Nifty, Bank Nifty Face Resistance: 5 Key Stocks to Buy or Sell on July 3, 2025
Traders should watch Nifty closing below 24,200 with resistance near 24,250 and Bank Nifty facing resistance at 52,400–52,500. Analysts recommend five stock trades – SBI Life, Indigo, DMart, Bombay Dyeing, Craftsman
image for illustrative purpose
Indian equity markets paused Friday after Nifty 50 climbed to an intraday record of ~24,236 before easing, ending around 24,124. Sensex also touched a high near 79,856 before dipping to ~79,441.
Nifty 50: Profit-taking near 24,200 suggests selling on rallies until it breaches 24,250. Immediate support lies in the 24,000–23,850 range, with potential correction to 23,700 if 24,000 fails.
Bank Nifty: Facing resistance near 52,400–52,500, the index may slide unless it holds above the 52,000–51,800 zone. A breakdown below could trigger further selling toward 51,400–51,300.
Stock Picks by Experts:
Analysts from Choice Broking (Sumeet Bagadia) and Anand Rathi (Ganesh Dongre) identified five actionable stocks:
SBI Life (Buy @ ₹1,495 – Target ₹1,550 | SL ₹1,460):
Bullish reversal pattern; support at ₹1,460.
Indigo (Buy @ ₹4,249 – Target ₹4,380 | SL ₹4,180):
Reversal near support; resistance looming at ₹4,380.
DMart (Buy @ ₹4,770 – Target ₹4,950 | SL ₹4,650):
Technical reversal in play; ₹4,650 is critical support.
Bombay Dyeing (Buy @ ₹216.50 – Target ₹228 | SL ₹209):
Broke resistance at ₹207, RSI at ~75, trading above EMAs
Craftsman Automation (Buy @ ₹5,695 – Target ₹5,999 | SL ₹5,499):
Breakout at all‑time highs; RSI ~84 with strong EMAs
Disclaimer: Investors should verify with certified advisors before trading.
