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Recommended stocks to buy today, 22 July, by India's leading market experts
Recommended stocks to buy today, 22 July, by India's leading market experts

Mint

time4 hours ago

  • Business
  • Mint

Recommended stocks to buy today, 22 July, by India's leading market experts

On Monday, India's benchmark indices staged a strong turnaround after an early slip. The Sensex rebounded from a morning low of 81,609 to finish about 378 points (0.46%) higher at 82,136 points, while the Nifty clawed back from 24,900 to trade near 25,066 (up 0.39%) by late morning. Here are the best stock picks for today, 22 July, as recommended by leading market experts. Three stocks to buy today, recommended by NeoTrader's Raja Venkatraman SCHAEFFLER: Buy CMP and dips to ₹4,190 | Stop: ₹4,160 | Target: ₹4,625-4,775 UTIAMC: Buy CMP and dips to 1431 stop 1405 target 1580-1640 APTUS : Buy CMP and dips to ₹340 | Stop: ₹335 | Target: ₹385-398 Top 3 stocks to buy, recommended by Ankush Bajaj for 22 July Adding to the bullish case, the stock has broken out of a triangle pattern on lower timeframes, projecting an upside target of ₹940+. This technical breakout, combined with strong momentum indicators, suggests continuation of the current rally. This technical breakout aligns with strengthening momentum indicators, suggesting that the stock is gearing up for a fresh leg of upside. The structure looks poised for continuation, especially if broader sentiment remains stable. This breakout from a flag formation confirms the resumption of the prior uptrend. With momentum and price action aligned, the stock appears well-positioned for further upside. Stocks to trade today, recommended by Trade Brains Portal for 21 July Current price: ₹378.60 Target price: ₹480 in 16 - 24 Months Stop-loss: ₹325 Why it is recommended: RVNL was founded in 2003 to revolutionize the railway landscape in India with a focus on project implementation and the development of transportation infrastructure, such as railway lines, electrification, bridges, and more. The Department of Public Sector Enterprises (PSE) had awarded the company the title of Navratna, which denotes a large, profitable, and strategically significant PSU. To carry out projects in their respective regions, RVNL has 30 project implementation units spread across 25 locations in India. Additionally, two project units have been formed outside of India: one in Dubai and one in the Maldives. In FY25, the company's revenue was ₹19,923 crore, down 8.9% on year from ₹21,878.5 crore. Net profit fell 17.3%, from ₹1,550.87 crore to ₹1,281.5 crore. This decline was due to a delay in funding by the Ministry of Railways. They anticipate higher margins in FY26, and the turnover would be the same as the FY25 projection of ₹21,000 crore. As the company expands into new areas, such as metro maintenance, small-scale manufacturing, and international projects, the margins are expected to improve. The company is actively diversifying into long-term revenue visibility outside of the fiercely competitive EPC market. Utilizing the increasing number of metro projects around India, key priority areas are railway infrastructure and metro system operation and maintenance (O&M). Furthermore, the company has one of the key joint ventures in the development of Vande Bharat, which will begin production in June FY26, and the company anticipates positive cash inflows starting the following year. On the order book part, the company anticipates that Bharat Net orders will rise from the present order of ₹14,000 crore to ₹17,000 to ₹18,000 crore in FY26, a 20% to 25% increase. The company currently has a ₹1 lakh crore order book, of which ₹45,000 crore comes from Indian Railways and around ₹55,000 crore comes from projects that were put out to bid. Risk factors: Since RVNL is not designated as a Zonal Railway, it does not have the authority to approve plans, drawings, and other materials. As a result, delays in obtaining approval from Zonal Railways for plans, traffic blockages, etc., could affect RVNL's project development. Additionally, delays may occur due to modifications made to the Railways' approved plans during project execution. Current price: ₹ 489 Target price: ₹ 630 in 12 Months Stop-loss: ₹ 406 Why it's recommended: VBL's revenue from operations grew by 28.9% YoY to ₹5,566.9 crore in Q1 CY2025 from ₹4,317.3 crore in Q1 CY2024. Their sales volume also increased by 30.1% to reach 312.4 million cases, driven by strong organic volume growth of 15.5% in India and inorganic volume contributions from South Africa and the Democratic Republic of Congo. VBL's EBITDA increased by 27.8% in Q1 CY 2025 to Rs. 1,263.96 crore. PAT increased by 33.5% to Rs. 731.4 crore in Q1 CY2025, driven by robust volume growth and lower finance costs. (Note: The company follows a January-December calendar year format.). The company has commissioned new production facilities at Kangra (Himachal Pradesh) and Prayagraj (Uttar Pradesh) and also set up backward integration facilities at the Prayagraj plant, as well as at the DRC plant in the international region. Acquired BevCo along with its wholly owned subsidiaries and SBC Beverages Ghana Limited (SBCG) in West Africa. VBL has recently entered into binding agreements to acquire a 100% stake in Tanzania and Ghana, further enhancing its African market presence. The company has also secured exclusive snacks franchising rights for PepsiCo's brands in Morocco, Zimbabwe, and Zambia, set to commence by October 2025. VBL successfully raised ₹7,500 crore through a Qualified Institutional Placement (QIP) for strategic acquisitions and expansions. Currently, the company's net debt stands at ₹6,000 crore, with plans to utilize the proceeds for debt reduction for is adding about 10-12% additional outlets (400,000-500,000 outlets) every year, bolstering its growth. The company owns 130+ depots, 2800+ primary distributors, and 10,000+ vehicles, and also has franchise rights in Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. VBL is the world's second-largest PepsiCo franchisee with a market share of 72% in the carbonated segment, holding exclusive rights to manufacture and distribute PepsiCo's carbonated and non-carbonated beverages across 27 Indian states and 7 union territories. The company has 50 state-of-the-art production facilities, 38 in India & 12 international territories. Risk factors: Consistent growth in revenue and sales volumes may be affected due to fluctuations in seasonal sales that might pose a risk to the company's overall financial performance throughout the year. Further, regulations like plastic bottle bans, high sugar taxes, and FDI restrictions pose risks for Varun Beverages. Two stock recommendations for today by MarketSmith India Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Top three stocks to buy today—recommended by Ankush Bajaj for 22 July
Top three stocks to buy today—recommended by Ankush Bajaj for 22 July

