Top 3 stocks to buy today, recommended by ankush bajaj

The nifty 50 rose 252 points, or 1.02%, to close at 25,003, white the sensex gained 443 points, or 1%, to end at 82,188.

The move came as a surprise at a time when markets have been losing steam, with the nifty slipping over the past two weeks amid concerns amid concerns over stretched valuations and global tride uncertainty. Rate-sensitive sector-LED by Real Estate, Financials, and Auto-RALLIED SHARPLY, While Optimism Around an Above-Normal Monsoon Lifted FMCG Stocks.

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Against this backdrop, market expert ankush bajaj has recommended three stocks for Monday, 9 June.

Top 3 stocks to buy today, recommended by ankush bajaj:

Buy: ICICI Lombard General Insurance Company Ltd (ICICIGI) – Current Price: 2,006.20

Why it’s recommended, The stock has recently broken out of an inverted head-shouters pattern on the Daily Chart, Indicating a Strong Bulish Reversal. It is trading well Above its key moving averages, confirming an set up uptrend. The breakout was supported by a sharp increase in volume, and the rsi is about 55, trending higher. The Macd has given a bullish crossover, reinforcing momentum. If icicigi holds Above The Breakout Level of 1,950, it is likely to continue its upward move toward 2,100–2,120 in the short term.

Key metrics: Resistance Level: 2,100–2,120 (short-term target range) Support level: 1,950 (Pattern Invalidation Level)

Pattern, Inverse Head-Rad-Shoulders Breakout on the Daily Chart

RSI: Above 55, Rising, Indicating Strengthaning Momentum

Technical analysis, ICICIGI’s Recent Breakout from the Neckline Level of 1,913 Signals a Bulish Move. The structure is validated by strong volume and a clear uptrend on bot daily and intraday charts. If the stock maintains levels Above 1,950, it would move higher to test the 2,100–2,120 zone over the next 4–5 trading days.

Risk Factors, A sustained fall bell 1,950 would invalidate the breakout and may lead to short-term correction. Browader Market Volatily or Sectoral Weakness Blad also impact price movement.

Buy at, 2,006.20

Target price, 2,100–2,120 in 4–5 days

Stop Loss, 1,950

Buy: Muthoot Finance LTD (Muthootfin) – Current Price: 2,446.20

Why it’s recommended, The stock has confirmed an ascending triangle breakout on the daily chart, which typically Signals trend continuation. It broke past the critical resistance at 2,435 with Strong Bulish Candles and Higher Volume. RSI is Above 70, Indicating Strong Momentum, and Macd is showing a bully. The breakout has also been confirmed on lower timeframes with consolidation and follow-through buying.

Key metrics: Resistance Level: 2,520–2,550 (short-term target range) Support level: 2,380 (Pattern Invalidation Level)

Pattern, Ascending triangle breakout on the daily chart

RSI, Above 70, Indicating Bulish Strength Despite Slightly Overbaring Territory

Technical analysis, Muthoot Finance is Trading in a Strong uptrend after breaking out from a two-month consolidation zone. The breakout sugges continuation toward 2,520–2,550 in the short term, provided it sustains Above 2,435. Strong Buying Momentum and a Bully Chart Structure Support the Near-Term Target.

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Risk Factors, A break below 2,380 unwalidate the breakout and trigger short-term weakness. A SUDDEN REVERSAL in Market Sentiment Could also affected performance.

Buy at, 2,446.20

Target price, 2,520–2,550 in 4–5 days

Stop Loss, 2,380

Buy: Iifl Finance LTD (IIFL) – Current Price: 451.05

Why it’s recommended, The stock has given a triangle breakout on the lower timeframes and closed decisively Above the Major Resistance Level of 440. This breakout is a strong technical signal indicating bullying control. The breakout is backed by strong price action and momentum indicators. The RSI on the Daily Chart is Trading Above 80, Reflecting Strong Buying Strength, and the Macd is on the Buy Side, Supporting the Ongoing Up. The stock shows following and a strong structure across both intraday and daily charts.

Key metrics: Resistance Level: 465–470 (short-term target range) Support Level: 443 (Pattern Invalidation Level)

Pattern, Triangle breakout on the lower timeframe with confirmation on daily close

RSI, Above 80 on the Daily Chart, Signalling Aggressive Bulish Momentum

Technical analysis, IIFL Finance has confirmed a Breakout Above Its Key Resistance Level of 440 with a strong close at 451.05. The breakout structure is supported by a high rsi and a bullish macd crossover, indicating sustained buying interest. The stock is poised to test the 465–470 range in the coming 4–5 sessions if it holds Above The Breakout Zone.

