Stocks To Buy Today, Nov 18: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Tuesday

While Nifty Bank concluded the Monday session at 58,962.70, up 0.76%, as the index experienced a strong breakout and even reached a new all-time high of 59,001.55 during the day, Nifty wrapped up the previous session at 26,013.45, up 0.40%, prolonging its upward trend as the index approached the 26,100 mark. The India VIX finished at 11.79, and the positive trend would be strengthened if it fell below 11.50.

Nifty Outlook Today

"The market setup remains constructive as Nifty sustains above key moving averages and continues its higher-high structure. The contraction in India VIX to 11.79, with a potential drop below 11.50, reinforces a stable volatility environment that typically supports bullish momentum. Going ahead, as long as Nifty holds above 25,850, the bias remains positive," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"A decisive breakout above the 26,100 resistance zone could trigger further strength toward the 26,277 record high. Traders should watch for short covering at 26,000 CE or fresh put writing at 25,900/25,950 to confirm a strong directional move. Overall, the index remains positioned for a bullish continuation, with momentum, derivatives data, and volatility all aligning in favour of the bulls," Dhupesh Dhameja added.

Bank Nifty Outlook Today

"The outlook for Nifty Bank remains constructive and firmly tilted to the upside. The breakout to all-time highs, combined with strong momentum indicators and favourable derivatives positioning, underscores a resilient bullish undertone. As long as the index holds above 58,500, dips are likely to attract fresh buying," Dhupesh Dhameja commented.

"A sustained move above 59,000 would further strengthen the uptrend and open the gates for a swift move toward 59,450, and even higher extension levels in subsequent sessions. With volatility remaining stable and trend indicators aligned, the broader setup suggests that the bulls are firmly in control, and the index is well-positioned for continued upward momentum," he further added.

Stocks To Buy Today

On Tuesday, November 18, technical analyst Riyank Arora of Mehta Equities Ltd. suggested purchasing two stocks as the Nifty index headed toward the 26,100 level.

Hero MotoCorp

Buy | CMP: Rs 5,798.50 | SL: Rs 5,650 | Target: Rs 5,950 / Rs 6,100

Hero MotoCorp is maintaining a bullish structure after recent consolidation, with support emerging near ₹5,650. The stock is forming higher highs, showing strong trend continuation. RSI is rising, suggesting improving momentum. A sustained move above ₹5,820 may lead to targets of ₹5,950 and ₹6,100. Stop-loss at ₹5,650.

PolicyBazaar (PB Fintech)

Buy | CMP: Rs 1,815.70 | SL: Rs 1,760 | Target: Rs 1,880 / Rs 1,92

PolicyBazaar has bounced from its short-term support zone near ₹1,760 and is showing signs of trend resumption. The stock is trading above key moving averages, reflecting strength. Momentum indicators are turning positive, and a close above ₹1,835 can accelerate gains toward ₹1,880 and ₹1,925. Maintain SL at ₹1,760.

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