Top Stocks to Buy Today: Expert Picks for June 13, 2025
Bajaj Broking Research suggests Sterling and Wilson Renewable Energy and Prince Pipes and Fittings as top stock picks for today. Let’s dive into the details of Nifty, Bank Nifty, and these top stock picks for June 13, 2025.
Index View: Nifty
Nifty saw a 170-point range in the first three sessions this week. However, a sharp drop on Thursday pushed the index below 25,000, closing at 24,888.
Nifty has strong support between 24,600 and 24,700. This range matches the 20-day EMA and a rising trendline connecting recent lows. Staying above this support could continue the uptrend. Immediate resistance levels are at 25,300 and 25,500.
Nifty has rallied impressively by 16% from its April lows. After this rally, it had a healthy consolidation with a mild 3% retracement before continuing its upward move. This pattern of long rallies followed by small corrections is typical of a strong bull market. It suggests more upside potential. Any dips should be seen as buying opportunities.
Market internals remain strong, especially in broader indices. The Nifty 500 to Nifty 100 relative strength ratio is rising steadily. Additionally, market breadth is robust, with about 62% of stocks in the Nifty Midcap 100 and Nifty Smallcap 100 trading above their 200-day moving averages. This indicates a sustainable uptrend.
Nifty Bank
- Bank Nifty broke above its 5-week consolidation range (56,000-53,500) last Friday. It rallied to a new all-time high of 57,049 on Monday. However, profit booking at higher levels saw the index close Thursday’s session around 56,082.
- The index is trading above its short- and long-term moving averages, indicating a positive bias.
- The recent profit booking has cooled off the overbought condition. We expect the index to hold above the support area of 55,200-55,500 and head towards 57,000 and 57,700 in the coming weeks.
Stock Recommendations
Sterling and Wilson Renewable Energy (SWSOLAR)
Buy in the range of Rs 325-331
| Target | Stop Loss | Return | Time Period |
|---|---|---|---|
| Rs 363 | 309 | 10% | 3 Months |
The stock has broken above its two-month consolidation pattern with strong volume, signaling a resumption of the upward move. This offers a fresh entry opportunity. The daily 14-period RSI is in an uptrend and is sustaining above its nine-period average, confirming a positive bias. We expect the stock to head towards Rs 363, which is the 138.2% external retracement of the previous decline (333-244).
Prince Pipes and Fittings
Buy in the range of Rs 345-352
| Target | Stop Loss | Return | Time Period |
|---|---|---|---|
| Rs 383 | 328 | 10% | 3 Months |
The stock has recently broken out of a bullish Flag pattern, signaling the continuation of the upward move. This offers a fresh entry opportunity. The daily MACD is in an uptrend and is sustaining above its nine-period average, indicating a positive bias. We expect the stock to head towards Rs 383 in the coming weeks, with the 200-day EMA providing support.
Disclaimer: The opinions, analyses, and recommendations expressed here are those of the brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
