Market Outlook:Technical Call Of The Day & Top 5 Stocks In Focus For 31st Jul 2025

Nifty index opened positive and faced an initial dip towards 24770 zones after which it recovered but ended up consolidating for the rest of the day. The index respected its immediate key support zone which acted as a demand pocket preventing further declines. It formed a small bodied bearish candle with longer lower shadow on daily frame indicating support based buying and a cushion base. Now it has to hold above 24750 zones, for an up move towards 25000 then 25100 zones while support can be seen at 24700 then 24600 zones.

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On option front, Maximum Call OI is at 25000 then 24900 strike while Maximum Put OI is at 24800 then 24700 strike. Call writing is seen at 24900 then 25000 strike while Put writing is seen at 24850 then 24900 strike. Option data suggests a broader trading range in between 24400 to 25400 zones while an immediate range between 24600 to 25100 levels.

 S&P BSE Sensex index opened on a positive note and witnessed some profit booking during the first half hour of the day but managed to hold its support of 81200 before bouncing back higher. In the latter part of the session the index traded within a narrow range of around 200 points and eventually closed with gains of around 150 points. It formed a small bodied candle with long lower shadow indicating buying interest at support levels. Now it has to hold above 81200 zones for strength towards 81800 then 82000 zones while supports can be seen at 81200 then 81000 zones.

 Bank Nifty index opened on a positive note but remained consolidative in a narrow range of 250 points in between 56050 to 56300 zones for the entire session. It formed a small bearish candle on daily scale as momentum is missing at higher zones but multiple supports are intact at lower zones. Rate sensitive Index is hovering near its 50 DEMA as it again got stuck in a narrow range of 500 points from the last few sessions. Now it has to hold above 56000 zones for a bounce towards 56350 then 56500 levels while on the downside support is seen at 56000 then 55750 zones.

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Nifty future closed positive with gains of 0.09% at 24860 levels. Positive setup seen in L&T, VBL, Amber Enterprises, Britannia Industries, Tata Communication, Syngene, PI Industries, Dalmia Bharat, Mphasis, and Maruti while weakness in Tata Motors, Bharat Forge, Bandhan Bank, Sonacoms, SBI Card, Indian Bank, HFCL, GAIL, Indus tower and PNB Housing Finance.

DCMSHRIRAM - TECHNICAL CALL OF THE DAY

The stock is in a clear uptrend as it trades above all its key moving averages of 40/100 and 200 EMA levels on daily charts. DCM Shriram has been in a rangebound since it gave a breakout around Rs 1230 levels. The super trend indicator looks positive along with positive RSI divergence visible on daily charts. Delivery volumes are also good indicating accumulation happening at lower levels. All of this reflects bullish implications.  

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BUY DCMSHRIRAM CMP 1424.50 SL 1370.00 TGT 1494.50

Top stocks to watch out for 31st Jul

Kaynes Technology:

• Kaynes clocked Q1FY26 revenue of Rs 673.5 crore, up 34 % YoY, backed by a robust Rs 7,401.1 crore order book that underpins growth visibility for FY26 and beyond. EBITDA margin rose to 16.8 %, while PAT margin improved to 11.1 %, reflecting operational strength. 

• The company’s strategy of focusing on complex, high‑margin verticals—industrial & EV, aerospace, and smart infrastructure—continues to drive profitable expansion. Ongoing investments in emerging segments such as ODM and strategic electronics (SpaceTech, aerospace, avionics) aim to broaden capabilities and global reach. These initiatives support Kaynes’ vision of evolving into a diversified, resilient, and design‑led global ESDM partner.

LTI Mindtree:

• LTI Mindtree has announced the launch of BlueVerse CraftStudio, a next-generation agency that harnesses Adobe’s latest AI-powered innovations to help organizations streamline their marketing operations and unlock significant business benefits. Expanding on LTIMindtree’s existing CMO services, CraftStudio is designed to help marketing teams in organizations break through the barriers to AI adoption and business value realization. 

Kamat Hotels:

• Kamat Hotels has entered into a lease agreement to operate a luxury hotel in Panchgani under its flagship brand, “The Orchid” Hotels. This strategic expansion marks the group’s foray into the tranquil hill station of Panchgani, Maharashtra featuring a total of 70 well-appointed rooms, comprising of 47 guest rooms and 23 unique luxury tent room accommodation. 

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Bharat Forge:

• Bharat Forge to establish a new advanced ring mill dedicated to aerospace applications, following the signature of contracts with Pratt & Whitney, Canada for the supply of aerospace components. The new ring mill will be set up as part of company's ongoing expansion of its aerospace manufacturing capabilities. This facility is designed to produce high-performance aerospace products for aero-engine applications, leveraging cutting-edge technologies and adhering to the highest global quality and traceability standards.

Tata Steel:

• For Q1FY26, Tata Steel reported consolidated revenues of Rs 53,178 crore and EBITDA of Rs 7,480 crore, with a margin of ~14%, showing 11% QoQ and 10% YoY growth. India operations delivered strong EBITDA margins of 24%, despite production impact due to maintenance shutdowns. UK operations saw a narrowed EBITDA loss, while Netherlands operations posted improved EBITDA of €64 million. The company spent Rs 3,829 crore on capex, including progress on Kalinganagar and Ludhiana projects. Net debt stood at Rs 84,835 crore, with strong liquidity of Rs 43,578 crore, and it completed the 100% acquisition of Neelachal Ispat Nigam Ltd.