Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 19th Jun 2025

Market Outlook 19th Jun 2025


Nifty index opened negative and witnessed a spike towards 24950 levels in the initial hour but failed to hold above the same and drifted lower throughout the day. It dropped to 24750 and witnessed slight recovery in the second half. It formed a doji sort of candle on daily frame and has got stuck in a range from the last three sessions. It needs to decisively cross 24950 for the next leg of rally to commence. Support based buying is intact but pressure at higher zones prevails. Now if it manages to hold above 24700, up move can be seen towards 24950 and 25200 zones while a hold below the same could see weakness towards 24700 then 24450 zones.

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On option front, Maximum Call OI is at 24900 then 25000 strike while Maximum Put OI is at 24500 then 24800 strike. Call writing is seen at 24800 then 25000 strike while Put writing is seen at 24750 then 24800 strike. Option data suggests a broader trading range in between 24300 to 25300 zones while an immediate range between 24600 to 25000 levels.

 S&P BSE Sensex index opened on a negative note but witnessed a sharp recovery during the initial hour of the trade. However, the index faced resistance near the 81800 mark and subsequently saw profit booking, retracing towards the 81200 zone thereafter. It then traded within a broader range of around 300 points for the rest of the session and closed with a losses of around 140 points. On the daily chart, a small bodied candle with a long upper shadow has formed, indicating selling pressure and resistance at higher levels. Now till it holds above 81200 zones, strength could be seen towards 81800 then 82000 zones whereas supports are placed at 81200 then 81000 zones.

Bank Nifty index opened on a negative note but quick recovery was seen from lower levels towards 55933 marks in the initial hour of the session. However it failed to hold at higher zones and drifted lower towards 55600 zones, but remained range bound for latter part of the day. It formed a small bullish candle on daily scale as buying interest is visible at lower levels but momentum is missing at higher zones. Now it has to hold above 55750 zones for a bounce towards 56000 then 56250 levels while on the downside support is seen at 55555 then 55250 zones.

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Nifty future closed negative with losses of 0.22% at 24813 levels. Positive setup can be seen in Indusind bank, RBL bank, DMART, Bandhan bank, Trent, Delhivery, UNO minda, Maruti, KPIT Technologies and Cyient while weakness in NHPC, IEX, REC, Page Industries, Piramal pharma, ACC, Chambal fertilizers, NBCC, Tata motors and Dalmia bharat.

VARROC - TECHNICAL CALL OF THE DAY

Stock is comfortably trading above its key moving averages reflecting strong uptrend and strength in stock price. The past two weeks we have seen stock trading rangebound but attempting to move at higher levels as well. This is supported by positive RSI divergence on daily basis and positive supertrend indicator. 

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BUY VARROC CMP 556.50 SL 535.05 TGT 574.40

Top stocks to watch out for 19th Jun

Jio Finance:

  • The company has acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for Rs 104.54 crore. The deal received the Reserve Bank of India’s approval on 4th June 2025. Following the transaction, Jio Payments Bank has become a wholly-owned subsidiary of Jio Financial Services. Prior to this, Jio Payments Bank operated as a joint venture between Jio Financial Services and the SBI.

Hero MotoCorp:

  • Hero MotoCorp has announced the introduction of its Vida Vx2 electric scooter with a new ‘Battery-as-a-Service’ (BaaS) model. This offering aims to make electric two-wheeler ownership more affordable and accessible. Vida, the company’s electric mobility brand, includes over 3,600 fast-charging stations and more than 500 service points in over 100 cities.

Vodafone Idea:

  • Vodafone Idea has announced a strategic partnership with AST SpaceMobile Inc. to bring direct-to-device satellite broadband connectivity to India, aiming to support the Digital India vision of universal mobile access. 

  • AST SpaceMobile is building the world’s first space-based cellular broadband network designed to be accessible directly by standard mobile phones, serving both commercial and government needs. 

Abbott India:

  • The company and MSD Pharmaceuticals have entered into a strategic distribution agreement aimed at broadening access to MSD’s oral anti-diabetes medications in India, including sitagliptin and its combination therapies. Under the terms of the partnership, Abbott will utilise its distribution infrastructure to promote MSD’s sitagliptin-based products — Januvia, Janumet, and Janumet XR. 

Purvankara:

  • M/s. Starworth Infrastructure & Construction, the wholly owned subsidiary of Puravankara has received a Letter of Indent for Civil and Finishes Works for the proposed Residential Apartment at “TRU AQUAPOLIS” in Varthur, Bengaluru for M/s. Tru Dwellings. The nature of the order includes EPC-Commerical valued at Rs 272 crore. 

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