Stock market recommendations: Bharti Airtel, and Tata Power Company are the top stock recommendations by Bajaj Broking Research on March 6, 2026. The target prices are expected to be hit in a span of around 6 months – the brokerage shares a detailed outlook on both stocks and also on Nifty and Bank Nifty:Index View: NIFTYIndian benchmark indices during the current week traded with downward bias, with the Nifty 50 testing the 24,300 mark amid rising geopolitical tensions between the United States and Iran. The escalating situation in the Middle East sparked concerns across global markets and triggered a sharp surge in Brent crude oil prices, which climbed above $80 per barrel.Higher crude oil prices remain a significant macroeconomic headwind for India, given the country’s heavy dependence on energy imports. Sustained increases in oil prices can push up inflationary pressures, widen the current account deficit, and weaken the domestic currency. In addition, rising input costs may squeeze corporate profit margins, particularly for sectors such as aviation, logistics, paints, and oil marketing companies, thereby weighing on overall equity market sentiment.Domestic markets have also been under pressure due to continued selling by overseas investors. Persistent outflows from foreign institutional investors (FIIs) have reduced market liquidity and dampened investor confidence, contributing to the recent volatility in benchmark indices.Meanwhile, the Indian rupee came under significant pressure, falling to a record low of 92.30 against the US dollar on Wednesday. The depreciation was largely driven by surging crude oil prices, global risk aversion, and ongoing geopolitical uncertainties. However, the rupee managed to recover some of its losses in the following session and was seen trading around 91.60 levels on Thursday.Nifty on Wednesday session tested the August 2025 low (24337) and witnessed a pullback from the support area in the last 2 sessions to close above 24700 levels. Volatility is likely to remain elevated amid uncertain global cues and escalating geo-political tension.Index holding above Wednesday panic low of around 24,300 is likely to extend pullback towards 25,100-25,200 in the coming sessions. Overall, we expect consolidation in the range of 24,300-25,200.A follow through weakness below Wednesday low (24305) can led to test of the support area of 24,200-24,000 being the value of the trendline joining the major lows of CY23 and CY25.BANKNIFTYBank Nifty traded with downward bias during last week and in the process retraced 80% of its previous up move (57783-61764).Bias remains down below Tuesday’s gap down area (59840-59058). Volatility is likely to remain elevated amid uncertain global cues and escalating geo-political tension.Index likely to consolidate in the range of 58,000-60,000 in the coming sessions. A breakout or a breakdown will signal the next directional movement.A breakdown below 58,000 on account of escalating geo-political tension will open further downside towards 57,200 levels in the coming week.
Stock Recommendations:
Bharti AirtelBuy in the range of ₹ 1880-1910
Buying demand is seen emerging from the 50% retracement of the previous major rally (1560-2174) and the 52 weeks EMA thus offers fresh entry opportunity with a favorable risk-reward set up.We expect the stock to resume up move and head towards 2057 levels in the coming months being the confluence of the 61.8% retracement of the entire decline and high of February 2026.The daily stochastic has recently generated a buy signal moving above its nine periods average thus validating positive bias. Tata Power CompanyBuy in the range of 370-380
The stock is at the cusp of generating a breakout above a falling supply line joining the highs of September 2024 and October 2025 signaling resumption of up move and offers fresh entry opportunity.We expect the stock to head towards 413 levels in the coming quarters being the high of October 2025 and the upper band of the last 12 months range.Daily 14 periods RSI is in uptrend and is seen sustaining above its nine periods average thus supports the positive bias in the stock. (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)
