Stocks to buy today: Discover market expert Raja Venkatraman's top stock picks for Tuesday, 15 July
Best stocks to buy today, 15 July, recommended by NeoTrader's Raja Venkatraman
The tariff war shows no signs of resolution, and its prolonged impact continues to weigh heavily on global cues, leading to persistent uncertainty in the markets.
With no clear trends emerging, the prevailing overhang is disrupting market sentiment and deepening investor confusion. Unless some positive triggers surface soon, it will be difficult to counter the prevailing bearish mindset in the days ahead.
Against this backdrop, here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Tuesday , 15 July:
Buy at current market price and dips to ₹ 369, stop ₹ 360 target ₹ 405-420
Why it’s recommended: GRM Overseas is primarily involved in milling, processing, and marketing basmati rice, both domestically and internationally. Strong demand recovery in the food sector segment supports price stability and growth potential. The charts indicate a steady upward bias after some consolidation hinting at higher levels.
GRM Overseas is primarily involved in milling, processing, and marketing basmati rice, both domestically and internationally. Strong demand recovery in the food sector segment supports price stability and growth potential. The charts indicate a steady upward bias after some consolidation hinting at higher levels. Key metrics: P/E: 46.07, 52-week high: ₹ 388.50, volume: 527.32k.
Technical analysis: Support at ₹ 350, resistance at ₹ 440.
Support at 350, resistance at 440. Risk factors: Macro trends and raw material price volatility.
Macro trends and raw material price volatility. Buy at: CMP and dips to ₹ 369.
CMP and dips to 369. Target price: ₹ 405-420 in 3 months.
405-420 in 3 months. Stop loss: ₹ 360.
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Cartrade Tech (current market price: ₹ 1,987.30)
Buy at current market price, and dips to ₹ 1,920, stop ₹ 1,890, target ₹ 2,150-2,200,
Why it’s recommended : Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in coming sessions. The sharp breakout with volumes forming long body candles in the last 3 trading sessions highlight strong upside potential.
Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in coming sessions. The sharp breakout with volumes forming long body candles in the last 3 trading sessions highlight strong upside potential. Key metrics : P/E: 126.96, 52-week high: ₹ 1,918.40, Volume: 1.15M.
Technical analysis : Support at ₹ 1,800, resistance at ₹ 2,300.
Support at 1,800, resistance at 2,300. Risk factors : Broader downward trend in the stock market, particularly impacting midcap IT software companies and revenue growth.
Broader downward trend in the stock market, particularly impacting midcap IT software companies and revenue growth. Buy at : CMP and dips to ₹ 1,920.
CMP and dips to 1,920. Target price : ₹ 2,150 - 2,200 in 1 months.
2,150 - 2,200 in 1 months. Stop loss: ₹ 1,890.
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Navneet Education (current market price: ₹ 148.80)
Buy at current market price, and at dips to ₹ 140, stop ₹ 135 target ₹ 165-170.
Why it’s recommended : Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent growth in revenue. The prices have firmly closed above the Ichimoku Bands with a long body candle highlighting the bullish interest. With volumes picking up supported by an increasing momentum can be a potential buy candidate.
Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent growth in revenue. The prices have firmly closed above the Ichimoku Bands with a long body candle highlighting the bullish interest. With volumes picking up supported by an increasing momentum can be a potential buy candidate. Key metrics : P/E: 4.12, 52-week high: ₹ 179.05, volume: 306.31K.
Technical analysis : Support at ₹ 135, resistance at ₹ 155.
Support at 135, resistance at 155. Risk factors : Reliance on syllabus changes for publication revenue, geographical concentration in Maharashtra and Gujarat, and competition in the stationery market.
Reliance on syllabus changes for publication revenue, geographical concentration in Maharashtra and Gujarat, and competition in the stationery market. Buy at : CMP and dips to 140.
CMP and dips to 140. Target price : ₹ 165-170 in 1 months.
165-170 in 1 months. Stop loss: ₹ 135.
Stock market today - 14 July
Indian equities extended their losing streak for a fourth straight session on 14 July, with the Nifty slipping below the 25,100 mark amid broad-based selling pressure. The Sensex closed down 247.01 points (0.30%) at 82,253.46, while the Nifty fell 67.55 points (0.27%) to settle at 25,082.30.
Market breadth was nearly evenly split, with 1,991 stocks advancing, 2,020 declining, and 151 ending unchanged.
Financial and technology stocks led the losses on the Nifty, with Jio Financial, Bajaj Finance, Tech Mahindra, Wipro, and Asian Paints coming under pressure. On the other hand, defensives and value-oriented stocks outperformed, with Eternal, Titan Company, IndusInd Bank, ONGC, and SBI Life Insurance topping the gainers list.
Sectorally, performance was mixed. The Nifty IT index dropped 1%, while pharma, consumer durables, media, realty, and PSU bank indices rose between 0.5% and 1%. The broader market fared better, with the BSE Midcap and Smallcap indices each gaining 0.5%.
With benchmarks struggling to regain upward momentum, investors now await fresh triggers to provide direction.
Trading outlook
Broader indices struggled to absorb the profit booking that surfaced at the start of the week, with markets continuing to drag despite intermittent rebounds. A brief recovery, driven in part by uncertainty around Trump’s next move, failed to sustain, as the underlying momentum remained weak. Every attempt to push indices into positive territory was met with selling pressure, repeatedly testing bullish conviction.
Volatility remains elevated, making it difficult to form a clear directional bias and leaving markets jittery. Trends remained uncertain, although Bank Nifty showed early signs of upward traction toward the close, lending some support to sentiment. However, the broader upmove lacked conviction.
View Full Image (Source: TradingView)
Earnings season has yet to deliver strong positive surprises, adding to the cautious tone. In an environment driven by ad hoc triggers, markets are likely to remain range-bound and reactive in the near term.
Volatility is now an embedded feature of the current market landscape, keeping sentiment fragile. Risk management remains crucial, given the heightened uncertainty. Global cues continue to exert a strong influence on domestic markets, with the ongoing Trump tariff saga contributing to the churn. In the absence of clear catalysts, the Nifty is likely to oscillate in a range of 25,000 to 25,500 in the coming sessions.