Intraday Stocks To Buy Today, June 25: Top Picks By Sumeet Bagadia For Profitable Trading On Wednesday

After a modest decline, the previous session ended on a positive note, with the Nifty closing at 25,044.35, up 0.29%, indicating a slow recovery in momentum. In contrast, Bank Nifty extended its recovery for a second consecutive day, closing the session at 56,461.90, up 402 points or 0.72%. The India VIX closed at 13.64, down 2.88%, remaining muted. Crucially, the volatility index remains below the critical 15 level, suggesting that the market as a whole appears to be calm. Despite upcoming Q1 results and domestic macroeconomic data, investor mood may be dampened by a ceasefire announcement and a sharp decline in crude oil prices amid rising geopolitical concerns in the Middle East.

Nifty Outlook Today

"Despite multiple attempts, the Nifty has struggled to surpass its previous swing highs, yet it has also resisted deep corrections, highlighting the ongoing tug-of-war between bulls and bears. This indecisiveness suggests the market is in a wait-and-watch mode, with both sides defending their respective zones. A decisive move above the 25,200-25,230 range remains the key trigger for a fresh directional breakout. Continued support from the 10-DEMA and 20-DEMA strengthens the bullish structure, while the Relative Strength Index (RSI) holding above the 50 mark reinforces positive momentum. In the absence of any major bearish signals and with volatility staying muted, the broader setup favours a 'buy on dips' approach. As long as the index holds above the 24,700 mark, every dip is likely to find buyers. A breakout above 25,250 could lead to swift short-covering and push the index toward 25,400-25,500 in the coming sessions," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"A breakout above the 57,000 mark is likely to be the catalyst for the next directional leg. The presence of support from the 10-DEMA and 20-DEMA reaffirms the positive price setup, and the Relative Strength Index (RSI) hovering around the 60 mark further validates the underlying strength favouring buyers. With no major bearish indicators emerging and volatility remaining muted, the broader setup continues to endorse a "buy on dips" strategy. As long as the index holds above the 55,500 level, pullbacks are expected to be short-lived and offer buying opportunities. A sustained breakout above 57,000 could trigger short-covering and rapidly take the index toward the 57,500-57,700 range in the near term," said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Stocks To Buy Today

On Wednesday, June 25, Choice Broking's executive director, Sumeet Bagadia, recommended buying two stocks amid the Israel-Iran crisis has heightened market volatility.

Tamilnadu Petroproducts

Buy TNPETRO in Cash @ Rs 98.79, Stop-loss @ Rs 95, Target @ Rs 106

TNPETRO, is currently trading at 98.79 has shown a remarkable breakout in recent sessions, Recent price action indicates the stock gradually moved higher, forming higher highs and higher lows-a classic sign of a bullish reversal. The bullish alignment of EMAs confirms that the broader trend remains firmly positive, with the 20-day EMA now acting as immediate dynamic support.

Price has respected the 20-EMA multiple times in the past, indicating its significance for swing traders. This technical alignment suggests the potential beginning of a medium- to long-term uptrend. If this trend continues, TNPETRO could reach a short-term target of 106.

On the downside, immediate support is located at 95. The Relative Strength Index (RSI) is currently at 74.03 and trending upward, reflecting growing buying momentum. To manage risk effectively, a stop-loss at 95 is suggested to guard against any unexpected market reversals.

In conclusion, based on the technical analysis and current market conditions, TNPETRO presents a promising buying opportunity for those aiming for a 106 target, provided that appropriate risk management strategies are in place.

Kajaria Ceramics

Buy KAJARIACER in cash @ Rs 1105.3, Stop-loss @ Rs 1065, Target @ Rs 1177

KAJARIACER is currently positioned at 1105.3 levels, witnessed a sharp rally on Tuesday. The price action marks a decisive breakout above the short-term consolidation zone, with increased volumes supporting the bullish move. This rally reflects fresh buying interest as the stock crossed major resistance near Rs 1050 levels convincingly. KAJARIACER has shown remarkable strength after reclaiming its 200-day EMA today and continuing its upward trajectory. On Tuesday, the stock made a strong high of Rs 1115.8 and sustained gains throughout the session, indicating robust buyer control.

Given the momentum, KAJARIACER looks poised to test higher levels in the coming sessions. Any minor dips may find strong support near the 20 EMA, which can act as an accumulation zone for traders.

Reinforcing the positive sentiment, the Relative Strength Index (RSI) comfortably rests at 72.37 levels. Investors may have a good opportunity for swing traders with a short-term target of Rs 1177+ in mind, and a strict stop-loss under Rs 1065.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.