Mint

time5 hours ago

  • Business
  • Mint

Top three stocks to buy today—recommended by Ankush Bajaj for 22 July

On Monday, the Nifty 50 rose 122.3 points or 0.49%, closing at 25,090.70, while the BSE Sensex gained 442.61 points or 0.54% to settle at 82,200.34. The Bank Nifty also closed higher, advancing 578.40 points or 1.03%, as financial stocks attracted strong buying interest through the session. Top 3 stocks recommended by Ankush Bajaj for 22 July: Adding to the bullish case, the stock hasbroken out of a triangle pattern on lower timeframes, projecting an upside target of ₹940+. This technical breakout, combined with strong momentum indicators, suggests continuation of the current rally. Buy: Ambuja Cements Ltd — Current Price: ₹613.25 This technical breakout aligns with strengthening momentum indicators, suggesting that the stock is gearing up for a fresh leg of upside. The structure looks poised for continuation, especially if broader sentiment remains stable. Buy: Mahindra & Mahindra Ltd — Current Price: ₹3,246.70 This breakout from a flag formation confirms the resumption of the prior uptrend. With momentum and price action aligned, the stock appears well-positioned for further upside. Market Wrap On Monday, 21 July 2025, Nifty 50 rose by 122.3 points or 0.49%, closing at 25,090.70, while the BSE Sensex gained 442.61 points or 0.54% to settle at 82,200.34. The Bank Nifty also closed higher, advancing 578.40 points or 1.03% to finish at 56,994.00, as financial stocks attracted strong buying interest throughout the session. Sectorally, the market exhibited a mixed but encouraging tone. The oil and gas sector declined 1.09%, PSU banks dipped 0.62%, and FMCG slipped 0.50% — largely due to profit booking. However, rotational flows found their way into stronger themes, with the finance sector climbing 1.62%, the banking index rising 1.19%, and the services sector advancing 1.08%, offering support to the broader market. Nifty Technical Analysis Daily & Hourly The Nifty ended Monday's session on a positive note, closing at 25,090.70, up 122.30 points or 0.49 percent, staging a strong recovery after opening on a flat-to-negative note. The index posted a one-sided uptrend throughout the session and managed to close near the day's high, reclaiming the key 25,000 psychological mark, which now acts as an immediate support zone. From a technical standpoint, Nifty is currently trading above its 40-day exponential moving average (25041) but still below the 20-day simple moving average, which now stands at 25,324. This configuration indicates that while some short-term relief has come in, the upside may remain limited unless the index decisively crosses and sustains above the 20-DMA. On the hourly chart, the index is trading marginally above its 20-hour SMA (25114) and 40-hour EMA (25054), showing initial signs of intraday recovery but also highlighting a cluster of near-term resistances that need to be cleared to confirm a sustained breakout. Momentum indicators are signaling a cautiously optimistic outlook. The daily Relative Strength Index (RSI) has improved slightly to 47, indicating stabilization in trend, while the hourly RSI is at 51, reflecting improved intraday strength. However, the daily MACD has slipped to +26, showing weakening momentum compared to previous sessions, and the hourly MACD remains in negative territory at –27, which suggests that short-term momentum is still not fully aligned with the bullish reversal. The options data paints a mixed picture. Total Call open interest stands at 13.67 crore, while Put open interest is at 11.76 crore, resulting in a net difference of –1.91 crore, which still reflects a bearish bias in positioning. The highest Call OI lies at the 26,000 strike, with maximum additions at the 25,600 level, indicating a strong overhead resistance zone. On the Put side, the highest open interest stands at 25,000, while the maximum additions came at the 25,100 strike, suggesting traders are placing bets that the 25,000 mark will hold as strong support. Importantly, the intraday changes in open interest show that Call OI rose by only 45.61 lakh, while Put OI saw a significant increase of 3.99 crore, resulting in a net change of +3.54 crore — a shift that indicates bullish sentiment building at current levels. While the overall OI structure remains technically bearish, the sharp increase in Put writing and reduced call additions reflect a bullish shift in short-term expectations. India VIX data was not significantly updated in this session, but the recent reading of 11.39 suggests that volatility remains subdued, keeping risk appetite in check and favoring directional trades. In summary, after multiple failed attempts, Nifty has managed to reclaim the 25,000 level, supported by improved intraday momentum and fresh Put writing in the derivatives segment. The immediate hurdle lies at the 25,150–25,324 zone, beyond which a further move toward 25,500–25,600 could unfold. On the downside, the 25,000–24,950 band will now act as a crucial support range. A decisive break below this level could revive selling pressure and bring the 24,700 level back into focus. Until the index crosses above 25,324, the broader structure remains neutral with a slight positive bias. Traders are advised to remain cautiously optimistic, avoiding aggressive longs until a clean breakout above resistance is confirmed. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Top three stocks to buy today—recommended by Ankush Bajaj for 21 July
Top three stocks to buy today—recommended by Ankush Bajaj for 21 July

