According to The Times of India, technical analyst Mehul Kothari from Anand Rathi Shares has recommended three stocks for July 7, 2026. The recommendations include Hero MotoCorp with a buy range of ₹4,960-₹5,020 and target of ₹5,600, Tata Steel at ₹188-₹191 targeting ₹206, and Nippon India ETF Nifty IT (ITBEES) in the ₹30.00-₹30.90 range with a ₹36 target. As reported by The Times of India, these recommendations come amid mixed market sentiment with benchmark indices closing lower on Tuesday.
According to The Times of India, Hero MotoCorp is currently consolidating near its long-term rising trendline, which has acted as a strong support zone over the past two years. The stock continues to hold above this structural support despite recent correction, indicating intact broader uptrend. The technical structure remains constructive as prices hold around the Ichimoku Cloud, while RSI has turned higher after prolonged correction and crossed above moving average, signalling improving momentum. A sustained move above the cloud could trigger fresh buying interest and advance towards ₹5,600.
As reported by The Times of India, Tata Steel has formed a hidden bullish divergence near its previous breakout zone, indicating intact broader uptrend despite recent corrective phase. The stock is taking support around its 200-day Simple Moving Average (SMA), coinciding with crucial demand zone, enhancing rebound probability. Momentum indicators are improving with MACD slipping into deeply oversold zone similar to January 2025 levels, from where sharp recovery occurred. This technical support confluence suggests fresh buying interest and potential move towards ₹206 over medium term.
According to The Times of India, benchmark indices BSE Sensex and Nifty ended marginally lower on Tuesday with late-session profit booking erasing early gains amid weak Asian market cues. The BSE Sensex settled 104.35 points lower at 78,180.72, after touching intraday high of 78,664.92, while NSE Nifty closed 31.65 points lower at 24,398.70. This decline followed four sessions of over 2% rally, with both indices reaching highest levels in over two months on Monday.
As reported by The Times of India, information technology stocks provided strength to offset benchmark losses, with HCL Technologies rising 3.08% ahead of quarterly earnings announcement. Tech Mahindra, Infosys and Tata Consultancy Services also advanced, with TCS scheduled to report June-quarter results on Thursday marking beginning of IT earnings season. Titan climbed 2.62% after reporting 41% year-on-year increase in June-quarter revenue across jewellery, watches and eyewear businesses.
