Intraday Trading Solution👍

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Bank Nifty • Expected moves: • Bounce off 55,500–55,000 support • Breakout above 56,000–56,100 could target 56,500–57,000 • Downside risk: Breach below 55,000 opens further drop to 54,500

Technical Levels – Nifty 50 • Support: ~24,800–24,900 (double bottom put‑OI buildup) • Resistance: Near 25,100–25,200 (upper consolidation range) • Expectation: Possible dip to ~24,060 before rebound; strength lies above 25,000

📈 Stock Trade Setups – 17 June 2025 1️⃣ Tanla Platforms (₹657) • Entry: ₹640–650 • Stop-loss: ₹625 • Target: ₹700–720, then ₹750+ ⸻ 2️⃣ Biocon (₹357) • Entry: Breakout above ₹360–365 • Stop-loss: ₹345–350 • Target: ₹390–400, then ₹420+ ⸻ 3️⃣ Mphasis (₹2,707) • Entry: Sustained close above ₹2,720 • Stop-loss: ₹2,650 • Target: ₹2,850–2,900, then ₹3,000+ ⸻ 4️⃣ Vishal Mega Mart (₹124.85) • Entry: ₹120–122 zone • Stop-loss: ₹118 • Target: ₹134–136, then ₹145+ ⸻ 5️⃣ Nazara Tech (₹1,332) • Entry: ₹1,280–1,300 pullback • Stop-loss: ₹1,250 • Target: ₹1,400–1,420, then ₹1,450+ ⸻ 6️⃣ Asian Paints (₹2,243.65) • Entry: ₹2,220–2,230 support zone • Stop-loss: ₹2,200 • Target: ₹2,350–2,370, then ₹2,450+ ⸻ 7️⃣ HCL Technologies (₹1,723) • Entry: Breakout above ₹1,740 • Stop-loss: ₹1,690 • Target: ₹1,810–1,840, then ₹1,900+ ⸻ 8️⃣ Ramkrishna Forgings (₹648.40) • Entry: ₹630–640 pullback • Stop-loss: ₹620 • Target: ₹700–720, then ₹750+ ⸻ 9️⃣ Lupin (₹2,010.90) • Entry: ₹1,980–2,000 zone • Stop-loss: ₹1,950 • Target: ₹2,100–2,120, then ₹2,180+ ⸻ 🧾 Risk Management Reminder: Respect your stop-loss. Don’t risk more than 2% of your capital per trade. Stay objective and disciplined.

SROCKS IN THE WATCH Tanla Platforms: The board approved the buyback of up to 20,00,000 shares having a face value of ₹1 representing up to 1.49 per cent of the total number of shares at ₹875 per share.   Biocon: The company on Monday launched a qualified institutional placement (QIP) to raise ₹4,500 crore. As part of the offering, the firm will issue up to 139 million new shares — 11.6 per cent of its current outstanding equity base. The floor price for the QIP has been set at ₹ 323.2.   Mphasis: Mid-tier IT services company has entered into a partnership with Sixfold, a US- and UK-based AI company that provides generative AI tools for insurance underwriters.   Vishal Mega Mart: The company's promoter entity, Samayat Services LLP, is planning to offload approximately 10 per cent of its stake through a block deal, aiming to raise $588 million, according to reports.    Asian Paints: On Monday, RIL sold 8.5 million shares of Asian Paints for ₹2,207 per share through an open market transaction. On the other hand, ICICI Prudential Mutual Fund bought 8.5 million shares at ₹2,207 per share. RIL had offloaded 35 million equity shares or a 3.64 per cent stake in  Asian Paints on Thursday as well.   HCL Technologies: HCLTech has entered into a strategic partnership with E.ON, a European energy company, to support the transformation of E.ON’s cloud infrastructure under the terms of the contract.   Ramkrishna Forgings: The promoters will infuse fresh capital into the company through warrants priced at nearly three times the market value. On June 5, the company informed the stock exchanges about the issuance of warrants, each convertible into or exchangeable for one equity of face value of ₹2 each, to promoters of the company. An extraordinary general meeting (EGM) has been convened on June 28 for shareholders’ approval.   Lupin: The company has entered into a licence and supply agreement with Sino Universal Pharmaceuticals (SUP) to launch Tiotropium Dry Powder Inhaler (DPI), 18 mcg per capsule, in the Chinese market. Tiotropium DPI is used to treat chronic obstructive pulmonary disease (COPD).   Nazara Technologies: The board of directors of Nazara Technologies has approved the allotment of 50,00,000 equity shares of face value ₹4 at ₹990 per share, on a preferential basis by way of private placement to Axana Estates LLP for an aggregate consideration of ₹ 4,95,00,00,000.