Mint

timea day ago

  • Business
  • Mint

Top three stocks to buy today—recommended by Ankush Bajaj for 21 July

Indian stock market benchmarks—the Sensex and the Nifty 50—ended lower on Friday, 18 July, extending losses for the third straight week. The Nifty 50 slipped below the key 25,000 mark, signalling continued pressure on the broader market. Over the past three weeks, the Sensex has shed nearly 2,300 points, or close to 3%, while the Nifty 50 has also declined by around 3%. On Friday, the Nifty 50 fell 143 points, or 0.57%, to close at 24,968.40, while the Sensex dropped 502 points, or 0.61%, to settle at 81,757.73. The broader market also came under pressure, with recent outperformers in the mid- and small-cap segments witnessing a sell-off. The BSE Midcap and Smallcap indices declined 0.62% and 0.64%, respectively. Top 3 stocks recommended by Ankush Bajaj for 21 July: Why it's recommended: Despite the broader market sell-off, SAIL managed to close over 2% higher on Friday, showing strong relative strength. The stock has taken support at the 20-day moving average on the daily chart, and the daily RSI stands at 60, indicating bullish momentum. This resilience suggests that the uptrend may continue in the near term. Key metrics: Support taken at 20-DMA; strength seen despite weak market. Pattern: Bounce from moving average with strong candle formation. RSI: Daily RSI at 60 confirms upward momentum. Technical analysis: The chart indicates strong support and the potential for a move toward ₹145 in the short term. Risk factors: A breakdown below ₹132 would invalidate the setup and invite renewed selling. Buy at: ₹136.45 Target price: ₹145.00 Stop loss: ₹132.00 Why it's recommended: On the daily chart, HDFC AMC has formed a triangle breakout pattern, supported by a strong RSI reading of 74, indicating robust momentum. On lower timeframes, the stock is trading above all key moving averages, which further strengthens the bullish outlook. A continuation of this rally could lead to much higher levels. Key metrics: Triangle pattern breakout on daily chart with high RSI. Pattern: Bullish triangle breakout with volume support. RSI: Strong daily RSI at 74 signals momentum continuation. Technical analysis: The structure suggests an ongoing breakout with scope for further upside towards ₹5,680 and higher. Risk factors: A fall below ₹5,545 would negate the breakout and weaken the trend. Buy at: ₹5,590.00 Target price: ₹5,680.00 Stop loss: ₹5,545.00 Why it's recommended: Glenmark Pharma has formed abullish pennant pattern on the daily chart, indicating a continuation of its recent strong uptrend. The hourly RSI is trending higher at 59, showing that momentum is picking up again after recent profit booking. The stock made new highs recently, and this consolidation phase could lead to a fresh breakout toward lifetime highs. Key metrics: Bullish pennant breakout on the daily chart. Pattern: Pennant pattern with momentum re-emergence. RSI: Hourly RSI at 59 showing strength returning. Technical analysis: The price action suggests that the stock may be ready for another leg up towards ₹2,280, with potential to go even higher. Risk factors: A move below ₹2,194 would invalidate the bullish setup. Buy at: ₹2,225.50 Target price: ₹2,280.00 Stop loss: ₹2,194.00 Market Wrap – 18 July Indian equity markets ended in the red on Friday, 18 July, as sustained selling across key sectors continued to weigh on investor sentiment. Despite brief recovery attempts—particularly in select defensives—broader market momentum remained weak, leading to a negative close across major indices. The Nifty 50 declined 143.05 points, or 0.57%, to settle at 24,968.40, while the BSE Sensex shed 501.51 points, or 0.61%, closing at 81,757.73. The Bank Nifty also ended lower, down 545.80 points, or 0.96%, at 56,283.00, as late-session buying failed to offset earlier losses in financial stocks. From a sectoral