Stock market recommendations: Aster DM Healthcare, and GE Vernova T&D India have been picked by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities as the top stocks to buy this week (starting April 27, 2026). Views on Nifty and Bank Nifty have also been shared.Nifty ViewThe momentum of the pullback rally that began from the recent low of 22182 has clearly moderated over the past week. After a sharp and swift rebound from lower levels, the benchmark index Nifty has now transitioned into a phase of correction and consolidation. The index slipped below the 23900 mark and ended the week with a decline of 1.87%, signaling profittaking after the strong recovery. A significant contributor to last week’s weakness was the Nifty IT index, which corrected sharply by 10.31% amid disappointing Q4 earnings, cautious management outlooks, and concerns over nearterm growth visibility. This raises a key question for market participants—does this correction offer a fresh buying opportunity, or is the downside pressure yet to fully play out?From a technical standpoint, Nifty has moved below its 20day and 50day EMA levels, reflecting a loss of short-term momentum. That said, the index managed to stage a minor rebound from lower levels during the final hour of the last trading session. However, the daily RSI failed to sustain above the 60 zone and has slipped below its 9day average, indicating that bullish momentum is gradually waning. Additionally, the MACD histogram has been consistently declining for the last five sessions, further underscoring the slowdown in the pullback rally.Taken together, these indicators suggest that the index is likely to remain rangebound over the next few trading sessions rather than exhibit a strong directional trend. The ongoing weakness in the IT sector and relative resilience in the banking space are creating a counterbalancing effect on the Nifty. Given the heavy weightage of both sectors in the index, this divergence is expected to cap sharp moves on either side. Meanwhile, stockspecific action is likely to remain active, offering selective opportunities even as the broader index consolidates.In terms of key levels, the 23700–23650 zone will act as an important support area, coinciding with the 38.2% Fibonacci retracement of the prior pullback rally from 22181 to 24601. A breakdown below 23650 could drag the index towards the next major support near 23300. On the upside, the 24200–24250 zone will serve as an immediate resistance. Only a sustained breakout above this band can reinstate bullish momentum in the near term. With support and resistance zones clearly defined, the next decisive move will depend on which side gains control in the sessions ahead.Bank Nifty ViewThe banking benchmark index Bank Nifty also went through a corrective phase last week but continued to show relative outperformance versus the frontline indices, as the extent of the decline remained limited. Importantly, on Friday, the index found buying support near its prior swing low and witnessed a mild rebound thereafter, indicating demand emerging at lower levels.On the weekly chart, Bank Nifty has formed a small-bodied candle with shadows on both sides, highlighting indecision and an equilibrium between buying and selling pressure at current levels. Meanwhile, the Bank Nifty–Nifty ratio chart continues to post higher tops and higher bottoms, underscoring sustained relative strength against the broader market.From a technical perspective, the index is still trading above its 20day EMA, which keeps the nearterm trend intact. The daily RSI is placed at around 52.39 and is hovering close to its 9day average, reflecting neutral momentum with no signs of exhaustion.Looking ahead, the 20day EMA zone of 55700–55600 is expected to act as immediate support. On the upside, the 200day EMA area around 56600–56700 will serve as a crucial resistance. A sustained breakout above 56700 could signal a continuation of the broader uptrend, paving the way for a move towards 57500, followed by 58200 in the short term.
Stock recommendations
Aster DM HealthcareASTERDM has broken out of its consolidation range of 693–652 with a strong surge in volumes, indicating robust buying interest. The RSI has moved above 60 after a period of sideways movement, signalling a pickup in momentum. The stock continues to trade above its key short and long-term moving averages, reinforcing the bullish trend. With price, momentum, and volume aligned positively, the stock is well-positioned to extend its upward move in the coming sessions. Hence, we recommend to accumulate the stock in the zone of 708-700 with a stoploss of 680. On the upside, it is likely to test the level of 760 in the short term.GE Vernova T&D IndiaGVT&D has delivered a strong breakout from its 4290–4035 consolidation range, followed by a steady up move marked by a clear pattern of higher highs and higher lows, highlighting a well-established uptrend. The stock continues to trade comfortably above its key short and long-term moving averages, reinforcing underlying strength. The rising ADX points to strengthening trend momentum, while the positive slope in MACD along with a firm RSI signal sustained bullish momentum. With all key indicators aligned, the stock remains firmly in a bullish zone and is well-poised for further upside in the coming sessions. Hence, we recommend to accumulate the stock in the zone of 4610-4580 with a stoploss of 4460. On the upside, it is likely to test the level of 4930 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)
