Stock market today: Trade setup for Nifty 50 to Israel-Iran conflict; 8 stocks to buy or sell on Monday — 16 June 2025
Stock Market Today: The benchmark Nifty-50 index, during the week ended 13 June 2025, ended slightly over 1% lower at 24,718. The Bank Nifty, too, shed 1.8% to end at 55,527.35, while realty, FMCG, metals, and auto also saw profit booking, though IT and pharma were among some gainers. In the broader markets, mid- and small-caps also ended more than 1% lower.
As long as the MNifty-50 Index remains below 24,850, weak sentiment is likely to continue and could retest the level of 24,500. A breach of 24,500 could accelerate selling pressure, and the index could slip to 24,300, said Amol Athawale, VP-Technical Research, Kotak Securities.
For Bank Nifty, the key support zone is between 55,000 and 55,200, added Athawale.
Looking ahead, markets are likely to remain volatile amid ongoing geopolitical uncertainty and crucial central bank meetings. The U.S. Federal Reserve's upcoming policy decision will be closely tracked, as market participants look for clarity on the timing and magnitude of potential rate cuts, especially in light of mixed economic signals, said Ajit Mishra, SVP, Research, Religare Broking Ltd.
Domestically, the focus will remain on the progress of the monsoon, crude oil price trends, WPI inflation data, and FII activity, added Mishra.
Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager, Technical Research at Prabhudas Lilladher, has given three stock picks.
These include RPG Life Sciences Ltd., Goodluck India Ltd, Steel Authority of India Ltd., State Bank of India, Hindustan Aeronautics Ltd. (HAL), Paras Defence and Space Technologies Ltd., Apollo Micro Systems Ltd., and Tilaknagar Industries Ltd.
1. RPG Life Sciences Ltd.—Bagadia recommends buying RPG Life Sciences, or RPGLIFE, at around ₹ 2341.5, keeping Stoploss at ₹ 2250 for a target price of ₹ 2500
RPGLIFE, which is currently trading at 2341.5, exhibits a strong uptrend, supported by its consistent position above key exponential moving averages (EMAs). Recent price action indicates a consolidation phase and shows strong signs of an impending breakout from its consolidation phase. The technical indicators are aligning for a potential fresh upside rally. The descending trend line drawn from its earlier swing high in October 2023 has acted as a dynamic resistance zone. Today's price action marks a decisive breakout above this trend line, which could indicate a fresh bullish momentum.
2. Goodluck India Ltd.—Bagadia recommends Buying Goodluck India, or GOODLUCK, at around ₹ 997.5, keeping stop-loss at ₹ 960 for a target price of ₹ 1070
GOODLUCK is currently trading at 997.5, exhibits a strong uptrend and bullish breakout on the daily chart, and is supported by its consistent position above key exponential moving averages (EMAs). Technically, GOODLUCK is forming a strong bullish engulfing pattern on the daily chart. The price structure indicates strong institutional interest and suggests further upside potential in the coming sessions. Recent price action indicates a consolidation phase following a notable rally, with the stock maintaining levels near the 20-day EMA.
3. Steel Authority of India Ltd.—Dongre recommends buying Steel Authority of India Ltd., or SAIL, at around ₹ 128, keeping a stop loss at ₹ 124 for a target price of ₹ 138.
A short-term trend analysis of the stock reveals encouraging technical signals that suggest a potential bullish reversal. On the short-term chart, a prominent bullish engulfing candlestick pattern has emerged, signaling a shift in momentum from selling pressure to buying interest. Adding strength to this view, the Relative Strength Index (RSI) has recently entered the oversold zone, indicating that the stock may be poised for a rebound from current levels. This confluence of technical indicators increases the likelihood of a near-term price retracement.
4. State Bank of India—Dongre recommends buying State Bank of India (SBI) at around ₹ 793, keeping stop-loss at ₹ 782 for a target price of ₹ 815
In the recent short-term trend analysis, the stock has shown signs of a potential bullish retracement, supported by emerging technical indicators. A reversal pattern on the chart suggests the possibility of an upward move, with a near-term target around Rs.815.
The stock is currently trading at Rs.793, having established a strong support base at Rs.782. This level has held firm in recent sessions, underscoring its importance as a key demand zone.
5. Hindustan Aeronautics Ltd.—Dongre recommends buying Hindustan Aeronautics, or HAL, at around ₹ 5035, keeping stop-loss at ₹ 4950 for a target price of ₹ 5200.
A recent short-term analysis of the stock reveals the emergence of a bullish reversal pattern on the chart, indicating a possible near-term price rebound. This formation suggests the potential for a move towards the Rs.5200 level, supported by improving price action.
