Indian markets witnessed a mild corrective phase on Tuesday, setting the stage for strategic stock picking opportunities. Market expert Ankush Bajaj has identified three promising stocks for investors considering fresh positions on November 26, 2025.
Market Performance Sets the Stage
The trading session on Tuesday saw benchmark indices closing in negative territory. The Nifty 50 declined by 74.70 points, representing a 0.29% drop to close at 25,884.80, while the Sensex fell by 313.70 points, or 0.37%, ending the day at 84,587.01. The Bank Nifty remained relatively subdued, easing marginally by 15.05 points to settle at 58,820.30, reflecting continued pressure on financial stocks.
Sectoral performance displayed a mixed pattern during the session. The Realty Index emerged as the strongest performer with a solid 1.62% gain, followed by the PSU Bank index which advanced by 1.44%, and the Metal index which added 0.55%. On the downside, the Services Sector index faced the most significant pressure, declining by 0.36%, while the PSE index slipped 0.34%.
Ankush Bajaj's Top Stock Recommendations
Aditya Birla Capital Ltd: Bullish Recovery Pattern
Aditya Birla Capital is currently trading at ₹345.45 and shows promising technical indicators according to Bajaj's analysis. The stock is demonstrating a bullish recovery after undergoing a brief consolidation period. It's trading firmly above short-term moving averages with rising volumes and improving price action.
The daily Relative Strength Index is trending near 60, indicating steady momentum, while the Moving Average Convergence Divergence has turned positive, supporting expectations of continued upward movement toward the target price of ₹358. The financial services sector is witnessing rotation, and the stock's technical configuration favors near-term outperformance.
Key technical metrics for Aditya Birla Capital:
- RSI (14-day): Approximately 60 with rising momentum
- MACD (12,26): Positive crossover indicating trend reversal
- Support level (stop loss): ₹339
- Target price: ₹358
The breakout above ₹343 has seen strong follow-through, increasing conviction in this move. Investors should note that being part of the financial sector, the stock remains sensitive to interest rate expectations, liquidity outlook, and fund flow dynamics.
Eicher Motors Ltd: Uptrend Resumption
Eicher Motors is priced at ₹7218.50 and has resumed its upward trajectory following a clean bounce from the ₹7120 support zone. The stock has formed a higher base on the daily chart, while momentum indicators like RSI (near 63) and MACD (positive crossover) suggest further upside potential.
The automobile sector continues to demonstrate resilience, and Eicher Motors is well-positioned to benefit from ongoing two-wheeler demand and strong operating metrics. The technical view indicates that sustaining above ₹7120 will confirm the strength of the base, with the stock likely to approach ₹7415 in the short term.
Key technical metrics for Eicher Motors:
- RSI (14-day): Approximately 63 with bullish momentum intact
- MACD (12,26): Positive and rising
- Support level (stop loss): ₹7120
- Target price: ₹7415
Potential risk factors include exposure to rural demand sentiment, regulatory changes in emission norms, and input cost pressures that could impact performance.
Hero MotoCorp Ltd: Consolidation Breakout
Hero MotoCorp is currently trading at ₹6081.50 and shows signs of a consolidation breakout with a favorable risk-reward setup. The stock has found support near ₹6048 multiple times and is now demonstrating strength with RSI near 58 and MACD holding above the zero line.
A movement toward ₹6150 appears likely as the stock attempts to reclaim higher levels in a stabilizing automobile market. The technical perspective suggests that holding above ₹6048 keeps the short-term bullish breakout setup valid. The stock could gain traction toward ₹6150, provided it sustains above ₹6060 during intraday dips.
Key technical metrics for Hero MotoCorp:
- RSI (14-day): Approximately 58 with improving momentum
- MACD (12,26): Positive but flat, showing early signs of uptick
- Support level (stop loss): ₹6048
- Target price: ₹6150
Risk considerations include dependence on festival season sales, demand in the entry-level two-wheeler segment, and the company's pricing strategy in a competitive market.
Nifty Technical Outlook and Market Context
The Nifty 50 declined for the second consecutive session, falling 74.70 points to close at 25,884.80. After unsuccessful attempts to sustain above the 26,000 level in earlier sessions, the index is displaying signs of short-term fatigue, drifting lower amid lackluster participation and weakening momentum.
From a technical standpoint, the index continues to trade above its key medium-term moving averages. The 20-day simple moving average is positioned at 25,848, while the 40-day exponential moving average stands at 25,641. Despite closing above these levels, momentum indicators are beginning to show early warning signals.
The daily RSI has cooled to 54, suggesting fading bullish strength, while the MACD, although still positive at 145, is losing traction—indicating a slowdown in upward momentum. On hourly charts, the weakness becomes more evident, with the Nifty trading below both the 20-hour and 40-hour moving averages placed at 26,033 and 26,006 respectively.
Derivatives data reveals cautious positioning among market participants. The total call open interest stands at 18.60 crore against 13.95 crore in Puts, resulting in a PE–CE differential of –4.65 crore, confirming a bearish open interest trend. However, changes in open interest tell a slightly different story—call OI dropped by 3.18 crore while Put OI declined marginally by 20.49 lakh, resulting in a net positive shift of 2.97 crore in favor of Puts.
The 25,900 strike now holds the highest Call open interest as well as the most active additions, establishing it as immediate resistance. Conversely, the 25,850 strike has emerged as the key support level, with the highest Put open interest and fresh additions, making it a critical pivot for the next session.
Nifty's medium-term trend remains positive as long as it holds above the 25,640–25,700 range, but short-term indicators are signaling a pause or mild corrective phase. Immediate resistance is now seen near 25,900–25,950, while support lies at 25,850, followed by a stronger cushion around 25,700. A sustained close above 25,950 is needed to revive bullish momentum, while a breach below 25,850 could trigger further downside toward 25,700–25,640.
Ankush Bajaj is a SEBI-registered research analyst with registration number INH000010441. Investors are reminded that investments in securities market are subject to market risks and should read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
