India's economy is stepping into 2026 with a promising Goldilocks phase. Analysts highlight strong GDP growth, moderating inflation, and lower interest rates. This combination creates a supportive environment for equities. The nominal GDP growth is expected to hit double digits. This move should aid a broad-based earnings recovery across sectors.
Global Trade Outlook Brightens
Global trade uncertainty is likely to ease in 2026. Tariff reversals and an anticipated India-US trade deal early in the year will help. HDFC Securities released a report detailing this optimistic view. The brokerage firm calls 2026 a Goldilocks year for India. Strong growth, falling rates, a stable currency, and easing global risks combine here. This mix creates a fertile backdrop for equities. Metals, BFSI, capital goods, and defence sectors should lead the charge.
Nifty 50 Target and Earnings Growth
HDFC Securities expects Nifty 50 earnings growth for FY27 to be around 16%. Corrected valuations and historically low FPI positioning create scope for upside. Short covering could drive this movement. The brokerage firm sets a Nifty target of 28,720 for 2026. This projection expects the benchmark to deliver an 11% yearly return.
Seven Technical Stock Picks for 2026
HDFC Securities has recommended seven stocks to buy in 2026. These technical stock picks include Engineers India, Granules India, Indus Towers, KFin Technologies, NMDC, Rolex Rings, and UPL. Each recommendation comes with specific buy ranges, target prices, and stop loss levels.
Engineers India
Buy Range: ₹205-211 | Target Prices: ₹238, ₹272 | Stop Loss: ₹182
Engineers India stock shows a converging triangle pattern on monthly charts. The price sits at the triangle's bottom. It holds above cluster support including the 10 and 20-month EMA. Monthly 14-period RSI is in a gradual ascending mode. The recommendation is to buy in the ₹205-211 range. Targets are ₹238 and ₹272 with a stop loss at ₹182 on a closing basis. The trade timeframe is one year.
Granules India
Buy Range: ₹617-633 | Target Prices: ₹720, ₹803 | Stop Loss: ₹540
Granules India share price forms higher tops and higher bottoms on monthly charts. It holds above the rising 20-month SMA, indicating long-term trend strength. The stock broke out and sustains above the breakout zone, confirming bullish structure. Volumes are picking up, validating the up-move. Monthly RSI crosses above 60, signaling strong bullish momentum. ADX above 20 confirms a strong trend. +DMI remains above −DMI, showing clear bullish dominance. Buy in ₹617-633 range for targets of ₹720 and ₹803 with stop loss at ₹540.
Indus Towers
Buy Range: ₹419-425 | Target Prices: ₹475, ₹505 | Stop Loss: ₹365
Indus Towers share price broke out from a downward sloping trend line on weekly charts. The primary trend is bullish as it sits above the 200-day EMA. Daily chart breakout occurs with higher volumes. The price is above all key moving averages, indicating uptrend on all time frames. Weekly RSI sustains above 50, showing sustained uptrend. Buy in ₹419-425 range for targets of ₹475 and ₹505 with stop loss at ₹365.
KFin Technologies
Buy Range: ₹1,070-1,105 | Target Prices: ₹1,265, ₹1,375 | Stop Loss: ₹998
KFin Technologies share price holding above ₹1,050 confirms strong demand and rejection of lows. Near support entry offers favorable risk–reward with 20–25% upside. Symmetrical triangle consolidation suggests a continuation breakout setup. Higher lows indicate strong accumulation and sustained buying interest. RSI near 50 shows bullish support with momentum turning up. MACD convergence signals a potential bullish crossover ahead.
NMDC
Buy Range: ₹82.60-85 | Target Prices: ₹94, ₹104 | Stop Loss: ₹73.4
NMDC share price witnessed a breakout from an inverted Head & Shoulders pattern. It forms higher tops and higher bottoms on all degrees, showing bullish dow formation. Trading above all key moving averages indicates an uptrend across all time frames. A strong bullish candle on the weekly chart confirms strong bullish momentum. Overall price structure and pattern look bullish.
Rolex Rings
Buy Range: ₹125-132 | Target Prices: ₹155, ₹200 | Stop Loss: ₹109
Rolex Rings share price made a double bottom pattern on long term charts. Momentum readings like the 14-month RSI bounced back from oversold levels. The stock broke out of a downward sloping trend line. It sits above the 20-day and 50-day SMA on the daily timeframe. Buy in ₹125-132 range for targets of ₹155 and ₹200 with stop loss at ₹109.
UPL
Buy Range: ₹770-790 | Target Prices: ₹875, ₹950 | Stop Loss: ₹690
UPL share price broke out from the downward sloping trend line on monthly charts. It forms higher tops and higher bottoms on weekly and monthly charts. The stock is above all key moving averages, indicating uptrend on all time frames. Weekly RSI sustains above 50, showing sustained uptrend. MACD is above signal and zero line on both weekly and monthly charts. The breakout from a seven-week consolidation comes with healthy volumes.
Disclaimer: The views and recommendations above are from individual analysts or broking companies, not of Mint. Investors should consult certified experts before making investment decisions.