The stock is currently trading at Rs.5035 while holding above a key support zone at Rs.4950, which has acted as a reliable floor in recent sessions. This support level reinforces the bullish bias and provides a favorable base for a potential upward move.
6. Paras Defence and Space Technologies Ltd.—Koothupalakkal recommends buying PARAS DEFENCE at around ₹ 1618 for a target price of ₹ 1710, keeping stop loss at ₹ 1585.
The stock after the short period of consolidation has once again indicated a positive candle formation with significant volume participation to improve the bias, and we can anticipate a further rise in the coming sessions. The RSI has shown signs of reversal to anticipate a positive trend reversal, and with the chart setup looking attractive, we suggest buying the stock for an upside target of ₹ 1710 level, keeping the stop loss at the ₹ 1585 level.
7. Apollo Micro Systems Ltd.—Koothupalakkal recommends buying APOLLO MICRO SYSTEMS at around ₹ 193.70 for a target price of ₹ 210, keeping Stop loss: at ₹ 189
The stock has witnessed a short period of correction after the steep rise, with bias overall maintained strong and currently once again indicating a reversal with a higher bottom formation on the daily chart, which has improved the bias to anticipate further upward movement in the coming sessions. The RSI has corrected from the highly overbought zone, and one can expect further gains. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 210, keeping the stop loss at the ₹ 189 level.
8. Tilaknagar Industries Ltd.—Koothupalakkal recommends buying TILAKNAGAR INDS at around ₹ 371.50 for a target price of ₹ 395, keeping the stop loss at ₹ 364
The stock after the consolidation has indicated a bullish candle formation with huge volume participation visible to anticipate a further rise in the coming sessions. The RSI has cooled off from the overbought zone and is currently well placed, indicating a positive trend reversal to signal a buy, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart looking good, we suggest buying the stock for an upside target of 395 level, keeping the stop loss at 364 level.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
23 minutes ago
- Hans India
Strong demand, stable activity in economy
India's economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday. The report highlights that several positive trends are emerging on the domestic front, including higher GDP growth, easing inflation, and strong tax GDP grew by 7.4 per cent in the fourth quarter of FY25, which is the highest reading in the last four has remained below 4 per cent for four consecutive months, and GST collections have been rising steadily. These signs indicate strong demand and stable activity in the formal sector of the report also notes that India's policy environment is now moving in a unified direction. Fiscal, monetary, and regulatory policies are all aimed at maintaining growth increased tax exemption limits that came into effect from April 2025 are expected to improve disposable incomes and boost the same time, the government's capital expenditure continues to rise, supporting the investment the global front, the environment remains mixed. In April and May, markets faced worries over tariffs and geopolitical tensions. However, the situation improved with a delay in global tariff implementation and a ceasefire announcement between India and Pakistan. This improved global sentiment has helped global equity markets, with the MSCI World Index reaching record highs. Meanwhile, rising bond yields in Japan and China's shift towards gold show that global investors are moving away from US could become a concern as the US faces refinancing of $9 trillion in debt this a weaker Dollar Index could help emerging markets like India by attracting more foreign investments. In the Indian stock market, valuations have increased as earnings have not grown at the same Nifty-50's one-year forward valuation has risen above its long-term average, and mid and small-cap stocks continue to trade at a premium. This makes careful stock selection and active management more important for investors looking to generate higher returns, the report stated.
