India’s stock markets begin the week with a cautious outlook amid mixed Q1 earnings, global uncertainty, and critical resistance levels for the Nifty 50 and Bank Nifty. Experts recommend eight key stocks for intraday action.
The domestic equity market opens the week with a cautious bias, as major indices approach critical levels amid a mix of quarterly earnings reports and macroeconomic events. The Nifty 50, which ended the previous week at 24,837.00, is expected to find immediate support in the 24,600–24,550 range. A decisive close below 24,550 may open the door for further downside toward 24,200. On the higher side, resistance is placed between 25,100–25,150.
The Bank Nifty, which settled at 56,528.90, continues to outperform but faces a strong hurdle at the 57,300–57,400 range. A breakout above this resistance is critical for sustaining the upward momentum.
Sector Performance and Technical Landscape
The healthcare index was a key outperformer last week, while sectors such as realty, FMCG, and IT experienced notable losses. Broader indices, particularly the mid-cap and small-cap segments, saw sharper declines of 1.85% to 3.51%, reflecting weak risk sentiment and profit-booking ahead of earnings announcements.
This week’s market tone is likely to remain volatile due to the expiry of July derivatives contracts and the release of high-impact economic indicators, including industrial production and manufacturing PMI.
Q1 Earnings in Focus
Quarterly earnings from key companies such as IndusInd Bank, Asian Paints, NTPC, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, and ITC are expected to provide directional cues for sectoral movements.
Investors are also tracking international events such as the U.S. Federal Reserve’s interest rate decision, GDP figures, and developments in global trade policy, which may impact foreign institutional investor flows into Indian equities.
Also Read: Q4 FY25 Earnings Preview: Sector-Wise Outlook for the Week Ahead
Eight Intraday Stock Picks for Monday
Market analysts have identified the following stocks as high-potential trades based on technical indicators:
1. Torrent Pharmaceuticals Ltd.
Buy at ₹3,605 | Target ₹3,880 | Stop Loss ₹3,480
Torrent Pharma has broken out of a multi-month consolidation zone and is now trading at record highs, supported by strong bullish candles and volume.
2. Syrma SGS Technology Ltd.
Buy at ₹728.15 | Target ₹785 | Stop Loss ₹700
The stock has given a breakout above its previous resistance, supported by high volumes and a sharply rising 20 EMA, indicating strong upside momentum.
3. National Aluminium Company Ltd.
Buy at ₹194 | Target ₹205 | Stop Loss ₹185
National Aluminium has found strong support near ₹185 and is showing a reversal pattern. Technical indicators support further gains.
4. DLF Ltd.
Buy at ₹826 | Target ₹865 | Stop Loss ₹810
DLF continues to show strength with consistent bullish trends and support at ₹810, suggesting room for a near-term price rally.
5. Marico Ltd.
Buy at ₹695 | Target ₹735 | Stop Loss ₹685
The stock remains resilient near its support level and has a favorable risk-reward ratio as it eyes resistance near ₹720–735.
6. Shyam Metalics and Energy Ltd.
Buy at ₹969 | Target ₹1,030 | Stop Loss ₹950
Shyam Metalics has decisively broken above the ₹952 resistance level. Rising volume and RSI support the potential for further gains.
7. Laxmi Organic Industries Ltd.
Buy at ₹205.70 | Target ₹217 | Stop Loss ₹200
Laxmi Organic has staged a breakout from a triangular pattern, with improving RSI indicating a positive trend shift.
8. Tourism Finance Corporation of India Ltd.
Buy at ₹291.50 | Target ₹310 | Stop Loss ₹285
The stock has regained momentum after a brief correction and is trading above key support with bullish confirmation from price action.
Expert View
As India’s markets face technical barriers amid earnings season and global economic data, a disciplined trading approach with defined entry and exit levels is crucial. The combination of domestic Q1 results and international central bank policy decisions will likely dictate near-term market direction.
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