Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, has recommended buying Varun Beverages, Max Healthcare Institute, and Page Industries as top calls for May 21, 2026. He also shares his outlook on Nifty and Bank Nifty.
Index View: Nifty
Nifty has been range-bound for the past seven trading days, with buyers emerging near and below 23,400 while sellers appear above 23,760. These levels have created an NR7 pattern. A close on either side is likely to trigger a follow-through of 300-400 points. On the downside, a decisive close below 23,400 is needed for the index to test 23,150. Fresh upside opens only above 23,760.
Bank Nifty
Bank Nifty has seen marginal cuts this week. Monday's low of 52,800 remains a key support level. Any dips below 53,400 are expected to be bought into, targeting 53,900 and 54,400 on the upside.
Stock Recommendations
Varun Beverages (BUY)
LCP: 514
Stop Loss: 484
Target: 545
After a breakout from an 18-month corrective consolidation on weekly charts earlier this fiscal, the stock has given an additional short-term breakout on daily charts, which can act as a tailwind on the currently formed pole and flag pattern.
Max Healthcare Institute (BUY)
LCP: 1,075
Stop Loss: 1,025
Target: 1,160
The stock rejected a break below 950 last month and has now broken out on weekly charts from a 10-month correction. A quick 7-8% upside is unfolding.
Page Industries (BUY)
LCP: 38,285
Stop Loss: 36,800
Target: 40,900
After a strong recovery last month, the current pullback has allowed a pole and flag breakout on daily charts, targeting around 41,000.
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.
