Recommended stocks to buy on 6 August

The Story in Brief

On August 6, 2026, Aakash K Hindocha, Vice President – Research at Nuvama Professional Clients Group/Nuvama Wealth Management, named Ambuja Cements, Asahi India Glass and Pfizer as top buy calls. Ambuja Cements has a last close price (LCP) of 445, stop loss 427 and target 478; the analyst notes a decisive breakout from a five‑month symmetrical triangle and higher lows, with an immediate technical target near the 200‑day moving average around ₹480. Asahi India Glass has LCP 926, stop loss 892 and target 990; it broke an eight‑month declining trendline, reclaimed the 200‑DMA and posted its highest five‑month close, allowing a projected 6-8% short‑term rise. Pfizer’s LCP is 4,908 with stop loss 4,700 and target 5,280; it broke a 12‑month downtrend, reclaimed the 200‑DMA and completed a six‑month base, signaling a medium‑term bottom toward about Rs 5,300.

The index view noted Nifty ended marginally in green after an intra‑day negative trend and CAS adjustment, with a 200‑DMA resistance at 24,775 and a longer‑term view toward 25,500. Bank Nifty showed similar gap‑filling action and CAS recovery, with upside charts open to 58,500-58,850 and support at its 200‑DMA. The analyst linked the short‑covering rally to cooler oil prices and US 10‑year yields, and flagged the importance of US10Y closing below 4.60% this week.

The Indian Opinion

The article is a concise summary of technical buy calls with specific entry, stop and target levels. Readers should note this is technical analysis: breakouts, DMA reclaims and base formations are probabilistic signals rather than guarantees. The piece gives clear numeric guidance but does not quantify the probability of success or potential downside beyond stop‑loss levels. References to macro drivers – cooling oil prices and US10Y yields – are reasonable but hinge on those factors continuing to move as expected, which is uncertain. The report does include an analyst attribution and a disclaimer that views are the expert’s own; ordinary investors may prefer to treat these as one input among many and consider their own risk tolerance and time horizon.

Original article: Top stocks to buy today: Stock recommendations for August 6 – check list (timesofindia.indiatimes.com)

This story was summarised and commented on by AI from the source linked above.