The stock market has seen great movements in almost all trading sessions over June month. Last week’s stock market was a wild ride, with big fluctuations occurring almost every day. Despite the market’s rising trend since the beginning of June, there was a slight decline last Friday, which worried some investors. But do not worry! The stock market’s outlook is still pretty positive despite this setback. Many investors are curious about possible opportunities and promising stocks as we approach the next trading week. Fortunately, an expert insight was offered recently by a senior technical analyst. An overview of their research is provided here.

Will Nifty keep growing this week, or will its movements fluctuate?

I’m still very optimistic about the stock market but expect real instability this week. The National Stock Exchange index is currently between 23,300 and 23,600, showing uncertainty. This could lead to fluctuation at the month’s end, especially in the last two to three trading sessions of June. If the index breaks above 23,600, it may reach 24,000. However, if it falls below 23,300, there’s a risk of a bearish shock, potentially dropping to 22,750. Stay prepared for market swings this week.

This Week’s Best Stock Picks

We are very bullish on three stocks in the market right now, presenting excellent buying opportunities this week. The first stock is Granules, which recently gave a flag pattern on the daily chart. Buy with a stop loss at ₹470 and a target of ₹530. The second stock is Suzlon, showing a recent positive breakout. Buy with a stop loss at ₹49 and a target of ₹60. The third and most preferred stock is RVNL. Buy with a stop loss at ₹394 and a target of ₹440.

Disclaimer: Team2earn is not registered with the Securities and Exchange Board of India (SEBI) as a financial consulting company. This article is for informational purposes only. We do not promote investing. Make investment decisions based on your research, thinking, and ability to handle risk.