Nuvama Expert Unveils Top Stock Picks and Market Outlook for February 19, 2026
Aakash K Hindocha, Deputy Vice President - WM Research at Nuvama Professional Clients Group, has identified three standout stocks for investors to consider buying today: Sona BLW Precision Forgings, PFC, and NLC India. His analysis also provides a detailed technical perspective on the Nifty and Bank Nifty indices, highlighting key levels and trends for the trading session on February 19, 2026.
Index Analysis: Nifty and Bank Nifty Show Bullish Signals
According to Hindocha, the Nifty index has demonstrated strong momentum by closing above its previous day's high for three consecutive sessions. This movement confirms a breakout from a short-term consolidation zone between 25,450 and 25,750. The weekly and monthly charts remain intact, supporting a positive outlook. For short-term traders, Nifty is viewed as a buy on dips candidate below 25,650, with targets set at 25,890 and 25,080. It's important to note that the broader range has stayed within a 4% band over recent months, indicating stability amidst volatility.
Bank Nifty continues to outperform, achieving its highest-ever closing on daily charts following a record weekly close last Friday. The index has posted fresh all-time high closings for three straight days, with buying activity emerging from a familiar demand zone observed over the past three months. On Monday, Bank Nifty displayed an engulfing bullish pattern, opening below the prior day's low and closing above its high. Having met an initial target of 61,500 from its breakout, it now presents a buy on dips opportunity near 61,150, aiming for targets of 61,700 and 62,000.
Detailed Stock Recommendations from Nuvama Expert
Here are the specific stock picks with technical insights:
- Sona BLW Precision Forgings (BUY): Last closing price (LCP) at 532, with a stop loss of 505 and target of 580. The stock has formed a bullish pin bar, concluding a consolidation phase and suggesting a potential pole and flag breakout structure. Momentum remains upward, supported by a swing low from February 6th as a logical stop loss level, offering favorable risk-reward if prices hold above breakout zones.
- PFC (BUY): LCP at 420, stop loss at 399, target of 455. After reclaiming its 200-day moving average (DMA) earlier this month, PFC shows sustained buying momentum despite corporate developments. Consecutive closes above prior highs and a fresh 7-day high indicate trend continuation, bolstered by a breakout above an 18-month falling trendline in late January.
- NLC India (BUY): LCP at 264, stop loss at 249, target of 282. The stock has maintained a firm position above its 200 DMA for nearly two months, developing a compression pattern that signals energy buildup. Early signs point toward a move to downward-sloping 18-month resistance near 280, with elevated volumes in the last trading hour reinforcing participation and supporting a tactical buy view for 7-8% upside.
Disclaimer: The recommendations and views expressed by experts are their own and do not represent the opinions of The Times of India or its affiliates. Investors are advised to conduct their own research before making any financial decisions.
