Top stocks to buy today: Stock recommendations for April 16, 2026 – check list

Top inventory market recommendations: Aditya Vision Ltd, Allied Blenders and Distillers Ltd, and NMDC – these are the stocks that Aakash Ok Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group has shortlisted as high buy calls for at this time (April 16, 2026). His views on Nifty and Bank Nifty are additionally accessible:Index View: NiftyNifty accomplished its goal at 24250 at mid of this week, which had received energetic at the beginning of this month when the index reversed from sub 22200 odd ranges. Interestingly this stage coincides with a 50% retracement mark of the current fall we now have seen from February highs to March lows. Unless an in depth above 24262 is confirmed – Nifty can proceed to consolidate with a destructive bias between 23800 – 24200 odd.*Actionable*- Any rise in direction of 24250- 24300 can be utilized to create recent shorts for targets of 24000 / 23800 with an SL at 24420 closing. (All ranges are on Nifty spot foundation)Bank NiftyBank Nifty has hit a recent 1 month excessive after recovering over 10% from its current low at the beginning of this month as markets transfer ahead in direction of earnings season pricing in that the worst on the Iran War entrance is behind us. A slim vary day was noticed on Wednesday whereas a break under 56200 is probably going to open for a fast draw back in direction of 55900 / 55600 thereafter. 56500 is probably going the value to negate this arrange.*Actionable*- Any rise in direction of 56400 can be utilized to create recent shorts for targets of 55900 / 55600 with an SL at 56500 closing. (All ranges are on Nifty spot foundation.)Aditya Vision Ltd (BUY):

Ending a 5-month correction, Aditya Vision has given a breakout from its sloping trendline earlier this week. This additionally coincides with a 200 DMA crossover together with a bullish flag sample breakout in the same worth vary. Stock can head again to earlier all time highs given the constructive confluences seen on charts.Allied Blenders and Distillers Ltd (BUY):

Ending a 5-month correction, ABDL has given a breakout from its sloping trendline earlier this week. This additionally coincides with an upcoming 200 DMA crossover due to be crossed close to 525 zone. Stock gained one other 10% on this leg to get better no less than 61% (retracement) bounce again from its current fall.NMDC (BUY):

NMDC is nearing 2 years because it traded in any respect time excessive ranges and over the previous 4-5 quarters the inventory has been repeatedly making greater lows in a corrective consolidation which has given form to an enormous bullish cup and deal with formation on each day and weekly charts. Given the current assist-bounce from its 200 DMA, inventory is now set to rage in direction of its earlier all-time highs. Pattern breakout is seen and smaller in addition to bigger time frames with a wider goal nevertheless, we’d look for solely preliminary targets to be met on this section.(Disclaimer: Recommendations and views on the inventory market, different asset lessons or private finance administration ideas given by consultants are their very own. These opinions don’t signify the views of The Times of India)