Inventory market information: Indian inventory indices maintained an upward pattern for the fourth consecutive session, bolstered by favorable international cues, relative calm relating to the Israel-Iran battle, and the potential extension of the tariff deadline set for July 9 by the US authorities.
A spokesperson from the White Home instructed on Thursday that the reciprocal tariff deadline is perhaps postponed, however emphasised that the ultimate resolution rests with President Donald Trump. In the meantime, President Trump indicated {that a} “nice deal” involving India is forthcoming, which has improved investor confidence. The Indian negotiation staff is presently in america engaged on a commerce settlement.
India’s sturdy home fundamentals, an agile RBI, and favorable monsoon situations are supporting the monetary markets. With US markets reaching report highs and the US greenback weakening, rising markets similar to India are anticipated to realize.
The Sensex concluded the day at 84,058 factors, rising by 303 factors, whereas the Nifty 50 completed at 25,637 factors, up by 89 factors.
Market Outlook by Jay Thakkar, Vice President & Head of Derivatives and Quant Analysis, ICICI Securities
Nifty 50
Nifty 50 has supplied a clear breakout from the sideways consolidation; thus, the short-term pattern is bullish. The June sequence ended on a optimistic observe as Nifty 50 closed above 25,300 ranges and the FIIs additionally diminished their brief positions on the Index to fairly an extent i.e. from over 1 lakh to merely 35,000 contracts , in addition they had purchased big within the fairness money phase of over 12,500 crores.
So, the brief overlaying coupled with robust shopping for in fairness money phase led to a clear breakout and thus the uptrend has been established. There was robust name writing within the vary of 25,200-25,300 previous to the breakout, therefore this vary now turns into a right away help, whereas, 26,000 to 26,300 are the brief to medium time period targets. The Financial institution Nifty has additionally supplied a clear breakout above 56,500 ranges, thus the supporting Nifty 50 to inch larger.
Shares To Purchase within the near-term – Jay Thakkar
Jay Thakkar of ICICI Securities recommends TVS Motor Futures, Mahanagar Fuel Futures, and ACC Futures.
Purchase TVS Motor Futures within the vary of ₹2,920 – 2,940 cease loss: ₹2,840 Targets: ₹3,040 to ₹3,100
TVS Motor has supplied a breakout from the sideways consolidation with a transparent lengthy constructed up, indicating additional uptrend within the inventory. The inventory has been one of many outperformers within the two-wheeler phase and therefore the upside chance appears larger. There was good put additions on the decrease ranges in addition to name unwinding indicating good upside chance. At the moment, the inventory is buying and selling above its max ache and modified max ache stage in addition to its 20-day VWAP ranges, therefore the short-term pattern seems bullish
Purchase Mahanagar Fuel Futures within the vary of ₹1,520-1,500 Cease loss: ₹1,450 Targets: ₹1,600 and ₹1,650
Mahanagar Fuel had seen big brief constructed within the earlier fall put up which the inventory managed to bounced again and consolidate. In your entire consolidation interval, the inventory had witnessed brief overlaying and eventually it has supplied a breakout from the consolidation which is way optimistic within the close to time period. The inventory has now moved above its 20-day VWAP in addition to its max ache and modified max ache ranges, so the upside potential is larger.
Purchase ACC Futures within the vary of ₹1,920 -1,940 Cease loss ₹1,870 Targets ₹2,020 and ₹2,060
The cements sector is witnessing good lengthy constructed up general and within the case of ACC brief overlaying is predicted within the brief time period because the inventory has shaped a number of bottoms in addition to the sector is in general uptrend. Though there may be larger name base at 1900 and 2000 strikes, nonetheless, there may be good unwinding of calls beneath 1900 strike, therefore the uptrend has a better chance within the close to time period. The inventory can be buying and selling properly above its 20-day VWAP now in addition to its above max ache stage.
Disclaimer: The Analysis Analyst or his relations or I-Sec should not have precise/helpful possession of 1% or extra securities of the topic firm, on the finish of 27/06/2025 or haven’t any different monetary curiosity and should not have any materials battle of curiosity.
The views and suggestions supplied on this evaluation are these of particular person analysts or broking firms, not Mint. We strongly advise buyers to seek the advice of with licensed consultants earlier than making any funding selections, as market situations can change quickly and particular person circumstances might fluctuate.
