The sensex jumped 1,046.30 points, or 1.29%, to close at 82,408.17, while the nifty 50 settled 319.15 points, or 1.29%, higher at 25,112.40. The bank nifty index rallied 675.40 points, or 1.22%, to end at 56,252.85.
For the week, senses and nifty 50 registered a gain of 1.59% Each, While The Bank Nifty Index Rallied 1.31%.
Stock market next week
Nifty 50 Closed Above 25,100 Level and Formed a Robust Bully Bully on the daily chart.
“The Indian Stock Market Sentiment has improved after the sharp raly on Friday. Crucial Base at 24,800. SO, One Should Maintain a Stock-Specific Approach and Look at Thos Stocks That are Looking on the Technical Chart, “Said Sumeet Bagadia, Exactive DIRECT DIRECT DIRECT DIRECT DIRECTOR Broking.
Stocks to buy
Sumeet Bagadia has recommended three stocks to buy on Monday, 23 June 2025. The three stock picks by Bagadia are HDFC Life Insurance Company, Reliance Industries and Bharat Electronics (Bel).
Here are the three stocks to buy on Monday:
HDFC Life | Buy | Target price: 845 | Stop Loss: 747
HDFC Life Insurance Company Shares Remain in a long-term uptrend, forming a consistent pattern of higher highs and higher lows on the daily timeframe Bulish Momentum. The recent price action shows a strong breakout from a rounding bottom pattern, a Classic Bulish Continuation Setup, Followed by a health of the breakout zone, which added adds furdibility to the UPTREDITY to the UPTRED
Post the restest, hdfc life shares formed a strong bullish candle, supported by consistent trading volumes – Signaling renewed buying interest and reinforcing the likelihood of finely. This price behavior sugges that the stock may be gearing up for its next leg higher.
The Relative Strength Index (RSI) Stands at 60.83, Trending Upwards with a Recent Positive Crossover, Reflecting Improving Momentum and Increasing Bullyn Strength. Technically, HDFC Life Shares are comfortable trading Above all its key moving alarges-short-term, medium-term, and long-term Emas-Allore Validates the Bully Timeframes.
A sustained movie Above the 800 Mark Cold Act as a Breakout Trigger for Further UPSIDE, Potentially Propalling The Stock Towards Higher Targets of 845 in the Near Term. The Current Technical Structure, Volume Behavior, and Momentum Indicators are well aligned to support a Continuation of the ongoing up.
Given the Strong Technical Setup and Improving Momentum, Traders May Consider Buying HDFC Life Shares at the Current Market Price, with a stop-Loss at 747 to manage downside risk. A successful breakout Above 800 count open the path for a movement 845, offering a favorite Risk-Reward Opportunity for Positional Traders, Bagadia said.
Reliance Industries | Buy | Target price: 1,585 | Stop Loss: 1,410
Reliance Industries Share Price Continues to MainTain Its UPTREND After a Strong Rally from the Lower Levels. Following the recent upward Momentum, Reliance Stock has entered into a consolidation phase, indicating healthy profit booking and base building Near Its Higher Levels – A Sign of Strench Rath Rather THAN WEAKNESS.
On the daily timeframe, Reliance Industries Shares Have Formed a Strong Bully, Backed by Robust Trading Volumes. This signals renewed buying interest and positions the stock on the verge of a breakout from its current consolidation range. A decisive and sustainable move Above The 1,475 Level Cold Act as a Breakout Trigger and Pave the way for the next leg of its upward trafficory.
Given the Strong Technical Setup and Breakout Potential, Traders May Consider Buying Reliance Shares at the Current Market Price, with a Stop-Loss Placed at 1,410 level, while a successful breakout above 1,475 could lead to a move towards the target of 1,585, Bagadia said.
BEL | Buy | Target price: 445 | Stop Loss: 390
Bharat Electronics Share Price is Hovering Near Its Record High, MainTaining a Strong Uptrend Marked by a Consistent Pattern of Higher HIGHS and Higher Lows. This price structure reflects Solid Bullym Momentum and Sustained Investor Interest, Positioning the stock firmly in an upward transaction.
After a brief phase of consolidation at higher levels, bel shares have now given a breakout supported by strong volumes, indicating renewed buying strength and the potential for a Continuation of a Continuation of weits. If the stock manages to hold Above The Crucial 410 Level, It Cold Further Accelerate Toward The UPSIDE TARGET of 445 in the Near Term.
Given the breakout and robust technical structure, traders May Consider Bel Shares at the Current Market Price, with a Stop-Loss Set At 390 Level. Sustained strength Above 410 Cold Open the Door for an Upward Move Toward 445, according to baagadia.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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