Unpacking Today's Market: What's Driving Nifty 50 and Top Stock Picks

The Indian stock market kicked off the week with a sense of caution, as the benchmark Nifty 50 index closed flat at 25,461.30. The Bank Nifty also saw a slight dip of 0.15%, ending at 56,949.20. While sectors like IT and Metals faced headwinds, FMCG and Oil & Gas emerged as key gainers. Broader markets mirrored this subdued sentiment, with mid and small-caps shedding 0.27% and 0.44% respectively.

Decoding the Trade Setup for Tuesday

For the Nifty, experts are eyeing a crucial support level at 25,400. "A fall below this level might trigger short-term selling pressure," cautioned Rupak De, Senior Technical Analyst at LKP Securities. Should the Nifty breach 25,400, further support is anticipated at 25,250 and 25,100. On the flip side, resistance is pegged at 25,500. A decisive move past this mark could propel the Nifty towards 25,800.

Meanwhile, Bajaj Broking points to a key support zone for the Bank Nifty between 56,000 and 55,500.

Global Cues and Market Outlook

Indian equities remained largely muted as investors digested comments from the US Treasury Secretary regarding impending tariffs, set to be enforced from August 1, 2025, on countries yet to finalize trade agreements with the US administration.

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd., noted that while the market might remain range-bound in the near term due to global trade developments, improving earnings visibility and robust sectoral performance could pave the way for selective outperformance as the Q1 earnings season unfolds.

Top Stock Picks for Tuesday's Trading

For traders looking for actionable insights, market experts — Sumeet Bagadia (Executive Director at Choice Broking), Ganesh Dongre (Senior Manager of Technical Research at Anand Rathi), and Shiju Koothupalakkal (Senior Manager of Technical Research at Prabhudas Lilladher) — have shared their top eight intraday stock recommendations for today.

Sumeet Bagadia's Picks: Riding the Momentum

1. Kingfa Science & Technology (India) Ltd. (KINGFA)

Bagadia recommends buying KINGFA around ₹3637.2, setting a stop loss at ₹3515 and targeting ₹3888. KINGFA saw a significant upward movement, breaking out of a short-term consolidation range with strong daily closing. Its technical structure indicates a continuation of its uptrend after a healthy correction in April-May.

2. Akzo Nobel India Ltd. (AKZOINDIA)

Buy AKZOINDIA around ₹3609 with a stop loss at ₹3480 and a target of ₹3850. The stock experienced a powerful bullish breakout with increased volume, signaling strong buying interest and a shift in sentiment. It has also confirmed a breakout from a recent consolidation, forming a strong bullish pattern.

Ganesh Dongre's Picks: Tapping into Bullish Trends

3. Tata Steel Ltd.

Dongre suggests buying Tata Steel around ₹162, with a stop loss at ₹158 and a target of ₹170. The stock has demonstrated a strong, consistent bullish pattern, presenting a promising opportunity for short-term traders with solid support at ₹158.

4. Exide Industries Ltd. (EXIDEIND)

Buy Exide Industries around ₹386, with a stop loss at ₹380 and a target of ₹395. Similar to Tata Steel, Exide Industries shows a sustained bullish pattern, offering a good short-term trading opportunity with strong support at ₹380.

5. Life Insurance Corporation of India (LIC)

Dongre recommends buying LIC around ₹945, with a stop loss at ₹932 and a target of ₹965. LIC exhibits a strong and consistent bullish trend in the short term, holding above a key support level at ₹942, indicating potential for extended upward movement.

Shiju Koothupalakkal's Intraday Opportunities

6. Varun Beverages Ltd.

Koothupalakkal advises buying Varun Beverages around ₹464 for a target of ₹484, keeping a stop loss at ₹454. The stock formed a bullish candle with good volume, finding support near ₹448, and the RSI indicates a positive trend reversal, suggesting upside potential.

7. Tribhovandas Bhimji Zaveri Ltd. (TBZ)

Buy TBZ around ₹198.65 for a target of ₹210, with a stop loss at ₹195. TBZ has shown gradual improvement, moving past the 50EMA at ₹192, and the RSI is rising, indicating strength and potential for further gains.

8. Motherson Sumi Wiring India Ltd.

Koothupalakkal recommends buying Motherson Sumi Wiring around ₹62.05 for a target of ₹65, keeping a stop loss at ₹60.50. The stock maintains a strong uptrend, forming a bullish candle after taking support near the 200-period MA and 50 EMA at ₹58.70. The RSI also signals a positive trend reversal.