Sectoral Analysis

NIFTY METAL

Date: 07-Jul-2025

 

  • The Nifty METAL index ended the week on a flat note at 9,580.40, with a marginal gain of 0.02%. It formed an indecisive candlestick pattern on the weekly chart, reflecting uncertainty, but the daily chart showed signs of buying interest, suggesting potential strength ahead.​
  • On the weekly timeframe, the RSI is steadily rising and currently stands at 59.40, reinforcing the ongoing uptrend.​
  • Key levels to watch include resistance at 9,850 and 9,500, while immediate support is seen at 9,350 and 9,000.​
Outperformers Underperformers
SAIL, JINDAL STEEL​​​ APL APOLLO TUBES, ADANI ENT​​

NIFTY PSU BANKS​

Date: 07-Jul-2025

 

  • The NIFTY PSU BANK Index began the week on a strong note but gave up some of its gains as the week progressed, eventually closing at 7,152.95 with a weekly rise of 1.96%.​​
  • On the momentum front, the RSI stands at 61.88, indicating positive momentum and hinting at further upside potential.​
  • Key resistance levels to watch are 7,500 and 7,700, while immediate support is placed at 7,000, followed by 6,700.​
Outperformers Underperformers
BANK OF MAHA,OVERSEAS BANK​​ BANK OF BARODA​​

NIFTY PHARMA​

Date: 07-Jul-2025

 

  • The NIFTY PHARMA Index started the week on a positive note at 22,036.25 and maintained its upward trajectory throughout the week, ending at 22,384 with a gain of 2.08%.​
  • On the momentum front, the RSI stands at 58.08, indicating positive momentum and pointing towards the potential for further upside. Additionally, the index has given a breakout of cup and handle chart pattern on the weekly chart, reflecting strong buying interest.​
  • Crucial levels to monitor are 22,600 and 22,800 on the upside, while support is seen at 22,000 and 21,800 on the downside.​​
Outperformers Underperformers
NATCO PHARMA, LAURUS LAB​​​ JB CHEMICALS, GRANULES

NIFTY OIL & GAS​​

Date: 07-Jul-2025

 

  • The NIFTY OIL & GAS Index opened the week on a strong note at 11,862 and continued to trade positively throughout, closing at 12,002.35 with a weekly gain of 1.41%.​
  • Momentum indicators remain strong, with the RSI at 63.82, suggesting continued bullish momentum and potential for further upside. The index has also registered a breakout of rounding bottom chart pattern on the weekly chart, highlighting strong buying interest.​​
  • Important levels to watch include resistance at 12,300 and 12,500, while support is placed at 11,800 and 11,500.
Outperformers Underperformers
INDRAPRASHTHA GAS, BPCL​ AEGIS LOG, ADANI TOTAL GAS​

Sector Performance

Pick of the week

Scrip Trade Entry above Target Stop loss
TIIL BUY 3242 3438​ 3144​

 

Rationale

  • TIIL is currently at a crucial juncture, having recently broken out of a Cup and Handle pattern on the daily chart. After the breakout, the stock witnessed a normal retracement and now appears set for a fresh upward move. This price behavior suggests that buyers have been steadily accumulating at lower levels over the past month, paving the way for potential bullish continuation​
  • The stock is trading above the 20-day EMA (short-term trend indicator) & 50-day EMA (mid-term trend indicator), confirming short-term strength and acting as a support zone.​
  • The RSI (Relative Strength Index) is currently at 64.08, indicating strong upward momentum. If the stock holds above its breakout level, the rally could continue​

Disclosure: M/s. Bonanza Portfolio Ltd here by declares that views expressed in this report accurately reflect view point with subject to companies/securities. M/s. Bonanza Portfolio Ltd has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations. The Analysts engaged in preparation of this Report or his/her relative: - (a) do not have any financial interests in the subject company mentioned in this Report; (b) do not own 1% or more of the equity securities of the subject company mentioned in the report as of the last day of the month preceding the publication of the research report; (c) do not have any material conflict of interest at the time of publication of the Report. The Analysts engaged in preparation of this Report:- (a) have not received any compensation from the subject company in the past twelve months; (b) have not managed or co-managed public offering of securities for the subject company in the past twelve months; (c)have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months; (d) have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months; (e) has not received any compensation or other benefits from the subject company or third party in connection with the Report; (f) has not served as an officer, director or employee of the subject company; (g) is not engaged in market making activity for the subject company.​
M/s. Bonanza Portfolio Ltd is a registered Research Analyst under the regulation of SEBI, the year 2014. The Regn No. INH100001666 and​ research analyst engaged in preparing reports is qualified as per the regulation's provision.​

Disclaimer: This research report has been published by M/s. Bonanza portfolio Ltd and is meant solely for use by the recipient and is not for circulation. This document is for information purposes only and information / opinions / views are not meant to serve as a professional investment guide for the readers. Reasonable care has been taken to ensure that information given at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. If this report is inadvertently send or has reached to any individual, same may be ignored and brought to the attention of the sender. Preparation of this research report does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Past performance is not a guide for future performance. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by Bonanza portfolio Ltd to be reliable. This report should not be taken as the only base for any market transaction; however this data is representation of one of the support document among other market risk criterion. The market participant can have an idea of risk involved to use this information as the only source for any market related activity.​

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