Welcome to your daily dose of stock market insights! Whether you’re a seasoned trader or just stepping into the world of intraday trading, this comprehensive guide will equip you with actionable recommendations for June 24, 2025. Today, we’re diving into five momentum stocks primed for short-term gains, alongside key levels for Nifty and Bank Nifty to guide your intraday strategies. Plus, we’ll review the performance of past stock picks to keep you informed about their returns and achieved targets. Let’s get started with a clear, data-driven outlook to help you navigate the Sensex and Nifty markets with confidence.
Why Momentum Stocks Matter in Today’s Market
Momentum stocks are the heartbeat of short-term trading. These stocks exhibit strong price movements backed by high trading volumes, making them ideal for traders looking to capitalize on quick gains. On June 24, 2025, the Indian stock market continues to show resilience, with Sensex and Nifty poised for potential breakouts. By focusing on stocks with bullish patterns and robust technical indicators, you can position yourself for profitable trades. This article highlights five carefully selected stocks, each with specific entry points, stop-loss levels, and target prices to maximize your returns while managing risks.
Understanding Intraday Trading Levels for Nifty and Bank Nifty
Before diving into stock recommendations, let’s set the stage with critical intraday levels for Nifty and Bank Nifty. These indices serve as barometers for market sentiment, guiding traders on potential support and resistance zones.
Nifty Intraday Levels for June 24, 2025
- First Support Level: 24,795
This level acts as a cushion where buying interest may emerge if Nifty dips. - Second Support Level: 24,686
A deeper correction could find support here, signaling a potential reversal. - First Resistance Level: 25,149
Breaking this level could trigger bullish momentum, attracting more buyers. - Second Resistance Level: 25,258
A strong close above this level may indicate a continuation of the uptrend.
Bank Nifty Intraday Levels for June 24, 2025
- First Support Level: 5,561
Expect buying interest at this level if Bank Nifty faces selling pressure. - Second Support Level: 5,533
A critical support zone for traders to watch for potential rebounds. - First Resistance Level: 56,508
A breakout above this level could spark bullish momentum in banking stocks. - Second Resistance Level: 56,785
Sustained trading above this level may signal a strong bullish trend.
By keeping these levels in mind, you can align your intraday trades with the broader market direction, enhancing your decision-making process.
Top 5 Momentum Stocks to Watch Today
Here are five momentum stocks recommended for June 24, 2025. Each stock shows promising technical patterns, such as rising volumes, bullish breakouts, or strong formations, making them suitable for short-term holding periods of 7 to 10 days. We’ve included precise entry points, stop-loss levels, and target prices to help you execute trades with confidence.
1. Polycab India Ltd. – Riding the Rising Volume Wave
Polycab India Ltd., a leading player in the cables and wires industry, is showing strong bullish momentum driven by rising trading volumes. This stock is an excellent pick for traders seeking steady gains in a robust sector.
- Action: Buy
- Entry Price: ₹6,290
- Stop Loss: ₹6,132
Place a stop loss here to protect against unexpected reversals. - First Target: ₹6,448
A conservative target for short-term gains. - Second Target: ₹6,550
Aim for this level if the stock sustains its upward momentum.
Why Polycab?
The stock’s rising volume indicates strong buyer interest, supported by positive sector tailwinds in infrastructure and real estate. Technical indicators, such as moving averages and RSI, confirm a bullish outlook, making Polycab a top pick for today.
2. GRSE Ltd. – Bullish Momentum in Defense
Garden Reach Shipbuilders & Engineers (GRSE) Ltd. is capitalizing on India’s growing defense sector. With a clear bullish trend, this stock offers a compelling opportunity for intraday and short-term traders.
- Action: Buy
- Entry Price: ₹3,493
- Stop Loss: ₹3,355
Set a stop loss to manage downside risks. - First Target: ₹3,630
A realistic target for quick profits. - Second Target: ₹3,700
Look for this level if the bullish trend continues.
Why GRSE?
GRSE’s bullish momentum stems from increased government spending on defense and a strong order book. The stock’s technical setup, including a breakout above key moving averages, supports a positive outlook for June 24, 2025.
3. Parsvnath Developers Ltd. – Breakout in Real Estate
Parsvnath Developers Ltd., a prominent real estate player, is on the verge of a global job breakout, making it an attractive pick for momentum traders. The stock’s technical strength signals potential for significant gains.
- Action: Buy
- Entry Price: ₹1,735
- Stop Loss: ₹1,665
Use this stop loss to safeguard your capital. - First Target: ₹1,805
A short-term target for cautious traders. - Second Target: ₹1,850
Aim for this level if the breakout sustains.
Why Parsvnath?
The real estate sector is witnessing renewed interest, driven by urban development and housing demand. Parsvnath’s breakout pattern, coupled with strong volume support, positions it as a high-potential stock for today’s market.
