Stocks to Buy Today: ICICI Bank, Reliance Industries Limited Among Top 10 Trading Ideas for June 27, 2025
By Kshitij Anand, ETMarkets.com | June 27, 2025, 10:27 AM IST
The Indian stock market is poised for a positive start on June 27, 2025, as it tracks favorable global cues. The Nifty futures closed on a strong note yesterday with a 1.20% gain at 25,554 levels, indicating bullish sentiment among investors. The volatility index India VIX also dipped nearly 3% to close at 12.59, suggesting a more stable market environment.
Market Outlook and Technical Analysis
According to market experts, the broader Nifty index may trade within a range of 24,000 to 26,000 points in the near term, with an immediate focus on a tighter range between 25,300 and 25,700 points. Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, highlighted that Nifty has formed a bullish candle on the daily chart, breaking out from a consolidation phase, and has been recording higher lows over the past five sessions.
He further emphasized that for the uptrend to continue, Nifty needs to sustain levels above 25,500, which could pave the way for gains toward 25,750 and 25,850 zones. Support levels are now shifted higher, with immediate floors around 25,350 followed by 24,250. From an options market perspective, maximum open interest for call options is clustered around the 25,500 and 26,000 strike prices, while put options see maximum interest at 25,500 and 25,200 strikes. This data points to investor expectations of market stability and a preference for trading within this band.
Top Stock Recommendations for Short-term Trading
For traders looking for short-term opportunities, several market analysts have identified key stocks with attractive risk-reward ratios, underpinned by technical strength and favorable outlooks.
Amol Athawale, Vice President – Technical Research at Kotak Securities, recommends:
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Reliance Industries Limited (RIL): Buy with a target price of Rs 1,540 and a stop loss at Rs 1,470.
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National Aluminum: Buy with a target of Rs 200 and stop loss at Rs 190.
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Bajaj Auto: Buy with a target of Rs 8,680 and stop loss at Rs 8,300.
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Axis Bank: Buy with a target of Rs 1,270 and stop loss at Rs 1,210. Sharan Lillaney, Independent SEBI Research Analyst, advises:
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Shriram Finance: Buy with a target price of Rs 733 and stop loss of Rs 673.
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National Aluminum: Buy with a target of Rs 203 and stop loss at Rs 185.
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Union Bank of India: Buy with a target of Rs 158 and stop loss at Rs 138. Kunal Bothra, Market Expert on ETNow, highlights:
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Tata Steel: Buy with a target of Rs 168 and stop loss at Rs 156.
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ICICI Bank: Buy with a target price of Rs 1,490 and stop loss at Rs 1,420.
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Steel Authority of India Limited (SAIL): Buy with a target of Rs 139 and stop loss at Rs 129. ### Market Summary
The benchmarks witnessed some pressure yesterday with Nifty closing at 25,062.10, down by 157.81 points. Despite this, the overall market sentiment remains cautiously optimistic given the positive futures trend and reduced volatility metrics. Institutional investors and traders are advised to keep an eye on critical support and resistance levels while employing appropriate risk management techniques.
Additional Highlights
Investors interested in mutual funds can note the performance of featured schemes such as the HSBC Large Cap Fund Direct-Growth, which has delivered a 19.09% return over the last five years, and the UTI Aggressive Hybrid Fund Regular Plan-Growth, offering a 20.6% five-year return.
Disclaimer
Please note that stock recommendations and trading advice are based on individual expert opinions and analyses. These do not necessarily reflect the views of The Economic Times or ETMarkets.com. Investors should conduct their own due diligence or consult with financial advisors before making investment decisions.
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Related Topics: RIL Trading Recommendations | Nifty Futures Analysis | ICICI Bank Stock Insights | Market Strategies June 27, 2025 | Motilal Oswal Financial Services Limited
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