benefit from supportive global cues and have been gradually trending higher across the board. JSW Steel has been a clear underperformer amongst its peers over the past three to four months and is now on the verge of recording its highest-ever weekly close on the charts. The prevailing momentum remains constructive and is likely to push prices further higher. The setup stays intact as long as the stock holds near last week’s low of 1225, which acts as a near-term stop loss. Given the consistent formation of higher highs over the past two months, an additional upside of 8–10% cannot be ruled out. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
