Top stocks to buy today (AI image)

Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7, 2025:Index View: NiftyNifty has been trading within a 2% range for the past 8 trading days as the index has given a breakdown from a bearish head and shoulders pattern below 24830 odd. Targets for the same have opened up for 24600 (achieved) and there after a retest of 24200 is on cards. Markets have been waiting for an event trigger however the sideways consolidation signals calmness ahead of a sharp move. The index is not out of the woods and a quick short covering move towards 25000 opens up on closing above 24785.Bank NiftyBank Nifty has witnessed a slow grind and lost 1000 odd points in the last one week of trading. The index has been trading below its short term support of 55800 from the start of this week which had opened up for a downside towards 55300 /55100. On the longer term charts this range of 55100 – 55300 co-indexes with a long term 5-year trendline’s – polarity support. An event - positive or negative is likely to set the tone from here on. Reference points to be seen on a weekly closing basis this week are below 55100 and above 55300 for a 4-5% move to unfold on the index.ASIANPAINTS (BUY):LCP: 2491Stop Loss: 2405Target: 2725The Asian Paints stock has given a 9-month long - bullish triangle breakout last month, a retest of the same and resumption on uptrend from the same now allows for a short covering rally northwards to the tune of 8-10% from CMP. Adding to this, a bullish pole and flag breakout is also seen on short-term charts acting as a tailwind in the formed structure.CUMMINSIND (BUY):LCP: 3629Stop Loss: 3481Target: 3900After its breakout from a one-year correction in June 2025, the Cummins India stock has been gaining strength and seeing supply despite a weaker broader market. Every single-digit percentage loss has been bought into the past trading days while the stock aims to cross its previous all-time highs, the current breakout suggests an up move towards 3900.EICHERMOT (BUY):LCP: 5665Stop Loss: 5550Target: 5990Eicher Motors has given a 3-month bullish triangle breakout for targets of new all-time highs. On daily and weekly charts, lower high formation has also been seen which suggests the presence of buyers at lower levels and supplies are being bought. The stock is on the verge of giving its highest ever weekly closing on charts this week.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)

Stay informed with the latest business news, updates on bank holidays and public holidays.