Today, the Indian equity markets have largely traded in green. Gift Nifty traded higher, indicating a positive start to the Nifty index. After Rapido’s news about entry in the food delivery business emerged, the shares of Zomato and Swiggy tumbled.  The Nifty witnessed a strong rally above the mark of 25,000 and incidentally remained at the same level at which the index had closed on May 26 but had failed to sustain above those levels. Bank Nifty record all time high of 57,049 for the first time, and Sensex closed at 82,445 on Monday.

On the Global front, today the US and China delegates gathered in London to resume their trade talks, which were halted due to acquisitions from both sides and dishonoring the temporary trade agreement that was arrived at in Geneva a month ago. This week, the inflation data will be reported by both India and the US, which could provide their respective central banks further cues for monetary policy. Promoters of Suzlon Energy are planning to offload a stake worth up to Rs 1,300 crore.

In this overview, we will analyze the key technical levels and trend directions for Nifty, Bank Nifty, and BSE Sensex to monitor in the upcoming trading sessions. All The charts mentioned below are based on the 5-minute timeframe.

NIFTY 50 Chart & Price Action Analysis

The Nifty 50 Index opened at 25,160, a gap up of +157 points, and was trading above the previous day’s closing price of 25,003. It was trading above the 25,117 level in the morning session, made a low of 25,077, and was above the 20/50/100/200-day EMA in the 15-minute time frame. In the afternoon session, the Nifty formed a range-bound between 25,091 and 25,121 levels and closed at 25,103.

Nifty’s immediate resistance levels are R1 (25,124), R2 (25,160), and R3 (25,209), while immediate support levels are S1 (25,083), S2 (25,029), and S3 (24,962) in the 30-minute time frame.  

The Nifty index made a day high at 25,160 and closed above previous resistance 2 at 25,065 and below 25,115 of resistance 3 as per the last trading session, closing at 25,103, up by +100 points or +0.4%. The Relative Strength Index (RSI) stood at 61.8 (well below the overbought zone of 70) in the daily time frame, and Nifty 50 was above all 20/50/100/200 EMAs.

Bank Nifty Chart & Price Action Analysis

The Bank Nifty Index opened at 57,049 and hit a record high was above the 57,000 level. Bank Nifty was trading above with +261 points more than the previous day’s closing price of 56,578. It was trading above the 56,923 level in the morning session and was above all 20/50/100/200-day EMAs in the 15-minute time frame. In the afternoon session, it touched a day’s low at 56,792 and was trading below the 20 EMA in the 15-minute time frame. Bank Nifty also formed a range-bound between 56,811 and 56,954 and closed at 56,839.

Bank Nifty immediate resistance levels are R1 (56,946) and R2 (57,049), while immediate support levels are S1 (56,792), S2 (56,629), and S3 (56,457) in the 5-minute time frame. 

The Bank Nifty index peaked at 57,049 and closed at 56,839, up by +261 points or +0.46%. The Relative Strength Index (RSI) stood at 69.31 (well below the overbought zone of 70) in the daily time frame, and Bank Nifty was above all the 20/50/100/200 EMAs.

BSE Sensex Chart & Price Action Analysis

The BSE Sensex Index opened at 82,574 and was trading above the previous day’s closing price of 82,188. It was trading above the 82,518 level in the morning session, breaking the 20/50/100/200-day EMA in the 15-minute time frame. It touched a day’s low at 82,369. In the afternoon session, the BSE Sensex also formed a range-bound between 82,600 and 82,400 levels and closed at 82,445.

BSE Sensex immediate resistance levels are R1 (82,727), R2 (83,127), and R3 (83,359), while immediate support levels are S1 (82,365), S2 (82,073), and S3 (81,830). The BSE Sensex index peaked at 82,669 and closed at 82,445, up by +256 points or +0.31%. The Relative Strength Index (RSI) stood at 60.78 (well below the overbought zone of 70) in the daily time frame, and BSE Sensex was above the 20/50/100/200 EMAs.

Market Recap June 9th, 2025

With the RBI’s decision to lower the repo rate by 50 basis points to 5.50% and change its policy stance to neutral on Friday, the broad indices have mostly moved in the green, with the Nifty 50 starting above the 25,000 mark. The Nifty 50 opened the day gapping higher at 25,160, the day’s high, and continued to trade flatly throughout the day. At 25,103.20, up 100 points or 0.4%, the Nifty index ended above all four 20/50/100/200 EMAs. Its daily RSI was 49. The BSE Sensex also showed optimism, rising 256.22 points, or 0.31%, from its opening price of 82,574.55 to 82,669 and closing at 82,445.21. The Nifty Bank index closed at 56,839.60, up 261 points or 0.46%, after surpassing the 57,000 mark and hitting its highest point ever, 57,049.5.

The Nifty Smallcap 50 index led the gains among the top sectoral performers, rising 166.8 points, or 1.87%, to close at 9,108.15. The highest small-cap gainer after the RBI’s rate drop was Five-Star Business Finance, which rose 10%; IIFL Finance likewise jumped 8%; and Multi Commodity Exchange of India gained 7.25%. With gains of up to 4% for Bank of India, Bank of Maharashtra, and Indian Bank, the Nifty PSU Bank Index trailed behind with 108.15 points, or 1.52%, closing at 7,208.45. With Hyundai Motor, Intergloble Aviation, Cholamandalam Investment, and PFC rising up to 4%, the Nifty Next 50 Index also saw gains, closing at 68,843 up 850.65 points, or 1.25%.  With profit bookings in Brigade Enterprises, Sobha, Prestige Estates, and Macrotech, the Nifty Realty Index was the only sectoral index in negative, finishing at 1,038 down -1.45 points, or -0.14%.

As the two largest economies, the US and China, restarted trade talks, Asian markets also opened higher Monday. According to reports, China had approved the export of rare earths, and the US company Boeing had started delivering commercial jets to China. Hong Kong’s Hang Seng index saw the largest rise of any Asia-Pacific market, rising 1.63%, or 388.89 points, to close at 24,181.43. South Korea’s Kospi index then rose 1.55%, Shanghai’s index increased 0.43%, and Japan’s Nikkei 225 gained 0.92%.

Trade Setup Summary

Nifty formed a range-bound between 25,091 and 25,121 in the afternoon and closed at 25,103. Consider long trades if support holds, or wait for a breakout above R1/R2.

Bank Nifty also formed a range-bound between 56,811 and 56,954 and closed at 56,839. Watch for a bounce from S1 or a breakout above R1 for long trades; caution if it breaks below S1. BSE Sensex formed a range-bound today between 82,400 and 82,600 and closed at 82,445. Look for long opportunities on support bounces or breakouts above R1.

All indices closed strong above key resistance levels and major EMAs with healthy RSI readings, indicating momentum remains positive. Traders should consider these key support and resistance levels to enter long or short positions following the price break from the key levels. Also, traders can combine moving averages for more accurate entry and exit points.

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