July 21, 2025: In the last session of the previous week, the Indian stock market suffered a big drop. The Nifty 50 and BSE Sensex both fell by more than half a percent, and the Bank Nifty lost about one percent. While Wipro, Bajaj Finance, and Tata Steel showed resilience, Axis Bank, Shriram Finance, and BEL were among the top losers.
Today’s Market Outlook:
Overall Market: Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, anticipates the market to remain in consolidation mode due to ongoing global trade uncertainty and a subdued start to the Q1FY26 earnings season.
Nifty 50: Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted that the underlying trend of Nifty remains weak. He suggests a slide below 24,900 could lead to further weakness down to 24,500 in the coming week. However, any pullback rally might face strong resistance around 25,250.
Bank Nifty: Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, observed that the Bank Nifty index succumbed to heavy profit booking after Axis Bank’s weak results. The index breached the near-term support of 56,600, weakening the bias. The next crucial support is at 55,900. For an upside move, it needs to breach above the 57,600 resistance zone to target 58,500 and 60,000.
Key Q1FY26 Results Today (Monday, July 21):
- Ultratech Cement
- Eternal (formerly Zomato)
- IDBI Bank
- Havells
- Oberoi Realty
Stocks to Buy Today Under ₹100 (Intraday Recommendations):
Several experts have recommended the following stocks for intraday trading today:
- Nova Agritech: Buy at ₹58.97, Target ₹64, Stop Loss ₹57 (Sumeet Bagadia, Choice Broking)
- Manali Petrochemicals: Buy at ₹79.25, Target ₹85, Stop Loss ₹76 (Sumeet Bagadia, Choice Broking)
- Yes Bank: Buy at ₹20.17, Target ₹23, Stop Loss ₹19 (Mehul Kothari, Anand Rathi)
- UCO Bank: Buy at ₹32.13, Target ₹36, Stop Loss ₹30 (Mehul Kothari, Anand Rathi)
- Jagran Prakashan: Buy at ₹74.20, Targets ₹77.60, ₹78.30, Stop Loss ₹72.50 (Sugandha Sachdeva, SS WealthStreet)
- Shriram Properties: Buy at ₹96.40, Target ₹102, Stop Loss ₹92 (Anshul Jain, Lakshmishree Investment)