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Stock market recommendations:According to Bajaj Broking Research, the top stock picks for November 7, 2025 are Manappuram Finance, and Dabur India. Here’s its view on Nifty and Bank Nifty:Index View: NIFTYBenchmark indices extended its corrective consolidation for the third week in a row.
Investors stayed on the sidelines, tracking developments on US–China and US–India trade negotiations. India’s economic fundamentals stayed strong, supported by a robust manufacturing & service PMI and steady GST collections, indicating healthy growth momentum in the economy.Over the past ten trading sessions, the Nifty has undergone a corrective retracement of approximately 600 points, effectively unwinding the overbought readings that had emerged on the daily stochastic oscillator following a sharp 1,500-point rally over the preceding four weeks.
This measured pullback should be viewed as a healthy consolidation within the broader uptrend rather than the onset of a major reversal.
We recommend utilizing this phase as an opportunity to accumulate quality large-cap and sectoral leaders in a staggered manner, keeping a short- to medium-term investment horizon.Technically, the index is now approaching a crucial demand zone between 25,500 and 25,300, which is expected to act as a strong support base. This zone coincides with multiple technical confluences:
- The recent breakout region, which previously acted as a resistance and now is likely to provide support.
- The 50% Fibonacci retracement of the preceding upswing from 24,587 to 26,104, indicating a potential mean-reversion zone.
- The 50-day Exponential Moving Average (EMA), currently placed near the 25,325 mark, further reinforcing the area’s significance as a near-term floor for the index.
From a price structure perspective, the medium-term trend remains constructive as long as the index sustains above this pivotal support band.
A decisive formation of a higher high and higher low will signal a pause in the current decline and open pullback towards immediate resistance of 25,850. Beyond this, the 26,100 level, which represents the twin highs of the past two weeks, would serve as the next key resistance and potential trigger for a renewed leg higher.NIFTY BANK
- Bank Nifty continues to consolidate in a range for the third week in a row after hitting an all-time high of 58577.
- Going ahead, index to extend consolidation of the last two weeks in the range of 57300-58500 thus forming base after the next leg of up move.
- A close below 57300 will open downside towards the key support area of 56,800–56,500. On the higher key resistance is placed at recent all time high of 58,577. A move above the same will open further upside towards 59,000 being the 138.2% Fibonacci projection of the recent correction (57,628–53,561).
- Overall, the outlook remains positive, and current pullbacks should be viewed as buying opportunities within these support areas. PSU Banking stocks to extend the recent outperformance
Stock Recommendations:
Manappuram FinanceBuy in the range of Rs 270.00-275.00
| Target | Stop loss | Return | Time Period |
| Rs 297 | 258 | 9% | 1 Month |
The stock remains in steady up trend forming higher high and higher low in the long-term chart.
The entire up move of CY25 is well channelled signaling sustained demand at elevated levels.The stock has strong support at 260-258 levels being the confluence of the key retracement and 144 days EMA.We expect the stock to head towards the recent all time high placed at 298 in the coming month. Dabur IndiaBuy in the range of Rs 515-525.00
| Target | Stop loss | Return | Time Period |
| Rs 567 | 492 | 9% | 1 Month |
The stock has witnessed a steady pullback post its quarterly numbers and is currently placed above its short- and medium-term averages. We expect the stock to extend its current pullback and head towards 567 levels in the coming month being the trendline resistance joining recent highs.Immediate support is placed at 500-490 levels being the confluence of key retracement and trendline support joining recent lows. The daily 14 periods RSI is in buy mode thus supports the positive bias. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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