Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, these are the top stock picks for this week Karur Vysya BankAnd Gujarat Mineral Development Corporation. Here is his take on Nifty, Bank Nifty for the week commencing December 29, 2025:Refined viewLast week, the holiday-induced slowdown was clearly visible on Dalal Street, with the Nifty index moving in a remarkably tight range of just 227 points – the tightest weekly band since November 2023. The index reached a high of 26236 before experiencing a slight pullback, but still managed to end the week with a modest gain of 0.29%. On the weekly chart, Nifty formed a Gravestone Doji, signaling hesitation at higher levels and reflecting muted participation amid the festive mood.A key development during the week was that the India VIX slipped to its lowest ever weekly close, highlighting a significant decline in volatility and a growing sense of calm in the market. In the past, such extended periods of low volatility have often been preceded by strong directional moves, making the current calm more meaningful than it seems. While the frontline indices remained broadly in-range, the broader market remained the outperformer. The Nifty Smallcap 100 witnessed a strong pullback rally driven by strong recoveries in several previously under-pressure small-cap names. Additionally, thematic areas such as Railways, CPSE and PSE stocks recorded significant recoveries, indicating that investor interest is gradually shifting beyond the benchmark indices. Looking ahead, the 26200-26250 zone is likely to act as an important resistance band for Nifty. A sustained breakout above 26250 could open the door for an upward move towards 26500, followed by 26650 in the near term. On the other hand, the 25900-25850 region is expected to provide strong support.Bench Nifty ViewLast week, the Bank Nifty index moved in an unusually tight range of 531 points, recording its narrowest weekly move since late August 2024. A small-bodied candlestick formed on the weekly timeframe, signaling clear indecision and indicating that neither bulls nor bears were willing to take strong control of the trend.The index has been consolidating for several sessions now and this extended period of sideways movement has begun to influence short-term trend formation. The 20-day and 50-day EMAs have started to flatten, indicating a short-term loss of momentum. At the same time, the daily RSI has been stuck in a sideways move for 13 consecutive sessions, highlighting the ongoing trend fatigue and range-bound nature of the current move.Looking ahead, the 58700-58600 zone is likely to serve as a crucial support base for the index. On the upside, the 59400-59500 area remains an important resistance that Bank Nifty needs to break decisively to revive the uptrend. A significant move beyond any of the boundaries of this well-defined range will be critical in determining the next meaningful directional trend for the index.
Stock recommendations:
Karur Vysya BankKarur Vysya Bank has made a crucial horizontal trendline resistance break from the 255-258 zone on the daily chart, supported by a strong increase in volumes, lending great credibility to the move. The RSI has moved well above 60, indicating a shift into a strong bullish momentum zone and indicating increasing buying power. The DI lines on ADX are widening, highlighting increasing trend momentum with buyers clearly gaining control.The MACD line remains above both the signal line and the zero line, accompanied by rising green histogram bars, confirming the continuation of the positive momentum. Additionally, Bollinger Bands begin to expand after a contraction phase, indicating a volatility expansion phase that is often seen at the start of a trend move. Overall, the technical structure suggests a bullish bias with room for further upside. Therefore, we recommend accumulating the stock in the range of 264-260 with a stop loss of 254. On the other hand, it is likely to test the 280 level in the short term.Gujarat Mineral Development CorporationGMDC has made a downtrend line resistance break on the daily chart, supported by an increase in volumes, indicating fresh buying interest at higher levels. The RSI is trending upwards and has crossed the 60 level, indicating a shift to a bullish momentum zone and a stronger bullish bias. On the trend front, +DI has crossed −DI on the ADX indicator, indicating emerging uptrend strength with buyers taking control. Momentum indicators remain supportive as MACD has risen above the zero line with rising green histogram bars, reflecting positive momentum acceleration and trend continuation. Additionally, the stock closed above the upper Bollinger Band, which typically indicates strong buying pressure and increasing volatility often seen in the early stages of a trend rally. Overall, the technical setup points to a constructive bullish outlook with further upside potential. Therefore, we recommend accumulating the stock in the range of 590-584 with a stop loss of 560. On the other hand, it is likely to test the 640 level in the short term.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips from experts are their own. These opinions do not reflect the views of The Times of India.)
