July 10, 2025: Top Stock Picks to Watch as Analysts Forecast Bullish Momentum in Nifty and Bank Nifty

As Indian equity markets continue to demonstrate strength amid global volatility, top analysts have identified a set of high-potential stocks for July 10, 2025, citing strong technical patterns, sectoral tailwinds, and favorable earnings forecasts. Among the most talked-about picks are Voltas, Motherson, and JK Tyre, each showing promising signals across both fundamental and technical parameters.

With Nifty 50 and Bank Nifty showing signs of breaking out of recent consolidation zones, investors are watching for medium-term opportunities that could deliver strong returns in the upcoming weeks.

Market Context: Nifty and Bank Nifty Set for Breakout

The Nifty 50 index closed marginally higher on July 9 at 24,145.60, while the Bank Nifty hovered around 52,300, maintaining its bullish bias amid strong institutional flows and robust Q1FY26 earnings guidance from key financial names. Analysts at HDFC Securities and ICICI Direct suggest that the indices are now poised for a breakout if broader sentiment remains supported by declining crude prices, stable global cues, and consistent domestic buying.

"We expect a decisive move toward the 24,400 mark for Nifty and above 53,000 for Bank Nifty in the coming days," said Ruchit Jain, Lead Technical Analyst at 5paisa Capital.

Top Stock Picks for July 10, 2025

1. Voltas Ltd (NSE: VOLTAS)

• Current Price: ₹1,085

• Target: ₹1,150

• Stop-Loss: ₹1,040

• Rationale:
  Voltas, the Tata Group’s air conditioning and engineering major, is benefiting from robust summer demand, improved order inflows in its electromechanical segment, and margin recovery. With strong support at ₹1,040 and RSI trending upwards, analysts expect a quick rally.

Fundamentally, Voltas reported a 13.8% YoY rise in Q4FY25 consolidated profit. Analysts at Motilal Oswal Financial Services recommend accumulation for long-term investors aiming at consumer durables exposure.

2. Motherson Sumi Wiring India Ltd (NSE: MSUMI)

• Current Price: ₹81.40

• Target: ₹88

• Stop-Loss: ₹78

• Rationale:
  Motherson remains one of the top bets in the auto ancillary space due to its global footprint and improving EV-related order book. Technical indicators suggest a fresh upward momentum with a strong breakout above ₹80.

The company recently announced a major supply contract with a European EV manufacturer, which according to Bloomberg Quint, could improve revenue visibility over the next two quarters.

3. JK Tyre & Industries Ltd (NSE: JKTYRE)

• Current Price: ₹319

• Target: ₹345

• Stop-Loss: ₹305

• Rationale:
  JK Tyre has emerged as a dark horse in the mid-cap auto space. Strong Q4 earnings, better price realization in the commercial tyre segment, and increasing exports have made this stock a favourite among technical traders.

The stock formed a bullish flag pattern on daily charts and is likely to test ₹345 in the short term. Moneycontrol noted a 25% increase in trading volumes over the last three sessions, indicating renewed investor interest.

Other Notable Mentions

4. ICICI Bank (NSE: ICICIBANK)

• Analysts are bullish on ICICI Bank, anticipating strong Q1FY26 earnings driven by retail loan growth and stable net interest margins (NIMs). Bank Nifty strength adds further tailwinds.

5. Tata Power (NSE: TATAPOWER)

• With increased capex in renewables and green hydrogen ventures, Tata Power remains a key long-term energy transition play.

6. Bharat Forge (NSE: BHARATFORG)

• The defence and heavy engineering major continues to attract buying interest, especially after fresh government orders for artillery and aerospace components.

Sectoral Outlook

• Banking: Riding high on strong credit growth, reduced provisioning, and healthy Q1 outlooks. Preferred names include HDFC Bank, ICICI Bank, and Axis Bank.

• Consumer Durables: Stocks like Voltas and Havells are seeing positive seasonal demand and earnings tailwinds.

• Auto and Ancillaries: Improved vehicle sales and export orders are helping stocks like Motherson and JK Tyre maintain momentum.

Technical View: What the Charts Indicate

• Nifty 50: Immediate resistance at 24,300. A close above this level could pave the way toward 24,500–24,700.

• Bank Nifty: Strong support at 51,800 with potential upside to 53,200 in the near term.

• Momentum Indicators: RSI for most picks remains in the 60–70 range, showing bullish strength without being overbought.

Investment Strategy for July 2025

Market experts recommend a cautiously optimistic approach for July. Investors are advised to stick to quality large caps and fundamentally sound midcaps while maintaining proper stop-loss levels to safeguard against sudden volatility. With the Q1 results season underway, earnings guidance and management commentary will heavily influence price action in the coming weeks.

“This is a stock-picker's market. Investors with a 3-6 month horizon can find solid returns in select names showing strong price-volume action and clear earnings growth,” says Vinay Khattar, Head of Research at Edelweiss Broking.