Stock Market Outlook – Week of July 7, 2025
Ganesh Dongre, Senior Technical Analyst at Anand Rathi, has recommended three promising stocks to buy on Monday, July 7, 2025 — Axis Bank, Home First Finance Company India, and Tata Chemicals.
Nifty Outlook: Market Stays in Consolidation Zone
- Nifty closed at 25,461 within the consolidation range of 25,200–25,600.
- Support zone: 24,800 – 25,000 (also 61.8% Fibonacci retracement).
- Breakout level: 25,600 – a move above this could lead to 26,000.
- Risk zone: Fall below 24,500 may signal a pause or correction.
Bank Nifty: Strong Weekly Close
- Bank Nifty closed at 57,031.
- Resistance: 58,000; breakout target 59,000.
- Support: 56,000.
- PSU banks like SBI, PNB, Canara Bank seeing strong interest.
- Private banks including Axis Bank, HDFC Bank, ICICI Bank also positive.
Market Strategy & Technical Summary
- Nifty support: 24,800 – 25,000
- Nifty resistance: 25,600 – 26,000
- Bank Nifty support: 56,000 – 56,500
- Bank Nifty resistance: 58,000 – 59,000
- Trend: Buy-on-dips strategy remains intact.
Top 3 Stocks to Buy on 7 July 2025
- Axis Bank (AXISBANK): Buy at ₹1,170–1,175 | Target: ₹1,220 | Stop Loss: ₹1,140
- Home First Finance (HOMEFIRST): Buy at ₹1,350–1,355 | Target: ₹1,420 | Stop Loss: ₹1,315
- Tata Chemicals (TATACHEM): Buy at ₹940–950 | Target: ₹1,020 | Stop Loss: ₹920
These picks are based on strong technical setups, positive volume action, and market positioning in key sectors like banking and chemicals.