Top 5 Stocks to Buy Today: Sumeet Bagadia's July 1, 2026 Picks

Market Performance on June 30, 2026

On Tuesday, June 30, the Indian stock market witnessed a decline in both major indices. The Sensex and the Nifty 50 continued their downward trend for the second consecutive session, influenced by heavy selling in IT stocks such as Infosys, TCS, and HCL Tech.

The Sensex closed at 76,478.67, down 250 points or 0.33%, while the Nifty 50 ended at 23,865.75, declining 81 points or 0.34%. Over the past two trading days, both indices have lost 0.80% each, reflecting ongoing market weakness.

Nifty 50 Performance

The Nifty 50 opened with a gap-up of 85.80 points at 24,032.05, compared to the previous close of 23,946.25. This indicated a positive start to the session, with the index reaching an intraday high of 24,035.55 within minutes. However, sustained selling pressure emerged, dragging the index lower throughout the day. Although there was a brief recovery towards the end of the first half, the momentum failed to sustain, leading to further declines during the second half.

The index settled at 23,865.75, marking a loss of 80.50 points or 0.34%. According to Sumeet Bagadia, Executive Director at Choice Broking, the daily timeframe showed a bearish candlestick pattern, indicating persistent selling pressure. The close near the day's low reflects continued weakness, while the inability to maintain opening gains suggests that bears remained in control.

From a technical perspective, immediate support is placed in the 23,650–23,700 zone, while resistance is observed in the 24,000–24,050 range. The RSI stands at 51.69, indicating neutral momentum despite the decline. The India VIX declined marginally by 0.07% to close at 13.60, suggesting relatively stable volatility conditions.

In the derivatives segment, notable call writing was observed at the 23,900 and 24,000 strikes, while put writing was concentrated at the 23,900 and 23,800 levels. This indicates immediate resistance around the 24,000 mark, with support remaining near the lower strikes.

Bank Nifty Performance

The Bank Nifty opened with a sharp gap-up of 284.60 points at 58,011.95, compared to the previous close of 57,727.35. The opening level marked the day's high, but the index soon faced sustained selling pressure. It eventually settled at 57,542.90, ending the session with a decline of 184.45 points or 0.32%.

Bagadia noted that on the daily timeframe, the index formed a bearish Marubozu-like candlestick pattern, indicating strong selling dominance. The close near the day's low highlights sustained weakness and suggests that sellers remained in control.

From a technical perspective, immediate support is placed in the 56,950–57,000 zone, while resistance is observed in the 58,000–58,100 range. The RSI stands at 60.06, indicating that the banking index continues to maintain relatively stronger momentum despite the corrective move.

Market Outlook

Bagadia highlighted that the domestic equity market experienced another weak trading session, with both benchmark indices failing to sustain their opening gains after a positive gap-up start. Persistent selling pressure erased early optimism, resulting in both Nifty and Bank Nifty closing near their respective intraday lows. Sectoral participation remained mixed, with defensive and select broader market segments showing resilience, while IT and financial stocks weighed on the benchmark indices.

Despite the weakness in headline indices, broader market breadth remained positive, indicating selective buying interest beyond large-cap stocks. Going forward, sustained recovery above immediate resistance levels will be crucial to improve market sentiment, while key support zones will remain important for maintaining the prevailing market structure.

Recommended Stocks to Buy

Sumeet Bagadia recommends the following five shares to buy on Wednesday, July 1:

1. Capri Global Capital

2. Buy at ₹228, Target ₹250, Stop Loss ₹216
   Capri Global Capital is showing strong bullish momentum after sustaining above its earlier rounding bottom breakout and recently delivering a fresh breakout from a sideways consolidation range, indicating continuation of the prevailing uptrend. Currently trading around ₹228, the stock remains above all key EMAs, reflecting strong trend alignment and sustained buying interest. RSI is at 73.68 and is consistently trading above the midpoint, signaling robust momentum and continued bullish strength. Based on the current technical setup, traders may consider buying at ₹228 with a strict stop loss at ₹216 for a potential upside target of ₹250, while maintaining disciplined risk management.

3. Greaves Cotton

4. Buy at ₹220, Target ₹240, Stop Loss ₹209
   Greaves Cotton is showing improving bullish momentum after rebounding from lower levels and forming a higher high–higher low structure, indicating a positive shift in trend. Currently trading around ₹220, the stock has witnessed a bullish crossover in its short-term EMAs, while the rising EMA structure reflects strengthening momentum and sustained buying interest. RSI is trading above the midpoint, signaling improving trend strength and positive market sentiment. Based on the current technical setup, traders may consider buying at ₹220 with a strict stop loss at ₹209 for a potential upside target of ₹240, while maintaining disciplined risk management.

5. Supriya Lifescience

6. Buy at ₹1018, Target ₹1130, Stop Loss ₹960
   Supriya Lifescience is showing strong bullish momentum after delivering a range breakout following a rebound from its 20-day EMA support, indicating sustained buying interest. Currently trading around ₹1018, the stock is forming a higher high–higher low structure after a sharp rally, while the rising EMA structure reflects a healthy and sustained uptrend. RSI is at 65.80 and remains above the midpoint, signaling strong momentum and continued bullish strength. Based on the current technical setup, traders may consider buying at ₹1018 with a strict stop loss at ₹960 for a potential upside target of ₹1130, while maintaining disciplined risk management.

7. Welspun Enterprises

8. Buy at ₹601, Target ₹655, Stop Loss ₹573
   Welspun Enterprises is showing improving bullish momentum after delivering a breakout above its previous swing high, indicating continuation of the prevailing uptrend. The stock has also witnessed a bullish EMA crossover, with rising EMAs reflecting strengthening trend momentum and sustained buying interest. RSI continues to form higher highs, signaling improving momentum and reinforcing the positive technical structure. Based on the current setup, traders may consider buying at ₹601 with a strict stop-loss at ₹573 for a potential upside target of ₹655, while maintaining disciplined risk management.

9. Aptus Value Housing Finance India

10. Buy at ₹279, Target ₹305, Stop Loss ₹265
    Aptus Value Housing Finance India is showing improving bullish momentum after accumulating near the short-term EMA support zone and delivering a breakout above its previous swing high. The stock has also broken above its 200-day EMA resistance and closed firmly above it, indicating a positive shift in trend and renewed buying interest. RSI is at 62.89 and has rebounded after taking support near the midpoint, signaling strengthening momentum and sustained bullish sentiment. Based on the current technical setup, traders may consider buying at ₹279 with a strict stop loss at ₹265 for a potential upside target of ₹305, while maintaining disciplined risk management.

Disclaimer

This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.