Stock market recommendations: According to Bajaj Broking Research, Equitas Small Finance Bank, and Medi Assist Healthcare Services are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for July 11, 2025:Index view: NIFTYIndian equity benchmarks traded within a narrow consolidation band last week, reflecting subdued investor sentiment amid heightened uncertainty surrounding the India-US trade negotiations and the commencement of the Q1 FY26 earnings season. Market activity was largely stock-specific, driven by bottom-up themes, as participants remained cautious, awaiting concrete cues on both macro and micro fronts.Key point to highlight is that index over past 8 sessions has not even retraced 38.20% of preceding 10 sessions up move. Slower pace of retracement approaching indicates robust price structure that bodes well for the next leg of up move. The index is sustaining well above the recent consolidation breakout making higher base and staged a strong rebound indicating inherent strength. We anticipate the index to gradually trend higher and retest the 25,800 zone in the coming weeks, provided it continues to sustain above the crucial support band of 25,000–25,200. Key positional support is placed at 25,200–25,000, which coincides with the 20-day EMA, key retracement area and the upper edge of the prior consolidation zone (25,200–24,500).From a seasonality standpoint, July has historically been a favorable month for the Nifty, delivering positive returns 71% of the time since 1991, with an average gain of 2.5%. Structurally, the index has sustained its upward momentum over the past three months, demonstrating resilience amid a backdrop of geopolitical headwinds and evolving clarity on trade tariff dynamics. Notably, market internals have continued to strengthen during this period. Breadth indicators reflect a broadening of participation, with approximately 63% of Nifty 500 constituents now trading above their 200-day EMA—an improvement from 52% recorded last month—signaling improving market health and supporting the sustainability of the ongoing uptrend. NIFTY BANKBank Nifty traded within a narrow consolidation band last week, reflecting subdued investor sentiment amid heightened uncertainty surrounding the India-US trade negotiations and the commencement of the Q1 FY26 earnings season.The index continues to trade above its 20-day EMA—a level it has consistently respected since April—signaling that the underlying bullish trend remains firmly intact. This, combined with improving market breadth, reinforces the higher high–higher low-price structure, suggesting a well-entrenched uptrend. The setup paves the way for a potential move towards the 58,500 zone in the upcoming quarter.On the downside, a strong support base is established at 55,500–56,000, which coincides with the 50% Fibonacci retracement of the 53,483–57,628 rally and aligns with the 50-day EMA. Any pullback towards this zone is likely to be viewed as a buying opportunity within the broader uptrend.Structurally, Bank Nifty is undergoing a phase-wise expansion, characterized by incremental price acceptance at higher levels. Rather than sharp directional spikes, the index is progressing through short consolidations, which are acting as springboards for subsequent upswings. This evolution from high-volatility moves to range-bound accumulation phases signals increasing market maturity. The tightening of correction ranges suggests supply is being absorbed by stronger hands, thereby maintaining trend continuity and enhancing the sustainability of the rally.Stock Recommendations:Equitas Small Finance BankBuy in the range of Rs 64.00-66.00
- The entire price action of the last 2 months is well placed inside a rising channel signaling positive bias. It is currently seen rebounding from the lower band of the channel thus offering a fresh entry opportunity.
- The stock has witnessed a strong rebound in Thursday session from the previous gap up area of 12th May 2025.
- The daily 14 periods RSI has recently generated a buy signal moving above its nine periods average thus validating positive bias.
- We expect the stock to head higher towards 75.00 levels in the coming months being the previous high of January 2025.
Medi Assist Healthcare ServicesBuy in the range of Rs 570-587
- The stock has generated a breakout above a falling supply line joining highs of September 2024 and January 2025 signaling resumption of up move and offers fresh entry opportunity.
- The breakout is supported by strong volume signaling strength and the stock is sustaining above its key averages signaling strength.
- The daily 14 periods RSI is sustaining above its nine periods average signaling positive bias. We expect the stock to head towards 649 levels in the coming months being the 80% retracement of the previous decline of September 2024 to April 2025 (716-415).
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