Time of India
an hour ago
- Time of India
Trump Step Back on Iran Pacifies Nervous Market
India's equity indices rebounded 1.3% on Friday, recouping losses made in the last three sessions on a relief rally sparked by US President Donald Trump putting on hold a plan that may have led to American involvement in the Israel-Iran conflict. The rebound helped the Sensex and Nifty erase all recent losses and notch up gains for the week. The Nifty closed above a key level at 25,112, up 1.3% or 319 points over Thursday's close. The BSE Sensex closed at 82,408, up 1.3% or 1,046 points. Both indices, which fell about 0.6% over the past three trading sessions, gained 1.6% for the week. 'In the past two to three days, there hasn't been any significant escalation in the Iran-Israel conflict that could choke global trade,' said Siddarth Bhamre, head of institutional research at Asit C Mehta Intermediates. 'Receding concerns prompted some buying interest in the markets.' Elsewhere in Asia, South Korea gained 1.5% while Hong Kong and Taiwan rose 1.3% and 0.2%, respectively. Japan ended 0.2% lower after the country's core inflation hit a two-year high, boosting the chance of interest rate increases. China declined 0.1%. Trump said he will decide on US participation in the Iran-Israel conflict in two weeks. This was seen as the US President taking a step back from recent remarks that indicated the US was likely to take military action against Iran. It came as a relief to markets that were nervous about the likelihood of a wider conflict. Back home, the Volatility Index ( VIX )—the market's fear gauge—fell 4.1% to 13.67 on Friday, indicating traders expect lower risks in the near term. All sectoral indices closed higher on Friday. The Nifty Realty gained 2.1%, and the PSU Bank Index rose 1.6%. The Bank Nifty moved 1.2% higher while private bank, auto and metal indices advanced over 1% each. 'Given that the benchmark was closing lower in the past three sessions and the fall in the broader market yesterday, a rebound was likely, which pushed the market higher,' said Vikas Jain, head of research at Reliance Securities. The benchmark Nifty is holding at the support level of 24,700 and is expected to test 25,200 in the next few weeks. The Nifty Mid-cap 150 and the Small-cap 250 indices rose 1.3% and 0.6%, respectively. In the past week, the mid-cap index shed 0.7% while the small-cap index fell 1.7%. Of the 4,094 shares traded on the BSE, 2,463 advanced, while 1,484 declined. Foreign portfolio investors (FPIs) bought shares worth a net Rs 7,941 crore on Friday. This included purchases by global passive funds on account of FTSE rebalancing and a Sensex rejig. Their domestic counterparts sold shares worth Rs 3,050 crore. In June, overseas investors bought shares worth Rs 7,060 crore. 'The markets have not delivered any meaningful gains so far this year, so index-based returns are expected to be sluggish. However, it is seen to be a stock-pickers market,' said Bhamre of Asit C Mehta. 'Investors should be wary of buying, and not chase stock at any value.' Bhamre said timewise consolidations are expected to continue, with bouts of buying and selling activity and Nifty is facing a hurdle at 25,100-25,200 levels. Even if it crosses this threshold, a big surge is not likely as gains might come off amid ongoing geopolitical tensions.
Time of India
6 hours ago
- Time of India
RBI guidelines for project finance, CRE: A smaller provisions hike's no big worry for banks, NBFCs
MUMBAI: Central bank guidelines on provisions for project finance and commercial real estate (CRE) might have only a small and negligible profitability impact on both banks and NBFCs , as the increase in immediate liabilities is less than a percentage point from those existing rules - even in the worst-case scenario. Financial and banking stocks surged on Friday. Bankers and analysts, who had pencilled in up to a 150-basis point impact on return on assets (RoAs) for lenders, now expect no new provisioning requirements as NBFCs are already on the more stringent Ind-AS accounting norms while for banks the impact is small. One basis point is 0.01 percentage point. Karthik Srinivasan , group head, financial sector ratings at ICRA said with no retrospective provisions and peak provisions much below the 5% proposed in the draft guidelines, there will be a minimal impact on lenders. "Although we are yet to create a hypothesis and do a study on the impact, it is nothing like the 150 basis points on RoA basis we had predicted earlier. We do not expect any real impact on banks or NBFCs," Srinivasan said. ICRA had earlier expected the annual impact on RoA at 100-150 bps for lenders, with funding costs going up by 20-40 bps. Both these issues will not arise as in the final guidelines general provisions required for CRE, CRE-RH (CRE-Residential Housing) and other infrastructure projects have been reduced to between 1% and 1.25% in the construction phase from a peak of 5% in the draft guidelines. Live Events Financials Surge The Nifty financial index surged 1.3%, and financial stocks were at the forefront of the stellar Nifty 50 rebound Friday from a sharp sell-off Thursday. HDFC Bank , the biggest lender by market value, climbed 1.44%, while Bajaj Housing Finance too climbed 1.4%. Provisions for projects in the operational phase have also been reduced to between 0.40% and 1%, with operational infrastructure project provisions kept at 0.40%, the same as it is currently. The new guidelines will come into force from October 1. Rajkiran Rai , managing director at infrastructure financier NaBFID, said the final guidelines limit his firm's provision increase to just 5 basis points. "If we were pricing a loan at 8%, now we will price it at 8.05%. This would have increased to 9.50% if the original guidelines had remained, so this is a big relief. The new norms also have clauses saying at least 50% to 75% of the land must be acquired for the loan to be sanctioned. This could delay loan sanctions but it will bring uniformity in application since different projects were so far treated differently on land acquisition," Rai said. For loans on infrastructure projects which have been delayed beyond three years from the date of commencement of commercial operations (DCCO), lenders have to make an additional provision of 0.375% and a 0.5625% provision on non-infrastructure project loans (including CRE and CRE-RH), for each quarter of deferment, over and above the applicable standard asset provision. "Provisioning requirement for projects beyond DCCO up to two years will go up to 4% vis-a-vis original guidelines where provision was only 0.4%," said an analyst. "Now, within DCCO, the first quarter itself will attract higher provision."
