Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: ABB, Fortis, and Petronet. Here’s his view on Nifty, Bank Nifty, and the top stock picks for January 8, 2026:Index View: NiftyNifty ended a 0.7% percent lower cumulative for the current week after making fresh all-time highs on Monday. Overall the index remains open for 26450 as highlighted earlier however the support does not get trailed higher unless we see a decisive higher closing than 26250. Dips below Wednesday’s low of 26060 are likely to get bought into with 26k acting as support.Bank NiftyBank Nifty completed its 700-900 pt target at 60400 and saw a 500 pt profit taking stance. Closing below yesterday’s low today could confirm a short term trend reversal on the index. Until then a sideways consolidation between 59800 – 60400 can be expected.ABB (BUY):
- LCP: 5299
- Stop Loss: 5130
- Target: 5700
A 10-week sideways consolidation has finally ended with ABB giving a bullish cup and handle breakout on daily charts. An intermediate resistance is seen just above 5400 which is expected to be taken out given the underlying chart structure. Momentum can rise above 5410 closing for the shared targets. FORTIS (BUY):
- LCP: 941
- Stop Loss: 914
- Target: 1030
Stock has recently taken support at the polarised trendline which has been playing for the past 12 months. Adding to this a 4 week sideways consolidation has also broken out this week which can allow a short covering rally towards 1030 odd.PETRONET (BUY):
- LCP: 294
- Stop Loss: 283
- Target: 320
Initial breakout from a 15 month falling trendline was seen last month which has allowed prices to trade above 200 DMA this week. A strong consecutive closing is now likely to attract further buying momentum on the scrip.(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)
