Nifty 50 Outlook for June 23, 2025

 

Market Recap

·         On Friday, June 20, 2025, the Nifty 50 surged 319.15 points (+1.29%) to close at 25,112.4, decisively breaking above the key 25,000 level for the first time and signaling a strong bullish breakout from its recent consolidation phase

·         The rally was broad-based, with 43 out of 50 Nifty stocks advancing. Financial heavyweights like HDFC Bank (+1.44%), ICICI Bank (+1.07%), and Reliance Industries (+2.15%) led the gains, contributing over half of the index’s rise

·         All sectoral indices ended in the green, with notable strength in metals, PSU banks, realty, power, telecom, and capital goods

Technical Outlook

Level	Value Range	Commentary
Support	24,885 / 24,658 / 24,533	Strong base; 25,000 now acts as a key support
Resistance	25,238 / 25,363 / 25,590	Next upside targets; 25,238 is immediate hurdle

·         Trend: Bullish. The breakout above 25,000 and the formation of a long bullish candlestick on the daily chart indicate a shift in momentum and a potential trend reversal to the upside

·         Options Data: Highest put writing at 25,000 (1.3 crore contracts), reinforcing it as a strong support. Highest call writing at 25,500, signaling resistance in the 25,500–26,000 zone

·         Open Interest & PCR: Put writing and a PCR above 1.0 confirm bullish sentiment53.

Market Sentiment & Cues

·         Gift Nifty trading at 25,108 (+1.42%) suggests a strong positive opening for Monday6.

·         Domestic Institutional Investors (DIIs) remain strong net buyers, supporting the rally even as FII activity is moderate

·         Global cues are mixed, with European markets higher and US futures slightly negative, but domestic sentiment is firmly positive6.

Strategy & Expert View

·         Hold long positions with a daily closing stop-loss at 24,711

·         Fresh shorts only if Nifty closes below 24,711.

·         Upside targets: 25,238, 25,363, and 25,590 in the near term if momentum sustains

·         Downside risk: First support at 24,885, then 24,658 and 24,533

 

Summary Table

Bias	Above 25,000	Below 24,885
Bullish	25,238–25,590+	Cautious/Buy on dips

In summary:
Nifty 50 is expected to open strong and maintain its bullish momentum on June 23, 2025, after a decisive breakout above 25,000. The trend remains positive with immediate resistance at 25,238 and supports at 24,885. As long as Nifty holds above 25,000, the outlook is constructive, with further gains likely if heavyweights continue to lead. Traders should hold long positions with a stop-loss at 24,711 and watch for a move toward 25,238–25,363 in the coming sessions