Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 4th Jul 2025

Nifty index opened positive but exhibited significant intraday volatility and a constant tug of war between profit booking and attempts at recovery. It witnessed whipsaws and faced selling pressure leading to a sharp decline towards the end near its previous day’s lower levels. It formed a bearish candle on daily frame and closed near its lower band at 25400 zones. Now till it holds below 25500 zones it may see further profit booking decline towards 25300 then 25222 while on the upside hurdles are seen at 25600 and 25750 levels.

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

 S&P BSE Sensex index opened on a mildly positive note but faced immediate selling pressure right from the opening tick. The index found initial support near the 83300 zone and rebounded higher. However, as the session progressed, it faced rejection near 83800 levels and declined further, breaching its morning low to test 83200 zones. It formed a bearish candle with an upper shadow on daily frame indicating persistent selling pressure at higher levels but the index managed to hold its previous session’s low. It ultimately ended with losses of around 170 points, reflecting support based buying with a capped upside. Now till it holds below 83500 zones, it may see some weakness towards 83000 and 82800 levels while hurdle exists at 83500 and 83800 levels.

Bank Nifty index opened on a positive note and extended the momentum towards 57200 zones in the initial hour of the session. However it failed to hold at higher levels and gradually drifted lower towards 56750 zones in the latter part of the session. It formed a small bearish candle on daily scale as selling pressure is seen at higher zones and relatively underperformed the broader market. Now till it holds below 57000 zones, profit booking could be seen towards 56500 then 56250 levels while on the upside hurdle is seen at 57000 then 57250 zones.

Nifty future closed negative with losses of 0.18% at 25500 levels. Positive setup seen in Blue Star, Voltas, RBL Bank, KEI, Biocon, Amber, PI Industries, UPL, Apollo Hospitals, Maxhealth, CDSL, Glenmark and MCX while weakness in Lodha, Cholamandalam Finance, Bajaj Finserv, Alkem, Axis Bank, TCS, ABB, RVNL and Tata Consumer.

NAZARA - TECHNICAL CALL OF THE DAY

The stock has been been making a continus pattern in the last one year on daily charts by moving sideways for few days than move upwards, again consolidate and move upwards. After trading ranngebound in the past few session, Nazara has made higher highs and higher lows indicating bullish implications. This is supported by positive RSI divergence and positive super trend indicator.

BUY NAZARA CMP 1376.10 SL 1314.20 TGT 1440

Top stocks to watch out for 4th Jul

Bajaj Finance:

• For the quarter ended 30th June 2025, customer franchise grew to 106.51 million, adding 4.69 million in Q1FY26. New loans booked rose 23% YoY to 13.49 million. AUM increased by 25% YoY to Rs 4.41 lakh crore, with a Rs 24,750 crore addition in Q1. Deposits grew 15% YoY to Rs 72,100 crore.

Kaynes Technology:

• The company has approved further investment for an amount up to USD 1.77 crore towards acquisition of Equity Shares up to 17,524,752 of Kaynes Holding Pte. Ltd. (‘Kaynes Holding’), wholly owned subsidiary, in one or more tranches, at an issue price of USD 1.01 per share. The main object is to expand the business presence, including but not limited to, in the field of electronics system design and manufacturing, and also to facilitate/ undertake strategic investments/ acquisitions.

PC Jeweller:

• The Company delivered a strong performance in Q1FY26, with standalone revenue growing ~80% YoY despite gold price volatility, driven by festive and wedding-related demand. It reduced outstanding debt by ~7.5% during the quarter, after cutting over 50% in FY25, aiming to be debt-free by FY26-end. Operational improvements continue to reflect positively in financials, and the company remains optimistic about future performance.

ArisInfra:

• ArisUnitern RE Solutions, a subsidiary company of the Arisinfra Solutions has been awarded a contract by Village Wave Private Limited for development management, which covers materials supply, project management, sales and marketing, lender management services for plot plus villa development project spread over approximately 21.9 acres of land at Shingadi Kadirenahalli Village, Bangalore. 

Marico:

• The company reported strong consolidated revenue growth in the low twenties YoY, driven by improving rural demand, steady urban sentiment, and robust volume growth in core and new businesses. Parachute showed resilience despite pricing pressures, while Saffola Oils and Value Added Hair Oils posted healthy growth. International business grew in the high teens, led by Bangladesh. Despite input cost pressures, Marico has maintained brand investments and expects gross margin recovery in H2FY26, aiming for sustainable, volume-led growth.