top stock market recommendations: : rec, Oberoi RealtyAnd Home First Finance Company India Akash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management, has recommended it as one of the top stocks to buy on July 2, 2026. He has also shared his views on Nifty and Bank Nifty.
stock recommendations
REC(BUY):
- LCP: 370
- Stop Loss: 362
- Target: 392
REC has broken out of 1 year consolidation. The stock remains above 200 WMA and 200 DMA simultaneously. Momentum is about to come to the fore with an 8-week high closing on the daily and weekly scale. With the merger event averted, prices are set to establish an equilibrium, which the chart shows is to the upside.Oberoi Realty (Buy):
- LCP: 1804
- Stop Loss: 1738
- Target: 1970
The stock has reversed from below 1600 levels after the formation of a double bottom pattern. Last week’s trading saw a momentum breakout as the stock surpassed its previous swing high. An upside head and shoulders breakout is also underway on the daily and weekly charts, with upside potential of 8-10% from current levels.Home First Finance Company India (Buy):
- LCP: 1200
- Stop Loss: 1135
- Target: 1365
The stock was facing a price correction for the last 52 weeks which appears to have ended based on the price action on the charts. Over the past 3 months, several higher lows have been forming, allowing the stock to break out of its sloping trendline, bringing an end to this correction. The 200 DMA has also been reclaimed, marking a new 7-week high closing on the daily chart, undergoing a breakout of a short-term bullish flag. Realty stocks are witnessing a rise, which may act as a tailwind for the housing finance sector.Index View: NiftyNifty consolidated all its monthly closing sessions with a negative bias and ended with 80 pts cut, following which the volume doubled on the first day of the July series. The index is in the range to buy this decline and so far it remains below 23950, the accumulation limit remains valid as the support near 23800 remains unchanged. Short covering is likely to open above 24000 while a bigger move is likely to open above 24200. Overall, this phase remains open to retesting 24150 and 24600 on the upside. We have rolled over our June FT longs on Nifty to July with 70 pt rollover spread. Both oil blends have fallen to 15-week lows, which may prevent any incremental selling from these levels.bank niftyLike Nifty, Bank Nifty also suffered from being below its previous day’s low for two consecutive days as the index took a step back before making its big move forward. The first day of the July series ended above its previous day’s high, negating a pullback move and resuming its uptrend. Currently it has reversed from its April 2026 resistance which has acted as support throughout the last month, which can be used to buy/add longs with 57100 odd acting as support on the downside. Once again an increase of 58800 is being seen in retests.(Disclaimer: The recommendations and views given by experts and analysts on the stock market, or any other asset class or personal finance management are their own. These opinions do not represent the views of The Times of India.)
