Technical View: Nifty fails to defend trendline breakout, selling pressure could intensify if index breaks 25,000
Monthly options data suggest the Nifty may remain in the 24,800–25,300 range in the near term, with the broader expected range being 24,500–25,500.
Trading Plan: Can Nifty 50 defend 24,800, Bank Nifty sustain above 56,000 amid Middle East tensions?
The Nifty 50 is expected to act as the range (24,800–25,100) in the upcoming session. If the index breaks above 25,100, then 25,200 is the level to focus on. However, falling below 24,800 may drive the index down to 24,700, followed by 24,500 as a crucial support zone, experts said.
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The market is expected to continue its rangebound trading in the upcoming sessions amid the ongoing Middle East conflict. Below are some short-term trading ideas to consider.
Trade setup for June 24: Top 15 things to know before the opening bell
In the upcoming sessions, the Nifty 50 is expected to remain in the range of 24,800–25,100 until it gives a decisive close on either side, according to experts.
Technical View: Non-directional activity likely to continue, bears may turn strong if Nifty decisively breaks 24,700
Monthly options data suggest that the Nifty 50 may face resistance in the 25,000–25,200 zone in the short term, with support seen around the 24,900 level.
Chartist Talks: Nifty likely to trade between 24,400–25,200 this week, says JM Financial's Rahul Sharma
Technical charts suggests that while the overall trend in Bank Nifty remains sideways to bullish, a period of consolidation over the next few sessions is likely. Key support levels to watch are 55,000 and 54,400, said Rahul Sharma of JM Financial.
Trading Plan: Will Nifty 50, Bank Nifty reverse Friday's gains amid Iran-Israel conflict-led volatility?
Given the escalated Iran-Israel tensions and the weekly F&O expiry, the Nifty 50 is likely to consolidate in the upcoming sessions with support in the 24,800–24,700 zone, followed by 24,500–24,450 (a crucial support area), unless it trades above 25,200, which remains a key hurdle for further upward movement, according to experts.
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The sustainability of Friday's gains is the key factor to watch in the upcoming sessions, as the Iran-Israel conflict and global cues could lead to volatility and consolidation in near term. Below are some short-term trading ideas to consider.
Trade setup for June 23: Top 15 things to know before the opening bell
As long as the Nifty 50 trades below 25,200, and geopolitical tensions in the Middle East—which influence oil prices—persist, consolidation and mild correction within a range-bound setup may continue. Key support levels remain at 24,700, followed by the 24,500–24,450 zone, which is also where the 50-day EMA is placed, according to experts. A fall below this crucial support zone may trigger a forceful attack from bears.
Chartist Talks: SBI Securities' Sudeep Shah bets on these 6 stocks, believes momentum strong in Bank Nifty
Given the current chart structure and improving momentum indicators, Bank Nifty is likely to continue its upward move and may test the 56,800 level in the near term with a potential extension toward 57,500, Sudeep Shah of SBI Securities said.
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Technical View: Nifty posts healthy consolidation breakout, crossing 25,200 crucial for further upside next week
The India VIX — the fear gauge — extended its southward journey for the fifth consecutive session, declining 4.09 percent to 13.67. As long as it sustains below the 15 zone, bulls may continue to find comfort.
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The market may consolidate further with a negative bias. Below are some short-term trading ideas to consider.
Trading Plan: Will Nifty 50, Bank Nifty extend weakness, and sustain below short term moving averages?
According to experts, if the Nifty 50 fails to defend 24,700 (which acted as a solid support this week), selling pressure may drag it down to the 24,500–24,450 zone. On the higher side, the resistance lies in the 24,900–25,000 zone.
Trade setup for June 20: Top 15 things to know before the opening bell
Experts believe that if 24,700 level is decisively breached, the 24,500–24,450 zone becomes a crucial support area to watch on the Nifty 50. On the upside, the 25,000 mark remains a critical hurdle for any further upward movement.
Trading Plan: Will Nifty 50 sustain above 24,700, Bank Nifty hold 55,500 amid Iran-Israel tensions?
While focusing on the Iran-Israel conflict, the Nifty 50 is expected to remain rangebound, according to experts. If the index fails to defend 24,700 on a closing basis, the 24,500–24,450 zone, being the crucial support, is likely to be tested. However, on the higher side, if it clears and sustains above 25,000, a rally toward 25,200–25,300 can be possible.
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The market is likely to remain rangebound with focus on the Iran-Israel conflict. Below are some short-term trading ideas to consider.
Trade setup for June 19: Top 15 things to know before the opening bell
According to experts, unless the Nifty 50 breaks the 24,700-25,000 range on either side, consolidation may continue.
Technical View: Consolidation may continue as long as Nifty trades below 25,000, falling VIX gives some comfort to bulls
Weekly options data suggest that 25,000 is likely to act as a key resistance zone for the Nifty 50, while 24,500 is expected to be the support zone.
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Market consolidation is expected to continue with the focus now shifting to the outcome of the US Federal Reserve meeting. Below are some short-term trading ideas to consider.
Trading Plan: Will Nifty 50 hold 24,800, Bank Nifty defend 55,400 ahead of FOMC meet outcome?
The Nifty 50 needs to clear 25,000 for a move toward 25,100–25,200, while 24,700 is likely to act as a support zone. For the Bank Nifty, 56,000 remains a key zone. Below it, consolidation may continue with support at 55,400–55,150, while a move above 56,000 could open the door to 56,100–56,800.
Trade setup for June 18: Top 15 things to know before the opening bell
According to experts, the Nifty 50 is expected to consolidate further, with support at 24,700 (Monday's low) and resistance at 25,000 in the short term.
Technical View: Nifty needs to break 24,700-25,000 zone for decisive direction, consolidation likely till then
According to expert, a reversal formation on intraday charts and a bearish candle on the daily charts indicate temporary weakness in the Nifty 50.
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The market is likely to maintain a positive bias in the upcoming session. Below are some short-term trading ideas to consider.
