Stock market recommendations: According to Bajaj Broking Research, Sagility India, and Aditya Birla Capital (AB Capital) are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 22, 2025:Index View: NIFTYOver the past fortnight, benchmark indices staged a notable recovery from deeply oversold levels, underpinned by an improvement in investor sentiment driven by optimism around the Centre’s prospective recalibration of the Goods and Services Tax (GST) regime. The constructive shift in market mood was further amplified by a de-escalation in India-China geopolitical tensions, alongside renewed expectations of a potential dovish pivot by the U.S. Federal Reserve, which collectively underpinned the bullish undertone.The Nifty index rebounded sharply from near the critical demand zone near 24,400 and is currently sustaining above the psychological 25,000 mark. Importantly, the index has reclaimed and is now trading above its 20- and 50-day exponential moving averages (EMAs), reinforcing the presence of short- to medium-term positive momentum.On the technical front, the immediate overhead resistance is pegged near the 25,250 zone — a confluence of the previous swing high and the 61.8% Fibonacci retracement level of the prior corrective leg (25,669–24,337). A decisive breakout above this supply zone could open the gates for an extended leg higher towards 25,500–25,600 levels. Conversely, inability to surpass this hurdle may lead to a time-wise consolidation within the 25,250–24,600 band.From a macro perspective, market participants will closely track developments from the upcoming Jackson Hole Economic Symposium, with particular attention on Chair Powell’s commentary. Any dovish cues or signals indicating a less aggressive policy stance from the Fed could serve as a fresh catalyst for global risk assets, including Indian equities. Given the constructive setup and improving breadth, we recommend a staggered accumulation approach, focusing on fundamentally sound counters, particularly those likely to be beneficiaries of the upcoming GST rationalization.Support levels have been revised higher towards the 24,600–24,500 zone — aligning with the lower end of the recent gap-up area and the 100-day EMA, which now serve as a strong demand base for the index.Nifty BankOver the past 2–3 weeks, Bank Nifty has exhibited a phase of range-bound consolidation, with market action largely skewed towards stock-specific rotation rather than broad-based sectoral momentum. The index has repeatedly attracted buying interest near the 100-day exponential moving average (EMA), currently positioned around the 24,900 mark, suggesting the presence of strong intermediate-term support at lower levels.Going forward, we anticipate the index to continue oscillating within the 54,800–56,300 zone in the near term. This consolidation phase is expected to persist until a decisive breakout on either side materializes, which would then determine the next leg of the directional move.On the downside, the 54,800–55,000 region emerges as a critical support zone — coinciding with the 100-day EMA and key Fibonacci retracement levels derived from the previous uptrend. A breakdown below 54,800 could trigger a deeper corrective move, potentially dragging the index towards the 54,000 mark.On the upside, immediate resistance is located in the 56,000–56,300 zone — an area that marks the previous breakdown point and aligns with the 50% Fibonacci retracement of the prior down move from 57,628 to 54,905. A sustained breakout above 56,300 would be a bullish trigger, paving the way for a potential extension towards 57,000 in the coming weeks.Until a directional breakout is witnessed, traders are advised to remain selective and adopt a range-trading approach, with a focus on banking counters demonstrating relative strength or sector-specific catalysts.Stock Recommendations:Sagility IndiaBuy in the range of Rs 45.00-46.00
The stock is exhibiting a sustained bullish structure, registering consecutive higher highs and higher lows on the daily chart. A bullish crossover between the 21-day and 50-day moving averages further reinforces the prevailing upward momentum, suggesting that short- to medium-term trend dynamics are firmly in favor of the bulls.In addition, the counter has successfully broken out of a prolonged base formation with expanding volumes, a classic sign of accumulation and increased participation. The breakout has also coincided with a decisive breach of its falling trendline resistance, marking a potential shift from a corrective phase to a fresh uptrend.For an extended period, the stock has been consolidating within a broad range of ₹38 to ₹55, effectively forming a rectangle pattern. The recent price action and technical triggers increase the probability of a range extension toward the upper boundary of ₹55 — a level that also coincides with a significant historical supply zone.Aditya Birla Capital (AB Capital)Buy in the range of Rs 286-292
The stock has generated a breakout above the bullish Cup & Handle formation signaling continuation of the up move and offers fresh entry opportunity. We expect stock to head higher towards 320 levels in the coming months, being the measuring implication of the recent cup & handle breakout area.The 14 daily periods RSI has generated a buy signal moving above its nine periods average and is sustaining above the same thus supporting the positive bias in stock.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
