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Trading guide: Nifty reflects caution; PNB, Indus Towers top stocks to buy
Markets traded volatile and ended marginally lower, continuing the prevailing consolidation phase. After an initial uptick, the Nifty gradually drifted lower through most of the session; however, a bounce in the final hour helped trim some losses. Eventually, the Nifty50 index settled at 25,453.40, down by 0.35 per cent.
On the sectoral front, the trend remained mixed, with metals, pharma, and auto sectors ending in the green, while realty and banking came under pressure. The broader indices also witnessed choppy trade and closed flat to marginally in the red.
While global markets continue to display strength, the recent pause in Nifty reflects caution, as participants await fresh triggers to resume the uptrend. We recommend maintaining a positive bias while focusing on stock selection, especially in sectors showing relative outperformance, with an eye on the risk-to-reward ratio.
Stocks Recommendations
Buy Indus Towers | LTP: ₹423.25 | Target: ₹450 | Stop-loss: ₹408
Indus Towers has been consolidating in a cup and handle formation over the past nine months, following a correction from its record high of ₹460.30. During this phase, the stock established a strong base above the neckline of its previous breakout zone and consistently held above key moving averages, underscoring the strength in its structure.
Buy Punjab National Bank | LTP: ₹113.85 | Target: ₹121 | Stop-loss: ₹109
Following a prolonged corrective phase, PNB stock is showing strong signs of a trend reversal. The stock first breached its daily trend line resistance while forming an Inverted Head and Shoulders pattern. A subsequent breakout above the neckline provides dual confirmation of the reversal and signals the beginning of a fresh uptrend. This setup offers a favourable opportunity to initiate long positions at the recommended levels.
Buy Steel Authority of India | LTP: ₹137.48 | Target: ₹148 | Stop-loss: ₹132
Metal stocks are seeing renewed buying interest, and SAIL is moving in line with the trend. The SAIL stock has been gradually inching higher following a breakout from its corrective phase. It has now formed a fresh buying pivot after a brief dip, demonstrating continued strength.
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Time of India
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- Time of India
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Meanwhile, the Nifty Smallcap 100 was even more muted, confined to a tight 257-point range which was the lowest weekly range since July 2023. Such compressed trading ranges across large-cap, mid-cap, and small-cap spaces underline a phase of market indecision and consolidation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo And for intraday and short-term traders, this environment can be particularly frustrating. With volatility drying up and price moves becoming increasingly shallow, identifying tradable setups becomes challenging. Opportunities to ride quick momentum are scarce, and whipsaws are more common — making this one of the toughest phases for active traders. Yet, amid this sluggishness, the broader trend still leans bullish. 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After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes
The Indian equity markets ended the week on a weaker note as investors opted to book profits at higher levels. The Nifty50 closed below the 25,500 mark, registering a weekly loss of 0.69% for the period ended July 4, 2025. ADVERTISEMENT In our previous analysis, we identified June 30 as a crucial inflection point — a date that could define the Nifty's next directional move. That outlook played out accurately: June 30 marked the weekly high, and once the low of that day was breached, the Nifty witnessed three consecutive sessions of lower lows, confirming a short-term downtrend. Our predefined levels worked with remarkable precision throughout the week:The 25,566–25,600 zone acted as a strong resistance, with daily highs on July 1st, 2nd, and 3rd repeatedly stalling at this weekly low was formed at 25,331, almost exactly aligning with our projected support of 25,320. ADVERTISEMENT Time zone-based forecasting added another dimension of clarity: June 30 (Monday): The day's high occurred exactly at 9:25 AM, with swings near our key time zones of 11:10 AM and 12:35 PM. ADVERTISEMENT July 1 (Tuesday): The intraday low hit around 11:20 AM, right on 2 (Wednesday): The sell-off paused around 11:20 AM and picked up again near 12:45 PM. ADVERTISEMENT July 3 (Thursday): A volatile swing low occurred on the first candle at 9:25 4 (Friday): The day's low formed at 12:20 PM, followed by a sharp rally beginning around 2:30 PM, again in sync with our mapped time zones. ADVERTISEMENT This confluence of price levels and time cycles once again proved to be a powerful edge for disciplined Dates & Time Cycles for July 7–11, 2025The July 10 session could be a major turning point. Watch the high and low of the day closely — they may offer critical clues for a breakout or time windows are critical for spotting intraday reversals, momentum acceleration, or signals of trend Zones: 25,434 | 25,320 | 25,120 | 24,978 | 24,856Resistance Zones: 25,586 | 25,600 | 25,910 | 26,234All eyes are now on Thursday, July 10, which could serve as a decisive day for market direction. Traders are advised to monitor price action and intraday time slots closely for disciplined. Respect time. Respect levels. (The author is Director, Wealthview Analytics Pvt Ltd) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of
