The Indian stock market commenced the final trading week of the month on a positive note, with benchmark indices climbing higher on Monday. This upward movement was largely fueled by an optimistic trend in global markets, setting a confident tone for investors.
Market Performance and Key Levels
The benchmark Sensex advanced by 0.2%, while the broader Nifty 50 index was trading above the 26,100 level. This builds on the momentum from the previous week, where the Nifty 50 registered a gain of 0.61%. However, the formation of a small bullish candle with shadows on the weekly chart indicated some indecision among traders regarding the immediate market direction.
Analysts at Axis Securities pointed out that the index is currently trading at a critical resistance zone near its all-time high. They believe that a decisive close above 26,250 could act as a catalyst for fresh buying, potentially propelling the Nifty 50 towards the 26,500 – 26,700 range. On the flip side, a break below the 26,000 mark might trigger selling pressure, pulling the index down towards 25,850 – 25,500. Key support levels are identified at 25,844, which is the 20-day Simple Moving Average (SMA), and the 25,500 zone.
Stocks to Buy This Week
For the week ahead, Axis Securities anticipates the Nifty 50 to move within a broad range of 26,700 to 25,500 with a mixed bias. Based on a positive technical setup, the brokerage has recommended three stocks for investors to consider.
1. Mahindra and Mahindra Financial Services
Axis Securities recommends a 'Buy' on M&M Financial Services in the price range of ₹335 - ₹328. The stock has shown a decisive breakout above its consolidation zone of ₹231 – ₹342 on the weekly charts, confirmed by a strong bullish candle. This signals the end of its consolidation phase and the beginning of a new medium-term uptrend. Momentum indicators like the RSI are also supporting this strength. The suggested target prices are ₹359 - ₹375, with a stop loss set at ₹319. The recommended holding period is 3 to 4 weeks.
2. GMR Airports
The brokerage has a 'Buy' call on GMR Airports shares in the range of ₹102 - ₹99. The stock price has broken above a significant multi-resistance zone near ₹100 on the weekly chart, supported by a bullish candle and increasing volumes. This indicates a positive bias and the continuation of the medium-term uptrend. The target prices for this stock are ₹111 - ₹116, with a stop loss at ₹95. The advised holding period is 3 to 4 weeks.
3. Bharti Airtel
Bharti Airtel is another stock pick, with a 'Buy' recommendation in the range of ₹2,140 - ₹2,098. The stock witnessed a decisive breakout above the ₹1,850 – ₹2,065 consolidation zone in mid-November 2025. It continues to show strength by forming a higher high-low structure and is trading firmly above its key moving averages (20, 50, 100, and 200-day SMAs), underscoring robust underlying strength. The target prices for Bharti Airtel are ₹2,250 - ₹2,295, with a stop loss at ₹2,055.
Disclaimer: The views and recommendations above are from individual analysts or broking companies, and not of Mint. Investors are advised to consult certified experts before making any investment decisions.
