Stocks to Buy Today: OFSS and Tata Motors Among Top Trading Ideas for June 11, 2025
As the Indian stock market prepares to open on a positive note, mirroring favorable global trends, traders are gearing up for a promising trading session on June 11, 2025. Recent assessments indicate critical support levels, and a limited yet optimistic range for trading, which could guide investors toward significant opportunities.
Market Overview
On the previous trading day, the Nifty futures experienced a mild decline of 0.13%, closing at approximately 25,150. However, the decrease in the India VIX, which dropped nearly 5% to close at 13.98, suggests a reduction in market volatility, instilling some optimism among traders. Experts believe the Indian market is likely to follow global positive cues, paving the way for a potential upward movement.
According to Chandan Taparia, a derivatives analyst with Motilal Oswal Financial Services Ltd., options data indicates a broad trading range between 24,600 and 25,600. He also emphasized the importance of holding above the 25,000 marks, which could lead to an escalation towards 25,200 and subsequently to 25,400 levels. Taparia has identified immediate support of 25,000, with further backing around the 24,850 region.
Top Stocks to Consider
For traders with a short-term focus, several stocks have been highlighted as strong buying contenders. The following recommendations come from various market analysts who have scrutinized the current market landscape:
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OFSS (Oracle Financial Services Software Ltd.)
- Recommendation: Buy
- Target Price: ₹9,950
- Stop Loss: ₹9,250
-
Equitas Small Finance Bank
- Recommendation: Buy
- Target Price: ₹75
- Stop Loss: ₹68
-
VIP Industries
- Recommendation: Buy
- Target Price: ₹388
- Stop Loss: ₹360
-
Tata Motors
- Recommendation: Buy
- Target Price: ₹775
- Stop Loss: ₹715
-
Axis Bank
- Recommendation: Buy
- Target Price: ₹1,270
- Stop Loss: ₹1,210
-
Exide Industries
- Recommendation: Buy
- Target Price: ₹418
- Stop Loss: ₹395
Conclusion
The Indian stock market is poised for an interesting trading day, with key indicators suggesting an upward movement is feasible if certain levels are maintained. Alongside global trends, the stocks mentioned offer potential opportunities for traders looking to capitalize on short-term gains. As always, investors are encouraged to conduct their research or consult with their financial advisors before making investment decisions.
Disclaimer: The above recommendations are based on expert opinions and do not reflect the views of Smart Money Mindset. All trading carries risk, and past performance is not indicative of future results.
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