Stock market next week
Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi, believes the primary uptrend remains intact as the Nifty 50 index finished near 26,045 amid cautious optimism ahead of the earnings season. Mehul Kothari of Anand Rathi said that a fresh rally is expected only on a decisive breakout above 26,300.
Speaking on the outlook of the Nifty 50 index, Mehul Kothari of Anand Rathi said, “The Indian stock market opened with a gap-up on Monday in the truncated week, with NIFTY moving towards the 26,250 zone but failing to take out the 26,300 resistance. With the gap now largely filled, below 26,000 NIFTY may drift towards 25,700, which emerges as a crucial support level. A fresh rally is expected only on a decisive breakout above 26,300. The positive takeaway remains that, in line with our view, the broader markets have bounced back strongly and are likely to continue showing relative outperformance. Hence, traders should focus on stock-specific opportunities, particularly in quality broader market names, while keeping index positions light until a clear directional breakout emerges.”
On the outlook of the Bank Nifty index, Mehul Kothari said, "Bank Nifty continued to remain directionless during the week, largely oscillating within a narrow 59,500–58,900 range, reflecting a lack of fresh triggers and muted participation. The index remains capped near the falling trendline resistance around 59,800–60,000, while repeated failures to sustain above 59,500 indicate the absence of follow-through buying. On the downside, the 58,900–58,500 zone continues to act as an immediate support, and a breakdown below this range could open the doors towards 58,000."
The Anand Rathi expert stated that, overall, the Bank Nifty continues to underperform the Nifty and remains stuck in a range-bound structure, with a decisive move expected only on a breakout above 60,000–60,500 or a breakdown below 58,500.
Mehul Kothari's stock recommendations today
Regarding stocks to buy or sell on Monday, Mehul Kothari of Anand Rathi recommended these three shares to buy: Lemon Tree Hotels, NBCC India, and SAIL.
1] Lemon Tree Hotels: Buy at ₹161.50, Target ₹170.50, Stop Loss ₹157;
2] NBCC India: Buy at ₹122 to ₹119 range, Target ₹130 to ₹134, Stop Loss ₹115; and
3] SAIL: Buy at ₹132 to ₹130 range, Target ₹145, Stop Loss ₹124.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
In a recent market outlook, Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi Shares and Stock Brokers, identified specific opportunities in the sub-₹200 segment. Despite recent sell-off pressure in the broader market, Kothari highlighted three stocks that show technical resilience and potential for upside.
Below are the three shares recommended by Mehul Kothari for the week starting December 22, 2025:
📈 Top 3 Stock Picks Under ₹200
| Stock Name | Action | Buy Range (₹) | Target (₹) | Stop Loss (₹) |
| PNB (Punjab National Bank) | Buy | Near 91 | 97 | 88 |
| NBCC (India) Ltd | Buy | Near 91.50 | 100 | 87 |
| ZEEL (Zee Entertainment) | Buy | Near 115 | 125 | 108.80 |
Quick Technical Rationale:
PNB: The banking sector has shown localized strength; PNB is positioned for a breakout if it sustains above its current consolidation zone.
NBCC: This stock is eyeing a psychological triple-digit target of ₹100, supported by steady volume in the infrastructure space.
ZEEL: After a period of volatility, the stock is showing signs of a reversal setup, making it a high-reward play for short-term traders.
Other Recent Recommendations (Under ₹200)
For those looking at alternative entries or slightly different price points, Kothari also recently flagged these counters:
Yes Bank: Target of ₹19.80 (Entry around ₹18).
Trident: Target of ₹28.50 (Entry around ₹27).
National Fertilizers (NFL): Target of ₹89 (Entry around ₹85).
Disclaimer: Stock market investments are subject to market risks. Please consult with a certified financial advisor before making any investment decisions.
Would you like me to track the performance of these stocks for you or look up the latest resistance levels for Nifty 50?
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