Stocks to buy: What’s the outlook for Nifty for the week starting November 17? Check list of top stock recommendations

Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are City Union Bank, and Belrise Industries. Here’s his view on Nifty, Bank Nifty for the week starting November 17, 2025:Nifty View:The benchmark index Nifty staged a solid rebound after taking support in the 25300–25330 zone—an area marked by the confluence of the 50-day EMA and the 50% Fibonacci retracement of the prior upswing from 24587 to 26104. This technical alignment provided a strong platform for recovery, propelling the index nearly 700 points higher from the recent low of 25318 within just five sessions.Friday’s session began with a gap-down opening, followed by a largely sideways movement. However, a sharp surge in the final hour revived bullish sentiment, supported by market optimism as the NDA secured a notable lead in the Bihar elections. Nifty ended the week above 25900, posting a healthy 1.64% gain and forming a bullish candle, signaling continued strength. Additionally, Nifty Midcap 100 and Bank Nifty registered fresh all-time highs during the week, adding to the upbeat tone.Technically, the index is positioned well above its key moving averages, all of which are trending higher—indicating sustained positive momentum. Both daily and weekly RSI readings remain comfortably in bullish territory, suggesting the uptrend could extend further. Going ahead, we anticipate a move towards 26200 initially, followed by 26500 in the short term.On the lower side, the 20-day EMA zone around 25700–25650 remains a crucial support buffer. A decisive break below this area may invite profit-taking, but unless that happens, the near-term outlook stays positive. Sector-wise, leadership is expected from Private Banks, PSU Banks, Financial Services, Defence, Automobiles, Oil & Gas, Capital Markets, Infrastructure, and Pharma space.Bank Nifty ViewAfter three successive weeks of sideways consolidation, Bank Nifty has finally staged a decisive breakout, fueling a strong upward move and clocking a fresh all-time high. The index closed the week above 58500, forming a sizable bullish candle on the weekly chart—clearly signalling renewed strength in banking stocks.With the index now trading at record highs, all major moving averages remain aligned upward, reaffirming the prevailing bullish trend. Momentum indicators are also supportive: both daily and weekly RSI are positioned firmly in positive territory, while a rising weekly MACD histogram reflects increasing upside momentum, adding confidence to the breakout structure.Looking ahead, the 58700–58800 zone will serve as a crucial resistance area. A sustained close above 58800 may open the door for a sharp rally toward 59500, followed by 60200 in the near term. On the downside, the 20-day EMA range of 57800–57700 is expected to act as a strong demand zone, ensuring the broader bias remains constructive as long as this support holds.

Stock recommendations:

City Union BankCity Union Bank (CUB) has given a bullish Flag breakout on a daily scale, backed by rising volumes that validate the strength of the breakout. The MACD slope is trending upwards, signalling sustained bullish momentum and reinforcing the shift in favour of buyers. Price action remains firmly above key short and long-term moving averages, highlighting a strong underlying trend. The stock also closed near the upper Bollinger Band, indicating persistent buying pressure and suggesting that price may continue to push higher within the band. Overall, the setup remains firmly bullish, with potential for further upside. Hence, we recommend to accumulate the stock in the zone of 271-268 with a stoploss of 258. On the upside, it is likely to test the level of 290 in the short term.Belrise IndustriesBelrise has broken out of its tight 143–158 consolidation range, a structure that persisted through most of October. The breakout on 13th November, accompanied by strong volumes, confirms renewed buying interest. Price has now closed above the upper Bollinger Band for two consecutive sessions, highlighting strong upside momentum. RSI has surged and is now positioned at 69.27, reflecting firm bullish strength.The MACD histogram bars continue to rise, indicating accelerating momentum as bullish pressure builds, while the MACD line staying above both the signal line and the zero line reinforces a positive trend structure. Overall, Belrise appears set for continued upside. Hence, we recommend to accumulate the stock in the zone of 165-163 with a stoploss of 156. On the upside, it is likely to test the level of 175 in the short term.(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)