Stock Market Today

Stock Market Today | June 20| Nifty 50 Hangs in Balance as Global Jitters, Israel-Iran Tension Weigh on Sentiment | 8 Stocks to Watch on Friday

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Updated: June 20, 2025 | Stock Market Today | CreditSamadhaan.com | By Ujjval Jauhari (Edited for Publication)
🔍 Key Focus: Nifty Trade Setup • Global Market Trends • Israel-Iran Escalation • 8 Expert Stock Picks

 Market Recap: Nifty 50 Flatlines on Expiry Day as Volatility Looms

On Thursday, Indian markets closed on a cautious note as the Nifty 50 ended a dull derivatives expiry session marginally lower by 0.08%, settling at 24,793.25. The index remained stuck in a tight trading range, reflecting trader indecision and broader market consolidation.

Bank Nifty, often the bellwether of market sentiment, slipped 0.45%, closing at 55,577.45, failing to reclaim the psychological 56,000 mark. Sectorally, losers outpaced gainers — with Metals, Realty, and Oil & Gas dragging the market down.

Meanwhile, broader indices took a deeper hit, with mid-cap and small-cap stocks seeing cuts of up to 2%, indicating risk aversion among investors ahead of potential global triggers.

 Nifty Trade Setup for Friday, June 21, 2025

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty faces strong headwinds and may continue to exhibit weakness unless it breaks above 24,850. As long as it trades below this critical level, bearish undertones could persist.

  • Resistance: 24,850

  • Support: 24,550 (immediate)

  • Key Zone to Watch: 24,550–24,850

For Bank Nifty, Bajaj Broking noted that a sustained breakout above 56,000 is crucial for any meaningful rally to resume.

Global Cues: Israel-Iran Escalation Adds to Market Nervousness

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, highlighted that geopolitical developments continue to dominate sentiment. Market participants are closely monitoring the Israel-Iran conflict, recent US Federal Reserve commentary, and the impending reciprocal tariff deadline by the US.

“Markets are expected to stay in consolidation mode, but any escalation in the Middle East conflict could spark sharp volatility,” says Khemka.

 Stocks to Buy or Sell Today: Top 8 Expert Picks for Friday |  Stock Market Today

Here’s a curated list of expert-recommended stocks for intraday or short-term trades:

✅ 1. Wipro Ltd. – Buy

  • 💵 Entry: ₹265.60

  • 🎯 Target: ₹285

  • 🛑 Stop-loss: ₹256

  • 📈 Comment: Strong bullish setup, near breakout zone with upside confirmation likely above ₹270.

✅ 2. Eicher Motors Ltd. – Buy

  • 💵 Entry: ₹5,493.50

  • 🎯 Target: ₹5,880

  • 🛑 Stop-loss: ₹5,300

  • 📈 Comment: Breakout from consolidation zone with volume surge validates trend reversal.

✅ 3. AXIS Bank Ltd. – Buy

  • 💵 Entry: ₹1,218

  • 🎯 Target: ₹1,250

  • 🛑 Stop-loss: ₹1,190

  • 📈 Comment: Bullish engulfing pattern with RSI reversal from oversold zone signals momentum.

✅ 4. Federal Bank Ltd. – Buy

  • 💵 Entry: ₹203

  • 🎯 Target: ₹215

  • 🛑 Stop-loss: ₹197

  • 📈 Comment: Bullish retracement visible on short-term charts; potential for rebound rally.

✅ 5. Tata Chemicals Ltd. – Buy

  • 💵 Entry: ₹910

  • 🎯 Target: ₹945

  • 🛑 Stop-loss: ₹890

  • 📈 Comment: Reversal pattern forming; short-term upside possible with improving chart setup.

✅ 6. Sterlite Technologies Ltd. – Buy

  • 💵 Entry: ₹107

  • 🎯 Target: ₹116

  • 🛑 Stop-loss: ₹104

  • 📈 Comment: Volume-supported breakout, positive trend above 200 MA points to upside.

✅ 7. Aegis Logistics Ltd. – Buy

  • 💵 Entry: ₹800

  • 🎯 Target: ₹840

  • 🛑 Stop-loss: ₹782

  • 📈 Comment: Bullish candle after consolidation near 200 MA, with RSI trend reversal.

✅ 8. MTAR Technologies Ltd. – Buy

  • 💵 Entry: ₹1,719

  • 🎯 Target: ₹1,800

  • 🛑 Stop-loss: ₹1,684

  • 📈 Comment: Bullish candlestick with strong volume; RSI recovery signals upside potential.

What to Watch on Friday: |Stock Market Today

  • Nifty’s movement around 24,850 resistance

  • Global cues including Middle East tensions

  • Any surprise tariff-related announcements from the US

  • Sector-specific momentum in Banking, Metals, and Energy

 Poll: What’s Your Nifty Outlook for Next Week?

🔘 Rise above 24,850
🔘 Fall below 24,550
🔘 Remain rangebound

💬 Cast your opinion in the comments or vote on our [Twitter Poll @CreditSamadhaan]!

📌 Disclaimer: The views and stock recommendations mentioned above are those of individual analysts or brokerages. CreditSamadhaan.com does not offer investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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