Stock market recommendations: According to Bajaj Broking Research, the top stock picks for December 5, 2025 are Max Healthcare, and Tata Power. Here’s its view on Nifty and Bank Nifty:Index View: NIFTYBenchmark indices spent the previous week oscillating within a defined consolidation band, digesting their recent up move. The Nifty registered a fresh lifetime peak of 26,325 during Monday’s trade. However, lost momentum at elevated levels amid bouts of profit-taking, triggered in part by renewed pressure on the Indian rupee, which depreciated to a record low against the US dollar. Persistent foreign portfolio outflows (FPI selling) further exacerbated currency weakness, injecting a note of caution into risk sentiment.In the near term, market trajectory is likely to be dictated by currency stabilization dynamics, especially whether the rupee can find a durable floor. Additionally, investors will be closely tracking the RBI’s upcoming monetary policy statement for cues on the central bank’s stance regarding inflation management, liquidity calibration, and potential interventions to support the rupee. On the global front, the US FOMC policy outcome will remain a critical macro catalyst, shaping expectations around global rate differentials and capital flows. Moreover, clarity on evolving India–US trade negotiations could influence sector-specific outlooks, particularly in export-linked and tariff-sensitive industries. A key observation on the Nifty daily chart is that the entire up-move over the past two months has remained well within a rising channel, indicating sustained buying interest at higher levels and reinforcing an overall positive bias.We believe the current 3-4 sessions breather should be used to accumulate quality stocks in a staggered manner for the next leg of up move towards 26,500 and then towards 26,800 in the coming weeks being the measuring implication of the recent range breakout and the upper band of the last two months rising channel.Nifty has key support in the range of 25700-25900 being the confluence of the 50-day EMA, the bullish gap from November 12 and the lower band of the rising channel of the last two months. Holding above the support area will keep the overall bias positive and only a breakdown below the support area will signal a pause in the current positive trend. NIFTY BANKBank Nifty traded in a range, digesting its last four weeks strong gains. Earlier during the week, it formed a fresh all-time high of 26114. However, profit booking at higher levels saw the index traded in a range ahead of the RBI monetary policy outcome.We expect the index to consolidate and form a base in the range of 58500-60100 in the coming sessions. A follow through strength above Monday’s high (60114) will open further upside towards 60,400 and then towards 61,000 levels in the coming weeks.The entire up move of the last 2 months is well channelled signaling sustained demand at elevated levels. Key support is placed at 58,300-58,600 levels being the confluence of the last two weeks lows and recent breakout area. Holding above the support area will keep the short-term bias positive.
Stock Recommendations:
Max HealthcareBuy in the range of ₹ 1070-1090
The stock is forming base at the 52 week EMA and the 61.8% retracement of the previous major up move (940-1314).We believe the current decline is approaching price and time wise maturity and the stock is likely to resume up move and head towards 1190 levels being the confluence of the high of November and key retracement area. The daily stochastic has approached extreme oversold territory and we expect the stock to resume its positive momentum in the coming weeks.Tata PowerBuy in the range of 381-386
Tata Power continues to trade sideways on the daily timeframe, oscillating within a well-defined range of ₹380–₹420. The stock is currently forming a rectangle pattern, with consistent buying support emerging near the ₹380 zone.Historically, the counter has shown a tendency to rebound from these lower levels and head towards the upper end of the range, which lies near ₹420.Given the prevailing price structure and renewed momentum, the stock appears poised to extend its upward trajectory, first towards the upper band of ₹420, and potentially up to ₹430, which aligns with the 127.2% Fibonacci extension of the previous swing.(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)
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