perspective, the tone remained largely cautious. The Banking index slipped 0.79%, Financial Services dropped 0.67%, and the Services index declined 0.59%—all reflecting profit booking and a broader risk-off mood in high-beta segments. The Metal sector stood out with a modest gain of 0.37%, offering some support to an otherwise weak market. In stock-specific action, Wipro led the gainers with a 2.25% rise, followed by Bajaj Finance and Tata Steel, which gained 1.63% and 1.17%, respectively—supported by sustained institutional inflows and strength in metals. However, the broader undertone remained bearish. Axis Bank fell sharply by 2.75%, Shriram Finance declined 1.67%, and Bharat Electronics Ltd. dropped 1.44%, reflecting investor caution in previously strong counters. Nifty Technical Analysis Daily & Hourly The Nifty ended Thursday's session on a weak note, closing at 24,968.40, down 143.05 points or 0.57 percent, marking a clear breakdown below the psychological 25,000 mark. This close below a key level indicates a further deterioration in short-term sentiment and suggests that the selling pressure may continue in the coming sessions. Technically, the index is now trading below both the 20-day simple moving average, which stands at 25,318, and the 40-day exponential moving average at 25,038. This structure signals that the upside remains capped unless the index manages to reclaim these moving averages decisively. The hourly chart also shows continued weakness, with Nifty trading below its 20-hour simple moving average of 25,137 and the 40-hour EMA at 25,101. More importantly, the index has broken down from the lower end of a rising wedge pattern, which is a bearish technical formation. This breakdown projects a near-term downside towards the 24,700 level, and if that fails to hold, the next major support lies around 24,500. Momentum indicators are reinforcing this bearish bias. The daily Relative Strength Index (RSI) has slipped to 43, showing a weakening trend, while the hourly RSI has fallen to 30, indicating oversold conditions and persistent intraday selling pressure. The daily MACD remains in positive territory at 38, suggesting that the medium-term trend hasn't entirely flipped bearish, but the hourly MACD has plunged to –65, confirming strong short-term downside momentum. Options data also presents a clearly bearish setup. Total Call open interest stands at 13.61 crore compared to 8.15 crore on the Put side, leading to a net difference of –5.47 crore, indicating aggressive call writing. The highest Call open interest is at the 25,200 strike, with maximum additions at 25,100, reinforcing a strong resistance zone overhead. On the Put side, while the highest OI is at the 24,900 strike, the maximum additions were at 23,050, suggesting that traders are anticipating even lower levels. Intraday changes also support this bearish stance, with Call OI rising by 6.36 crore and Put OI increasing by just 3.08 crore, resulting in a net change of –3.28 crore. Additionally, India VIX rose by 1.33% to 11.39, indicating a slight rise in market volatility and nervousness among participants. In summary, as anticipated in earlier reports, Nifty has now closed below the 25,000 mark, which has triggered a fresh wave of weakness. The index is expected to test the next support around 24,700 on the hourly chart, where a brief pause or consolidation might occur. However, a failure to hold that level could open the doors for further decline towards 24,500. Unless the index reclaims at least 25,318 and then 25,700 levels convincingly, the broader market trend remains fragile and tilted to the downside. Traders are advised to stay cautious and avoid aggressive long positions until signs of a reversal emerge Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Top three stocks to buy today—recommended by Ankush Bajaj for 18 July
Top three stocks to buy today—recommended by Ankush Bajaj for 18 July

