Market Recap
·
On June 18, 2025, Nifty 50 closed
at 24,812.05, down 41.35 points (−0.17%), marking a second
consecutive day of decline as the index failed to hold above the crucial 24,850
support and faced persistent resistance near 25,000
·
The session saw profit booking after
an early recovery, with IT and select large-cap stocks under pressure, while
midcap and small cap indices also extended their correction.
·
Technical indicators, including RSI,
are showing a bearish trend, and the index remains above its 200-DMA but with
weakening momentum.
Level |
Range |
Significance |
Immediate
Support |
24,725–24,750 |
Key
zone to watch; a break below increases bearishness |
Next
Support |
24,500 |
Below
24,725, further downside risk emerges |
Immediate
Resistance |
24,850 |
Needs
to be reclaimed for any bullish reversal |
Major
Resistance |
24,900–25,000 |
Strong
supply zone; above this, rally to 25,100 likely |
·
Support: 24,725 is the immediate support; if breached, the
index may slide toward 24,500
·
Resistance: 24,850 is the first hurdle; only a decisive move above
this can revive bullish sentiment and target 24,900–25,000
·
Range: Most analysts expect Nifty to trade between 24,650 and 25,000, with bias turning bullish only above
24,900–25,000.
·
FII Selling: Persistent foreign investor outflows are weighing on
sentiment, though domestic institutional inflows are providing some cushion
·
Global Cues: Mixed global signals and anticipation around the US
Fed decision are keeping traders cautious
·
Technical Bias: The trend is sideways to mildly bearish in the short
term, with a flat-to-muted start expected as per Gift Nifty indications
·
If Nifty reclaims 24,850: Expect a possible rally toward 25,000–25,100.
·
If Nifty trades below 24,800: Weakness may persist, with risk of a fall to 24,725
and then 24,500
·
Overall Bias: Sideways with a negative tilt unless 24,850–24,900 is
reclaimed
Summary Table
Bias |
Above
24,900–25,000 |
Below
24,725 |
Bullish |
25,000–25,100+ |
|
Bearish |
24,500 |
|
Rangebound |
24,650–25,000 |
In summary:
Nifty 50 is expected to open flat and trade in a rangebound to mildly negative manner on June 19,
2025. Watch 24,850 as a pivot: a move above this could trigger a rally toward
25,000–25,100, while sustained trade below 24,800–24,725 may lead to further
downside toward 24,500. Traders should remain cautious and watch for global
cues and Fed commentary for fresh direction
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