Market expert Raja Venkatraman from NeoTrader has identified three stocks for trading on June 24, 2025, as reported by Mint. According to Venkatraman's analysis, the market is experiencing a revival attempt but every bounce is being sold into, suggesting the underlying trend lacks conviction. Indian equities fell sharply on June 23, with the Sensex dropping more than 500 points and the Nifty 50 nearly 200 points as weakness spread across sectors. Analysts have highlighted Nifty support at 23,800–23,900 while resistance remains near the 24,200 mark.
Zydus Life is recommended as a buy above ₹1,115 with a stop loss at ₹1,075 and target price of ₹1,225 for a multiday trade, as reported by Mint. The pharmaceutical company, headquartered in Ahmedabad, Gujarat, ranks as one of India's largest healthcare and life sciences providers, specializing in generic drugs, biosimilars, vaccines, and consumer wellness products. The stock has been moving aggressively with volume picking up after consolidation, crossing important resistance zones around ₹1,100. Key metrics show P/E ratio of 31.16, 52-week high of ₹1,119, and volume of 2.43 million.
ITC Hotels is recommended as a buy above ₹179 with a stop loss at ₹167 and target price of ₹195 for a multiday trade, according to Mint reports. The premier Indian hospitality company, established in 1975 and demerged from ITC Limited, shows promising trends with constant rounding at higher levels indicating steady upward traction. Key metrics include P/E ratio of 44.86, 52-week high of ₹261.35, and volume of 11.38 million. Technical analysis shows support at ₹160 and resistance at ₹200.
Fluorochemicals is recommended as a buy above ₹3,900 with a stop loss at ₹3,775 and target price of ₹4,250 for a multiday trade, as reported by Mint. The leading Indian chemicals company and country's largest fluoropolymers producer shows positive trends with higher highs and lower lows forming steady trendline support. Key metrics include P/E ratio of 63.01, 52-week high of ₹3,929, and volume of 110.83K. Technical analysis shows support at ₹3,700 and resistance at ₹4,300.
According to Mint reports, metals led the decline pressured by Vedanta's ₹2,150 crore block deal and a stronger US Dollar Index crossing 101, weighing on acquisition costs. IT stocks extended their weakness with Infosys and TCS down 3% each ahead of Infosys' AGM. The sell-off mirrored the global tech rout, with South Korea's KOSPI crashing 10% and triggering circuit limits, while Nasdaq contracts down 700 points and S&P 500 off 100.
