Now Reading: Top stocks to buy right now: Stock recommendations for June 20, 2025 – check list
-
01
Top stocks to buy right now: Stock recommendations for June 20, 2025 – check list
Stock market recommendations: According to Bajaj Broking Research, Paras Defence and Space Technologies, and Thirumalai Chemicals are the highest inventory picks for right now. Here’s its view on Nifty, Bank Nifty and the highest inventory picks for June 20, 2025:Index View: NIFTYInvestor sentiment stays fragile amid intensifying geopolitical tensions within the Middle East, which have catalyzed a rally in Brent crude costs. This presents a big macroeconomic overhang for India, given its substantial reliance on crude imports, thereby casting a shadow over ahead earnings visibility for India Inc. Meanwhile, the US Federal Reserve, in its current coverage evaluation, maintained the federal funds price throughout the goal vary of 4.25%–4.50%, aligning with market consensus. The Fed reiterated its ahead steering for 2025, signaling a knowledge-dependent stance with no imminent pivot in sight.On the home entrance, the benchmark index continues to exhibit a section of time-smart correction, consolidating inside a nicely-demarcated vary of 24,400–25,200 for the fifth successive week. The worth motion suggests a scarcity of directional conviction, indicative of a variety-sure market construction.On the upside, 25,000 stays a important provide zone. A sustained breakout and shut above this resistance threshold might set off momentum-pushed upside in direction of the higher boundary of the consolidation band at 25,200. However, failure to take up provide at this stage might lengthen the prevailing sideways trajectory.On the draw back, speedy assist is located at 24,700. A decisive breach under this inflection level might intensify promoting strain, doubtlessly dragging the index in direction of the decrease finish of the consolidation band within the 24,500–24,400 vary.Key assist is anchored within the 24,500–24,400 zone, which marks a confluence of the 50-day EMA and the decrease boundary of the 5-week consolidation vary, making it an important demand zone for the index. Only a breach under the decrease band amid additional escalation of geopolitical pressure will sign acceleration of the decline in direction of 24,000 ranges.NIFTY BANK
- Bank Nifty continues to consolidate in a variety as buyers stay on the sting amid intensifying geopolitical tensions within the Middle East.
- From a structural standpoint, a sustained breakout and shut above the 56,000 psychological marks could be important to unlock additional upside potential, with the index doubtless to gravitate in direction of the 56,600–57,000 resistance zone. However, failure to clear this overhead provide zone might end in continued vary-sure motion, with worth oscillating between 56,000 and 55,000, shifting market consideration to inventory-particular alpha era.
- On the flip facet, a decisive break down under the 55,000 ranges would negate the continuing consolidation construction and set off a corrective transfer in direction of the important assist cluster at 54,500–54,000. This zone represents a confluence of the 50-day Exponential Moving Average (EMA) and the important thing Fibonacci retracement zone of the prior impulse leg (53,483–57,049).
Stock Recommendations:Paras Defence and Space TechnologiesBuy within the vary of Rs 1610-1645
The inventory is on the cusp of breaking above the falling trendline becoming a member of the highs of May and June 2025 signaling resumption of up transfer and provides recent entry alternative.The inventory is presently seen rebounding after a base formation above the 20 days EMA signaling total constructive bias.The every day 14 intervals RSI has generated a buy sign transferring above its 9 intervals common thus validating constructive bias. We count on the inventory to head larger in direction of 1790 ranges within the coming months being the 61.8% retracement of the earlier decline (1945-1540).Thirumalai ChemicalsBuy within the vary of Rs 286-294
The inventory has not too long ago generated a breakout above a rounding formation and is seen sustaining above the short- and medium-time period transferring averages thus helps the constructive bias.The every day MACD is in uptrend and is seen sustaining above its 9 intervals common signaling constructive bias. We count on the inventory to head in direction of 319 ranges within the coming months being the 61.8% retracement of your complete decline (395-201).Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t mirror the views of The Times of India. Always seek the advice of with a certified funding advisor or monetary planner earlier than making any funding choices.
