Top three stocks to buy today, June 16, as recommended by Ankush Bajaj

Copyright © HT Digital Streams Limit all rights reserved. Ankush Bajaj 6 min Read 16 Jun 2025, 06:00 AMT Ankush Bajaj recommends three shares for June 16. Summary shares to buy today: Discover expert Ankush Bajaj’s top stock for Monday, June 16. The Indian stock market measures, the Sensex and the Nifty 50, suffered significant losses on Friday and detected Asian counterparts such as Japan’s Nikkei and South Korea’s Kanspi, as the tension between Israel and Iran investors haunted. The Sensex opened at 80,427.81 compared to the previous closure of 81,691.98 and dropped by more than 1,300 points, or 1.6 percent, to hit an intraday low of 80,354.59, while the Nifty started the day at 24,473 against its previous closure of 24,88.20 and 1.7 percent. -Laagtpoint of 24,473. Top three shares recommended today by Ankush Bajaj Buy: DB Realty Ltd (Current Price: £ 239.93) Why DB Realty is recommended: The stock broke out of a multi-week consolidation and made a new high of 52 weeks with a strong volume. The rising triangle outline on the daily map indicates further potential. RSI is in the middle of the 70s, indicating a strong momentum. MACD lives in the bullish zone, and the stock trades above the most important moving averages. The outbreak level around £ 235 – £ 238 has now turned into support. Important Statistics: Resistance Level: £ 245 (Short-Term Target); Support level: £ 237 (pattern invalid level); Pattern: Rising triangle outbreak; RSI: ~ 74, which indicates a strong upward momentum technical analysis: Breakout confirmed with volume and positive MACD. Price structure further supports upside down as it exists above previous resistance. Risk factors: With RSI older than 70, the stock can be bought a little too much, suggesting that a minor withdrawal is possible. If the price drops below £ 235 – £ 237, the breakdown could fail. Buy by: £ 239.93 Target Price: £ 245 Stop Loss: £ 237 Also Read: Israel-Iran-Iran conflict to keep markets buy in a short term: Manapuram Finance Ltd (current price: £ 279.54) Why Manappuram Finance is recommended: The share continues its strong returns. The breakdown of the recent consolidation series confirms a continuation of the bullish momentum. RSI is exceptionally strong at 86, and MACD is firmly positive. The price tends to be well above all most important moving averages, which is an indication of robust support of the broader tendency. IMPORTANT STATISTICS: RESISTANCE: £ 285 (short-term target), Support Level: £ 277 (pattern-validity level); Pattern: Horizontal resistance outbreak / new high RSI: ~ 86, which indicates a very strong bullish momentum technical analysis: strong exposition with price trading far beyond the moving averages. MACD confirms trend strength. Trend channel formation with bullish pricing structure on lower timeframes. Risk factors: RSI is in an overbought area, suggesting that the stock can consolidate or go back in the short term. A lock below £ 277 may indicate a failed outline or temporary top. Buy at: £ 279.54 Target Price: £ 285 Stop Loss: £ 277 Also Read: The capital goods sector gets a power-up, its weight is rising in Nifty Buy: Jubilant Ingrevia Ltd (Current Price: £ 793,55) Why Jubilant Ingrevia is recommended: The stock has a strong bullish outbreak on June Daily capital. It increased by a high volume by more than 16%, confirming the strong demand. RSI is closer to the oversight levels, but is still rising, and the MACD is positive, which is an indication of ongoing strength. The price trades well above all most important moving averages. The exposition was again tested and held on lower timeframes, suggesting that the momentum is likely to continue. Important Statistics: Resistance Level: £ 810 (short-term target), Support Level: £ 786 (pattern-validity level), Pattern: Bullish flag outbreak on the daily map, RSI: ~ 69, rising, tone reinforcing momentum. Technical Analysis: Breakout supported by volume, MACD transition and strong price action. Trade above all most important moving averages. Lower timeframes confirm the exposition with continued higher lows. Risk factors: The stock has seen a sharp move and can be bought too much in the short term, increasing the chance of minor withdrawals. A drop below £ 786 would invalidate the setup of the breakdown and could lead to short -term weakness. Buy at: £ 793.55 Target Price: £ 810 Stop Loss: £ 786 Marketrap On Friday, June 13, the Indian stock market opened with a sharp gap, responding to poor global clues and a broad risk sentiment. However, after the initial decline, the indices managed to recover some land during the day, supported by selective buying in defensive and recovery in IT shares. Despite the recovery effort, the market closed in the red, which continued its correctional phase in the short term. The Nifty 50 finished 169.60 points lower, down 0.68%, at 24,718.60, returning profits from earlier sessions. The BSE Sensex also dropped, by 573.38 points or 0.70%to finish at 81,118,60. The Bank Nifty remained under pressure and dropped 555.20 points or 0.99%to close at 55,527,35. In sectoral performance, the Realty Ssector ended slightly higher with a profit of 0.06%, while the health care index also closed in the green, with 0.04%, providing some defensive support. On the losing side, the PSU banking sector fell 1.18%, the FMCG index fell 1.05%, and the banking index fell by 0.99%, reflecting the broad-based weakness. In equity -specific action, Bharat Electronics Ltd led the Gainers with a 1.76%increase, followed by 1,46%and Tech Mahindra, with 0.89%. Among the top losers, Adani ports, which fell 2.82%, were ITC, by 1.69%and SBI, also fell by 69%. Nifty Technical Analysis Nifty fell 0.68 %and fell 169.60 points to close at 24,718,60, as the profit takes last week. The index is still trading above the most important moving averages-the 20-day SMA at 24,832 and 40-day EMA at 24.510-which indicates the underlying technical strength. Even on intraday time frames, Nifty remains firmly positioned, with the 20-hour SMA at 24,932 and the 40-hour EMA at 24.908 in the game. On the momentum front, both the daily RSI (55) and hourly RSI (34) show a temporary silence in buying enthusiasm. Similarly, while the Daily MACD (157) remains positive, the hourly counterpart is deeply negative –92, suggesting that a short-term offecle phase. Structurally, although the earlier broad game reached about 25,200, there was no fresh follow-up to intraday cards. The action appears range from 24,600 and 24,950 until new catalysts emerge. The derivative landscape paints a careful picture. Call oi stands at 12.14 crore, while Put OI is 8.82 crore, which delivers a well -call ratio of about 0.71 -slightly bullish, but not too aggressive. The options trend remains clumsy, with a CE -PE OI differential on -3.32 cr. Striking call concentrations are 25,000 and 26,000, with a large recent call supplements of 3.55 CR. On the side, the largest OI and fresh additions are 22,800, indicating the confidence in support levels below current prices. The volatility creeps higher – India VIX is 7.6 % to 15.08, which reflects on caution amid worldwide uncertainty. A preliminary trade agreement of the US China framework arrived in London this week, facilitating the export restrictions of rare earth and retaining a 90 -day tariff resistance, which supports world sentiment, although analysts warn that it does not have a firm enforcement. At the same time, tension in the Middle East rose after an Israeli strike at the core site of Iran, which lifted crude oil 7-11 % and put the risks under pressure. This duality – Dovish trading news versus geopolitical alarms – kept us and European markets modest, with secure haven flow in gold and bonds that compensate the stock profits. Emerging market currencies such as the rupee have mitigated more than £ 86 per US dollar due to a rough -powered import press and prudence of investors. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and NISM certification in no way guarantees the performance of the intermediary or gives any returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #Mark Risks #Markets Premium Read the following story