*The Week Ahead @ 4pm, June 22nd 2025* *Israel-Iran war getting grim day-by-day.* As of writing, the US has bombed Fordo and other nuclear sites in Iran In an address from the White House, Trump warned Iran must make peace or future attacks will be "far greater". The involvement of US in the on-going Israel-Iran tussle is not a good sign as Iranian leader Ali Khamenei had already warned last week that if US participates then the consequences could lead to irreparable damages. Hence, the entire week, focus will be on USA’s further action on Iran and Iran’s response as well. Apart from Israel-Iran war, focus will also be on other key catalysts for the week like: 1) Attention will turn to Fed Chair Jerome Powell’s testimony before Congress, as markets look for signs of a hawkish tone balanced by a data-dependent approach. In the week gone by, sentiments were bit depressed despite the Federal Reserve maintaining its forecast for two rate cuts in 2025. Probably, bullish traders took it with a pinch of salt that Chair Jerome Powell was sounding hawkish as the Tariffs will likely push inflation higher in the months ahead. 2) On the data front, key US releases include The PCE report Durable goods orders and the goods trade balance. 3) June F&O expiry on Thursday, 26th June 2025, Back at home, its going to be a mega IPO week as key IPOs opening for subscription are as follows: 1) Kalpataru Ltd. IPO opens for subscription on June 24, 2025 and closes on June 26, 2025. The allotment for the Kalpataru IPO is expected to be finalized on Friday, June 27, 2025. Kalpataru IPO will be list on BSE, NSE with a tentative listing date fixed as Tuesday, July 1, 2025. 2) Ellenbarrie Industrial Gases IPO opens for subscription on June 24, 2025 and closes on June 26, 2025. The allotment for the Ellenbarrie Industrial Gases IPO is expected to be finalized on Friday, June 27, 2025. The IPO will be list on BSE, NSE with a tentative listing date fixed as Tuesday, July 1, 2025. 3) HDB Financial IPO opens for subscription on June 25, 2025 and closes on June 27, 2025. The allotment for the HDB Financial IPO is expected to be finalized on Monday, June 30, 2025. HDB Financial IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, July 2, 2025. 4) Sambhv Steel Tubes IPO opens for subscription on June 25, 2025 and closes on June 27, 2025. The allotment for the Sambhv Steel Tubes IPO is expected to be finalized on Monday, June 30, 2025. Sambhv Steel Tubes IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, July 2, 2025. # Technically speaking, immediate hurdles on Nifty are placed at 25222 mark on closing basis. Above Nifty 25222 mark, aggressive upside targets now seen at its all-time-high at 26277.35 mark. The biggest support for next week’s trade on Nifty is placed at 24473 (low as on June 13th) and then downside risk seen at seen at 23935 mark (low as on May 9th). # Long Story Short: Volatility is likely to be the hallmark. We are not completely out of the woods yet. The Nifty options data suggests Nifty is likely to be in a trading range of 23500-25000 zone. Maximum Call OI is at 26000 followed by 25500 strike prices. 25500 mark is now Nifty’s major resistance zone on closing basis. Maximum Put open interest stands at 25000 levels followed by 24000 levels. Call writing was seen at 25200 and then at 25300 strike price, while there was meaningful Put writing at 24800 and then at 24900 strike prices. # Price Forecast: Nifty CMP (25112) Support : 24721/24473 RESISTANCE: 25501/26277 RANGE: 24755-25299 200 DMA: 24078 Nifty PCR: 1.13 BIAS: Negative Bank Nifty CMP (56253) Support: 54700/53300 RESISTANCE: 57709/58888 RANGE: 55221-56899 200 DMA: 51895 BankNifty PCR: 0.87 BIAS: Negative *Preferred trade for the week:* Nifty (25112): Sell at CMP. Targets at 24770/24522. Aggressive targets at 24320 zone. Stop at 25301 *TOP SECTORS*: # Bullish Sector: AUTO, REALTY # Bearish Sector: ENERGY, MEDIA, METALS, PSUBANKS *STOCKS IN FOCUS*: # BULLISH VIEW: IDFCFIRSTB, JIOFIN, M&M, DLF, RVNL, MCX, BSE, NAUKRI, SBICARD # BEARISH VIEW: HEROMOTOCORP, BAJAJ AUTO, SHREECEM, TCS, INFY, TATATECH *INDUSTOWER* Incorporated in 2006, Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world, enabling communication for millions of people daily for the growing network connectivity needs of India. Indus Towers deploys, owns and manages telecom towers and communication structures, for various mobile operators. Indus Towers Limited has over 249,305 towers and 405,435 co-locations (31st March 2025) and a nationwide presence covering all 22 telecom circles. Indus Towers caters to all wireless telecommunication service providers in India. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by revenue. Indus Tower product and service portfolios are designed around these three core elements: 1) Tower: Mounting the Operator Antennae at an Appropriate Height. 2) Power: Providing Uninterrupted Energy Supply to Telecom Equipment 3) Space: For Housing Telecom and Power Equipment In pioneering Smart City partnerships with New Delhi Municipal Council (NDMC), Vadodara Municipal Corporation (VMC), Dehradun Smart Cities (DSCL) and Bhopal Smart City (BSCDCL), Indus Towers has rolled out its Smart Digital Infrastructure of Smart poles LED lights, CCTV cameras, Variable Digital Messaging Board, Environment Sensors, City Public Wi-Fi including the fiber backbone. Highlights for the fourth quarter ended March 31, 2025 Total Tower base of 249,305 with closing sharing factor of 1.63 Consolidated Revenues at Rs. 7,727 Crores, up 7.4% Y-o-Y Consolidated EBITDA at Rs. 4,395 Crores, up 7.1% Y-o-Y Consolidated Profit after Tax at Rs. 1,779 Crores, down 4.0% Y-o-Y Highlights for the full year ended March 31, 2025 Consolidated Revenues at Rs. 30,123 Crores, up 5.3% Y-o-Y Consolidated EBITDA at Rs. 20,845 Crores, up 41.9% Y-o-Y Consolidated Profit after Tax at Rs. 9,932 Crores, up 64.5% Y-o-Y. The PE ratio of Indus Tower stands at 10.35, while the PB ratio is 3.16. Promoter holding have gone down from 53.01 (30 Sep 2024) to 50.0 (31 March 2025). Domestic Institutional Investors holding has gone up from 16.91 (30 Sep 2024) to 18.40 (31 March 2025) while Foreign Institutional Investors holding has gone up from 24.19 (30 Sep 2024) to 26.41 (31 March 2025). Indus Towers has a market cap of Rs 1,06,661 Cr. # Technically speaking, brace yourselves for a major ‘Flag Pattern’ breakout play from a probable ‘higher consolidation zone’ on the weekly charts. An impulse uptrend is seen forming on the daily time scale, with positive SAR series, with major support placed at Rs. 352-365 zone. The stock is aiming to make a higher high-low on the daily/weekly/monthly chart, and is fast approaching its psychological resistance area at its all-time-high at 360 area. Above 360-mark, momentum buying quite likely. Add to that a bullish divergence and a rising stochastic signal (on weekly charts) with recent increase in volumes signalling a larger rebound. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 362 zone. The level of Rs 362-365 zone will act as a strong support. Simply buy at CMP, and on dips between 375-390 zone, targeting 433/465 mark and then at psychological 500 mark. Stop below 349. Holding Period: 112-15 Months.. *Disclaimer:* The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries. 🙏🇮🇳