Mint

time4 days ago

  • Business
  • Mint

Top three stocks to buy today—recommended by Ankush Bajaj for 18 July

Indian stock market benchmarks—the Sensex and the Nifty 50—closed lower on Thursday, 17 July, amid profit booking in select heavyweights including Infosys, HDFC Bank, and Reliance Industries. The Sensex declined 375 points, or 0.45%, to settle at 82,259.24, while the Nifty 50 fell 101 points, or 0.40%, ending the day at 25,111.45. However, mid- and small-cap stocks outperformed. The BSE Midcap index edged up 0.07%, and the BSE Smallcap index gained 0.30%. Top 3 stocks recommended by Ankush Bajaj for 18 July: Why it's recommended: After recent selling pressure, Tata Steel has shown a strong pullback and broken above the upper trendline of a falling wedge pattern—a bullish reversal signal. The breakout signifies trend reversal and momentum pick-up, aiming for a short-term move towards ₹170+. Key metrics: Breakout zone: Upper trendline breakout of falling wedge pattern, signalling trend reversal. Pattern: Falling wedge breakout with bullish follow-through. RSI: Recovering from oversold zone, confirming momentum shift. Technical analysis: The structure suggests that the bottom may be in place, with higher highs and higher lows starting to form. Momentum is favouring the bulls for a target zone of ₹170 and potentially higher. Risk factors: A move below ₹155 would invalidate the wedge breakout and may lead to renewed weakness. Use a strict stop-loss to manage risk. Buy at: ₹159.90 Target price: ₹170.00+ Stop loss: ₹155.00 Why it's recommended: Prestige Estates Projects Ltd is exhibiting a strong bullish setup backed by a rectangle pattern breakout on the 45-minute chart at ₹1,770. The Relative Strength Index (RSI) on the daily timeframe is at 70, indicating solid momentum yet still positioned for further upside. This multi-timeframe confluence of breakout signals suggests strength in trend continuation. Key metrics: Breakout zone: Rectangle breakout on 45-minute timeframe at ₹1,770 with high volume support. Pattern: Rectangular range breakout confirming bullish continuation. RSI: Bullish, currently at 70 on daily timeframe, suggesting strong trend with momentum. Technical analysis: The stock's structure shows sustained bullishness, with the breakout level likely to serve as a strong support. If broader sentiment remains positive, the price is expected to test ₹1,815– ₹1,830 in the short term. Risk factors: A close below ₹1,757 would negate the breakout signal and could lead to a short-term correction. Traders should trail with a tight stop-loss. Buy at: ₹1,783.00 Target price: ₹1,815– ₹1,830 Stop loss: ₹1,757.00 Why it's recommended: On the daily chart, Jindal Steel & Power has broken out of a triangle pattern, hinting at a bullish continuation with a medium-term target of ₹1,100+. Additionally, the 15-minute timeframe shows a rectangle breakout near ₹950, aligning short- and medium-term momentum toward ₹980+. Key metrics: Breakout zone: Triangle breakout on daily; rectangle breakout near ₹950 on intraday chart. Pattern: Multi-timeframe confluence of bullish breakout structures. RSI: Holding strong, supporting trend continuation. Technical analysis: With clear breakout levels and alignment across timeframes, the setup points toward a steady climb toward ₹970– ₹980, with further upside if momentum persists. Risk factors: A fall below ₹939 would negate the breakout structure, and short-term weakness could set in. Maintain a disciplined stop-loss. Buy at: ₹950.45 Target price: ₹970– ₹980 Stop loss: ₹939.00 Stock market wrap - 17 July Indian equity markets ended in the red on Thursday, 17 July, as sustained selling pressure across key sectors weighed on sentiment. Despite brief recovery attempts—particularly in select