Indian Stocks Are Struggling:
The Indian stock market saw mixed results on 10 July 2025, with caution prevailing ahead of the upcoming quarterly results, including that of TCS. The Nifty 50 closed 0.47% lower at 25,355.25, reflecting investor uncertainty in anticipation of the Q1 results and concerns over potential tariff issues. Despite losses in key sectors like IT, FMCG, and Pharma, stocks in Metals and Realty showed resilience, marking a slight positive trend.
Experts predict that the short-term trend for Nifty 50 will likely remain weak. With support levels placed at 25,250 to 25,200, Nifty may face further downside movement in the coming sessions. On the higher end, resistance is expected at 25,400 to 25,500. These levels will be crucial for traders to monitor in order to make informed decisions.
The weakness in Indian equities was mirrored by global markets, with investor sentiment remaining cautious ahead of the earnings season. The IT sector, in particular, was under pressure, with TCS’s Q1 results looming large. However, Vinod Nair, Head of Research at Geojit Investments, notes that the recent consolidation in IT stocks has already accounted for the subdued outlook, offering some reassurance for investors.
Despite the bearish trend in Indian equities, there is a silver lining in the mid- and small-cap sectors. These segments had limited losses and are showing signs of resilience, reflecting optimism for a better earnings outlook compared to larger-cap stocks.
As the market consolidates, experts suggest a few stocks that could offer opportunities for short-term traders. Here are eight intraday stock recommendations:
1. FSN E-Commerce Ventures Ltd (NYKAA)
Buy at ₹217.14, Target ₹235, Stop Loss ₹209
NYKAA shows strong bullish momentum and a recent breakout above key resistance levels, signaling further upside potential.
2. Glenmark Pharmaceuticals Ltd
Buy at ₹1904, Target ₹2040, Stop Loss ₹1837
Glenmark’s strong upward momentum, supported by rising volumes, positions it as a good buy.
3. SBI Life Insurance Company Ltd
Buy at ₹1810, Target ₹1875, Stop Loss ₹1775
The stock shows a strong bullish pattern, indicating potential for a further upside.
4. NHPC Ltd
Buy at ₹87, Target ₹92, Stop Loss ₹83
NHPC has strong technical support and bullish momentum, making it a solid short-term investment.
5. ICICI Prudential Life Insurance Ltd
Buy at ₹673, Target ₹695, Stop Loss ₹652
ICICI Prudential is trending upwards with solid support levels, offering a favorable risk-to-reward ratio.
6. BF Utilities Ltd
Buy at ₹851.95, Target ₹890, Stop Loss ₹835
After a consolidation phase, BF Utilities shows bullish price action, signaling further potential gains.
7. Hubtown Ltd
Buy at ₹299.35, Target ₹314, Stop Loss ₹293
Hubtown is experiencing strong upward momentum, supported by positive technical indicators.
8. Paramount Communications Ltd
Buy at ₹60.87, Target ₹65, Stop Loss ₹59
Paramount Communications is showing strength after breaking past key resistance levels, making it a favorable buy.
The stock market on 11 July 2025 is expected to remain cautious as investors await key quarterly results. The Nifty 50 is likely to face some volatility in the near term, with support and resistance levels guiding the direction. Traders can focus on the recommended stocks for potential intraday gains, while keeping an eye on global market trends and earnings reports.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Big Tv. Always consult certified financial experts before making any investment decisions.
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