With 14% avg returns, Sensex could hit 300K in 10 yrs: Vaibhav Sanghavi

Vaibhav Sanghavi said that India would be one of the very few countries that will do very well in a global environment where almost all countries will be struggling for reasonable growth
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It has been a volatile calendar year 2025 for the markets thus far. Vaibhav Sanghavi, chief executive officer at ASK Hedge Solutions, tells Puneet Wadhwa over a telephone conversation that India would be one of the very few countries that will do very well in a global environment where almost all countries will be struggling for reasonable growth. Edited excerpts:
Do you expect the markets to trade sideways over the next few months in the absence of triggers? What probability do you attach to the Nifty ending closer to the 20,000 mark by the end of December 2025?
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — 23 June 2025

Buy or sell stocks: The Indian stock market broke its three-day losing streak, buoyed by robust Asian market performance and advancing US futures. The Nifty 50 index finished 319 points higher at 25,112, the BSE Sensex surged 1,046 points and closed at 82,408, while the Bank Nifty index shot up 675 points and closed at 56,252. Trent, Jio Finance, and M&M emerged as top performers on the Nifty. Conversely, Hero Moto Corp, Dr Reddy's, and Maruti concluded the session as major losers of the Nifty. Trading volumes on the NSE cash market were higher by 76% on the back of Sensex and FTSE rebalancing-related trades. The buying frenzy was broad-based, with all sectoral indices ending in the green. Amongst them, Realty, PSU Banks, Metal, and Auto sectors were the significant outperformers, leading the charge from the front. All major sectoral indices ended in the green, indicating widespread optimism. Notable gains were seen in Metal, PSU Bank, Realty, Power, Telecom, and Capital Goods, with each sectoral index rising between 1 per cent and 2 per cent. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has improved as the Nifty 50 index has decisively closed above 25,000. The Prabhudas Lilladher expert said the bias might turn bullish once the key benchmark index decisively breaks above the 25,200 to 25,250 hurdle. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed a strong move during the session to move past the 25,000 zone decisively on the back of easing out of the geo-political tensions temporarily as of now, with strong recovery visible across the board. The index would have the near-term hurdle at the 25,200-25,250 zone, above which one can expect fresh upward to retest the previous peak zone at 26,277 levels in the coming days. At the same time, the 24,700 level would be the crucial near-term support that needs to be sustained to maintain the bias intact." "The Bank Nifty index bounced back once again to move past the hurdle of the 56,000 zone with bias improving and expecting further rise in the coming days with sentiments expected to ease out for the next coming sessions and would need to breach above the near-term resistance zone at the 57,000 level to strengthen the trend further. On the downside, the 55,000 zone would be the important near-term support that needs to be sustained now," said Parekh. Parekh said that today, support for the Nifty is at 25,000, while resistance is at 25,300. The Bank Nifty will have a daily range of 55,700 to 57,000. Regarding stocks to buy today, Vaishali Parekh recommended three buy or sell stocks: Yes Bank, Jio Financial Services, and Persistent Systems. 1] Yes Bank: Buy at ₹ 19.70, Target ₹ 21, Stop Loss ₹ 19; 2] Jio Financial Services: Buy at ₹ 292, Target ₹ 303, Stop Loss ₹ 288; and 3] Persistent Systems: Buy at ₹ 6100, Target ₹ 6500, Stop Loss ₹ 5800. 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.

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Nifty 50, Sensex today: What to expect from Indian stock market in trade on June 23 after US bombs Iran's nuclear sites

