Live
- Delhi BJP chief Virendra Sachdeva, MPs greet Shringla, Jain on nomination to RS
- Mayawati reviews BSP's expansion in seven states
- Record development in Northeast due to PM Modi’s ‘Act East Policy’: Tripura CM Manik Saha
- Yogi govt makes special preparations at Kashi Vishwanath Dham for first Monday of Shravan
- Dr Jitendra Singh bats for holistic healthcare, calls for restoring doctor-patient trust
- Delhi CM Rekha Gupta to open Teej Mela on July 25
- BJP Distrusts the Constitution, Promoting Manusmriti Agenda”: Subhashini Ali at Awaaz State Conference
- India's foreign policy transformed in last 10 Years: Harsh Vardhan Shringla
- Union Minister Sitharaman concludes Meghalaya visit; inaugurates multiple projects
- Attack on Q News and MLC Teenmar Mallanna Sparks Outrage – Teenmar Team Demands Immediate Action from CM Revanth Reddy
Trade Setup for June 25: Nifty bulls eye breakout as expiry nears; Bank Nifty faces 56,800 hurdle
Nifty eyes breakout above 25,300 ahead of June expiry. Bank Nifty tests 56,800 resistance; midcap, smallcap outperform amid easing geopolitical tensions.
As the June monthly expiry approaches, the Nifty 50 index tested fresh highs but struggled to maintain momentum. On June 24, the benchmark index opened with a strong 200-point gap, surging to an all-time intraday high of 25,317—driven by optimism over a reported ceasefire between Israel and Iran. However, unconfirmed reports of renewed tensions reversed the sentiment, causing Nifty to pare most gains and close at 25,044, up just 72 points.
Despite the volatility, broader markets outshined the benchmark. The Nifty Midcap 100 and Nifty Smallcap 100 posted gains of around 0.70%, showcasing strong investor interest beyond blue-chip stocks.
The Nifty Bank index extended its rebound, closing at 56,461.90, up 402 points. However, it continues to face stiff resistance near the 56,800 mark. Analysts believe a decisive breakout above 56,850 is needed for a sustained uptrend.
Defence stocks witnessed profit booking after a sharp rally, while Oil & Gas counters declined due to falling Brent crude prices. On the upside, banking and financial stocks remained firm thanks to improving liquidity and regulatory easing.
Looking ahead, analysts expect the markets to hold firm, supported by easing geopolitical stress and favorable domestic indicators. Siddhartha Khemka of Motilal Oswal noted that optimism may continue if global tensions de-escalate further.
Nagaraj Shetti of HDFC Securities said the short-term trend for Nifty remains positive within a range. “A sustained move above 25,300 could pave the way to 25,600. Key support lies at 24,900,” he added.
LKP Securities' Rupak De highlighted ongoing volatility but remained optimistic about Nifty reaching 25,350 if it holds above the 25,000 level. A break below could invite selling pressure towards 24,850.
Ajit Mishra of Religare Broking echoed a similar view, pointing out that while bears are active near 25,200, sectoral rotation and strength in midcaps offer trading opportunities.
Until the Bank Nifty breaks decisively above 56,850, the trend may stay choppy, added Om Mehra of SAMCO Securities, placing support around 55,700.
As expiry nears, all eyes remain on whether Nifty can break the false ceiling and push higher with conviction.