Risk Factors, A close below 443 would invalidate the bulish breakout and may lead to short-term Correction or Profit Booking. A broader market pullback may also affect the stock’s Momentum.

Buy at, 451.05

Target price, 465–470 in 4–5 days

Stop Loss, 443

Stock market wrap for 6 june

On Friday, 6 June, Indian Equity Benchmarks Opened with a Slight Gap-up and Moved Largely Sideways through the Session. The nifty 50 struggled to breach the 24,500 mark, which acted as strong Intraday Resistance. Despite Repeated Attempts, The Index Lacked Momentum and Remained Range-Bound. However, selective buying in key stocks helped indices end the day in the green.

The nifty 50 closed 252.15 points, or 1.02%, higher at 25,003.05, while the bse sensex rose 746.95 points, or 0.92%, to settle at 82,188.99. Bank nifty outperformed, Gaining 817.55 points, or 1.47%, to Finish at 56,578.40.

Among sectors, realty Led the Gains, Rising 4.68%, Driven by renewed Interest in Energy-Related Names. The metal index advanced 1.90%, while added 1.75%. No sector ended in the red.

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On the stock-specific front, shriram finance topped the Gainers, Climbing 5.65%, Followed by Bajaj Finance (UP 4.90%) and JSW Steel (UP 3.73%). On the losing side, HDFC Life Insurance Slipped 0.85%, Bharat Electronics Ltd Declined 0.71%, and Bharti Airtel Fell 0.46%.

Nifty Technical Analysis Daily & Hourly

On Friday, 6 June, The Nifty 50 Index Closed at 25,003.05, Marking a Gain of 252.15 points or 1.02%. The Index Experienced An Intraday Low of 24,671.45 and a high of 25,029.50, indicating a strong recover from Lower Levels. This close near the upper boundary of its consolidation range (24,500–25,100) sugges a potential breakout.

Technically, nifty is trading about its key moving average: the 20-day moving average (24,797) and the 40-day exponential moving average (24,377). On the hourly chart, it remains about bot the 20-hour moving average (24,782) and the 40-hour exponitive moving average (24,776), reinforcing short-term Bulish Momentum. The continuation of the Falling Wedge Breakout Pattern on the Hourly Chart Projects A Target Near 25,213.

Momentum indicators are also supported. The Daily RSI Stands at 60, While The Hourly RSI is at 67, Both indicating healthy strength. The Macd readings are positive, with the daily macd at 169 and the hourly mac

In the derivatives segment, the total call open interest (OI) is 12.31 Crore, and the Total Put OI is 11.98 Crore, Resulting in a Differerance of -32.12 Lakh, Indicating a Bearish Sentiment. However, the change in oi shows a bullish trend, with total call oi change at 4.21 Crore and Total Put Oi Change at 5.57 Crore, Leading to a Positive Difference of 1.36 Crore. The maximum call oi is at the 26,000 strike, while the maximum put oi is at the 24,000 strike. The put-call ratio (PCR) stands at 0.98, Reflecting Cutious Optimism.

India Vix, The Volativity Index, Declined by 3.00% to Close at 14.63, Suggesting Reduced Market Volativity and Increased Investor Confidence.

Global cues are also favorite. High-Level Trade Talks Between The United States and China Are Scheduled in London on June 9, Aiming to Ease Tensions in his Economic Relationship. Additional, The US Consumer Price Index (CPI) for May is set to be released on June 11, which could influence global market sensimen and monetary policy expectations.

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In conclusion, nifty’s close Above the 25,000 mark, supported by positive technical indicators and favorite global cues, sugges a bully for the coming sessions. A Sustained Move Above 25,100 Cold Open the Path towards 25,200–25,300 levels. On the downside, immediati support lies at 24,600–24,500. Traders Should Monitor Global Developments, Especially The US-China Trade Talks and Upcoming Us Inflation Data, for Potential Market-Moving Events.

Ankush bajaj is a sebi-regified 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 Certification from Nism in No Way Guarantee Performance of the Intermediary or Provide any assuance of returns to investors.

Disclaimer: The Views and recommendations giving in this article are there that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.