Stock market recommendations: Hero MotoCorp, Tata Steel are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 7, 2026. He also recommends buying Nippon India ETF Nifty IT (ITBEES).Hero MotoCorp: Rebound Expected from Long-Term Trendline SupportBuy: Rs 5,020–Rs 4,960 | Stop Loss: Rs 4,650 | Target: Rs 5,600Hero MotoCorp is currently consolidating near its long-term rising trendline, which has acted as a strong support zone over the past two years. Despite the recent correction, the stock continues to hold above this structural support, indicating that the broader uptrend remains intact. The current consolidation near support offers a favourable risk-reward setup for a medium-term recovery.The overall technical structure remains constructive as prices continue to hold around the Ichimoku Cloud, while the RSI has started to turn higher after a prolonged correction and crossed above its moving average, signalling improving momentum. A sustained move above the cloud could trigger fresh buying interest and pave the way for an advance towards Rs 5,600.Tata Steel: Hidden Bullish Divergence Signals RecoveryBuy: Rs 191–Rs 188 | Stop Loss: Rs 182 | Target: Rs 206Tata Steel has formed a hidden bullish divergence near its previous breakout zone, indicating that the broader uptrend remains intact despite the recent corrective phase. The stock is currently taking support around its 200-day Simple Moving Average (SMA), which also coincides with a crucial demand zone, enhancing the probability of a rebound.Momentum indicators are beginning to improve, with the MACD slipping into a deeply oversold zone, similar to the levels witnessed in January 2025, from where the stock witnessed a sharp recovery. This confluence of technical support and improving momentum suggests that the stock could attract fresh buying interest and move towards Rs 206 over the medium term.ITBEES: Recovery Setup Emerging Near Long-Term SupportBuy: Rs 30.90–Rs 30.00 | Stop Loss: Rs 28 | Target: Rs 36Nippon India ETF Nifty IT (ITBEES) is trading near a strong long-term support zone of Rs 30.00–Rs 30.90, which has historically acted as a key demand area. Following a sharp correction from its highs, the ETF is showing signs of base formation near this support, indicating that selling pressure is gradually subsiding.The broader technical setup is showing early signs of improvement, with the RSI rebounding from the oversold zone near 30, suggesting improving momentum and a positive divergence. The ETF is also stabilising near the lower end of the Ichimoku Cloud, and a sustained move above the cloud could confirm a trend reversal, opening the door for a recovery towards Rs 36.Stock market round-up of July 6, 2026 sessionBenchmark equity indices BSE Sensex and Nifty ended marginally lower on Tuesday as late-session profit booking erased early gains amid weak cues from Asian markets.After opening on a firm note, the 30-share BSE Sensex surrendered its gains to settle 104.35 points, or 0.13%, lower at 78,180.72. During the session, the index had climbed as much as 379.85 points, or 0.48%, to touch 78,664.92. The NSE Nifty also closed 31.65 points, or 0.13%, lower at 24,398.70. The decline came after both benchmark indices had rallied more than 2% over the previous four sessions, ending Monday at their highest levels in over two months.Among the Sensex constituents, Trent was the biggest loser, plunging 12.42% after its June-quarter revenue growth fell short of market expectations. Other major laggards included Adani Ports, Bharat Electronics, Larsen & Toubro, Reliance Industries and ICICI Bank.Losses in the benchmark indices were partly offset by strength in information technology stocks. HCL Technologies rose 3.08% ahead of its quarterly earnings announcement, while Tech Mahindra, Infosys and Tata Consultancy Services also advanced. TCS is scheduled to report its June-quarter results on Thursday, marking the beginning of the earnings season for the Indian IT sector.Titan climbed 2.62% after reporting a 41% year-on-year increase in June-quarter revenue, supported by strong performance across its jewellery, watches and eyewear businesses. Eternal also gained 2.12%(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
