Bajaj Broking Recommends Manappuram Finance, Dabur India; Nifty Eyes Support Zone

Bajaj Broking Research has released its stock recommendations and market outlook for November 7, 2025. The firm suggests buying Manappuram Finance in the range of ₹270.00-₹275.00, with a target of ₹297 and a stop loss of ₹258, expecting a 9% return within one month. The rationale is the stock's steady uptrend and channelled up move.

For Dabur India, the recommendation is to buy in the ₹515-₹525 range, targeting ₹567 with a stop loss of ₹492, also anticipating a 9% return in a month. This is based on the stock's positive momentum post-quarterly results and its position above short- and medium-term averages.

Regarding the broader market, Bajaj Broking notes that benchmark indices have seen corrective consolidation for three weeks, influenced by trade negotiations. However, India's economic fundamentals remain strong. The Nifty index is approaching a crucial support zone between 25,500 and 25,300, seen as a healthy consolidation rather than a reversal, and investors are advised to accumulate quality large-cap and sectoral leaders. The Bank Nifty is also consolidating, with an outlook remaining positive, and PSU banking stocks are expected to continue their outperformance.

Impact: This news is highly relevant for Indian stock market investors. The specific stock recommendations can directly influence trading decisions for Manappuram Finance and Dabur India, potentially leading to price movements. The analysis of Nifty and Bank Nifty provides crucial insights into the broader market sentiment, support and resistance levels, and strategic investment approaches. This information helps investors make informed decisions about asset allocation, entry and exit points, and risk management. The recommendations and index views from a recognized brokerage firm like Bajaj Broking carry significant weight and can impact market sentiment and trading volumes for the mentioned stocks and indices. Rating: 8/10

Explanation of Difficult Terms: * **Corrective consolidation**: A period where a stock or index price moves sideways or slightly downwards after a significant upward or downward trend, often to correct overbought or oversold conditions before resuming the main trend. * **Stochastic oscillator**: A momentum indicator that compares a particular closing price of a security to a range of its prices over a certain period. It is used to generate overbought and oversold trading signals. * **Fibonacci retracement**: A technical analysis tool used to identify potential support and resistance levels based on the Fibonacci sequence. It helps predict how far a price might pull back before resuming its trend. * **Exponential Moving Average (EMA)**: A type of moving average that places a greater weight and significance on the most recent data points. It reacts more quickly to price changes than a simple moving average. * **Constructive trend**: An upward trend in the market or stock price that is considered healthy and likely to continue, often characterized by higher highs and higher lows. * **Higher high and higher low**: A pattern in price charting that indicates an uptrend. Each new peak is higher than the previous peak, and each new trough is higher than the previous trough. * **Channel**: A pattern in technical analysis where the price moves between two parallel trendlines, indicating a period of consolidation or trend continuation. * **Confluence**: When two or more technical indicators or chart patterns align at the same price level, suggesting a stronger signal for support, resistance, or a trading opportunity. * **RSI (Relative Strength Index)**: A momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is typically used to identify overbought or oversold conditions. * **Trendline**: A line drawn on a stock chart connecting a series of prices that indicates a trend. A support trendline connects a series of higher lows, and a resistance trendline connects a series of lower highs.