Trade setup for Nifty 50 to Israel-Iran conflict; 8 stocks to buy or sell on Monday 16 June 2025
As we begin a new trading week on 16 June 2025, market participants are navigating a volatile environment shaped by both domestic and global events. From the impact of the Israel-Iran conflict to key central bank policy decisions and technical cues from Indian indices, Monday’s trade setup demands a careful approach.
Weekly Market Recap
In the week ending 13 June 2025, the Nifty 50 index closed slightly over 1% lower at 24,718, reflecting market unease. The Bank Nifty fared even worse, falling by 1.8% to end at 55,527.35. Sector-wise, realty, FMCG, metals, and auto witnessed profit booking. However, IT and pharma sectors emerged as gainers. The broader market, too, mirrored this weakness with mid-cap and small-cap indices down more than 1%.
Trade Setup for Monday, 16 June 2025
Market experts expect further weakness in the Nifty-50 index unless it decisively crosses 24,850. According to Amol Athawale, VP - Technical Research, Kotak Securities:
“As long as Nifty remains below 24,850, weak sentiment will persist and may drag the index to 24,500. A breach of 24,500 could intensify selling pressure, possibly taking it down to 24,300.”
Hence, technical levels will play a crucial role in Monday’s trades.
Global Cues & Geopolitical Tensions
The ongoing Israel-Iran conflict continues to inject uncertainty across global equity markets. Meanwhile, investor attention remains firmly on the U.S. Federal Reserve’s policy meeting for cues on the timing and scale of rate cuts, especially with economic indicators sending mixed signals.
Ajit Mishra, SVP - Research, Religare Broking, noted:
“Markets are likely to stay volatile amid geopolitical concerns and key macro events. Domestically, progress of the monsoon, WPI inflation data, crude oil price trends, and FII activity will be closely monitored.”
Top 8 Stocks to Watch Today (Buy/Sell Recommendations)
Here's a breakdown of expert stock picks to watch out for on Monday:
Sumeet Bagadia (Choice Broking) Picks
Buy at ₹2341.5
Target: ₹2500 | Stop-Loss: ₹2250
RPGLIFE is in a breakout phase above a descending trendline and continues to stay above key EMAs, signaling fresh bullish momentum.
Buy at ₹997.5
Target: ₹1070 | Stop-Loss: ₹960
A bullish engulfing pattern and strong institutional interest point toward further upside.
Ganesh Dongre (Anand Rathi) Picks
Buy at ₹128
Target: ₹138 | Stop-Loss: ₹124
A bullish engulfing pattern and oversold RSI suggest a likely short-term rebound.
Buy at ₹793
Target: ₹815 | Stop-Loss: ₹782
The formation of a bullish reversal pattern and support at ₹782 indicate a potential upward move.
Buy at ₹5035
Target: ₹5200 | Stop-Loss: ₹4950
A positive reversal pattern and a strong support base make HAL a favorable candidate for near-term gains.
Shiju Koothupalakkal (Prabhudas Lilladher) Picks
Buy at ₹1618
Target: ₹1710 | Stop-Loss: ₹1585
After consolidating, a bullish candle with high volume and RSI reversal suggests fresh buying potential.
Buy at ₹193.70
Target: ₹210 | Stop-Loss: ₹189
The formation of a higher bottom and RSI recovery signal further upside in the stock.
Tilaknagar Industries Ltd. (TILAKNAGAR INDS)
Buy at ₹371.50
Target: ₹395 | Stop-Loss: ₹364
A bullish candle with high volume and RSI cooling off from overbought territory suggests continuation of the uptrend.
Conclusion
The markets are walking a tightrope this week caught between geopolitical flare-ups and global monetary policy decisions. While technical indicators suggest caution, stock-specific action could offer trading opportunities. Traders should watch for levels like 24,500 and 24,300 on the Nifty, and follow disciplined entry and exit points based on expert advice.
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