defensives—broader momentum remained weak, dragging major indices lower. The Nifty 50 declined 100.60 points, or 0.40%, to close at 25,111.45, while the BSE Sensex fell 375.24 points, or 0.45%, to 82,259.24. The Bank Nifty also ended lower, down 340.15 points or 0.59%, at 56,828.80, as late buying failed to fully reverse earlier losses in financial stocks. The sectoral picture was mixed, but the tone remained largely cautious. PSU Banks fell 0.79%, Services declined 0.67%, and the broader Banking index slipped 0.59%, reflecting profit booking and risk-off sentiment in high-beta pockets. On the flip side, a few sectors offered support. Realty outperformed with a gain of 1.24%, while Metals and Pharma rose 0.67% and 0.38%, respectively, helping limit the downside. In stock-specific action, Tata Consumer led the gainers with a 2.25% rise. Tata Steel and Hindalco climbed 1.63% and 1.17%, respectively, supported by continued institutional flows and positive cues in the metals space. Meanwhile, the broader undertone remained bearish. Tech Mahindra shed 2.75%, IndusInd Bank lost 1.67%, and SBI Life Insurance fell 1.44%, reflecting caution in recent outperformers. The Nifty 50 ended Thursday's session on a weak footing, closing at 25,111.45, down 100.60 points or 0.40%. The index slipped below the key psychological level of 25,200, indicating a deterioration in short-term sentiment. Technically, the Nifty is now trading below its 20-day simple moving average (SMA) at 25,325, while hovering just above the 40-day exponential moving average (EMA) at 25,042. This setup suggests the upside is likely capped unless the index decisively reclaims the 20-DMA. Until that happens, the broader trend remains fragile and skewed to the downside. On the hourly chart, the index has slipped below both its 20-hour SMA at 25,210 and 40-hour EMA at 25,182, confirming short-term weakness. More importantly, Nifty has broken below the lower boundary of a rising wedge pattern, which is a bearish development. This breakdown projects a near-term downside target of around 24,950, especially if the index fails to hold above the immediate support at 25,000. Momentum indicators reflect growing weakness. The daily RSI has dropped to 47.5, moving into neutral-bearish territory, while the hourly RSI has declined further to 38, indicating strong intraday selling pressure. The daily MACD remains positive at 66, suggesting that the medium-term structure hasn't turned fully negative yet, but the hourly MACD at –21 confirms a clear short-term loss of momentum. Options data also paints a bearish picture. Total Call open interest stands at 7.28 crore compared to Put open interest at 5.08 crore, with a net difference of –2.21 crore, indicating a dominant call writing bias. The highest Call OI and maximum additions are at the 26,000 strike, implying strong resistance overhead. On the Put side, the highest additions were at the 24,900 strike, highlighting that support is now shifting lower. The intraday change in OI also shows a net bearish bias, with Call OI rising by 3.32 crore and Put OI by only 1.81 crore, resulting in a negative OI change difference of –1.51 crore. This reinforces the view that traders are preparing for further downside. In summary, the Nifty's short-term trend has weakened following a breakdown below critical support levels and key moving averages. Unless the index manages to reclaim 25,325 and eventually close above 25,700, the market structure remains vulnerable. A decisive break below 25,000 could accelerate the selling pressure toward 24,950 or even 24,800. Traders should stay cautious, avoid aggressive long positions, and monitor price action closely around the 25,000 mark, which has now become the immediate make-or-break level for the index.

