Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Zydus Lifesciences, Great Eastern Shipping Company, and Tata Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for June 5, 2025:Index View: NiftyFor the past 14 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. With the index now closing at a 3 week low on Tuesday, it continues to approach its downside target of 24300 / 24100 unless a closing above 25050 is not confirmed. On daily charts, the index has also formed a bearish head and shoulder pattern pointing out to similar targets wherein no support before it hits its 200 DMA can be seen. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100.Bank NiftyBank Nifty has faced rejection from its previous all-time highs above 56k mark in Tuesday’s trading session. Any trade below 55600 is likely to allow further skidding on the index for lower levels seen near 54700 / 54500 as the supply pressure is likely to mount post rejection seen earlier this week. ZYDUSLIFE (BUY):LCP: 931.50Stop Loss: 888Target: 980Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd.GESHIP (BUY):LCP: 990.50Stop Loss: 960Target: 1060Ending its 11-month corrective phase, Great Eastern Shipping Company has given a breakout of a falling trendline which had been in place from the start of this correction. Overall this correction allowed the stock to give away nearly 50% of its rally which unfolded between lows of 2020 and highs of 2024. Further momentum is likely to unfold given the excesses being eliminated and higher lows seen on the daily charts.TATAMOTORS (BUY):LCP: 709Stop Loss: 685Target: 770Tata Motors stock has seen a 5-7% corrective consolidation in the past 2 weeks of trade which was an after effect of a sharp 40% rally before that. With supportive news flow for domestic players in the new EV policy acting as tailwind, passenger vehicle stocks are likely to see further momentum. Tata Motors is a cleaner set up amongst the peers on charts for another 8-10% rally from CMP.(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)
