Stocks to Buy | Top Trading Ideas: Cipla & Maruti for near-term rally
Rajesh Palviya, in an interview with ET Now, said that Nifty is expected to remain in the range of 24,800–25,000 over the next few days.
Rajesh Palviya notes that as we enter the August series expiry week, the 25,000–25,200 range is expected to act as a major supply zone. If Nifty sustains above 24,800, some consolidation is likely. A breakout above 25,000 may trigger short-covering, but until then, he expects the market to trade in a range-bound pattern.
Rajesh Palviya highlights that key support for Nifty is at 24,800, coinciding with both the 20-day and 100-day moving averages. Bank Nifty, on the other hand, is structurally weaker. It has slipped below important support zones, including the 20-, 50-, and 100-day moving averages, and shows a short build-up in derivatives. Unless Bank Nifty crosses 55,500, he expects further downside toward 54,800–54,700.
Rajesh Palviya observes that the auto sector recorded its biggest weekly gain since May 2025. Factors supporting this rally include the expected GST rate cut on two-wheelers, strong festive season demand, easing inventory issues through discounts, stable raw material prices, and falling global uncertainty supporting exports. Overall, sentiment in the auto and auto ancillary space remains positive.
Hero MotoCorp and Bajaj Auto have shown strong momentum after breakouts on both daily and weekly charts. For Bajaj Auto, he targets 8,900–9,000 with a stop loss at 8,450, while Hero MotoCorp’s target is 5,500 with a stop loss of 4,750–4,800. Both stocks remain attractive for near-term momentum plays.
Maruti has broken out on long-term charts, and any minor decline should be seen as a buying opportunity. Mahindra & Mahindra and Ashok Leyland are also showing good traction, with Ashok Leyland near its all-time high and Mahindra & Mahindra around record levels. The four-wheeler segment continues to show strength, supporting potential gains in the coming week.
Cipla has broken out on the weekly chart after three to four months of consolidation. The stock is holding strength week-on-week, and upward momentum is expected to continue. Rajesh Palviya sets the target at 1,650, with a stop loss at 1,560, suggesting traders can consider buying for short-term gains.
Maruti has broken out on both monthly and weekly charts, forming a clear contracting triangle pattern. Short covering has started, and another leg of the rally is possible ahead of expiry. He sets the target at 14,800–15,000, with a stop loss at 14,170, recommending a buy-and-accumulate strategy.
Nifty is expected to remain range-bound between 24,800 and 25,000 until expiry. Bank Nifty looks weaker, with 55,500 as the crucial breakout level. The auto sector continues to show strength in both two- and four-wheeler stocks. Cipla and Maruti stand out as attractive trading ideas for the coming week.
