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Nifty’s Next Key Support At 24,700 Amid Raging Middle-East Conflict; BSE In Focus |Opening Bell Live

The Nifty 50 ended a rangebound session on June 17 with a loss of 93 points, weighed down by nervous global sentiment amid the ongoing Iran-Israel conflict. Experts expect the consolidation phase to persist, with immediate support at 24,700 — Monday’s low — and resistance at 25,000. A breach below 24,700 could see the index slip toward the key 24,500 level, while holding above 25,000 might pave the way for a move up to 25,200. GIFT Nifty signals negative start as Iran-Israel conflict enters day 6. Oil surges to 5-month high to trade above $76. Watch out BSE as shares will react to the shift in weekly expiry day from Tuesday to Thursday. Catch Nandita Khemka in conversation with Ruchit Jain, Vice President, Technical Research, Motilal Oswal Financial Services and Manoj Bahety, Founder & Fund Manager, Carnelian Asset Management

first published: Jun 18, 2025 08:58 am