Intraday Stocks To Buy Today, 14th July: Top Picks By Sumeet Bagadia For Profitable Trading On Monday

The Indian stock market saw both the Nifty and Sensex settle close to their weekly lows at 25,149.85 and 82,500.47, respectively, due to a poor start to the Q1 earnings season, particularly after IT giant TCS reported below-par results and sentiment weakened amid heightened global trade tensions following U.S. President Donald Trump's renewed tariff threats. While Bank Nifty ended the day down 201.30 points, finishing at 56,754.70, Nifty concluded 205.40 points down at 25,149.85, breaking its previous week's low. India VIX was surprisingly muted despite the index's steep loss, rising just 1.24% to close at 11.81, staying well below the psychological barrier of 15. This implies that even if selling pressure is still present, market participants don't seem to be feeling too panicked.

Nifty Outlook Today

"Nifty has breached key support levels, forming a weakening structure on both daily and weekly charts. With significant short positions built at higher levels and resistance zones shifting lower, the bias remains firmly tilted toward the downside. Strong call writing activity combined with reluctant put writers indicates prevailing bearish control, with 25,000 likely to be tested in the near term. The broader trend stays negative, with the Relative Strength Index (RSI) slipping below the neutral 50 mark, indicating fading bullish momentum. For any reversal of sentiment or positive sentiment to prevail, the index must convincingly move above 25,350. Until then, sellers are expected to maintain dominance. With earnings season expected to pick up in the coming sessions, -especially from IT heavyweights-upcoming results will be crucial in determining the short-term trajectory of the market," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"Nifty Bank is currently positioned at a key inflection point, with the 56,600 zone serving as a critical support level. A firm breakdown below this mark could intensify selling momentum and drag the index toward the 56,000 level in the near term. The formation of a swing high around 57,370 has reaffirmed it as a strong resistance, with sellers reinforcing their positions at higher levels. The narrowing gap between the 10 and 20 DEMA signals waning upward momentum, while momentum indicators such as the Relative Strength Index (RSI) have slipped below 60-indicating weakening strength in the underlying trend," Dhupesh Dhameja stated.

"Unless the index manages a sustained breakout above the 57,300 resistance zone, upward moves are likely to be short-lived and met with supply. The current chart structure, coupled with lack of follow-through buying, suggests that any intraday rallies may face selling pressure. A breach below today's low could accelerate the downtrend and shift the market's focus toward the 56,000 mark in the sessions ahead," Dhupesh Dhameja further added.

Stocks To Buy Today

Choice Broking's executive director, Sumeet Bagadia, recommended buying two stocks on Monday, July 14, as investors monitor ongoing Q1 results and developments regarding the India-US trade agreement while focusing on approaching key domestic macro data, such as CPI and WPI inflation prints.

Faze Three

Buy FAZE3Q in cash @ Rs 653, Stop-loss @ Rs 630, Target @ Rs 700

FAZE3Q is currently positioned at 653 levels, delivered a stellar upside move in today's session. The price action marks a decisive breakout above the short-term consolidation zone, with increased volumes supporting the bullish move. Today's breakout attempt is the first major thrust from the lower end of this band, raising expectations of a bullish breakout. FAZE3Q reversed strongly from the day's low of 601 to close near the high, marking a significant intraday recovery.

The price is now testing a recent resistance zone, and a close above ₹666 could signal a new bullish leg. The recent price action has shown resilience and strong follow-through, especially after reclaiming the ₹640 level, which acted as resistance. On Friday, the stock made a strong high of 660 and sustained gains throughout the session, indicating robust buyer control.

Given the momentum, FAZE3Q looks poised to test higher levels in the coming sessions. Any minor dips may find strong support near the 20 EMA, which can act as an accumulation zone for traders.

Reinforcing the positive sentiment, the Relative Strength Index (RSI) comfortably rests at 61.37 levels. Investors may a good opportunity for swing traders with a short-term target of ₹700+ in mind, and a strict stop-loss under 630.

Pondy Oxides and Chemicals

Buy POCL in cash @ Rs 970.1, Stop-loss @ Rs 935, Target @ Rs 1040

POCL is currently positioned at 970.1 levels, witnessed a sharp rally on Friday. The price action marks a decisive breakout above the short-term consolidation zone, with increased volumes supporting the bullish move. This rally reflects fresh buying interest as the stock convincingly broken out of its recent consolidation zone and is sustaining above all key exponential moving averages.

The chart clearly displays a rising trajectory since early June, with a series of higher highs and higher lows - a strong bullish price structure. The breakout above ₹900 (previous resistance zone) has triggered a renewed uptrend. Currently, the stock is nearing psychological resistance around ₹1,000. If this is crossed decisively, we may see the next target zones around ₹1,040-1,060 in the short term

Given the momentum, POCL looks poised to test higher levels in the coming sessions. Any minor dips may find strong support near the 20 EMA, which can act as an accumulation zone for traders.

Reinforcing the positive sentiment, the Relative Strength Index (RSI) comfortably rests at 71.37 levels. Investors may a good opportunity for swing traders with a short-term target of ₹1040+ in mind, and a strict stop-loss under ₹935.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.