Global Tariffs Impacting Market: 8 Stocks to Buy or Sell on July 10

Stocks to Buy or Sell on July 10:

The stock market continued its consolidation phase, with the Nifty-50 index finishing 0.18% lower at 25,476.10, and the Bank Nifty down 0.07%, closing at 57,213.55. Key sectors such as IT, Metals, and Realty saw losses, while FMCG and Auto sectors gained. In the broader market, small-cap stocks saw gains of over 0.5%, while mid-cap stocks ended slightly lower.

Stocks to Buy or Sell on July 10:

Experts suggest that the breakout zone for Nifty stands at 25,550. If the index surpasses this level, it could rally towards 25,650-25,725. Conversely, a drop below 25,400 could lead to increased selling pressure. For Bank Nifty, the crucial support lies between 56,000-55,500 levels.

Global Market Sentiment

Global investors are staying cautious due to ongoing concerns about US tariffs and the commencement of the Q1 earnings season. The Indian market is in a wait-and-watch mode, focusing on the India-US mini trade deal, which could dictate the near-term market movement.

Stocks to Watch for Thursday

Several stocks are showing potential for intraday gains. Experts have recommended the following for Thursday’s trading session:

1. Thejo Engineering Limited: Buy at ₹2186, Target ₹2333

A strong technical breakout signals an upward momentum.

2. AGI Infra Ltd: Buy at ₹1017, Target ₹1085

Recent price action indicates a bullish breakout, supported by high trading volumes.

3. National Aluminium Company Ltd: Buy at ₹186, Target ₹195

Exhibits a continued bullish pattern, with a strong support level at ₹180.

4. Axis Bank: Buy at ₹1165, Target ₹1195

The stock is showing a steady bullish trend, indicating potential upside.

5. Cholamandalam Investment and Finance: Buy at ₹1563, Target ₹1590

The stock is in a consistent uptrend, making it an attractive option.

6. TD Power Systems Ltd: Buy at ₹495.55, Target ₹530

A strong technical setup points to further upside potential.

7. Ideaforge Technology Ltd: Buy at ₹588, Target ₹625

Positive trend reversal and improved technical indicators.

8. Bharat Heavy Electricals Ltd: Buy at ₹262, Target ₹277

After a short correction, the stock is showing signs of a positive trend reversal.

Disclaimer: The above recommendations are based on technical analysis and market trends. Investors should consult certified experts before making any investment decisions.

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