Nifty 50 Faces Short-Term Pressure: Top Stocks to Buy or Sell Today

Top Stocks to Buy or Sell Today:

The stock market kicked off the week with caution as the Nifty-50 index ended flat at 25,461.30, and the Bank Nifty saw a minor dip of 0.15%, closing at 56,949.20. IT and Metals sectors faced significant losses, while FMCG and Oil & Gas indices posted gains. The broader market saw mid and small-cap stocks also experiencing losses of 0.27% to 0.44%.

Top Stocks to Buy or Sell Today:

The immediate support for the Nifty index lies at 25,400.If the Nifty falls below this level, it may face short-term selling pressure. Additional support levels lie at 25,250 and 25,100. On the upside, the index faces resistance at 25,500, and a move beyond this level could drive it toward 25,800.

Key Levels for Bank Nifty

For the Bank Nifty, experts identify support levels between 56,000 and 55,500.Investors are keeping an eye on these levels as they could indicate potential movements.

Global Market Impact

Indian stocks ended the day in a range-bound manner, with global market developments impacting sentiment. US Treasury Secretary’s comments about enforcing tariffs starting August 1 for countries yet to finalize trade deals with the US kept investors cautious.

Stocks to Watch:

Buy or Sell Recommendations

Here are eight stocks recommended by market experts for intraday trading:

1. Kingfa Science & Technology – Buy at ₹3637.2, target ₹3888, stop loss ₹3515.

2. Akzo Nobel India – Buy at ₹3609, target ₹3850, stop loss ₹3480.

3. Tata Steel – Buy at ₹162, target ₹170, stop loss ₹158.

4. Exide Industries – Buy at ₹386, target ₹395, stop loss ₹380.

5. Life Insurance Corporation (LIC) – Buy at ₹945, target ₹965, stop loss ₹932.

6. Varun Beverages – Buy at ₹464, target ₹484, stop loss ₹454.

7. Tribhovandas Bhimji Zaveri – Buy at ₹198.65, target ₹210, stop loss ₹195.

8. Motherson Sumi Wiring – Buy at ₹62.05, target ₹65, stop loss ₹60.50.

These stocks have shown strong technical signals, indicating potential short-term gains. However, experts recommend checking with certified professionals before making any investment decisions.

Disclaimer: The above views and stock recommendations are based on expert analysis and are not endorsed by Big TV. Always consult with a certified financial advisor before making any investment decisions.

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