
Share India Securities Research
June 20, 2025 at 01:49 AM
*MARKET TRENDS & STRATEGIES @ 7.15am – Friday, June 20th 2025*
# MARKET TRENDS:
Global: Positive
FII: (+934.82 Cr)
DII: (+605.97 Cr)
Sentiment: Risky
Market Breadth: Negative
Technicals: Breaking down
F&O: 24500 – 25500 zone.
INDIA VIX 14.25 (-0.21%)
USD/INR Futures (June) (86.77)
NIFTY PCR (26th June) 0.96
BANK NIFTY PCR (26th June) 0.66
# Nifty Outlook: We suspect, Nifty bears are likely to be everywhere on fears that the US could strike Iran.
Continue to proceed with caution.
# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
Nifty Technically:
Nifty (CMP: 24793)
SUPPORT: 24473/23933
RESISTANCE: 25000/25222
RANGE: 24600-24900
BIAS: Negative
21 DMA: 24839
50 DMA: 24413
200 DMA: 24079
Sensex (CMP 81362):
SUPPORT: 80354/78968
RESISTANCE: 81900/82784
RANGE: 80600-81600
BIAS: Negative
21 DMA: 81614
50 DMA: 80371
200 DMA: 79269
Bank Nifty Technically:
BANK NIFTY (CMP 55577):
SUPPORT: 55100/53483
RESISTANCE: 56300/57100
RANGE: 55000-56000
BIAS: Negative
21 DMA: 55814
50 DMA: 54874
200 DMA: 51870
# Nifty: In Thursday’s trade, Nifty started the day on a positive note but upside remained capped amidst profit booking and the negative takeaway was that it was that pessimism which continued all thru the session and Nifty ended on a negative note.
Nifty’s all-time-high continues to be at 26277.35 mark.
The technical landscape suggests Nifty’s major support at 24473/24150/23953 mark.
Nifty’s hurdles seen 25000/25222 mark.
Nifty’s 200 DMA at 24079 mark.
Nifty’s chart of the day suggests that the bears are likely to keep upside capped in Friday’s trade with downside targets at 24473 mark.
# Bank Nifty: In Thursday’s trade, Bank Nifty started the session on a tepid note, and witnessed an up-down session but the negative takeaway was that the benchmark ended below the dotted lines.
Bank Nifty new all-time-high is at 57049.50 mark.
Bank Nifty was seen slightly underperforming Nifty’s bearish action, ending 0.21% higher as against Nifty’s 0.08% loss.
Interestingly, Nifty PSU Banks ended 0.45% lower while Nifty Private Bank Index ended 0.39% higher.
Intraday support for Bank Nifty now seen at 55100/54500 mark and then at 53483 mark on closing basis.
In today’s trade and in near term, Bank Nifty is likely to face resistance at 56300 mark and then at 57100 mark. Bank Nifty’s 200-DMA is placed at 51870 mark.
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