Stock Market Today: Nifty 50 Trade Setup Amid Israel-Iran Conflict | Top 8 Stocks to Buy or Sell on Friday, June 13, 2025

The Indian stock market witnessed a challenging day on Thursday, June 12, 2025, as key indices faced a significant downturn. The Nifty 50, a bellwether of the market's health, shed over 1% to close at 24,888.20. This dip coincided with global headwinds and a rise in crude oil prices, adding to the prevailing market jitters. The Bank Nifty also felt the pressure, closing 0.67% lower at 56,082.56, with most sectors, notably realty and auto, ending in the red. Even broader market indices experienced an early 2% correction, painting a picture of widespread caution among investors.

Decoding the Market's Next Moves: What to Watch on Friday

As we step into Friday's trading session, market analysts are closely watching key support and resistance levels. Nandish Shah, Deputy Vice President at HDFC Securities, highlights that the immediate support for the Nifty now sits at 24,750, with a further cushion at 24,500. On the flip side, the previous support zone of 25,000-25,050 could now act as a formidable resistance, suggesting that any upward attempts might encounter selling pressure around these levels.

For the Bank Nifty, Vikas Jain, Head of Research at Reliance Securities, points to a revised support at 56,100, followed by 55,500. The pivot resistance for the banking index is placed at 57,700, indicating crucial battlegrounds for bulls and bears.

Global Cues and Domestic Resilience: A Mixed Bag

The global landscape presents a fascinating interplay of forces. The US dollar index recently slipped to a seven-week low, a reaction to softer-than-expected US inflation data. This development has fueled speculation about a potential interest rate cut by the Federal Reserve, which could have ripple effects across global markets.

Closer to home, there's a beacon of positivity. India's retail inflation cooled significantly to 2.82% in May, falling below the anticipated 3% and marking its lowest level in over six years. This domestic development offers a glimmer of hope amidst global uncertainties. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd., believes the market will likely remain in a consolidation phase, influenced by global market cues and ongoing developments surrounding the US-India trade deal.

The Elephant in the Room: The Israel-Iran Conflict

Adding a layer of geopolitical complexity to the market sentiment is the escalating tension between Israel and Iran. Recent reports from Reuters confirm that an Israeli military official has acknowledged targeting "dozens" of sites across Iran, describing it as a preemptive strike against Iran's nuclear program. This comes after Iran's earlier vow to respond to any attack. The situation remains fluid, and any further escalation could significantly impact global crude prices and investor confidence.

Expert Stock Picks for Friday: Navigating Opportunities

Despite the overall cautious sentiment, several market experts have identified specific stocks that could offer promising opportunities for traders on Friday. Here's a look at their top recommendations:

From Sumeet Bagadia, Executive Director at Choice Broking:

Subros Ltd (SUBROS): Recommended for purchase around ₹859, with a stop-loss at ₹825 and a target price of ₹920. SUBROS is showing strong bullish momentum, breaking out of a long consolidation phase with robust price structure and strong intraday demand.

Krishana Phoschem Limited (KRISHANA): Suggested buy around ₹490.05, keeping a stop-loss at ₹470 and a target of ₹525. KRISHANA exhibits strong bullish momentum, consistent higher highs and lows, and a parabolic uptrend since mid-March 2025.

From Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi:

Vijaya Diagnostic Centre Ltd (VIJAYA): Recommended for purchase around ₹960, with a stop-loss at ₹945 and a target of ₹995. VIJAYA shows a strong bullish pattern with good support.

Radico Khaitan Ltd (RADICO): Suggested buy around ₹2580, with a stop-loss at ₹2635 and a target of ₹2680. RADICO is displaying a notable bullish pattern, offering a promising opportunity.

Indian Bank: Recommended for purchase around ₹625, with a stop-loss at ₹615 and a target of ₹645. Indian Bank exhibits a consistent bullish trend, indicating potential for an extended upward move.

From Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher:

Arvind Fashions Ltd (ARVIND FASHIONS): Recommended for purchase around ₹483, with a stop-loss at ₹474 and a target of ₹520. The stock has shown a consolidation breakout with significant volume.

Vimta Labs Ltd (VIMTA LABS): Suggested buy around ₹1003, with a stop-loss at ₹980 and a target of ₹1045. VIMTA LABS has seen a decent pullback with positive candle formation and an attractive chart setup.

Asian Granito India Ltd (ASIAN TILES): Recommended for purchase around ₹64.60, with a stop-loss at ₹63 and a target of ₹70. ASIAN TILES has gained strength with higher bottom formations and decent volume.

Disclaimer: The recommendations provided above are those of individual analysts or broking companies and do not represent the views of this publication. Investors are strongly advised to consult with certified financial experts before making any investment decisions.