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a negative note on Monday, following mixed sentiment in global markets. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,986 level, a discount of 125.7 points from the Nifty futures' previous close. Global market cues remain weak on escalation of Israel-Iran after US dropped a 'payload of bombs' on three nuclear sites in Iran, thereby joining the Middle East crisis. In response to US military strikes, Iran's Supreme National Security Council is reportedly weighing a decision to close the Strait of Hormuz, a vital global energy chokepoint. On Friday, the domestic equity market ended with sharp gains, with the benchmark Nifty 50 closing above the 25,100 level. The Sensex jumped 1,046.30 points, or 1.29%, to close at 82,408.17, while the Nifty 50 settled 319.15 points, or 1.29%, higher at 25,112.40. Here's what to expect from Nifty 50 and Bank Nifty today: In the derivatives segment, the highest Call Open Interest (OI) is concentrated at the 25,200 and 25,300 strike levels, suggesting strong resistance around these zones. On the downside, the highest Put Open Interest is observed at the 25,000 and 24,800 strikes, indicating strong support and traders' confidence in defending these levels, said Choice Broking. This setup suggests a likely range-bound movement in the near term, with a positive bias as long as the index holds above the key support levels. Nifty 50 finally witnessed an excellent breakout on June 20 and closed the day higher by 319 points. 'A long bull candle was formed on the daily chart after the formation of narrow range movement on the downside in the last three sessions. This market action is indicating a decisive upside breakout of choppy movement. Nifty 50, on the weekly chart, formed a long bull candle after a sharp weakness of last week and is placed at the upper end of broader high low range. This is a positive indication,' said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. According to him, the underlying trend of Nifty 50 is positive, and the next upside level to be watched is around 25,250. 'A decisive breakout of the range could pull Nifty 50 towards the next upside target of 25,650 in the near term. Any consolidation or minor dips down to the immediate support of 24,900 could be a buy-on-dips opportunity,' Shetti said. Om Mehra, Technical Research Analyst, SAMCO Securities, highlighted that the Nifty 50 formed a robust bullish candle on the daily chart. 'Nifty 50 has broken above a declining trendline, which adds further strength to the ongoing bullish momentum. Nifty has also reclaimed both the 9-day and 20-day EMAs, signalling a resumption of the uptrend. The daily RSI, which had been consolidating around the neutral 50 zone, has now turned upward and is placed at 58, indicating improving momentum,' said Om Mehra. On the hourly chart, the formation of higher highs confirms short-term strength and a potential continuation of the upward trajectory. The support levels are placed at 25,000, followed by 24,950, while the resistances are seen at 25,225 and 25,280, he added. According to VLA Ambala, Co-Founder of Stock Market Today, Nifty 50 formed a bullish Marubozu on the daily time frame and a bullish Sandwich and a bullish Marubozu on the weekly time frame. 'We can expect Nifty 50 to gather support between 25,000 and 24,950 and meet resistance between 25,260 and 25,300 in the upcoming intraday trading sessions,' Ambala said. Bank Nifty index rallied 675.40 points, or 1.22%, to close at 56,252.85, forming a strong bullish candle in the daily chart. 'Bank Nifty gained 1.31% last week, rebounding from the prior week's decline and closing firmly above both the 21-day and 55-day EMAs — indicating renewed short-term strength. RSI stands at 64, reflecting bullish momentum. Gains were further supported by the RBI's relaxation in project financing norms, which lifted sentiment in financial stocks. The index is holding well above the crucial 56,000 support; below this, 55,400 is the next level to watch,' said Puneet Singhania, Director at Master Trust Group. On the upside, he believes 56,500 remains the key resistance — breakout above it could lead to a rally toward 57,100. Traders should watch for price action near support zones for potential entry opportunities. Bajaj Broking Research said that the Bank Nifty formed a bull candle with a higher high and higher low and a firm closing above the 56,000 levels. 'We expect the index to maintain positive bias and head towards 56,700 and 57,400 levels in the coming weeks. The immediate bias remains positive above 55,500 levels. The daily 14 periods RSI has generated a buy signal thus validates positive bias in the index,' said Bajaj Broking Research. 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.

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Stock market today: Trade setup for Nifty 50, global markets to Israel-Iran news; eight stocks to buy or sell on Monday

