Market Outlook: Expert Shares Top Stock Picks and Nifty Projections for the Week Ahead

As the markets navigate a period of consolidation, investors are keeping a close watch on technical indicators to identify potential breakout opportunities. Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities, has provided his latest analysis, highlighting specific sectors and indices to monitor for the week of August 24–28, 2026.

According to market experts, identifying the right top stocks to buy requires a disciplined approach, especially when benchmark indices are exhibiting sideways movement.

Stock Recommendations

1. Viyash Scientific (VIYASH)

Viyash Scientific is currently showing strong technical promise, having formed an ‘Adam & Adam’ double bottom pattern on the daily timeframe. The stock has demonstrated resilient support in the 240–245 range since June.

With the Relative Strength Index (RSI) trending upward and the ADX (Average Directional Index) indicating firm bullish control, analysts believe the stock is poised for a neckline breakout.

• Strategy: Accumulate in the 274–278 range.
• Target: 295 in the short term.
• Stop-loss: 265.

2. AU Small Finance Bank (AUBANK)

AU Small Finance Bank recently achieved a milestone, hitting an all-time high of 1,108. After facing resistance in the 1,080–1,100 zone since April, the stock achieved a decisive breakout on August 21. Strong momentum is supported by the 20-day EMA, which serves as a reliable dynamic support.

• Strategy: Accumulate in the 1,105–1,115 range.
• Target: 1,190 in the short term.
• Stop-loss: 1,065.

Index Analysis: Nifty and Bank Nifty

Nifty 50 Outlook
The Nifty has been on a gradual decline throughout August, marking a low of 24,025. Technical charts reveal a lack of conviction from both bulls and bears, evidenced by small body candles and consolidation patterns. With the index oscillating near flat moving averages and the ADX reading low, the market is currently in a sideways phase.

• Key Hurdle: 24,350–24,400.
• Key Support: 24,000–24,050.
• Verdict: A decisive break above or below these zones is required to trigger a new trend.

Bank Nifty Outlook
Bank Nifty is exhibiting a “Bollinger Band Squeeze,” a technical formation that typically precedes a sharp, volatile breakout after a period of contraction. The index has been trapped in a tight range for over 13 trading sessions, and the ADX has hit an exceptionally low reading of 8.06, signaling a major move may be on the horizon.

• Key Hurdle: 58,000–58,200.
• Key Support: 57,000–57,200.

Disclaimer: The recommendations and views provided by analysts are their own and do not represent the views of the publication. Investors are advised to consult with professional financial advisors before making investment decisions.