Share Market Today: Late Selling Drags Nifty Below 24400; Choice Broking Names 3 Bullish Stocks for 8% Gains:
The four-day winning streak of the Indian stock market ground to a sudden halt on Tuesday, July 7, 2026, as intense profit-booking wiped out early intraday gains. Benchmarks Sensex and Nifty 50 spent most of the trading session cruising in positive territory, but a sudden wave of institutional selling in the final hours dragged the indices down into negative territory.
Market Overview: Intraday Momentum Evaporates in Final Hour
The BSE Sensex shed 104 points to lock at 78,180.72, while the broader NSE Nifty 50 slipped 32 points lower to close at 24,398.70, breaking below the crucial psychological support level of 24,400. Market experts noted that while the primary long-term market setup remains structurally intact, defensive consolidation is taking place at these structural resistance zones. Despite the broader market correction, top brokerage houses see a massive accumulation pattern building up in high-momentum small-cap and mid-cap spaces.
Choice Broking Structural Picks: Technical Setups Guaranteeing 8% Returns
Amid the evening market cool-off, technical analysts at prominent domestic brokerage firm Choice Broking identified three high-performing equity counters showing strong breakout patterns. The firm issued definitive “Buy” signals for SPAL, BLISSGVS, and JAYBARMARU, forecasting short-term upside returns exceeding 8%. However, market specialists strongly advise traders to adhere strictly to the calculated stop-loss levels to mitigate downside risk.
S P Apparels (SPAL): Trading Near Historic Highs
S P Apparels is showing massive underlying technical strength, closing the July 7 session at ₹1,158.00 with a strong daily gain of 4.89%. Choice Broking recommends initiating fresh buy positions around ₹1,151, setting a target price of ₹1,250 while placing a protective stop-loss at ₹1,080. The textile stock is currently hovering right near its all-time high zone and is maintaining a structurally sound positioning comfortably above all its major exponential moving averages (EMAs). A strong Relative Strength Index (RSI) further points toward extended bullish momentum in the coming sessions.
Bliss GVS Pharma (BLISSGVS): Renewed Accumulation After Profit-Booking
Bliss GVS Pharma demonstrated resilient buying action, ending the day at ₹507.00, marked by a 3.38% upward move. The brokerage has advised market participants to lock in entry points at ₹512, targeting an upside level of ₹555 with a defined risk stop-loss anchored at ₹477. After undergoing a brief spell of healthy profit-booking, the pharma stock has successfully found local support and attracted fresh institutional volumes. The stock continues to trade well above key moving averages, signaling a strong potential for a structural macro breakout.
Jay Bharat Maruti (JAYBARMARU): High-Volume Momentum Eyeing Record Peaks
Automotive component maker Jay Bharat Maruti emerged as a stellar performer on Tuesday, rallying 5.00% to hit a closing tick of ₹189.12. Analysts have established a recommended entry point at ₹187.6, setting a short-term target price of ₹204 and a vital trailing stop-loss at ₹175. The stock is continuously charting fresh territory by making a textbook sequence of higher highs and higher lows on daily charts. Backed by solid accumulation volumes, technical experts believe that as long as JAYBARMARU holds its line above the ₹175 pivot, the stock is poised for an immediate run towards its upside target.
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