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Top stocks to buy today: Stock recommendations for June 13, 2025

Top stocks to buy today: Stock recommendations for June 13, 2025

Time of India13-06-2025

Stock market recommendations:
According to Bajaj Broking Research, Sterling and Wilson Renewable Energy, and Prince Pipes and Fittings are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for June 13, 2025:
Index View: Nifty
Nifty traded in a 170 points range in the first three sessions of the current week.
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However, sharp decline in Thursday's session saw the index breach the 25,000 levels on the weekly expiry session and closed at 24888 levels.
The Nifty has strong support in the range of 24,600–24,700 zone, which coincides with the confluence of the 20-day EMA and the rising trendline connecting the previous two significant swing lows. Sustaining above this support band would likely set the stage for a continuation of the uptrend towards immediate resistance levels at 25,300 and 25,500 in the near term.
Importantly, the index has posted an impressive 16% rally from its April lows. Following this, it underwent a healthy consolidation phase with a mild 3% retracement before resuming its upward trajectory. This pattern of extended rallies followed by shallow corrections is characteristic of a structurally strong bull market, suggesting the potential for further upside. Any intermediate dips from current levels should be viewed as incremental buying opportunities.
Market internals continue to exhibit strength, particularly in the broader indices. Outperformance is evident in the relative strength ratio of the Nifty 500 versus the Nifty 100, which has been on a steady upward trajectory. Furthermore, market breadth remains robust, with approximately 62% of stocks within the Nifty Midcap 100 and Nifty Small cap 100 trading above their 200-day Simple Moving Averages—a technical indicator that bodes well for the sustainability and depth of the ongoing uptrend.
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NIFTY BANK
Bank Nifty post breakdown above the recent 5 weeks broader consolidation range (56,000-53,500) on last Friday has rallied to a fresh all time high of 57049 on Monday's session. However, profit booking at higher levels saw the index gave up its gains and closed Thursday session around 56082 levels.
The index is currently trading above its short- and long-term moving averages signaling overall positive bias.
The last four sessions profit booking have helped the index to cool off the overbought condition. We expect the index to hold above the support area of 55,200-55,500 and head higher towards 57,000 and 57,700 levels in the coming weeks.
Stock Recommendations:
Sterling and Wilson Renewable Energy (SWSOLAR)
Buy in the range of Rs 325-331
Target
SL
Return
Time Period
Rs 363
309
10%
3 Months
The stock is seen breaking above the last two months consolidation pattern with strong volume signaling resumption of up move and offers fresh entry opportunity.
The daily 14 periods RSI is in up trend and is seen sustaining above its nine periods average thus validating positive bias. We expect the stock to head towards 363 levels being the 138.2% external retracement of the previous decline (333-244).
Prince Pipes and Fittings
Buy in the range of Rs 345-352
Target
SL
Return
Time Period
Rs 383
328
10%
3 Months
The stock has recently generated a breakout above a bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.
The daily MACD is in uptrend and is seen sustaining above its nine periods average signaling positive bias. We expect the stock to head towards 383 levels in the coming weeks being the presence of the 200 days EMA.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.

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