Nifty outlook today

 

Here’s today’s outlook on the Nifty 50:

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## 📈 Market Snapshot

* **Nifty 50** opened slightly positive at around 25,128 but ended the day nearly flat (\~25,104), marking a modest gain of about 0.1 % ([reuters.com][1], [spidersoftwareindia.com][2]).

* **Bank Nifty** extended its bullish momentum, driven by the RBI’s surprise rate and liquidity cuts, hitting new highs ([livemint.com][3]).

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## 🧭 Key Drivers

1. **Policy Action from RBI**

   The central bank delivered a more aggressive than expected rate cut (50 bps) and liquidity easing, fueling strong momentum in financials & banking sectors ([livemint.com][4]).

2. **Global Tailwinds**

   U.S.–China trade optimism and positive U.S. job data supported gains in IT and mid/small-cap segments ([reuters.com][1]).

3. **Profit-Taking in Financials**

   Despite broader strength, profit-taking in heavyweight financial names (HDFC, ICICI) weighed on the index, keeping it largely flat ([reuters.com][1]).

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## 🔍 Technical & Expert Highlights

* **Support/Resistance Levels (Kotak Securities, SAMCO, HDFC)**

  * Nifty immediate **support** at \~25,000–25,000 region; below this could threaten trend.

  * **Resistance** at \~25,200–25,300; clearing this may open up 25,350–25,400 ([livemint.com][3]).

* **Momentum Outlook**

  Harshubh Shah of ET Markets flagged June 10–11 as key for heightened volatility, with June 16 as a potential pivot point ([moneycontrol.com][5]).

* **Mid-Term Prospects**

  * ICICI Direct’s Dharmesh Shah predicts Nifty hitting **25,500** in the near term, and new highs by Sept–Oct. Favourable sectors: banks, capital goods, autos, PSUs, metals. Stock picks include Adani Ports, ABB and Bank of Maharashtra ([m.economictimes.com][6]).

* **Bullish Monthly View**

  Bajaj Broking sees Nifty eyeing **25,700** during June on the back of rate cuts, strong mid-cap earnings, and positive monsoon conditions ([bajajbroking.in][7]).

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## ⚖️ Summary

* **Short-term**: The outlook is cautiously bullish with Nifty holding above 25,000. A sustained breakout above 25,200–25,300 could push it toward 25,350–25,500.

* **Catalysts to Watch**: Bank Nifty’s strength, global macro developments, and RBI’s liquidity stance.

* **Risks**: Any sharp sell-off in financials, failure to breach resistance levels, or global headwinds could stall progress.

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### 🛠️ Strategy Tips

* **Buy-the-dip** approach may work well as long as 25,000 holds.

* Keep an eye on technical resistance at **25,200–25,300**, which could signal continuation or consolidation.

* Watch **Bank Nifty** closely—strength there often leads broader Nifty moves.