Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 11th Jul 2025

Nifty index opened positive but faced selling pressure in the first hour itself and failed to sustain above 25500 levels. It slipped to 25340 zones and moved in a volatile manner. The second half of the session invited swings signaling that the broader uptrend remains intact but short-term weakness persists. It formed a bearish belt hold sort of candle on daily frame as the bulls underscored and Index closed with losses of around 120 points. Now if it holds below 25400 zones then weakness could be seen towards 25222 then 25150 zones else bounce could be seen towards 25450 then 25550 zones.

On option front, Maximum Call OI is at 25500 then 25600 strike while Maximum Put OI is at 25500 then 25400 strike. Call writing is seen at 25500 then 25400 strike while Put writing is seen at 25400 then 24500 strike. Option data suggests a broader trading range in between 24900 to 25900 zones while an immediate range between 25200 to 25600 levels.

 S&P BSE Sensex index commenced the session on a flat to mildly positive note but came under selling pressure right from the opening tick. Although the index attempted a recovery in the latter part of the day, it failed to surpass 83500 zones and resumed its downward trajectory, registering fresh intraday lows. Moreover, it was unable to sustain above the key support level of 83300. On the daily chart, a bearish candle was formed, reflecting persistent selling pressure at higher levels. The index also breached the previous session’s low and ultimately concluded the day with losses of around 350 points. Now till it holds below 83300 zones it may see further profit booking decline towards 83000 then 82700 while on the upside hurdles are seen at 83300 and 83600 levels.

Bank Nifty index opened on a positive note but failed to hold 57300 zones and gradually drifted lower towards 56886 marks in the latter part of the session. It formed a bearish candle on daily scale as some pause was seen at higher levels but is holding above its 10 DEMA. The rate sensitive index has got stuck in a narrow range of 600 points from the last few sessions as momentum is missing at either sides. Now it has to hold above 57000 zones for a bounce towards 57250 then 57500 levels while a hold below the same could see some weakness towards 56750 then 56500 zones.

Nifty future closed negative with losses of 0.57% at 25414 levels. Positive setup seen in Glenmark, Paytm, JSW Energy, PFC, IIFL, Concor, Maruti, HDFC AMC, CG Power, Amber, Bajaj Finance and Kalyan Jewellers while weakness in Solar Industries, PI Industries, OIL India, Bharat Forge, BSE, Aarti Industries, OFSS, Naukri, Granules, Alkem and Bajaj Auto.

RTNINDIA - TECHNICAL CALL OF THE DAY

RTNINDIA's chart setup looks quite strong. It has formed a Initial Balance (IB) on daily charts as seen in the charts attached and we have seen the stock bouncing from those levels earlier as well. Currently the same texture has been formed and this is supported by positive Supertrend indicator, positive RSI divergence as well good volume activity which indicated bullish implications. 

BUY RTNINDIA CMP 66.18 SL 60.92 TGT 73.29

Top stocks to watch out for 11th Jul

Action Construction:

• The Board has approved a proposal for making an investment by way of subscription to the equity shares of Hexa Energy HR1 Private Limited engaged in the development and operation of solar power projects. 

• Action Construction will be subscribing to 18,702 Equity Shares of face value Rs 10 each at an issue price of Rs 393/- per share (including a premium of Rs. 383/- per share), aggregating up to Rs 73.49 lakhs. This strategic investment requires at least 26% equity stake in Hexa Energy as a condition for participation in the solar power project under the Power Purchase Agreement (PPA).

Tourism Finance:

• The Board has approved Sub-division/split of the existing 1 equity share having face value of Rs 10, into 5 equity shares having face value of Rs 2 each. The rationale behind this corporate action is to enhance the liquidity of the equity share of the company, improve affordability and accessibility for retail investors and broader shareholder base, positive sentiment and increased retail participation. The expected time of completion is within 2 months from the date of approval of Shareholders. 

Zee Entertainment:

• Around 60% of voting shareholders supported the issuance of fully convertible warrants to promoter group entities, and the Board appreciates this support while respecting dissenting views. The company remains committed to maximizing shareholder value, improving margins, and reducing digital segment losses. 

• With a strong focus on performance and prudent use of cash reserves, it aims to stay competitive and resilient amid market shifts. Guided by an experienced Board, ZEEL continues to invest in growth, technology, and innovation. 

Aegis Logistics:

• The Company and Aegis Vopak Terminals Ltd (AVTL), its associate company has executed Business Transfer Agreement (BTA), to transfer Liquified Petroleum Gas (LPG) Terminal having Cryogenic static storage capacity of 48,000 MT at Pipavav, to AVTL via slump sale on going concern basis on such terms and conditions as contained in the BTA at a consideration value of Rs 428 crore. 

• Group’s LPG terminalling services at Pipavav port are owned and managed by AVTL with the existing LPG terminal and additional capacity will help and leverage the growing service demand as well as operational synergy.

Tata Consultancy Services:

• TCS reported its Q1FY26 results with net profit and margins beating expectations, though revenue slightly missed estimates. EBIT remained flat sequentially, and deal wins stood at $9.4 billion, down from $12.2 billion in the previous quarter. Revenue in constant currency declined 3.3% QoQ, while headcount increased both sequentially and YoY. The Board declared a Rs 11 per share dividend, with a record date of 16th July.