Stock recommendations for 15 July from MarketSmith India

Indian equities snapped a three-day winning streak with Nifty 50 falling 0.66 percent to 24,052 and Sensex dropping 0.72 percent to 77,055, pressured by West Asia tensions, a 4 percent surge in Brent crude to $87 per barrel, June CPI inflation accelerating to 4.38 percent, and a widening trade deficit of $30.43 billion. MarketSmith India gave two buy calls with trendline breakout setups: Orchid Pharma at ₹1,044-1,060 with a target of ₹1,200 and stop loss at ₹990, and MCX at ₹2,862-2,905 with a target of ₹3,290 and stop loss at ₹2,700.