Stock market recommendations: Oberoi Realty, and Titan Company have been recommended by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities as the top stock picks for the July 6, 2026 week. He has also shared his outlook for Nifty and Bank Nifty:
Stock recommendations
Oberoi RealtyOberoi Realty has delivered a bullish breakout above a downward-sloping trendline on the weekly chart, signaling the potential start of a fresh uptrend. Momentum remains robust, with the RSI moving higher and sustaining above the 60 mark on both the daily and weekly timeframes, reflecting strengthening buying interest. The bullish crossover of DI+ above DI- on the weekly ADX indicator highlights that the bulls have gained control over bears.Adding to the positive setup, the MACD histogram continues to expand with the MACD slope pointing higher, confirming improving momentum. The stock has also closed above the upper Bollinger Band for two consecutive sessions, a characteristic often associated with strong trending moves. Hence, we recommend to accumulate the stock in the zone of 1920-1940 with a stoploss of 1860. On the upside, it is likely to test the level of 2075 in the short term.Titan CompanyTITAN has staged an impressive recovery, rallying 12.5% after finding support at its 200-day EMA on June 11, signaling a strong shift in momentum. The stock is now trading above its key short and long-term moving averages, reinforcing the positive price structure. The ADX continues to trend higher, indicating that the ongoing bullish trend is gaining strength.Adding to the optimism, the MACD histogram has started expanding with improving momentum, reflecting increasing buying interest. The stock has also closed above the previous two weeks’ high, confirming a bullish breakout and suggesting the potential for further upside in the coming sessions. Hence, we recommend to accumulate the stock in the zone of 4430-4475 with a stoploss of 4295. On the upside, it is likely to test the level of 4785 in the short term.Nifty ViewThe benchmark index Nifty spent the last 13 trading sessions consolidating within a narrow range of nearly 500 points. On Friday, it finally managed to break out of this range; however, the breakout failed to attract sustained buying interest as profit booking at higher levels capped further upside. As a result, the index ended the week at 24270, posting a gain of 0.89%. On the weekly chart, Nifty formed a bullish candlestick with shadows on both ends, reflecting a positive undertone but continued indecisiveness among market participants. Interestingly, this was the third consecutive week of such a candlestick formation, highlighting the ongoing battle between bulls and bears. Despite the lack of strong directional movement in the benchmark, the broader market is exhibiting a much stronger trend.While frontline indices continue to trade with caution, the Nifty Smallcap 100 has emerged as the clear leader. The index has consistently outperformed Nifty over the past several weeks and is currently hovering close to its all-time high, while Nifty remains nearly 8% below its lifetime peak. Adding further weight to this outperformance, the relative strength ratio of Nifty Smallcap 100 versus Nifty has surged to an 81-week high, indicating strong participation in the broader market. The prevailing chart structure suggests that the bullish momentum in the small-cap space is likely to persist in the near term. Going forward, the key question remains whether Nifty will eventually catch up with the strong performance of the broader market or continue to lag behind.From a technical standpoint, Nifty continues to trade comfortably above its 20, 50, and 100-day EMAs, reinforcing the positive intermediate-term trend. Momentum indicators are also supportive, with the daily RSI sustaining above the 60 mark, indicating strengthening bullish momentum. Going ahead, the 200-day EMA zone of 24400-24450 is likely to act as a critical resistance area. A decisive and sustained breakout above 24450 could pave the way for an extended up move towards 24700, followed by 24900 in the short term.On the downside, the 100-day EMA zone of 24150-24100 is expected to provide immediate support. Any breach below this zone may trigger a decline towards the confluence of the 20 and 50-day EMAs at 23920-23880, which could act as the next important support region. With Nifty trading near a crucial technical juncture, the upcoming sessions are likely to be important in determining whether the recent breakout develops into a meaningful rally or turns into yet another failed breakout attempt.Bank Nifty ViewThe Bank Nifty witnessed a subdued week, trading within a narrow range of 939 points, its tightest weekly range since the last week of December. The index underperformed the broader benchmark indices and formed a small-bodied candlestick with shadows on both ends on the weekly chart. Significantly, this was the third consecutive week of a similar candlestick pattern, reflecting indecisiveness and a lack of strong directional conviction among market participants.Despite the consolidation, the broader technical structure remains constructive. The index continues to trade comfortably above its short and long-term moving averages, all of which are maintaining an upward slope, indicating that the primary trend remains firmly positive. Momentum indicators also support this view, with the daily RSI holding in bullish territory. However, the RSI has been hovering in the 60-63 range over the last four trading sessions, suggesting that the index is awaiting a fresh trigger to resume its upward momentum.Going ahead, the 58600-58700 zone is expected to act as an important resistance area. A decisive and sustained move above 58700 could signal the resumption of the ongoing uptrend and open the doors for a rally towards 59500, followed by 60300 in the short term.On the downside, the 20-day EMA zone of 57100-57000 is likely to provide strong support. As long as the index continues to hold above this crucial level, the short-term trend is expected to remain positive, with any dips likely to attract buying interest. The next few trading sessions will be crucial in determining whether Bank Nifty can break out of its recent consolidation phase and regain leadership within the broader market.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
