Aakash K Hindocha, Deputy Vice President - WM Research at Nuvama Professional Clients Group, has identified Cyient, Timken India, and Bosch as top stock picks for June 4, 2026. The expert also shared his outlook on Nifty and Bank Nifty.
Stock Recommendations
Cyient (BUY)
Last Closing Price: 906. Stop Loss: 875. Target: 985. A 4-month bullish cup-and-handle breakout above 900 signaled the completion of a strong accumulation pattern. Following the breakout, the stock witnessed a sharp rally, validating the bullish setup. After the initial up move, the stock has now retraced to retest this breakout zone, which is acting as a key support area. As long as the stock sustains above the breakout level, the overall structure remains positive, with potential for further upside in the coming weeks.
Timken India (BUY)
Last Closing Price: 3491. Stop Loss: 3370. Target: 3750. The stock has formed a strong base over the past several weeks, indicating an end of consolidation and accumulation. This base-building phase has turned into a rounding bottom breakout above 3500, a pattern that signals a transition from consolidation to a sustained uptrend. With the breakout now confirmed, the stock appears well-positioned for the next leg of its upward move, projecting a potential upside of approximately 8–10% from current levels.
Bosch (BUY)
Last Closing Price: 37760. Stop Loss: 35700. Target: 41100. After a sloping trendline breakout seen in mid-April 2026 on weekly charts, the stock has been consolidating in a tight band for the past six weeks. Sustained trade above its 200 DMA for the past two weeks allows for a follow-up move. This is the first instance where the stock has seen two consecutive closes in green, coupled with a close higher than its previous day's high in the past three weeks of consolidation. This setup allows for a target of 41000+.
Index View
Nifty
Nifty recovered over 300 points from its intraday lows after buying emerged from its unfilled gap near 23150. The index continued to end in red as participants built expectations on reforms announcements. The broader view remains unchanged, with 23400 needing to be defended by this Friday for broad-based short covering to emerge. Until then, news flow is likely to unfold on the RBI MPC outcome front. Targets on the upside are seen at 23800 and 24100 in the coming week.
Bank Nifty
Bank Nifty ended about a percent in green as it defended its 53500 support for two consecutive days. Short covering emerged after it briefly broke below its previous day's low, resulting in a 1500-point swing in yesterday's trading session. Levels of 54600 / 55200 – 55450 are likely to be seen in the coming week as it continues to outperform Nifty given the current chart setup. Support remains at 53500 on a closing basis.
Disclaimer: The 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.
