Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 1st Jul 2025

Market Outlook 1st Jul 2025

Nifty index opened flattish but failed to hold its opening high and dripped lower throughout the day. Bears dominated the early trade with little strength of bulls but they were stepping in at lower levels. Some consolidation was seen during mid-day with slight recovery towards the end and it finally closed above 25500 with losses of around 120 points. It formed a bearish candle similar to Bearish Engulfing pattern on daily frame and gave up its gains of the previous session. Now if it manages to hold above 25500, up move could be seen towards 25650 and 25750 zones while supports can be seen at 25400 then 25250 zones.

On option front, Maximum Call OI is at 25600 then 26000 strike while Maximum Put OI is at 25500 then 25000 strike. Call writing is seen at 25600 then 25800 strike while Put writing is seen at 25200 then 24900 strike. Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25300 to 25700 levels.

 S&P BSE Sensex index opened on a flat note and encountered profit booking during the first half of the session. Although the index attempted a recovery later in the day, it faced stiff resistance near 84000 marks, resulting in a sharp pullback. On the daily chart, it formed a bearish candle with lower shadow, indicating selling pressure from higher levels with support based buying. It ended the session with losses of around 450 points. Now if it manages to hold above 83500 zones, it can move towards 84000 then 84300 zones while supports can be seen at 83500 then 83200 zones.

Bank Nifty index opened at life high territory to hit 57614 marks in the initial tick of the session. However it failed to hold at higher zones and gradually drifted lower towards 57200 zones in the latter part of the day. It formed a small bearish candle on daily scale as some profit booking was seen from higher zones but is forming higher lows from the last seven sessions as buying interest is visible at lower levels. Now it has to hold above 57250 zones for an up move towards 57615 then new life high territory towards 58000 levels while on the downside support is seen at 57000 then 56750 zones.

Nifty future closed negative with losses of 0.53% at 25615 levels. Positive setup seen in Kaynes, RBL Bank, PNB, LTF, Laurus lab, Bandhan Bank, AB Capital, Glenmark, CDSL, Trent, Divis Lab, Mphasis and Hindustan Copper while weakness in Tata Consumers, Lodha, Maruti, United Spirit, VBL, Syngene, Sonacoms, Mankind pharma, Patanjali and Granules.

SWSOLAR - TECHNICAL CALL OF THE DAY

The stock is at an uptrend from the lows made in April 2025 forming a similar kind of pattern moving 5-6 sessions in the green then pauses and again moves in the green. It is comfortably trading above its key 40-EMA levels of Rs 301.97 which shows strength in the price in the short term. It has also taken support near its 100-EMA levels of Rs 317.39 and has closed above it. The RSI is increasing supported by a Positive super trend indicator indicating bullish implications.

BUY SWSOLAR CMP 319.90 SL 305.85 TGT 345.50

Top stocks to watch out for 1st Jul

HCL Tech:

• HCL Tech announced a multi-year strategic collaboration with OpenAI, a leading AI research and deployment company, to drive large-scale enterprise AI transformation as one of the first strategic services partners to OpenAI. This collaboration will enable HCL Tech’s clients to leverage OpenAI’s industry-leading AI products portfolio alongside HCL Tech’s foundational and applied AI offerings for rapid and scaled GenAI deployment.

Kalpataru Projects:

• Kalpataru Projects, one of the leading EPC players in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries have secured new orders / notification of awards of approx. Rs 989 crore. With these new orders, the order intake till date in FY26 has reached ~ Rs 7,150 crore, giving a good visibility for growth going forward. 

Astec Lifesciences:

• Astec Lifesciences approves Rights Issue of 28 Lakh shares worth Rs 249.35 crore and has set issue price at Rs 890 per share, a discount to Monday's closing price of Rs 925.55 per share. The Right Issue will open on July 14 and will close on July 28. The Rights Shares are being offered to Eligible Shareholders in the ratio of 1 Rights Equity Share for every 7 fully paid-up Equity Shares held on the Record Date i.e., 4 th July, 2025. 

Sona Comstar:

• According to media sources, Sona Comstar is considering manufacturing of rare earth magnets in the country. Sona Comstar is India's largest maker of traction motors which are used in Electric Vehicles. Rare earth magnets are also used in speedometers, sensors, steering systems and other ICE Components. 

• The company is waiting for the Government to roll out an incentive scheme for manufacturing of rare earth magnets and will then apply for the scheme to make magnets locally. 

NCC Ltd:

• NCC has received orders valuing Rs 1,690.51 crore ex of GST in the month of June 2025. The orders are related to the Building Division. These orders are received from State Government Agencies and Private Limited Company and do not include any internal orders.