4. VIP Industries Ltd. – Volume Surge in Consumer Goods
VIP Industries Ltd., a leader in luggage and travel accessories, is displaying a volume spike, indicating robust buying interest. This stock is ideal for traders looking to capitalize on consumer discretionary trends.
- Action: Buy
- Entry Price: ₹430
- Stop Loss: ₹412
Protect your position with this stop loss. - First Target: ₹448
A achievable target for short-term gains. - Second Target: ₹455
Target this level for extended upside.
Why VIP Industries?
Rising consumer spending and a recovering travel industry are boosting VIP Industries’ prospects. The stock’s volume surge, combined with a bullish chart pattern, makes it a strong contender for June 24, 2025.
5. KEC International Ltd. – Bullish Formation in Infrastructure
KEC International Ltd., a key player in power transmission and infrastructure, is forming a bullish pattern, signaling potential for upward movement. This stock is a solid choice for traders eyeing infrastructure growth.
- Action: Buy
- Entry Price: ₹3,759
- Stop Loss: ₹3,647
Set a stop loss to limit potential losses. - First Target: ₹3,872
A realistic target for intraday or short-term trades. - Second Target: ₹3,950
Aim for this level if momentum persists.
Why KEC International?
India’s infrastructure push, coupled with KEC’s strong order pipeline, supports its bullish outlook. The stock’s technical formation, backed by positive sector sentiment, makes it a top pick for today.
Performance Review of Past Stock Recommendations
Transparency is key in trading, so let’s review the performance of our previously recommended stocks. These insights help you gauge the reliability of our picks and understand market dynamics.
- Tech Mahindra Ltd.: Achieved the first target with a 4.01% gain.
The stock capitalized on IT sector strength, delivering solid returns for traders. - Bharat Electronics Ltd.: Hit the first target with a 2.70% gain.
Defense sector momentum drove this stock’s performance, reinforcing its bullish trend. - Housing & Urban Development Corporation Ltd. (HUDCO): Gained 2.20%.
Strong fundamentals and government support for housing projects fueled this stock’s rise.
These results underscore the importance of disciplined trading with clear stop-loss and target levels. By following our recommendations, you can achieve consistent returns while managing risks effectively.
How to Trade These Stocks Effectively
To make the most of these recommendations, follow these practical tips for intraday and short-term trading:
- Set Clear Entry and Exit Points: Use the provided entry prices, stop-loss levels, and targets to structure your trades. Discipline is crucial for success.
- Monitor Market Trends: Keep an eye on Nifty and Bank Nifty levels to align your trades with broader market movements.
- Use Technical Indicators: Confirm entries with indicators like RSI, MACD, or moving averages to enhance your confidence.
- Manage Risk: Never risk more than 1-2% of your capital on a single trade. Use stop-loss orders to protect against adverse moves.
- Stay Updated: Market conditions can change rapidly. Follow reliable sources for real-time updates on Sensex, Nifty, and your chosen stocks.
By combining these strategies with our stock picks, you can navigate the market with precision and confidence.
Market Outlook for Sensex and Nifty on June 24, 2025
The Indian stock market remains optimistic, with Sensex and Nifty showing signs of consolidation before a potential breakout. Key factors influencing the market include:
- Global Cues: Positive trends in U.S. and Asian markets are boosting investor sentiment.
- Sectoral Strength: Infrastructure, defense, and real estate sectors are driving gains, supported by government policies.
- Monetary Policy: Expectations of stable interest rates are fostering a bullish environment for equities.
Traders should watch for Nifty’s resistance at 25,149 and Bank Nifty’s resistance at 56,508. A breakout above these levels could signal a strong bullish phase, while dips toward support levels may offer buying opportunities.
Why Trust Our Stock Recommendations?
Our stock picks are grounded in rigorous technical analysis, market trends, and sector insights. Here’s why you can rely on our recommendations:
- Data-Driven Approach: We analyze volume patterns, chart formations, and key indicators to identify high-probability trades.
- Proven Track Record: Past recommendations, like Tech Mahindra and Bharat Electronics, have consistently delivered solid returns.
- Risk Management Focus: Every stock pick includes stop-loss levels to protect your capital.
- Timely Insights: Our daily updates ensure you stay ahead of market movements.
By following our guidance, you’re not just trading—you’re making informed decisions backed by expertise and analysis.
Conclusion: Seize the Opportunities in Today’s Market
June 24, 2025, presents exciting opportunities for traders in the Indian stock market. With Sensex and Nifty showing strength, and sectors like infrastructure, defense, and real estate leading the charge, now is the time to act. Our five momentum stocks—Polycab India, GRSE, Parsvnath Developers, VIP Industries, and KEC International—offer clear entry points and targets for profitable trades. Combine these picks with our Nifty and Bank Nifty levels to craft a winning strategy.
Ready to take your trading to the next level? Monitor these stocks, stick to disciplined risk management, and stay tuned for daily market insights. Share your feedback in the comments, and don’t forget to subscribe for more expert stock recommendations