Top stocks to buy today: Stock recommendations for July 3, 2025
Top stock market recommendations:
According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Titagarh Rail Systems, ICICI Prudential Life Insurance, and CESC are the top buy calls for today.
Here's his view on Nifty, Bank Nifty and the top stock picks for July 3, 2025:
Index View: Nifty
After a bearish engulfing pattern formation at the start of this week, Nifty has been facing selling pressure to rise up further. A retest of sub 25250 is likely to play out in the next 2-3 trading sessions which will also be its retest of cup and handle breakout seen earlier last week. Despite an underlying current being strong lifting the index to 9 month highs and only 3% away from its all-time highs - the MMI greed and fear index for Indian equities has entered the 'extreme greed' zone with a reading above 74/100.
Charts have opened up for 26000+ and a support seen at 25250.
Bank Nifty
Bank Nifty has made an engulfing bearish formation yesterday on daily charts. A close just below its trailed support of 57000 has also been claimed in Wednesday's closing. Charts on the index continue to look stretched and rise between 57150 -57200 are likely to get sold into for lower targets nearing 56300 odd.
TITAGARH (BUY):
LCP: Rs 950.50
Stop Loss: Rs 927
Target: Rs 1036
Titagarh Rail Systems has closed at 5 month highs, after giving multiple breakouts in daily and weekly timeframes in the month of June.
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A fresh 6 month trendline breakout has also been observed last week which is likely to lift the stock 10% higher from its breakout point of 938.
ICICIPRULI (BUY):
LCP: Rs 658.80
Stop Loss: Rs 645
Target: Rs 723
Marking an end to its 9 month correction, charts of ICICI Prudential Life Insurance have given a bullish breakout from a sloping trendline which was in place from Oct 2024. Resistance of 200 DMA has also been reclaimed earlier this week while momentum is set to pick up on sustaining or closing above 667 for targets of 8-10% higher.
CESC (BUY):
LCP: Rs 177.09
Stop Loss: Rs 170
Target: Rs 190
Bullish pole and flag breakout after crossing over its 200 DMA has been spotted on daily charts of CESC. Along with this, a 9 month trendline breakout is also seen on higher timeframe charts hinting towards the stock price scaling for fresh all time highs. For now, we are projecting 190 as targets in this leg, however upside for 215+ remains open.
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