Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are Swiggy, and Goldiam International Ltd. Here’s his view on Nifty, Bank Nifty for the week starting September 8, 2025:Nifty ViewThe benchmark index Nifty skilled notable volatility all through the previous week, with every buying and selling session starting with both a gap-up or gap-down, underscoring the prevailing uncertainty in market sentiment. Alongside these erratic openings, the index continuously reversed sharply from intraday highs and lows, making it a troublesome panorama for merchants and preserving market contributors alert.After hitting a latest low of 24404, Nifty bounced again with a restoration rally, regardless of the ongoing volatility, and managed to shut the week in the inexperienced. On the weekly chart, it printed a bullish candle with a protracted higher shadow, indicating that whereas consumers stepped in, promoting stress remained evident at increased ranges.From a technical perspective, Nifty continues to commerce above its 100-day and 200-day EMAs, suggesting that the long-term development remains to be intact. However, the index is at present fluctuating close to its 20-day and 50-day EMAs, reflecting indecision in the short- to medium-term outlook.Interestingly, all main transferring averages are flat, which usually indicators a scarcity of momentum and a section of consolidation. This is additional supported by momentum indicators like RSI and MACD, that are additionally exhibiting impartial readings, reinforcing expectations of a range-bound motion in the close to time period.Sector-wise, Banking and IT—the two most closely weighted segments in the Nifty—have been underperforming, exerting downward stress on the index. The lack of energy in these key sectors has restricted upside potential and contributed to the ongoing consolidation. A turnaround in these areas will probably be essential for any sustained bullish transfer.In phrases of key ranges, the 24950–25000 zone is predicted to act as a robust resistance, whereas the 24550–24500 vary is probably going to function speedy assist. A decisive transfer past both of these ranges might set the stage for a recent directional development in the index.Bank Nifty ViewThe Bank Nifty index has been persistently lagging behind the broader market and frontline indices over the previous few weeks. This persistent underperformance is clearly seen in the Bank Nifty/Nifty ratio chart, which has slipped to a 108-day low, highlighting the relative weak spot in the banking area.Adding to the bearish sentiment, the Mansfield Relative Strength indicator stays under the zero line, indicating that Bank Nifty shouldn’t be solely trailing Nifty but additionally underperforming the broader market. Without a significant shift in momentum, the banking sector might proceed to act as a headwind for total market progress.In the earlier week, Bank Nifty traded inside a slim band of 888 factors and closed at 54114, marking a modest achieve of 0.86%. On the weekly chart, it shaped a bullish candle with an higher shadow, suggesting that whereas consumers tried to push costs increased, promoting stress emerged at elevated ranges. Technically, the index remains to be buying and selling under its 20-day, 50-day, and 100-day EMAs, indicating a scarcity of energy in the quick to medium time period. Moreover, the each day RSI stays in the bearish zone, as per RSI vary shift guidelines, reinforcing the cautious outlook.Looking forward, the 54500–54600 zone will act as an instantaneous resistance for Bank Nifty, whereas the 200-day EMA zone of 53600–53500 is predicted to present essential assist. A sustained transfer past both of these ranges might pave the method for a directional breakout in the index.Stock recommendations:Swiggy:After marking a low of ₹297 in May 2025, Swiggy has been persistently forming increased highs and better lows, indicating a strengthening development. On Friday, the stock broke out of an 11-day consolidation section on the each day chart, suggesting renewed bullish momentum. It is at present buying and selling above all key transferring averages, that are trending upward — a optimistic technical sign. The Relative Strength Index (RSI) has moved above 60 and is rising, additional supporting the bullish outlook. Given this setup, we advocate accumulating the stock in the ₹437–₹441 vary, with a stoploss at ₹420. On the upside, the stock has the potential to check ₹480 in the quick time period.Goldiam:Goldiam International Ltd has delivered a robust 16% achieve over the final seven classes, breaking out of a protracted sideways consolidation that lasted practically 4.5 months. During that section, the stock struggled to shut above the ₹380–₹400 resistance zone, with low volumes indicating weak shopping for curiosity. Recently, nevertheless, volumes have picked up alongside value motion, signalling a shift in sentiment. The RSI, now at 73, has decisively damaged previous its earlier resistance zone of 63–65, confirming sturdy momentum. The stock is at present buying and selling properly above each its short- and long-term transferring averages, reinforcing the bullish bias. We counsel accumulating in the ₹415–₹420 zone, with a stoploss at ₹395. In the quick time period, the stock is probably going to transfer in the direction of ₹470.(Disclaimer: Recommendations and views on the stock market and different asset courses given by specialists are their very own. These opinions don’t characterize the views of The Times of India)