Banking, Finance & Insurance

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Yes.
NISM Certification Exams are qualifying exams to perform a specific job function. For example, you will be required to pass NISM Series VA: Mutual Fund Distributors Certification Exam to sell mutual fund products.
Specifically for Research Analysts, you can start working as an analyst, but you will not be able to publish any research report or make any research recommendation unless you pass the NISM Series XV: Research Analyst Certification.
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Dear,
Yes, you can but you need to maintain your time management and give the maximum time of your day in classroom study and self-study too.
If you can bear the pressure than kindly follow both, otherwise, one will be decent.
All the best.