Top Stocks to Buy Today: Expert Recommendations for July 4, 2025
The Times of India Business Desk presents the latest stock market insights and recommendations for investors looking to capitalize on current market trends as of July 4, 2025. Backed by analysis from Bajaj Broking Research, the update highlights the positive outlook for key Indian indices and identifies top stock picks promising potential gains over the next few months.
Market Overview: Nifty Shows Resilience Amid Challenges
The Nifty index has maintained strong upward momentum recently, reaching a nine-month high of 25,669 on Monday. Despite prevailing macroeconomic and geopolitical uncertainties, the index consolidated within a 300-point range, showing some profit-booking at elevated levels after the recent surge.
The index demonstrated robust support around the 25,400–25,350 zone this week. Analysts expect that if Nifty sustains closing levels above this support, a pullback to higher levels between 25,900 and 26,000 is likely in the near term. Conversely, failure to hold this range may result in a healthy retracement or sideways movement between 25,200 and 25,700. A notable positive development is the increase in the breadth of the market, specifically the percentage of Nifty 500 stocks trading above their 200-day exponential moving average (EMA). This metric, a key indicator of market strength, has climbed sharply to approximately 59% from under 10% in March 2025 — a level signaling extreme bearish conditions. Such broad-based recovery indicates that more stocks are participating in the rally, generally a strong sign for medium- to long-term investors.
Bank Nifty: Strong Momentum Despite Global Volatility
The Bank Nifty index has remained robust, maintaining a positive bias near its all-time high last month. Despite global tensions that often increase market volatility, the index has managed to continue its uptrend.
Bajaj Broking Research projects that Bank Nifty will likely extend its rally to the 58,500–59,000 range in the coming month, based on recent consolidation breakouts. While the index has appreciated 18% over the past four months, some short-term consolidation is anticipated at elevated levels. Investors are advised to view any dips toward key supports around 56,000–55,500 as buying opportunities.
Top Stock Recommendations for July 4, 2025
1. UPL Ltd.
- Buy Price Range: Rs 670–690
- Target Price: Rs 747
- Stop Loss: Rs 643
- Expected Return: Approximately 10% over 3 months
UPL has shown strong resilience, rebounding from its 100-day EMA support level. The stock is nearing a breakout above its May 2025 high of Rs 699, signaling a fresh entry point for traders. Technical indicators such as the weekly Relative Strength Index (RSI) support a bullish outlook. The target of Rs 747 corresponds to the 161.8% external retracement level of the recent decline, indicating further upward potential.
2. Chennai Petroleum Corporation
- Buy Price Range: Rs 700–720
- Target Price: Rs 787
- Stop Loss: Rs 663
- Expected Return: Approximately 11% over 3 months
Chennai Petroleum has recently broken out of a falling channel pattern on weekly charts, backed by strong trading volumes—an indication of renewed strength. The base of this consolidation aligns with the 500-day EMA, reinforcing support. The weekly stochastic oscillator has also generated a buy signal, suggesting positive momentum. The target price reflects the 61.8% retracement of its prior decline between October 2024 and March 2025. ### Analyst Disclaimer
It is important to note that stock market recommendations and opinions expressed by experts, including those from Bajaj Broking Research, represent their individual viewpoints. These do not necessarily reflect the official stance of The Times of India. Investors should conduct their own research or consult with financial advisors before making investment decisions.
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The TOI Business Desk is a dedicated team of journalists focused on providing timely and comprehensive business news. Their coverage spans Indian and global market trends, economic policies, corporate developments, and investment insights, catering to readers seeking an in-depth understanding of the business world.
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