Recommended stocks to buy today, 17 July, by India's leading market experts
Recommended stocks to buy today, 17 July, by India's leading market experts

Mint

time5 days ago

  • Business
  • Mint

Recommended stocks to buy today, 17 July, by India's leading market experts

On Wednesday, the Indian stock market closed on as lightly positive note. Benchmark indices managed to inch into the green after a day marked by choppy movements and selective sectoral strength. The Nifty 50 ended the day at25,212.05, rising slightly by16.25 points or 0.06%, while the BSE Sensex added 63.57 points or 0.08% to settle at 82,634.48. On to the top stock picks for16 July, as recommended by some of India's leading market experts. Top 3 Stocks Recommended by Ankush Bajaj for 17 July: Buy: PG Electroplast Ltd (PGEL) — Current Price: ₹828.00 Buy: Uno Minda Ltd — Current Price: ₹1,119.50 Two stock recommendations by MarketSmith India for 17 July: Why it's recommended: Capacity expansion and strategic acquisition, focus on premium products, cost efficiency and fuel optimization, and strong distribution network Key metrics: P/E: 597.39.40, 52-week high: ₹385.65, volume: ₹42.90 crore Technical analysis: Cup-with-handle pattern breakout on above average volume Risk factors: Raw material and fuel price volatility, execution risk in integration, dependence on government spending Buy at: ₹376.45 Target price: ₹435 in two to three months Stop loss: ₹350 Why it's recommended: Strong Parentage and Brand Trust, focus on affordable housing, wide network and agent base Key metrics: P/E: 6.26, 52-week high: ₹ 821, volume: ₹312.78 crore Technical analysis: Downward sloping trendline breakout Risk factors: Pressure on Margins, Relatively Slower Growth vs. Peers Buy at: ₹637 Target price: ₹720 in two to three months Stop loss: ₹595 Three stocks to trade today, recommended by NeoTrader's Raja Venkatraman Buy above ₹522 and dips to ₹485, stop ₹475, target ₹574-595 Buy above ₹1,651 and dips to ₹1,620, stop ₹1,599 target ₹1,775-1,800 EMUDHRA: Buy above ₹822 and dips to ₹795, stop ₹785, target ₹865-885 Stop loss: ₹785 Stocks to trade today, recommended by Trade Brains Portal for 17 July: Indian Railway Finance Corp. Ltd Current price: ₹135 Target price: ₹175 in 16-24 months Stop loss: ₹110 Why it's recommended: The ministry of railways has administrative authority for IRFC, a navratna public sector enterprise that was founded in 1986. Its primary responsibility is to raise money from the financial markets in order to finance the development or purchase of assets, which are then leased to Indian Railways. A number of other organizations in the industry, such as Rail Vikas Nigam Ltd (RVNL), RailTel, Konkan Railway Corp. Ltd (KRCL), and Pipavav Railway Corp. Ltd (PRCL), have received financial support from IRFC in addition to the railways. The company's assets under management (AUM) were valued at ₹4.6 trillion as of 31 March 2025. IRFC's net interest income increased by 2.2% from ₹6,429 crore in 2023-24 to ₹6,569 crore in 2024-25. Additionally, its net interest margin improved somewhat, going from 1.38% to 1.42% over the prior year. IRFC approved ₹5,700 crore in loans for the fiscal year, including ₹700 crore for NTPC and ₹5,000 crore for NTPC Renewable Energy Ltd. Additionally, the company became the first bidder for ₹3,167 crore in funding for the construction of the Banhardih Coal Block in Jharkhand's Latehar district, and it signed a rupee term loan arrangement for ₹5,000 crore with NTPC REL. The department of public enterprises granted the firm navratna status in 2024-25, and it hopes to soon obtain maharatna status. Additionally, under Indian Railways' General Purpose Waggon Investment Scheme (GPWIS), the IRFC board authorized funding to NTPC for 20 BOBR rakes on a finance lease basis up to ₹700 crore. In January 2025, a leasing agreement was also struck with NTPC Ltd for eight BOBR rakes, which were valued at over ₹250 crore. Additionally, IRFC and REMCL have signed a memorandum of understanding to jointly investigate financing alternatives for Indian Railways' renewable energy projects, including possible financing in the nuclear, thermal, and renewable energy domains. Risk factor: The ministry of railways and its affiliates account for the entirety of IRFC's loan book. As of 31 March 2025, 37% consisted of advances for leased railway assets, 62% consisted of lease receivables from the ministry, and 1% consisted of loans to organizations such as NTPC and RVNL. The company is susceptible to changes in finance or policy because its expansion is directly linked to the ministry's investment plans for Indian Railways. Furthermore, IRFC is vulnerable to interest rate swings and shifts in investor sentiment due to its reliance on market borrowings. Sona Blw Precision Forgings Ltd Current price: ₹456 Target price: ₹550 in 16-24 months Stop loss: ₹405 Why it's recommended: One of the top mobility technology firms in the world, Sona BLW Precision Forgings Ltd (Sona Comstar) was founded in 1995. It designs, manufactures, and supplies systems and components for global mobility OEMs in both electrified and non-electrified powertrain segments. The company has three engineering competency centres, five R&D centres, and twelve manufacturing units. India, the US, China, Serbia, and Mexico are among the five nations where it is present. North America accounts for 41% of the company's revenue, followed by India (29%), Europe (24%), Asia (6%), and the rest of the world (0.3%). Globally, Sona BLW holds an 8% market share in differential gears and a 5% market share in starter motors. In 2024-25, the company reported revenue from operations of ₹3,546 crore, an increase of 11.3% from ₹3,185 crore in the previous year. Ebitda stood at ₹975 crore with a 27.5% Ebitda margin. Profit after tax increased by 16% to ₹600 crore from ₹518 crore in the previous year. Segment-wise revenue share from BEV rose from 29% to 36% in 2024-25. In 2024-25, the firm increased its global market share for starter motors from 4.2% to 4.4% and differential gears from 8.1% in CY2023 to 8.8% in CY2024. The company's net order book increased to ₹24,200 crore after securing orders totalling ₹4,700 crore. For an enterprise value of ₹1,600 crore, the business signed a Business Transfer Agreement (BTA) with Escorts Kubota Ltd (Escorts) in 2024-25 to acquire its railway business. The deal was finalized on 1 June 2025. To collaborate on connected, autonomous, and electric technologies for AGVs, drones, and eVTOLs, the company has inked a memorandum of understanding (MOU) with the NMICPS Technology Innovation Hub on Autonomous Navigation Foundation at IIT Hyderabad (TIHAN-IITH) at CES 2025 in Las Vegas, USA. Through the production-linked incentive (PLI) scheme for the automobile and auto component industry in India, the company has obtained certification for another product, namely the hub wheel motor for electric two-wheelers. Risk factor: Changes in commodity prices could have a significant effect on the company's manufacturing costs. Even while there are mechanisms in place to monitor and manage market risks, it is not always possible to fully predict, hedge, or lessen the impact of price volatility on the overall profitability of the business through cost pass-throughs or operational enhancements. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

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