Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 3rd Jul 2025

Market Outlook 3rd Jul 2025

Nifty index opened positive but failed to hold its morning high of 25608 and slipped lower throughout the day. It fell by 230 points during the day and broke below 25400 zones. Despite the minor attempts of recovery, Nifty struggled reflecting broader market profit booking after the recent gains. It formed a bearish candle on daily frame and closed with losses of around 90 points. Now it has to cross and hold above 25500 zones to witness a bounce towards 25650 and 25750 zones while supports are slightly shifting lower at 25250 then 25100 zones.

On option front, Maximum Call OI is at 25500 then 25600 strike while Maximum Put OI is at 25400 then 25000 strike. Call writing is seen at 25500 then 25600 strike while Put writing is seen at 25450 then 24400 strike. Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25200 to 25700 levels.

 S&P BSE Sensex index opened on a mildly positive note but came under selling pressure after encountering resistance near 84000 marks. As the session progressed, the index extended its decline but witnessed a recovery towards the end of the day from its support zone near 83100. On the daily chart, it formed a bearish candle with a noticeable lower shadow, indicating weakness at higher levels but also reflecting buying near key support zones. It eventually closed with losses of around 290 points. Now it has to cross and hold above 83600 zones, for an up move towards 83800 and 84100 else weakness can be seen towards 83100 then 82800 zones.

Bank Nifty index opened on a positive note but failed to sustain at higher levels as the index gradually declined throughout the day as the index tested 56850 zones. The index closed with losses of around 460 points at 57000. It formed a bearish engulfing candle on the daily scale with the 20 DEMA placed near 56500 zone. Now till it holds below 57250 zones further profit booking could be seen towards 56750 then 56500 levels while on the upside hurdle is seen at 57250 then 57500 zones.

Nifty future closed negative with losses of 0.40% at 25539 levels. Positive setup seen in Ambuja Cements, SAIL, Fortis, SRF, Ultratech Cement, Amber, Dalmia Bharat, Biocon, Nykaa, Delhivery, Glenmark, Trent and Titan while weakness in Phoenix Mills, PFC, RVNL, REC, Exide Industries, Tata Technologies, Coal India, Dr. Reddy and HFCL.

GENESYS - TECHNICAL CALL OF THE DAY

The stock has been trading sideways with pickup in volumes visible on daily charts. Though it is trading  below all its key moving averages, the RSI indicates oversold position and formation of positive divergence is visible indicating bullish implications. The stock has taken multiple support at current levels and has respected those levels in the past one year reflecting favourable risk-reward ratio.

BUY GENESYS CMP 629.00 SL 612.90 TGT 689.05

Top stocks to watch out for 3rd Jul

Max Financial Services:

• Axis Max Life Insurance Ltd (Axis Max Life), the material subsidiary of the company has received a communication from an anonymous sender, who claims to have unauthorized access to certain customer data. 

• As an immediate measure, Axis Max Life has initiated an information security assessment and data log analysis. A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary. 

DMart:

• The company has shared business updates for Q1FY26 wherein the standalone revenue from operations stood at Rs 15,932.12 crore, reflecting a growth of 16% on a YoY basis. The standalone revenue for Q1FY25 was at Rs 13,711.87 crore. The total number of shares for the quarter stood at 424 including one store at Sanpada, Navi Mumbai, Maharashtra currently closed because of renovation work.

Nestle:

• Nestle has announced that a new Maggi Noodles production line has been added at the Sanand Factory, Gujarat. The company currently has a capacity of 1,00,700 tons per annum with 77% capacity utilization. The proposed capacity addition is 20,300 tons per annum. For this the company will invest Rs 105 crore through internal accruals. This is part of Nestle's planned capex in greenfield and brownfield projects between 2020-2025, to increase overall capacities to meet the future demand. 

Hindustan Zinc:

• Hindustan Zinc reported its highest-ever Q1 mined metal production at 265 kt, up 1% YoY but lower QoQ due to seasonal mine prep. Refined metal output fell 5% YoY and 7% QoQ due to plant maintenance. Silver production declined 11% YoY and 16% QoQ, while subsidiary HZL Alloys posted record output of 5.1 kt. Wind power generation surged 24% YoY and 113% QoQ, aided by favorable wind conditions. 

Aurobindo Pharma:

• CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, has received approval from the European Commission to market Dazublys™, a biosimilar of trastuzumab. This follows a positive recommendation from the EMA in April 2025. Dazublys™ is CuraTeQ’s third EMA-approved biosimilar this year, and fourth overall in Europe, including one approved by the UK regulator in 2024.