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Delhi News Daily > Blog > Business > 2 top stock recommendations from Rajesh Bhosale – Delhi News Daily
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2 top stock recommendations from Rajesh Bhosale – Delhi News Daily

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Last updated: July 7, 2025 10:13 am
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“We can expect the positive momentum to continue. So, yes, bias remains positive. Similarly, for the Bank Nifty, if we see, it is holding on to its key support of 20-day exponential moving average. So, 56,800 to 56,700 is a strong support. So overall bias is positive. Buy on dip would be the strategy that we would be focusing on,” says Rajesh Bhosale, Angel One.

How do you see markets currently, 25,400 not breached yet, but yet lacklustre market?
Rajesh Bhosale: So, if we see since last week market has been in a consolidation phase, but overall trend remains positive. It seems that traders are bit cautious with the Trump trade policy and ahead of few key results that are being aligned this week. So, overall, bias is positive but we are seeing some consolidation. On the lower side if we see somewhere around 25,300 to 25,400 is a strong base and on the higher side if we see intraday, 25,500 is a resistance.

Once that is taken out, we can expect the positive momentum to continue. So, yes, bias remains positive. Similarly, for the Bank Nifty, if we see, it is holding on to its key support of 20-day exponential moving average. So, 56,800 to 56,700 is a strong support. So overall bias is positive. Buy on dip would be the strategy that we would be focusing on.Let us just focus on the FMCG pack which is in news today and obviously the positive Q1 updates that we have got. In fact, it is mixed for a lot of players, but then Godrej Consumer is seeing a single-digit volume and value growth. Few segments that could do well could be home care which is gaining momentum. Jubilant Food post 17% jump in consolidated revenue. So, it is a mix mixed bag. But then as we were discussing, I know it is a technical view that you will be giving up us, but then in the second half of this calendar year we expect this particular theme to catch on. Now, if someone wants to play this particular theme and looking at this kind of an update, is there any recommendation?
Rajesh Bhosale: So, overall, the FMCG has been out of limelight since last few months. But today if we see, there are positive traction in the frontline counters, HUL, Dabur, ITC. So, we expect the kind of chart structure we are seeing that the bottom out has been done and in the next few months this space that was in sluggish phase is likely to perform. So, yes, bias is positive but one has to be very selective. We do not expect broad-based buying, but selective space can give strong performance from here onwards.

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I also want to ask you that in the current market what will be your stock specific picks which one could pencil in?
Rajesh Bhosale: So, as just we highlighted the FMCG space, one counter that we are liking is Marico. So, Marico has been already in a strong uptrend, continuously moving in a higher top, higher bottom structure. Last Friday we saw bullish breakaway gap and that gap has been sustained. On the daily chart, we are seeing a cup and handle formation. So, Marico looks interesting from next couple of trading sessions’ point of view with a stop loss of 717, we expect a target of 775 in the near term.

So, another stock pick is L&T Finance. So L&T Finance if we see, it has already given a long-term bullish breakout and now after that breakout, after a long consolidation breakout, any dip is getting bought into. Now, the recent swing high also has been taken away and we can see a flag pattern breakout on the daily chart. So, with a stop loss of 203 L&T Finance look positive for the near-term targets of 220.



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