Stocks to buy: What’s the outlook for Nifty for the week starting December 8, 2025? Check list of top stock recommendations
Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are AB Capital, and Indus Towers.
Here’s his view on Nifty, Bank Nifty for the week starting December 8, 2025:Nifty ViewThe benchmark index Nifty began December on an upbeat note, hitting a new all-time high in the very first trading session.
But the initial optimism was quickly followed by a healthy pullback — a common pause after a swift advance. Notably, this retracement halted precisely near the 20-day EMA, which also coincides with the lower boundary of the rising channel, reinforcing the zone as a strong technical support.
From this base, the index managed to rebound, recovering part of the decline and ultimately finishing the week near the 26200 level, down a marginal 0.06%.During this period, heavyweight pockets such as Nifty Bank and Nifty IT continued to provide consistent strength.
Their strong sectoral rotation played a key role in supporting the headline index and preventing any deep corrective moves.
In contrast, the broader market paints a different picture — especially the Nifty Small Cap 100 index, which remains below its crucial 200-day EMA, reflecting underlying caution.Looking forward, the existing chart setup indicates that Nifty remains favourably placed for further upside.
The index is expected to move gradually toward 26350, and potentially 26500 in the near term.
On the downside, the 25950–25900 band is likely to act as a robust support zone, absorbing any short-lived declines.Bank Nifty ViewThe banking benchmark index, Bank Nifty, recently registered a new all-time high before entering a brief throwback phase.
This corrective move halted right near the key 20-day EMA, highlighting the inherent strength of the prevailing trend.
Following the Reserve Bank of India’s 25-basis-point rate cut, the index delivered a sharp rebound, further cementing the bullish sentiment.On the weekly timeframe, Bank Nifty has formed a small-bodied candle accompanied by a prominent lower shadow — a textbook sign of buying interest emerging at lower levels.
Strengthening this positive bias, the daily RSI held firmly near the 61 zone during the retracement and has since moved above its 9-day average.
This action aligns with the RSI range-shift concept, adding conviction to the bullish stance.Technically, the ongoing chart structure suggests that Bank Nifty remains favourably placed to continue its upward trajectory.
In the near term, the index is poised to challenge the 60400 level, with 61000 emerging as the next potential target if momentum sustains.
On the downside, the 59200–59100 region is likely to provide solid support against any immediate pullbacks.
Stock recommendations:
AB CapitalAfter breaking out of a downward-sloping trendline on 25th November, AB Capital rallied to a high of 360 before undergoing a brief four-day throwback.
On Friday, strong buying from lower levels led to a sizable bullish candle on the daily chart.
The stock continues to trade comfortably above its 20-day EMA, and its consistent defence of this average signals a healthy, sustained uptrend.
The slightly widening DI lines in the ADX indicate strengthening trend momentum, while the MACD staying well above the zero line confirms positive sentiment.
Overall, the stock looks well-poised to extend its up move in the coming sessions.
Hence, we recommend to accumulate the stock in the zone of 359-355 with a stoploss of 345.
On the upside, it is likely to test the level of 380 in the short term.Indus TowersIndus Towers traded in a tight 395–413 range since 19th November, but despite the consolidation, it consistently defended its 20-day EMA, showing strong underlying demand.
On 5th December, the stock broke out decisively above this range, closing with a sizable bullish candle on the daily chart.
The RSI has begun rising and is now above 60 on both daily and weekly charts, signalling strengthening bullish momentum. Meanwhile, the shrinking MACD histogram bars indicate that bearish momentum is fading and a fresh bullish crossover may be approaching.With a strong breakout and improving indicators, the stock looks positioned for further upside.
Hence, we recommend to accumulate the stock in the zone of 416-410 with a stoploss of 397.
On the upside, it is likely to test the level of 445 in the short term.(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)
