Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 18th Jun 2025

Market Outlook 18th Jun 2025

Nifty index opened positive but sharply fell in the initial hour of the day after which it consolidated in a lackluster manner. It managed to hold above 24800 zones but failed to cross the psychological 25k marks. It managed to close above 24850 zones with losses of around 90 points but it has to decisively cross 25000 zones for the next leg of rally to commence. It formed a bearish candle on daily frame and has started to make higher highs – higher lows from the last two sessions. Now it has to hold above 24800 zones for an upside move towards 25000 then 25250 zones while supports can be seen at 24700 then 24600 zones.

On option front, Maximum Call OI is at 25000 then 25500 strike while Maximum Put OI is at 24000 then 24800 strike. Call writing is seen at 24900 then 25000 strike while Put writing is seen at 24000 then 24850 strike. Option data suggests a broader trading range in between 24500 to 25250 zones while an immediate range between 24700 to 25100 levels.

 S&P BSE Sensex index commenced the session on a subdued note and witnessed initial profit booking during the first hour of the trade. The index recovered from the support zone near 81400 but remained largely range bound within a 300 point band for the rest of the day. It successfully held above its 20 DEMA on a closing basis and concluded the session with modest declines of around 250 points, settling above the 81500 mark. The daily chart displays a bearish candle with a lower shadow, reflecting support based buying however, the upside continues to remain capped. Now it has to cross and hold above 81800 zones for an up move towards 82000 then 82300 zones else weakness could be seen towards 81300 then 81000 zones.

Bank Nifty index opened on a flattish note near 56000 zones but failed to hold its gains and gradually drifted lower towards 55650 zones in the latter part of the session. It formed a small bearish candle on daily scale as selling pressure was seen at higher zones and Index is hovering near its 20 DEMA. Index has got stuck in a wider range as supports are intact at lower levels but momentum is missing at higher zones. Now it has to hold above 55750 zones for a bounce towards 56000 then 56250 levels while a hold below the same could see some weakness towards 55555 then 55250 zones.

Nifty future closed negative with losses of 0.55% at 24859 levels. Positive setup can be seen in AB capital, PB fintech, MCX, CAMS, TECHM, IIFL, Infy, OFSS, Coforge and LTIM while weakness in Sonacoms , Lupin, Aurobindo pharma, Sun pharma, INOX wind, Piramal pharma, Syngene, Patanjali, Tata motors and Alkem.

SAGILITY - TECHNICAL CALL OF THE DAY

Stock has been consolidating in the similar range from the last 15-17 days with increase in volumes indicating accumulation happening at lower levels. The Stock today has closed at its highest levels in the last few days which reflected strength in stock price. A positive RSI divergence is also visible on daily charts which further builds our confidence.

BUY SAGILITY CMP 41.10 SL 38.87 TGT 43.57

Top stocks to watch out for 18th Jun

Aakash Exploration:

• The company has received Letter of Award (LOI) from Oil and Natural Gas Corporation Limited (ONGC) for Charter Hiring of 01 No. 50 MT Workover Rig for deployment at Ahmedabad Asset amounting to Rs 19.36 crore. The said order is to be executed within 3 years. 

DCX Systems:

• The company has received export purchase orders from its overseas and domestic customers for manufacturing and supply of cable and wire harness assemblies amounting to about Rs 28.59 crore on a cumulative basis. 

• Of this, Rs 10.83 crore is secured from Elbit Systems Ltd, Israel, Rs 7.89 crore from ELTA Systems Ltd, Israel, Rs 5.04 crore from Rafael Advanced Defence Systems Ltd, Israel and Rs 4.83 crore from domestic customers.

Bharat Forge:

• Bharat Forge Ltd and French company Turgis Gaillard have signed a memorandum of understanding (MoU) to offer AAROK UAV in alignment to the Indian Ministry of Defence. AAROK is a MALE-class UAV developed to offer the best available technology at the lowest acquisition and deployment cost. Flying at high altitude and for long periods, it performs longrange surveillance missions. Its electromagnetic sensors and radar enable it to monitor the enemy while remaining stand of from the threats.

• With a payload of over 1.5 tonnes of weapons fired from a safe distance, AAROK also makes a decisive contribution to supporting multi-domain operations by striking far behind enemy lines, disrupting enemy defences and neutralising their surface-to-air defence systems.

EMS Ltd:

• EMS has received the lowest bidder (L-1) status awarded by UP Jal Nigam (Urban). The estimated order value (excluding GST) is approximately Rs 183.81 crore. The nature of the order includes Construction of various components for Fatehpur Sewerage and sewage treatment scheme Zone-1 Distt. Fatehpur and is expected to be executed within 24 months. 

Mahindra & Mahindra:

• The Competition Commission of India (CCI) has approved the acquisition of a 43.96% stake in SML Isuzu Limited from promoter Sumitomo Corporation and a 15% stake from Isuzu Motors Limited. Additionally, an open offer will be made to acquire up to 26% from public shareholders at Rs 1,554.60 per share.