Outlook, Technical Call of the Day & Top 5 Stocks in Focus for 20th Jun 2025

Market Outlook 20th Jun 2025

Nifty index opened flattish and witnessed a spike in the first hour but failed to hold above 24850 zones and slipped lower. Bulls were charged for a brief upward momentum but lack of follow up buying and selling pressure drowned it lower. However it remained in the range of the opening hour but closed below its opening levels with marginal losses. It formed a doji and a spinning top sort of candle on daily frame with longer upper shadow indicating a tug of war between the bulls and bears, both of which are failing to establish control. Now if it manages to hold above 24700, up move can be seen towards 24950 and 25100 zones while a hold below the same could see weakness towards 24600 then 24500 zones.

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On option front, Maximum Call OI is at 25000 then 26000 strike while Maximum Put OI is at 24000 then 23000 strike. Call writing is seen at 24800 then 26000 strike while Put writing is seen at 24800 then 24000 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 flat note and witnessed volatile swings during the initial hour of the day. The index encountered resistance near the 81600 level, leading to profit booking that pulled it down towards the 81350 zones. It then moved within a narrow range of around 150 points for the rest of the session, eventually closing with marginal losses of around 50 points. On the daily chart, it has formed a small bodied candle with both upper and lower shadows, reflecting support based buying at lower levels alongside persistent selling pressure near resistance. Now till it holds above 81200 zones, strength could be seen towards 81700 then 82000 zones whereas supports are placed at 81200 then 81000 zones.

 Bank Nifty index opened on a flattish note but some spike was seen towards 55942 marks in the initial hour of the session. However it failed to hold at higher levels and gradually drifted lower towards 55550 zones and relatively underperformed the benchmark Index. It formed a small bearish candle on daily scale as momentum is missing at higher zones but multiple supports are intact at lower levels. Now it has to hold above 55555 zones for a bounce towards 56000 then 56250 levels while on the downside support is seen at 55250 then 55000 zones.

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Nifty future closed negative with losses of 0.20% at 24778 levels. Positive setup can be seen in Eicher motors, Wipro, Apollo hospitals, Kotak bank, Grasim, Eternal, LT, Maruti, Hero Motocorp and M&M while weakness in JSW energy, VBL, Vedanta, IREDA, Hindcopper, Granules, IEX, Ambuja cements, Inox wind and Syngene.


DABUR - TECHNICAL CALL OF THE DAY

The Stock has been consolidating in the similar range band for three months and every single time when the stock ended in red for two days in a row, we have seen some pull back happening. The same is highlighted via circles on daily charts and now again we are seeing a similar pattern being made. With RSI at over sold zone and volumes remaining healthy, Dabur looks good given the volatility in the market.

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BUY DABUR CMP 465.10 SL 455.10 TGT 470.10

Top stocks to watch out for 20th Jun

AMIC Forging:

  • The company has entered into an agreement on 19th Jun'25 with Bengal Hammer Industries Pvt Ltd, for the purchase of land, factory, plant and machinery located at Howrah District for a total consideration of Rs 27 crore. The timeline for completion of the acquired assets is 120 days from the execution date. 

Lemon Tree:

  • The company has signed a License Agreement viz Lemon Tree Resort, Limbodagari, Madhya Pradesh featuring 60 well-appointed rooms. The property shall be managed by the company's wholly owned subsidiary Carnation Hotels. This opening will be in addition to already four existing and seven upcoming hotels in Madhya Pradesh.

CCL Products:

  • The company has test launched traditional South Indian Snacks under the brand name ‘Malgudi’. The product category is Food - Snacks which shall cater to meet the requirements of the domestic market. The company has not shared any details yet in case of launching the product in the international market. 

JSW Infra:

  • Jaigarh Port has signed a binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL) for providing refundable & non- lapsable security deposit for the construction and development of the said Project. 

  • Upon completion, the Project will establish a railway access to Jaigarh Port, enabling the movement of various cargo types including containers, bulk, and liquid cargo. This enhanced connectivity is expected to significantly strengthen the Port’s capability to handle third-party cargo from the hinterland and will lay the foundation for future capacity expansion.

Premier Explosives:

  • Premier Explosives has received a purchase order from an International entity, for the manufacture and supply of Defence Products for a total value of USD 762,860.08 which turns out to be Rs 6.62 crore. The order will be executed within a period of 6 months. 

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