According to reports from Mint, domestic market benchmarks traded with modest gains on Tuesday, 23 June, with focus staying on the US-Iran talks. The first round of high-level talks between the US and Iran in Switzerland concluded early Monday, with further negotiations continuing through the week to secure a lasting agreement to end the conflict. Vishnu Kant Upadhyay, AVP-Research at Master Capital Services, noted that sentiment appears positive in the short term, as the index is decisively sustaining above its short-term moving averages, while key oscillators like RSI and MACD are also in positive territory. As per Upadhyay, the Nifty 50 has support at 23,800 and 23,650, while resistance is at 24,200 and 24,400. "Prices are currently facing resistance near 24,200, the vicinity of 100-day EMA, which indicates profit booking in the near term towards the 23,800-23,700 zone, where fresh buying can be initiated," said Upadhyay.
According to reports from Mint, Vishnu Kant Upadhyay of Master Capital Services and Aakash Shah of Choice Broking recommend the following six stocks for the next 1-2 weeks. Power Finance Corporation (PFC) is recommended with a previous close of ₹440.95, target prices of ₹480 and ₹490, and stop loss at ₹412. Upadhyay noted that PFC shares have delivered a clear-cut bullish reversal breakout from a double bottom formation, with the stock reclaiming all key moving averages. Acme Solar Holdings is recommended with a previous close of ₹349.85, target prices of ₹380 and ₹385, and stop loss at ₹324. As per Upadhyay, the stock exhibits a strong bullish setup with a healthy consolidation phase around the rising 21 EMA.
According to reports from Mint, The Bombay Burmah Trading Corporation (BBTC) is recommended with a previous close of ₹1,589.30 and target price of ₹1,740, stop loss at ₹1,478. Upadhyay noted that BBTC shares are showing signs of trend reversal after breaking out of a prolonged consolidation range. Delhivery is recommended with a previous close of ₹483.80, target price of ₹520, and stop loss at ₹463. Shah noted that Delhivery is displaying strong bullish momentum and has recently surged to a fresh 52-week high, with the 20-day EMA crossing above the 50-day EMA. Jagsonpal Pharmaceuticals is recommended with a previous close of ₹222.71, target price of ₹240, and stop loss at ₹209. Shah highlighted that the stock has been in a steady uptrend since March lows with a 50-day EMA crossover above the 200-day EMA.
According to reports from Mint, Silver Touch Technologies is recommended with a previous close of ₹195.03, target price of ₹212, and stop loss at ₹183. Shah noted that the stock continues to exhibit strong bullish structure with a clear higher-high and higher-low formation. Aakash Shah of Choice Broking also recommended BBTC with a target price of ₹1,740 and Delhivery with a target price of ₹520. The recommendations come as experts believe the market structure is positive, though 24,200 remains a key hurdle for the Nifty 50.
