Top Stocks to Buy Today: Expert Recommendations for July 4, 2025
As the markets continue to navigate a complex macroeconomic and geopolitical landscape, investors are looking for reliable guidance to make informed decisions. Bajaj Broking Research, a prominent name in market analysis, has released its stock recommendations for July 4, 2025, accompanied by a detailed outlook on major indices such as the Nifty and Bank Nifty.
Positive Outlook for Nifty and Bank Nifty
The Nifty index has demonstrated remarkable resilience over recent weeks, climbing to a nine-month high of 25,669 in trading on Monday. Despite navigating a challenging environment characterized by geopolitical tensions and economic uncertainties, the index has largely maintained upward momentum. Although some profit booking has appeared in a 300-point consolidation range, the Nifty has rebounded from immediate support levels around 25,350-25,400. Bajaj Broking Research anticipates that if the index holds above this support zone on a closing basis, it may resume its upward trajectory and test levels between 25,900 and 26,000 in the coming sessions. Conversely, failure to sustain these levels could result in a healthy retracement or consolidation, with the index potentially oscillating within a broader 25,200-25,700 range.
The breadth of the market, an important gauge of internal strength, has also improved significantly. The percentage of Nifty 500 stocks trading above their 200-day exponential moving average (EMA) surged from below 10% in March 2025—an area historically linked to oversold conditions—to approximately 59% currently. Such a breadth thrust often signals the transition from narrow market leadership to a wider rally and can precede sustained bull market phases. This development bodes well for medium- to long-term investors, suggesting the upward trend may have staying power.
Similarly, the Bank Nifty index has consolidated near its all-time highs with a positive bias. Despite escalating global tensions that typically increase volatility, the index remains robust and is expected to target new highs in the 58,500-59,000 range over the next month. Given an 18% rally over the past four months, some consolidation is normal, and dips are viewed as buying opportunities. Key support levels are identified near 56,000-55,500. Top Stock Picks for July 4, 2025
Based on technical analysis and market dynamics, Bajaj Broking Research has highlighted two stocks with promising potential:
- UPL Ltd.
- Buy Range: Rs 670-690
- Target: Rs 747
- Stop Loss: Rs 643
- Expected Return: Approximately 10% over 3 months
UPL has demonstrated a strong recovery after establishing a base at its 100-day EMA, indicating underlying strength. It is on the verge of breaking above its May 2025 high of Rs 699, providing a fresh entry point for investors. The weekly Relative Strength Index (RSI) has recently generated a buy signal, reinforcing the positive outlook. The target price corresponds to the 161.8% external retracement of its previous decline, signaling potential upside.
- Chennai Petroleum Corporation Ltd.
- Buy Range: Rs 700-720
- Target: Rs 787
- Stop Loss: Rs 663
- Expected Return: Approximately 11% over 3 months
Chennai Petroleum has recently broken out of a falling channel on the weekly chart, supported by strong volume—an encouraging technical sign. The base of its recent consolidation aligns with the 500-day EMA, which adds to the stock’s bullish bias. Its weekly stochastic indicator has also generated a buy signal. The target price reflects the 61.8% retracement level of a previous decline between October 2024 and March 2025, suggesting room for further gains.
Investor Advisory
As always, investors are reminded that stock market recommendations involve risks and may not suit all portfolios. The opinions expressed by Bajaj Broking Research and presented in this analysis are their own and do not represent the official views of The Times of India. Careful consideration and consultation with a financial advisor are advised before making investment decisions.
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By following these expert recommendations and staying attuned to market movements, investors can better position themselves to capitalize on opportunities presented by the evolving stock market in mid-2025.