Stocks to Buy: Rajesh Palviya of Axis Sec Suggessts Nelco, Hyundai Motor, Wipro Shares Today – 13 June 2025

Stock Market Today: Indian Stock Markets Experienced A Significant Decline on Friday Morning, Leading Many to Label it a “Black Friday” for Investors. Both Major Indices Opened Significantly Lower, Responding Sharply to Escalating Geopolitical Tensions in the Middle East.

The nifty 50 index dropped to 24,473.00, a decrease of 415.20 points or -67 percetic, while the bse sensex fell to 80,429.54, down by 1262.44 POINTS or -55 per 1.55 per 126.

This Drastic Drop Followed Israel’s Launch of An Attack on Iran Early Friday, Heightening Concerns about A Potential Wider Regional Conflict.

The united states are issued a statement describing the attack as a unilateral military action by israel and cautioned Iran against retaliating by targeting us bases and factories in the area.

Markets Worldwide Reacted With Turmoil as the Situation Remains Unpredictable. Us futures and Major Asian Indices also Saw Significant Declines as Investors Hurried to Minimize their Risk Exposure.

Share Market Tips and Nifty 50 Outlook by Rajesh Palviya, SVP – Technical and Derivatives Research, Axis Securities

Nifty 50

For the Fifth Consective Week, The Index has Continued Its Consolidation with the 25,200-24,500 Levels. Therefore, any breakout on eater side may indicate the next direction. The index is firmly placed Above Its 20,50,100, and 200-DAY SMA, which reconfirms a bullish trend on a higher time frame. The crucial support zone is located Around the 24,800-24,400 levels; Hence, Any Minor Correction Around this remain a boying options for traders. The daily strength indicator rsi has turned bearish, indicating a loss of strength.

Nelco Ltd CMP: 1,052

On the daily chart, Nelco Share Price has confirmed trend Reversal, Forming a series of higher tops and bottoms. In addition, the stock has also surpassed the “Multiple Resistance Zone” of 1030 Levels on a Closing Basis. This breakout is accounable by huge volumes, which signifies Increased Participation. The stock is sustaining Above Its 20-, 50, and 100-Day Simple Moving Average (SMA), Reconfirming The Bully Trend. The daily and weekly “band bollinger” buy signal sugges increased Momentum. The daily and weekly strength indicators, including the relative Strength Index (RSI), are in favorite territory, indicating relief strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected upside is 1,200-1,255, and its downside support zone is the 1,010-985 levels.

Hyundai Motor India Ltd CMP: 1,952

With the current close, the stock has decisively surpassed the past 7-8 months’ “Multiple Resistance Zone” of 1930 Levels on a Closing Basis. Huge Rising Volumes Signified Participation. Hyundai Motor India Share Price is Trending Higher, Forming A Series of Higher Tops and Bottoms, Indicating Sustained Strength. The stock is Well Placed Above Its 20, 50 and 100-Day SMA, which reconfirms positive bias. The daily and weekly strength indicators, including the relative Strength Index (RSI), are in favorite territory, indicating relief strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected UPSide is 2030-2100, and its downside support zone is the 1930-1890 levels.

Wipro ltd CMP: 259

On the daily chart, wipro share price has confirmed a trend revered, forming a series of higher tops and bottoms. In addition, the positive crossover of the 20 and day sma reconfirms bully. Rising Volumes at Lower Levels Indicate Increased Participation. The daily and weekly strength indicators, including the relative Strength Index (RSI), are in favorite territory, indicating relief strength.

Investors Should Consider Buying, Holding, and Accumulating this stock. Its expected UPSide is 270-285, and its downside support zone is the 250-245 levels.

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.