Nifty 50 Outlook and Top Stocks to Watch on 24 June 2025

Top Stocks to Watch on 24 June 2025:

The Indian stock market ended last week on a strong note. The Nifty 50 index closed above 25,100, gaining over 1% for the week, while the Bank Nifty also rose by 1.2% to settle at 56,252.85. However, metal and pharma stocks saw some decline, and mid-cap and small-cap indices slipped slightly.

Top Stocks to Watch on 24 June 2025:

Experts believe the Nifty is now close to breaking its consolidation range. A sustained move above 25,200 could trigger a rally toward the 25,600–25,800 zone. On the downside, the index has support near 24,700 and 24,400.

Bank Nifty has shown strength after crossing the 56,000 mark and may move towards 57,000 or even 58,200 levels in the coming days.

Market Sentiment:

Despite tensions in the Middle East and a rise in crude oil prices, investor confidence remained strong. The Reserve Bank of India’s (RBI) decision to ease project financing rules and its supportive stance on interest rates boosted market sentiment.

Expert Stock Picks for Monday:

1. KFin Technologies Ltd – Buy at ₹1278.4 with a target of ₹1360; stop-loss at ₹1230. The stock shows bullish signals after consolidation.

2. Go Digit General Insurance Ltd – Buy at ₹356.2 with a target of ₹380; stop-loss at ₹344. The stock is in a strong uptrend.

3. HDFC Bank Ltd – Buy at ₹1360 with a target of ₹1410; stop-loss at ₹1320. It shows signs of continued upward movement.

4. Tata Motors Ltd – Buy at ₹676 for a target of ₹700; stop-loss at ₹655. The stock is bouncing back from support.

5. National Aluminium Co. Ltd – Buy at ₹184 with a target of ₹192; stop-loss at ₹178.

6. Welspun Corp Ltd – Buy at ₹915 for a target of ₹960; stop-loss at ₹895.

7. Torrent Power Ltd – Buy at ₹1390 for a target of ₹1460; stop-loss at ₹1362.

8. Ideaforge Technology Ltd – Buy at ₹573.5 for a target of ₹615; stop-loss at ₹560.

Disclaimer: These stock suggestions are based on technical analysis by individual experts. Investors should consult certified professionals before making investment decisions.

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