Top stocks to buy today: Stock recommendations for August 1, 2025 – check list – Times of India
Stock market recommendations: According to Bajaj Broking Research, Axis Bank, and Larsen and Toubro are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 1, 2025:Index View: NIFTYBenchmark indices remain highly volatile amid escalating trade tensions between India and the United States. The heightened uncertainty is primarily driven by ongoing developments surrounding potential tariff measures. In a recent statement, US President Donald Trump suggested the imposition of a 25% tariff on Indian exports, a move that has raised concerns across markets.This proposed tariff hike has triggered anxiety among investors, who fear the repercussions it could have on bilateral trade relations and the broader economic outlook. As a result, key stock indices are experiencing sharp fluctuations, reflecting the market’s sensitivity to geopolitical and trade-related developments. Market participants are closely monitoring official responses and further policy announcements from both nations to gauge the potential impact on corporate earnings and economic growth.Going ahead, index to consolidate in the range of 24,500-25,000 in the coming sessions. While a move above 25,000 levels will open further upside towards the key resistance area of 25,250, being the almost identical high of the last 2 weeks.Volatility is anticipated to remain elevated in the coming session, driven by key macro triggers including the US- India tariff decision and the RBI rate decision.On the downside, the 24,600–24,400 zone emerges as a critical demand area, marking a confluence of key technical levels — the prior swing low, the 100-day exponential moving average, and the 61.8% Fibonacci retracement of the recent up move from 23,935 to 25,669.NIFTY BANKBank Nifty on Thursday session rebounded from the key support area of 55,500-55,000 levels being the confluence of the 100-day EMA and key Fibonacci retracement levels of the prior up move Since April, intermediate corrections have remained shallow while the index has consistently held above its 100-day EMA.Structurally, the index is undergoing a time-wise correction rather than a steep price correction, which is a constructive sign in the context of a prevailing uptrend. The formation of higher base patterns near the key moving average support zone, along with subdued retracements, implies that stronger hands are utilizing dips to accumulate.Going ahead we expect the index to hold above the support area of 55,500-55,000 levels and head higher towards 57,500 and 58,300 levels in the coming weeks.Stock Recommendations:Axis BankBuy in the range of Rs 1050-1070
The stock after the recent corrective decline is forming base around the 61.8% retracement of the previous up move (933-1238). The stock provides favorable risk reward set up for the next leg of the up move The stock has already taken 14 weeks to retrace just 61.8% of its preceding 13 weeks up move (933-1238). A shallow retracement signals a positive price structure. The weekly stochastic has approached an extreme oversold territory with a reading of 08, hence a technical pullback is likely in the coming weeks.We expect the stock to head higher towards 1175 levels being the 61.8% retracement of the 1247-1055.Larsen and ToubroBuy in the range of Rs 3590-3640
The stock has generated a breakout above a falling channel containing last one month’s corrective decline with a bullish gap up action signaling resumption of up move.The stock is currently trading above its short- and long-term moving averages thus validating positive bias from a medium-term perspective.We expect stocks to maintain positive bias and head towards an all time high of 3963 in the coming months, being the measuring implication of the range consolidation.(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)
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