Weekly Market Intelligence: 10 Stocks to Watch| Are you holding any!

Top 10 Stocks| Top 10 Stocks to Watch| Market Analysis| BEL| Tata Power| Bajaj Finance| Nifty 50 Outlook| Stock Market India 2026| ICICI Bank| IT Sector Selloff| Trade Deal Beneficiaries| Best Stocks to Buy| Weekly Market Report

The Indian benchmarks—Nifty 50 (25,471) and Sensex (82,626)—faced a volatile week, closing ~1% lower. However, technical analysts see this as a “healthy retracement” providing a launchpad for a challenge toward all-time highs of 26,350. The theme for this week is “Selective Accumulation” in sectors showing relative strength.

The Defensive & Momentum Leaders

1. Bharat Electronics Ltd (BEL)

BEL is the top pick for the week. Despite the broader market dip, ICICI Securities has a strong “Buy” recommendation. The stock is a primary beneficiary of the recent ₹3.6 lakh crore domestic defense deals.

• Buy Range: ₹421–₹435
• Target: ₹484 | Stop Loss: ₹398

2. Tata Power

Tata Power is at the cusp of a major technical breakout above a falling supply line. With RSI sustaining positive bias, it is expected to head toward its October highs.

• Buy Range: ₹373–₹381
• Target: ₹413 | Stop Loss: ₹358

3. Bajaj Finance

In a sea of red last Friday, Bajaj Finance stood out with a +3.09% gain. It is showing immense relative strength and remains a preferred play for the “recovery in urban consumption” narrative.

Blue-Chip Recovery Plays

4. ICICI Bank

While the Nifty Bank fell nearly 1%, ICICI Bank continues to show “relative resilience.” It is holding near the 60,500 support base for the bank index and remains a high-conviction buy for institutional investors.

• Target: ₹1,750 (Long-term)

5. HCL Tech

The IT sector saw its biggest single-week decline since April 2024 due to “AI disruption” fears. However, analysts suggest staggered accumulation of quality IT like HCL Tech as the correction (now 30% from peak) reaches time-wise maturity.

6. Bharti Airtel

Airtel continues its journey as a steady wealth creator. With data consumption remaining inelastic and ARPU growth on track, it remains a “defensive-growth” hybrid pick.

• Target: ₹2,365

Sectoral & Technical Picks

7. Manappuram Finance

Buying demand is emerging from its 52-week EMA. The stock formed a Bullish Engulfing candle last week, signaling a potential upside toward recent retracement levels.

• Buy Range: ₹300–₹310
• Target: ₹332 | Stop Loss: ₹289

8. SAIL (Steel Authority of India)

SAIL delivered strong volume growth in Q3, liquidating inventory and strengthening its balance sheet. With January price hikes reflecting in February realizations, the outlook is constructive.

• Target: ₹175

9. Mazagon Dock Shipbuilders

A top-performing blue chip with a staggering 5-year CAGR of 85%. As India secures more naval export orders under the new trade frameworks, MDL remains a high-tracking momentum stock.

10. Ventive Hospitality

A niche play on luxury demand. Operating marquee assets like Soho House, Ventive is expected to deliver a 21% CAGR in revenue through 2028. It is a unique pick for those looking outside traditional sectors.

• Target: ₹1,000

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Technical Levels to Watch

Index	Support	Resistance	Sentiment
Nifty 50	25,200	26,000	Cautious / Consolidating
Bank Nifty	59,500	61,000	Resilient

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by Mirae Asset (m,Stock)