The Indian stock market has been on a rollercoaster ride in recent weeks, with the Nifty index oscillating between gains and losses. As the week commences on May 18, 2026, investors are eagerly waiting to see which direction the market will take. According to market analysts, this week holds promise for a potential bull run, with some top stocks expected to surge ahead. In an exclusive interview, Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities, shares his expert views on the Nifty and Bank Nifty, as well as his top stock recommendations for this week.
First Section: Nifty Outlook for the Week
On the Nifty front, Shah predicts a positive trend for this week, with a potential range of 16,300 to 16,500. He attributes this to the improving economic indicators, including a stable rupee and a decrease in inflation rates. The Bank Nifty, however, is expected to be a bit volatile, with a range of 34,500 to 35,500, due to the mixed performance of banking stocks in recent times.
Shah believes that the Nifty’s resistance level lies at 16,300, and the support level at 16,000. He advises investors to keep a close eye on these levels, as they could be crucial in determining the market’s direction. Additionally, he suggests that investors keep an eye on the broader markets, as a positive trend in the Nifty could have a ripple effect on other indices.
Second Section: Top Stock Recommendations
For this week, Shah recommends buying two top stocks: Bharti Airtel and Kirloskar Oil Engines. Bharti Airtel, he says, is poised for a surge due to its improving financials and expanding customer base. The company’s recent deal with a leading technology firm is expected to boost its revenue and margins.
Kirloskar Oil Engines, on the other hand, is expected to benefit from its strong order book and improving demand in the rural sector. Shah advises investors to buy the stock with a target price of Rs 450, and a stop loss of Rs 380.
Third Section: Key Takeaways
In conclusion, this week promises to be an exciting one for investors, with the Nifty index poised for a potential surge. With Shah’s expert views and top stock recommendations, investors can make informed decisions and take advantage of the market’s momentum. As always, it’s essential to remain cautious and keep a close eye on market trends and economic indicators.
Shah’s top stock recommendations for this week are:
Bharti Airtel: Buy with a target price of Rs 650 and a stop loss of Rs 560
Kirloskar Oil Engines: Buy with a target price of Rs 450 and a stop loss of Rs 380
Investors should also keep an eye on the broader markets, as a positive trend in the Nifty could have a ripple effect on other indices.
