*NIFTY INDEX Wait for breakout above ₹24,900 with volume for long positions; otherwise, stay cautious : 16.06.2025* * NSE | NIFTY 50 | CMP ₹24,718 * Current Trend: Weak to sideways bias with recent bounce from key support * Trading Zone: ₹24,450 – ₹25,000 * Trade Suitability: Sideways with bearish bias (wait for breakout confirmation) * Intraday Potential: Mild upside toward ₹24,850 if opens gap-up * Intraday View: Sideways to positive bias unless breaks below ₹24,450 * Required Volume: Not yet satisfied for bullish breakout * Trader Approach: Wait for breakout above ₹24,900 with volume for long positions; otherwise, stay cautious *CHART OUTLOOK & PREDICTION* * Nifty shows weakness after breaching short-term EMAs. However, ₹24,450 has held as strong support. The index needs to reclaim ₹24,900 with volume for bullish momentum. Failure to do so may push it toward ₹24,370. Chart suggests indecisiveness with a mild bearish tilt. *FUNDAMENTAL CATALYST* * Geopolitical tension between Israel-Iran and global risk-off sentiment are weighing on equities. However, resilient domestic macros and stable oil prices could limit downside. Upcoming China data and global cues will influence directional clarity. *UPCOMING EVENTS – CATALYST:* * Global: China macro data, Fed commentary * Domestic: No major negative event * Net Bias: Neutral to mildly positive *SUPPORT & RESISTANCE LEVELS:* * Support: ₹24,450 / ₹24,370 * Resistance: ₹24,850 / ₹25,000 / ₹25,150