Nifty outlook today
Here’s today’s outlook for the Nifty 50:
### π **Market Summary (June 18, 2025)**
* The Nifty closed marginally down at **24,812**, a decline of **41 points (–0.17%)** ([moneycontrol.com][1]).
* The index remained range-bound between **24,750–24,947**, reinforcing a consolidation phase ([in.investing.com][2]).
* Technical analysts highlight a strong **resistance barrier at 25,000** and a crucial **support zone around 24,700–24,730** ([livemint.com][3]).
---
### π **Technical Insight**
* A **“Dark Cloud Cover”** candlestick formed in daily charts, signaling potential short-term reversal or sideways movement ([livemint.com][4]).
* Key indicators suggest **support between 24,730–24,650** and **resistance between 25,080–25,150** for intraday moves ([livemint.com][4]).
---
### π **Broader Market Drivers**
* **Geopolitical tensions** in the Middle East (Israel‑Iran conflict) continue to weigh on investor sentiment, dampening global cues ([republicworld.com][5]).
* **Strong domestic liquidity** and dip-buying, particularly by DII participants, are providing some support ([reuters.com][6]).
* Elevated **promoter/PE/VC selling (\~₹40,000 cr)** may pose near-term selling pressure ([economictimes.indiatimes.com][7]).
---
### π§ **Sentiment Snapshot**
* The **Market Mood Index** remains deep in the **“Fear” zone (\~41)**—suggesting cautious investor behavior ([tickertape.in][8]).
---
### π **What to Watch Today**
| Level | Action |
| ----------------- | ----------------------------------------------------------------------- |
| **24,700–24,730** | Monitor for potential bounce—buying interest often emerges near support |
| **25,000** | Watch for rejection—index has struggled to sustain above this |
| **Global cues** | Keep an eye on oil prices, Middle East headlines, US Fed commentary |
Technical views by LKP, Religare, HDFC Securities & others generally advise positioning **short-term traders** to stay disciplined—**buy the dip near 24,700** and consider **partial profit-taking if Nifty rallies near 25K** ([livemint.com][3], [samco.in][9], [moneycontrol.com][10]).
---
### ✅ **Bottom Line**
Expect more **sideways-to-slightly-down action** today, as Nifty remains within a defined **24,700–25,000** range. With global uncertainties persisting, **range-trading with tight stop-losses** is the prudent approach. A decisive breakout above 25,150 could signal renewed upside, whereas a close below 24,650 may trigger deeper profit-booking.

Comments
Post a Comment