Top stocks to buy today: Stock recommendations for April 10, 2026 - check list

Top stocks to buy today: Stock recommendations for April 10, 2026 - check list
Top stocks to buy (AI image)
Stock market recommendations: IndusInd Bank, and IIFL Finance - these are the two stocks that Bajaj Broking Research has recommended for buying today with a one month time horizon. The brokerage has also shared its views and outlook for Nifty, and Bank Nifty.Index View: NIFTYIndian benchmark indices saw a strong rebound during the week after U.S. President Donald Trump announced a two-week ceasefire agreement with Iran, just hours before his deadline for Tehran to reopen the Strait of Hormuz. This development boosted global market sentiment, triggering a sharp pullback in equities worldwide. Nifty also surged more than 3.5% during Wednesday’s trading session.Investor sentiment, however, turned cautious again on Thursday following renewed tensions in the Middle East. Israel carried out its heaviest strikes on Lebanon, prompting threats of retaliation from Iran. Meanwhile, Tehran signaled that continuing negotiations with the United States for a permanent peace deal may be “unreasonable,” casting doubt over the durability of the recent de-escalation.Nifty after a 1800 points up move in just four sessions is likely to consolidate in the range of 24,000-23,100 in the coming sessions amid stock specific action as the Q4FY26 earnings season gets underway. On the higher side a move above 24,000 levels will open further upside towards 24,300 and 24,700 levels over the coming weeks. Nifty has immediate support at 23,450-23,100 levels being the confluence of the Wednesday gap area and 20 days EMA.
Index sustaining above the same will keep the current pullback trend intact. Market participants may consider utilizing dips to build long positions, with an upside potential towards 24,300 and 24,700 levels over the coming weeks.Volatility is expected to remain elevated in the near term, driven by uncertain global cues, firm crude oil prices, and ongoing geopolitical developments.On the downside, short-term support is placed at 22,700–22,500 zone, which aligns with the current week’s low and the 61.8% retracement of the recent four-session pullback.BANKNIFTYBank Nifty after 5700 points up move in just four sessions is likely to consolidate in the range of 55,700-52,500 in the coming sessions amid stock specific action.On the higher side a move above 55,700 levels will open further upside towards 56,300 and 57,000 levels in the coming weeks.Bank Nifty has immediate support at 52,500-53,500 levels being the confluence of the Wednesday gap area and 20 days EMA. Index sustaining above the same will keep the current pullback trend intact. Market participants may consider utilizing dips to build long positions, with an upside potential towards 56,300 and 57,000 levels over the coming weeks.Short-term support is revised higher towards 51,000–51,500 zone being the current week low and 80% retracement of the last four sessions pullback.

Stock Recommendations:

IndusInd BankBuy in the range of ₹ 810.00-830.00
Target

Return

STOPLOSS

Time Period

₹ 909

11%

778

1 Month

The stock has generated a breakout above the falling channel and has moved above the 20 days EMA signaling strength and offers fresh entry opportunity. Buying demand has recently emerged from the support area of 760-780 being the 80% retracement of the previous major rally of 710-968.The stock is expected to move towards the target level of 909, which represents the previous breakdown area and the 80% retracement of the recent decline from 968 to 751.IIFL FinanceBuy in the range of 440-450
Target

Return

STOPLOSS

Time Period

₹ 498

12%

424

1 Month

The share price of IIFL Finance is seen rebounding from the key support area of 415-425 thus offers fresh entry opportunity with favorable risk reward set up. Buying demand is seen emerging from the support area being the confluence of the previous major lows and the 200-week EMA which has historically acted as strong support.The stock is expected to move towards the target level of 498, which represents the 100 days EMA and the 50% retracement of the recent breather from 566 to 421.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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About the AuthorTOI Business Desk

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.

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