On June 15, 2026, Aakash K Hindocha, Vice President - Research at Nuvama Professional Clients Group/Nuvama Wealth Management, recommended buying three stocks: Bharat Electronics Ltd (BEL), Canara Bank, and TVS Motor Company. He also provided his technical outlook for Nifty and Bank Nifty.
Stock Recommendations
Bharat Electronics Ltd (BUY)
Last Closing Price: 419.85
Stop Loss: 400
Target: 470
The stock had been consolidating in a tight falling channel for the past two months. Yesterday’s move broke out of that channel strongly, accompanied by above-average volumes. The 400 level has repeatedly acted as a base, and prices have now jumped to recapture the 200-day moving average. A strong follow-up move of another 10% is expected.
Canara Bank (BUY)
Last Closing Price: 135.24
Stop Loss: 129.50
Target: 148
Prices have been consolidating in a tight pennant pattern for the past 1.5 months. With the pattern nearly complete, an explosive move is anticipated. The ADX at current levels of 10 has historically signaled reversals for the stock, adding confidence. Yesterday, prices stood strong near the breakout, making it a lucrative spot for a long position. Strong support resides near the base of the pattern around 130.
TVS Motor Company (BUY)
Last Closing Price: 3448.70
Stop Loss: 3300
Target: 3760
This stock has repeatedly seen demand from 3300 levels since March 2026, forming an important inflection point. Over the past week, prices rebounded strongly from this base with above-average volumes. A healthy pause occurred over the past two trading days, but gains have not been surrendered. With the RSI improving above 50, the stock appears geared for a follow-through move towards 3760.
Index View
Nifty
A follow-through of Monday’s falling wedge breakout was witnessed yesterday, with 24000 standing as strong support. The index is undergoing a 1000-point upside momentum-driven breakout after its weekly closing above 23400 on Friday. Immediate upside levels to watch are 24150 followed by 24600. Dips below 23850 can be considered to add to existing longs, while support remains at 23500.
Bank Nifty
Bank Nifty stood its ground after ending at a 7-week high and closing above its swing high. The Doji formed on Tuesday was superseded by yesterday’s move, closing above 57400. The index has settled firmly above its 200-day moving average for the past three consecutive sessions. This level (near 57000) is now acting as support. On the upside, 58800 can unfold in the medium term.
Market Round-Up of Wednesday’s Session
The market value of companies listed on the BSE climbed back above the $5 trillion milestone, with investor wealth increasing by Rs 22.78 lakh crore as benchmark indices extended their rally for a fourth consecutive session on Wednesday. Sentiment remained supported by lower crude oil prices after the US and Iran reached a peace agreement.
Over the past four trading sessions, the BSE Sensex gained 3,323.07 points, or 4.50%, while the NSE Nifty rose 924.1 points, or 3.98%.
Domestic benchmark indices ended higher on Wednesday, extending their winning streak to four sessions. The 30-share Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it touched an intraday high of 77,218.99, up 410.51 points or 0.53%. The Nifty50 gained 96.55 points, or 0.40%, to settle at 24,085.70. Earlier in the day, the index climbed as much as 119.05 points, or 0.49%, to reach 24,108.20.
Among Sensex constituents, Trent emerged as the top performer with a gain of 7.06%. Other notable gainers included Bharat Electronics, Eternal, Tata Steel, Infosys, Titan, and Bharti Airtel. On the other hand, Bajaj Finserv, Axis Bank, Kotak Mahindra Bank, and Mahindra & Mahindra were among the stocks that ended lower.
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.
