Market Outlook: Technical Call Of The Day & Top 5 Stocks In Focus For 22nd Jul 2025

Nifty index opened positive near 25k marks but witnessed a wild swing low of 24882 and then recovered back above 25000 in the first hour itself. Genuine buying interest was seen throughout the session and the index approached 25100 in the concluding hour of the session. The index's ability to sustain above the 24900 for most part of the day was encouraging for bulls and it closed with gains of around 120 points. It formed a bullish candle on daily scale but is still forming lower highs - lower lows from the last three sessions. Now it has to decisively cross and hold above 25150 zones, for a bounce towards 25250 then 25350 zones while supports are placed at 24800 then 25650 zones.

On option front, Maximum Call OI is at 25100 then 25200 strike while Maximum Put OI is at 25000 then 24900 strike. Call writing is seen at 25100 then 25050 strike while Put writing is seen at 25000 then 25100 strike. Option data suggests a broader trading range in between 24600 to 25600 zones while an immediate range between 24900 to 25300 levels.

S&P BSE Sensex index opened on a flattish note and witnessed selling pressure in the initial half an hour but recovered from its support of 81500 zones. In the latter part of the session it moved higher above 82000 levels and managed to close above the same. It formed a bullish candle with lower shadow on daily frame indicating buying at support levels. It finally ended the session with gains of around 440 points. Now if it manages to hold above 82000 zones, it can move towards 82500 then 82700 zones while supports can be seen at 82000 then 81700 zones.

Bank Nifty index opened on a positive note but drifted lower towards 56250 zones in the initial tick of the session. However sharp recovery was seen from lower levels as the Index extended the momentum towards 57000 zones in the latter part of the session. It formed a strong bullish candle with long lower shadow on daily scale as buying interest is visible at lower levels. It relatively outperformed the broader market as good buying interest is seen across banking heavyweights. Now it has to hold above 56750 zones for a bounce towards 57250 then 57500 levels while on the downside support is seen at 56750 then 56500 zones.

Nifty future closed positive with gains of 0.43% at 25139 levels. Positive setup seen in UPL, National Aluminium, Jindal Stainless, Eternal, Ambuja Cement, Cummins India, Shree Cement, ICICI Bank, Dixon Tech, AB Capital and Ashok Leyland while weakness in AU Bank, Reliance, IEX, Union Bank, HCL Tech, TCS, Granules India, Cipla, ABFRL and Birla Soft.

GPPL - TECHNICAL CALL OF THE DAY

The stock is in a clear uptrend as it trades above all its key moving averages of 40/100 and 200 EMA levels on daily charts. In fact the stock has taken support around its 200 EMA levels and trades above those levels indicating strong support. Volumes have also spiked up support by positive RSI divergence and positive super trend indicating bullish implications. 

BUY GPPL CMP 164.38 SL 156.70 TGT 172.53

Top stocks to watch out for 22nd Jul

DCM Shriram:

• The company reported a 13% YoY growth in net profit to Rs 113 crore for Q1FY26, compared with Rs 100 crore in Q1FY25. The company had reported consolidated net profit of Rs 178.9 crore in Q4FY25. Revenue rose 12.4% to Rs 3,455 crore, up from Rs 3,037 crore YoY. For the March quarter, DCM Shriram's revenue came in at Rs 2,876.7 crore. FY26 guidance, focus on margin expansion, product innovation, import substitution and green energy transition, make it a multi-pronged growth story across chemicals, agri, infrastructure and building systems. 

Quality Power:

• Quality Power has secured a significant export order exceeding Rs 10 crore from a leading European customer for the supply of dry-type Shunt Reactors for a hyperscale data centre project in Finland. 

• This order marks a key milestone in Quality Power’s expanding role in supporting power infrastructure for mission-critical digital facilities. 

• Modern data centres, particularly in colder European geographies, are placing increasing emphasis on grid stability, reactive power control, and power factor correction. The dry-type air core Shunt Reactors being supplied under this contract are engineered to mitigate voltage rise and manage reactive power flows under light load conditions, thereby ensuring steady voltage levels at the point of interconnection with utility grids.

Cipla:

• The company has entered into definitive agreements to acquire 20% voting rights in iCaltech Innovations Private Limited. iCaltech headquartered in Bangalore, India, is engaged in the conceptualisation, development, manufacturing and marketing of regulatory approved medical diagnostic products (primarily in respiratory). 

• Through this collaboration, Cipla aims to strengthen its partnership with iCaltech for developing integrated healthcare solutions and leveraging synergies between pharmaceutical expertise and advanced medical device technologies.

Titan:

• Titan Holdings International FZCO., (“Titan Holdings”), a wholly owned subsidiary of Titan, has signed an Agreement for Sale and Purchase of Shares with Damas International Limited, UAE, a wholly owned subsidiary of Mannai Corporation QPSC, Qatar (“Mannai”) for the purchase of 67% shareholding in Damas LLC (UAE). Deal values Damas at enterprise value of $283 million and with this Titan to gain access to Damas' 146 stores in six GCC countries. After 31st December 2029, Mannai shall have the right to sell and Titan Holdings shall have the right to acquire the balance 33% shareholding in the holding company, subject to conditions.

  Afcons Infra:

• Afcons Infrastructure has been declared the Lowest Bidder (L1) for by M/s. HŽ INFRASTRUKTURA d.o.o. for rehabilitation & construction of a Railway line in the Republic of Croatia. The project includes work on the reconstruction of the existing and construction of a second track on the Dugo Selo - Novska railway line including overhead electrification and signalling & telecommunication works amounting to Rs 6,800 crore and is expected to be completed in 72 months.