The Indian stock market is poised for an interesting trading day on June 23, 2025, with experts offering a range of recommendations. Following a strong rebound on Friday, where both the Sensex and Nifty gained over 1%, market sentiment appears to have improved. Several factors, including global cues, domestic institutional investor (DII) activity, and technical indicators, are expected to influence market movement.
Market Outlook and Key Levels
The Gift Nifty trading at 25,108, up 1.42%, suggests a potentially strong opening for Indian markets on Monday, backed by last week's gains in the Nifty 50 and Sensex, both of which rose 1.29% on Friday. While European markets traded higher on Friday, U.S. futures were in the red, indicating a possibly cautious sentiment on Wall Street ahead of the new week.
The Nifty 50 index is trading above 25,000, and analysts predict it could potentially reach 25,400 and 25,650 in the short term. A crucial base has been established at 24,800. Immediate support for Nifty is at 25,000 and 24,800, while resistance is seen at 25,200 and 25,300. A breakout above 25,300 could trigger a bullish rally, targeting 25,500 and 25,700 in the coming weeks.
Bank Nifty closed at 56,252.85, a 1.31% gain from the previous week. It is likely to face resistance in the 56,500–57,000 range. Support lies at 56,000-55,500, with resistance at 56,500-57,000, suggesting a sideways to bullish bias.
Expert Stock Picks
Several leading market experts have recommended specific stocks for purchase on June 23, 2025.
Sumeet Bagadia (Choice Broking):
Sumeet Bagadia (Stocks under ₹100):
HFCL: Buy at ₹81.72, target ₹87.44, stop loss ₹78.85.
Amit Trivedi (YES Securities - F&O Strategy):
Factors to Watch
Several domestic and global factors are expected to influence market sentiment this week. Key domestic triggers include the progress of the monsoon, volatility due to the monthly expiry of derivatives, and India's PMI data. Global developments, such as US GDP and PCE data, commentary from the Federal Reserve, and geopolitical updates (particularly concerning the Israel-Iran conflict), are also expected to play a significant role.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult with a certified financial advisor before making any investment decisions. Market conditions are subject to change, and past performance is not indicative of future results.
