Top F&O Trading Ideas for Today: Rupak De’s Buy or Sell Strategy on Indus Towers, CDSL – June 23, 2025

New Delhi, June 24, 2025 — The Indian stock market began the week on a cautious note as geopolitical tensions flared up in the Middle East. Both Nifty 50 and Sensex opened lower on Monday, reflecting weak cues from Asian markets after the US launched military strikes on key Iranian nuclear facilities over the weekend. Top F&O Trading Ideas for Today: Rupak De’s Buy or Sell Strategy on Indus Towers, CDSL – June 23, 2025. The sudden escalation of hostilities between the US, Israel, and Iran has led to global uncertainty, raising fresh concerns over international trade and oil prices.

As of 9:15 AM IST, the Nifty 50 slipped by 0.69% to 24,939.75, while the Sensex dropped by 0.85% to 81,704.07, signaling investor nervousness.

Why is the Stock Market Falling Today?

The major trigger behind the fall in the Indian markets is the US’s coordinated military strike on Iran’s nuclear facilities, marking the biggest attack against Iran since the 1979 revolution. This military action, reportedly carried out with Israel’s collaboration, has heightened geopolitical risks globally.

Global markets reacted negatively to this development, with Asian equities trading lower in early sessions. Analysts fear that prolonged tensions could disrupt oil supplies, put pressure on global inflation, and slow down world trade — all negative cues for stock markets, especially emerging economies like India.

Market Expert View: Should You Worry?

Despite the weak start, market experts maintain a cautiously optimistic view on Indian equities. Rupak De, Senior Technical Analyst at LKP Securities, believes that Nifty 50 is still a ‘buy on dips’ market as long as it stays above the crucial 24,850 mark.

“The index has reclaimed the 21-day EMA after three days of consolidation, signaling a short-term uptrend. On the upside, we could see levels around 25,350 or even higher if the support at 24,850 holds,” said Rupak De.

F&O Market Data: Positive Signs Emerge

A close look at the F&O market reveals interesting trends:

• Open Interest (OI) buildup is visible at 25,000 and 25,100 Put options, indicating traders are still betting on Nifty remaining above these levels.
• Mild OI addition was seen at 25,400 Call but Call writing remained muted on Friday.
• Maximum OI buildup is currently seen at 25,500 CE.
• Heavy Put writing at 25,000 suggests that the market could see support around this zone.

Overall, the derivatives data backs the ‘buy on dips’ narrative, with strong positioning at support levels.

Stock Recommendations Amid Market Volatility

Even amid geopolitical risks, select stocks continue to show bullish technical setups. Rupak De of LKP Securities has recommended two stocks for positional buying:

1️⃣ Buy Indus Towers Ltd | CMP: ₹404.60 | Target: ₹430 | Stop Loss: ₹389

• Technical View: The stock has surged sharply after a phase of sideways consolidation on daily charts.
• Positive Indicators:
  • 21EMA and 50EMA bullish crossover supports upward momentum.
  • RSI (Relative Strength Index) is in a positive crossover and rising.
  • Bullish chart structure points to continued strength.
• Target: ₹430
• Support: ₹389

Why Indus Towers? — The breakout signals sustained optimism among investors, making it a good pick despite overall market volatility.

2️⃣ Buy Nava Ltd | CMP: ₹565 | Target: ₹600 | Stop Loss: ₹539

• Technical View: Nava Ltd has formed a rounding bottom breakout pattern on the daily chart, confirming bullishness.
• Positive Indicators:
  • Bullish crossover between the 21EMA and 50EMA.
  • RSI is showing bullish crossover on hourly charts.
• Target: ₹600
• Support: ₹539

Why Nava Ltd? — The rounding bottom breakout is a powerful bullish signal, supported by strong technical setups, making it an attractive buy.

Impact of Middle East Tensions on Global Trade and Oil Prices

With the escalation of US-Iran tensions, Brent crude oil prices have seen a sharp uptick, potentially posing risks to India’s import bill. Rising crude oil prices can:

• Widen India’s trade deficit.
• Increase input costs for Indian industries.
• Put upward pressure on inflation.

Investors need to monitor crude oil trends closely as further escalation could hurt the broader equity markets.

What Should Investors Do Now?

1️⃣ Stay Cautious but Optimistic: Avoid panic selling. If Nifty holds 24,850, a rebound towards 25,350 remains likely.

2️⃣ Focus on Quality Stocks: Stick to technically strong stocks like Indus Towers and Nava Ltd with strict stop-losses in place.

3️⃣ Keep an Eye on Global Cues: Geopolitical developments and crude oil prices will dictate short-term market behavior.

4️⃣ Use Dips as Opportunities: Follow a staggered buying approach instead of investing all at once.

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