Bajaj Broking has identified a basket of five large-cap stocks for short-term trading opportunities, citing a bullish technical setup in the broader market.
Deputy Vice President Pabitro Mukherjee points to Reliance Industries, Bharti Airtel, Bharat Electronics (BEL), HDFC Bank, and one additional equity as poised for gains in the coming weeks.
The recommendation comes as the Nifty 50 index enters July with positive momentum, supported by a confluence of favorable macro factors.
Mukherjee notes that the revival of the monsoon, a sharp decline in global oil prices, and the appreciation of the Indian rupee are creating a supportive backdrop for equity markets.
This latest list adds to a wave of July stock picks from Indian brokerages.
Axis Securities recently highlighted mid-cap and small-cap names including Dalmia Bharat and Minda Corp, while Anand Rathi strategist Jigar Patel recommended Maruti Suzuki and Tata Steel for short-term technical trades.