Top stocks to buy today on August 20, 2026Top stock market recommendations: Jubilant FoodWorks, KPR Mill, Meesho - these are the top stocks to buy on August 20, 2026 recommended by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth. He has also shared his outlook for Nifty and Bank Nifty:Jubilant FoodWorks (BUY):LCP: 498Stop Loss: 476Target: 545A strong uptrend has emerged in the stock fueled by sectoral tailwinds in the QSR space. Stock has also crossed back above its 200 DMA after a gap of over 52 weeks of trading below the same. Given that prices are holding on to 5 month highs with emergence of strong price action, the stock is likely to hit its resistance of 200 WMA on the upside which currently reads near the 550/sh mark.KPR Mill (BUY):LCP: 1126Stop Loss: 1077Target: 1212Stock has been witnessing higher low formation in its historical trend and the same has been repeating on its daily charts. A short term bullish trendline breakout has also been observed over the past 6-8 weeks, with the stock remaining above its 200 DMA protecting any short term downside. Another 7-8% rally is likely to unfold from CMP given the set up coinciding on daily and weekly charts.Meesho (BUY):LCP: 196Stop Loss: 184Target: 220A downward sloping trendline which allows a breakout from a bullish cup and handle formation on daily charts has occurred on Meesho. Adding to this, the stock has reversed after witnessing a retracement from its 61.8% mark on Fib ratios of its previous rally which was seen unfolding between 125 and 227. Such a set up allows a continuation of this rally towards its recent swing highs.Index View: Nifty & Bank NiftyNifty ended over a percent in red so far this week with the index now down over ~700 pts after facing resistance at its 200 DMA at the start of this month. The index has also retraced 61.8% of its rally from 23600 to 24770. An interesting pattern to observe is that, in this cooldown from its 200 DMA, Nifty has never traded above its previous day’s high and hence the first sign of strength will be visible once the index crosses its previous day’s high. Currently the 24000 - 24200 zone is seen as a strong support zone for a reversal towards its 200 DMA with a stoploss below 24k mark.Bank Nifty on the other side, is nearing its 6.5 year polarity support on its rising trendline. 57150 on the Bank Nifty has been acting as a strong swing base while the index remains open to hit 58300 / 58600 on the upside if the ongoing support continues to hold on to. Bank Nifty has also formed an outside bar pattern in Monday’s session and continues to broadly remain within the same on a closing basis.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)