Top stock market recommendations: Bank of India, and Gail (India) Ltd have been recommended as buy calls, whereas Bajaj Auto is a sell recommendation by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management for June 11, 2026. He has also shared his views on Nifty and Bank Nifty:Bank of India (BUY):
- LCP: 144.86
- Stop Loss: 139
- Target: 154
After a massive 8 year breakout in October 2025, stock has once again retested the same level multiple times over the past 2 months. Adding to this a fresh 6-week high closing was seen on daily charts earlier this week reversing from the same price. Stock has also closed and is holding above its 200 DMA which can allow fresh upside to open up. A quick 6-8% upside is seen on short term bounce from this price.Gail (India) Ltd (BUY):
- LCP: 168
- Stop Loss: 161
- Target: 182
After an 18-month breakout in April 2026 on weekly charts, a fresh 11-month breakout is also seen on daily charts of GAIL. Both breakouts despite being on different timeframes hover around the same price of ~165. Adding to this a 200 DMA crossover is also seen this week after a gap of 7 months as the stock traded below the same since November 2025. Combining the multi timeframe trendline breakout, 200 DMA crossover and higher lows over the past 3 months opens the door for fresh 8-10% upside.Bajaj Auto (SELL):
- LCP: 10144
- Stop Loss: 10600
- Target: 9700
Stock has witnessed lowest closing in the past one month of trade, as stock has so far retraced 30% of its recent rally which unfolded from 8.6k to 10.8k between April and May 2026. Bajaj Auto has been in a rising channel formation for the pat 12-15 months and has faced rejection and double top formation on the higher bar of this channel. A realistic short term target is seen approaching towards the lower end of this channel which reads near the 9700 odd mark, while a break and close below the same can attract further 2-3% downside.Index View: NiftyNifty has been rotating its stance between 23100 – 23400 while not breaking on either side on a weekly closing basis. Overall, buying has been repeatedly emerging from its previous gapped zone of sub 23150 however, sustaining above 23400 is finding profit takers. Structure is biased towards upside, only trigger awaited is steps on liquidity easing domestically while reduced news flow from west Asia. Unless 23000 is not convincingly taken down, the structure remains valid for a large upside however momentum is likely to commence only above 23600 on the index.Bank NiftyOn the Bank Nifty front, both of its short-term targets have been met of 54600 / 55200-55450 we had highlighted last week, after its support reversal last week near 53500. Broadly this short-term strength is complete and post this Nifty can take over charge from the Bank Nifty in terms of outperformance. Tuesday’s low 54200 becomes important short-term support on Bank Nifty. US CPI numbers can continue to churn volatility in global markets.(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.)
