Top stock market recommendations for today, May 14, 2026, have been provided by Aakash K Hindocha, Deputy Vice President - WM Research at Nuvama Professional Clients Group. The expert has shortlisted Grasim Industries, Hindustan Unilever, and National Aluminium Co as the top stocks to buy. Additionally, he shares his outlook on the Nifty and Bank Nifty indices.
Index View: Nifty
Nifty witnessed follow-up selling with minimal to no recovery throughout the session, completing both downside targets opened earlier this week at 23,550 and 24,400. It has closed below 24,400, which further opens downside to 23,150. This downside remains open unless we see a closing above yesterday's high of 23,760. Despite some breather seen in today's session, charts indicate a continuation towards the 23,150 level.
Bank Nifty
Bank Nifty also completed its target of a 50% retracement, as explained earlier this week, at 53,700. It has further opened downside towards 52,800, in sync with Nifty, as there is an unattended gap to be filled. Negation of this view stands at a closing above 54,370.
Stock Recommendations
Grasim Industries (BUY)
- Last Closing Price: 2,939
- Stop Loss: 2,820
- Target: 3,200
The stock made a fresh all-time closing on a day when frontline and broader markets saw intensive selling due to external factors, indicating money flow in a weak market. This also marks an end to its 22-month sideways consolidation and a breakout from the same, suggesting a 7-9% upside rally as the stock has confirmed its highest ever weekly closing.
Hindustan Unilever (BUY)
- Last Closing Price: 2,307
- Stop Loss: 2,222
- Target: 2,400
HUL is forming a bullish flag pattern on daily charts after a 12-15% rally from its recent low. Though the stock has underperformed the broader market in the current recovery due to technical consolidation seen on charts, its breakout on the higher side is far more expected than on the lower side. With a 4% stop loss, a target of 8-10% upside should be considered for trading.
National Aluminium Co (BUY)
- Last Closing Price: 406
- Stop Loss: 385
- Target: 445
The stock has been in a sideways move after a strong breakout witnessed earlier last month. The tailwind that was missing is now likely to push the stock within the index higher as the Nifty Metal index hits a new all-time high, with the structure on NALCO remaining unchanged post the breakout. An 8-10% rally is expected to unfold from the current market price, which is the range of the stock that broke out last month.
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.
About the Author
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