Stock Market Today: The benchmark Nifty-50 Index, for the week ended 20 June, ended more than 1% higher at 25,112.40 week on week. The Bank Nifty followed suit, also ending with 1.2% gains, at 56,252.85, while the IT index also stood among gainers, though metals and pharma were among key losers. Among the broader indices, the mid- and small-caps ended up to 1% lower. The Nifty has once again approached the upper band of its consolidation range. A sustained move above the 25,200 level would confirm a breakout, potentially opening the door for a rally toward the 25,600–25,800 zone. On the downside, 24,700 and 24,400 will serve as immediate and crucial support levels, as per Ajit Mishra, SVP, Research, Religare Broking Ltd. Bank Nifty reclaimed levels above the 56,000 mark and could now gradually advance toward the 57,000 and 58,200 levels, added Mishra. 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These include KFin Technologies Ltd., Go Digit General Insurance Ltd., HDFC Bank Ltd., Tata Motors Ltd., National Aluminium Company Ltd, Welspun Corp Ltd., Torrent Power Ltd., and Ideaforge Technology Ltd. KFin Technologies Ltd - Bagadia recommends buying KFINTECH at around ₹ 1278.4, keeping stop-loss at ₹ 1230 for a target price of ₹ 1360 KFINTECH, which is currently trading at 1278.4, exhibits a near retest of recent swing highs and signals bullish continuation following a brief consolidation on the daily chart, supported by its consistent position above key exponential moving averages (EMAs). Recent price action indicates the stock maintaining levels near the 20-day EMA. The reclaim of the 20-day EMA is especially noteworthy, as it often signifies a shift from bearish to bullish sentiment. 2. Go Digit General Insurance Ltd.—Bagadia recommends buying in GODIGIT at around ₹ 356.2, keeping Stoploss at ₹ 344, with a target price of ₹ 380 GODIGIT is currently trading at 356.2, exhibits a strong uptrend and bullish breakout on the daily chart, supported by its consistent position above key exponential moving averages (EMAs). Technically, GODIGIT 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. 3. HDFC Bank Ltd.—Dongre recommends buying HDFC BANK at around ₹ 1360, keeping stop-loss at ₹ 1320 for a target price of ₹ 1410. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1360 and maintaining strong support at ₹ 1320. The technical setup indicates the potential for a price retracement towards the ₹ 1400 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1320 offers a prudent approach. HDFC Bank Ltd. is close to capturing the anticipated upside. 4. Tata Motors Ltd.—Dongre recommends buying TATAMOTORS at around ₹ 676 with a stop loss of ₹ 655 for a target price of ₹ 700. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 676 and maintaining strong support at ₹ 655. The technical setup indicates the potential for a price retracement towards the ₹ 700 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 655 offers a prudent approach to capturing the anticipated upside. 5. National Aluminium Company Ltd.—Dongre recommends buying NATIONALUM at around ₹ 184, keeping Stoploss 178 for a target price of ₹ 192. In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 184 and holding above a key support level at ₹ 178. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 178 to manage downside risk. The target for this trade is set at ₹ 192, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Welspun Corp Ltd.—Koothupalakkal recommends buying WELCORP at around ₹ 915 for a target price of ₹ 960, keeping Stop loss at ₹ 895 The stock, after the short period of correction, has indicated a higher bottom formation on the daily chart, taking support near the ₹ 875 zone, and has indicated a positive candle formation with significant volume participation visible to improve the bias and expect for further rise in the coming sessions. The RSI has cooled off from the highly overbought zone and is currently well placed, once again indicating a positive trend reversal to signal a buy. With the chart technically looking strong, we suggest buying the stock for an upside target of the ₹ 960 level, keeping the stop loss at the ₹ 895 level. 7. Torrent Power Ltd.—Koothupalakkal recommends buying TORRENT POWER at around ₹ 1390 for a target price of ₹ 1460, keeping Stop loss at ₹ 1362 The stock has recently witnessed a gradual slide and has arrived near the base of the ascending channel pattern on the daily chart, indicating a positive candle formation to improve the bias and anticipate further upward movement in the coming days. The RSI has been well positioned, indicating a positive trend reversal to signal a buy after remaining flat for quite some time, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 1460, keeping the stop loss at the ₹ 1362 level. 8. Ideaforge Technology Ltd.—Koothupalakkal recommends buying IDEA FORGE at ₹ 573.50 for a target price of ₹ 615, keeping stop loss: 560 The stock has been moving sideways for the last two weeks with support maintained near the 550 zone, currently indicating a positive move with decent volume participation visible to improve the bias, and a further rise is expected in the coming sessions. The RSI has cooled off from the overbought zone and is currently well placed with upside potential visible to continue with the positive move further ahead. With the chart looking good, we suggest buying the stock for an upside target of ₹ 615 level, keeping the stop loss at ₹ 560 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.