The Nifty entered a consolidation with a positive tilt in the final two sessions. Although the Nifty had a strong start to the day on Tuesday, it was unable to hold onto its highs and entered range-bound trading early in the day. Later, the choppy motion persisted until the session’s conclusion. Even though the short-term movement is erratic, the Index near-term uptrend structure is still positive. Nifty was flat, Bank Nifty & Sensex was in the red for today session.
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 was flat after rallying for four trading sessions and today opened at 25,196. It was trading below the opening level at 25,136 level in the morning session, made a low of 25,055, and was above all the 20/50/100/200-day EMAs in the 15-minute time frame. In the afternoon session, the Nifty Index broke the 20-day EMA (25,117) and closed at 25,091 in the 15-minute time frame.
Nifty’s immediate resistance levels are R1 (25,161), R2 (25,200), and R3 (25,236), while immediate support levels are S1 (25,086), S2 (25,029), and S3 (24,962). The Nifty index made a day high at 25,199 and closed at 25,104, remaining flat from the last trading session, closing at 25,103, up by +1 point. The Relative Strength Index (RSI) stood at 61.82 (well below the overbought zone of 70) in the daily time frame, and Nifty 50 was above all the 20/50/100/200 EMAs in the daily time frame.
Bank Nifty Chart & Price Action Analysis
The Bank Nifty Index opened at 56,993, higher than the previous day’s closing price of 56,839. It was trading below the opening level at the 56,652 level in the morning session and broke the 20-day EMA (56,699) in the 15-minute time frame. In the afternoon session, it was trading at 56,579, breaking downwards the 20 and 50 EMAs (56,661 and 56,648 levels) in the 15-minute time frame.
Bank Nifty immediate resistance levels are R1 (56,692), R2 (56,801), and R3 (57,050), while immediate support levels are S1 (56,540), S2 (56,450), and S3 (56,358). The Bank Nifty index peaked at 57,015 and closed at 56,629, down by -210 points or -0.37%. The Relative Strength Index (RSI) stood at 66.03 (well below the overbought zone of 70) in the daily time frame, and Bank Nifty was above all the 20/50/100/200 EMAs in the daily time frame.
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BSE Sensex Chart & Price Action Analysis
The BSE Sensex Index opened at 82,643.73 and was trading above the previous day’s closing price of 82,445. It was trading below the opening level at 82,490 level in the morning session was above all the 20/50/100/200-day EMAs in the 15-minute time frame. It touched a day’s low at 82,240. In the afternoon session, the BSE Sensex closed below the 20-day (82,430) and 50-day EMA (82,360) and closed at 82,343 in the 15-minute time frame.
BSE Sensex immediate resistance levels are R1 (82,674), R2 (83,148), and R3 (83,359), while immediate support levels are S1 (82,296), S2 (82,073), and S3 (81,830). The BSE Sensex index peaked at 82,680 and closed at 82,391, down by -53 points or -0.06%. The Relative Strength Index (RSI) stood at 60.30 (well below the overbought zone of 70) in the daily time frame, and BSE Sensex was above all the 20/50/100/200 EMAs in the daily time frame.
Market Recap June 9th, 2025
The Nifty 50 completed the day flattishly after opening above the 20-day EMA in the daily time frame at 25,196, peaked at 25,199.30, and closing at 25,104.25. The pattern was also mirrored by the BSE Sensex, which opened at 82,643.73 and closed at 82,391.72, down -53.49 points, or -0.06%. With the Nifty 50 RSI at 61.46 and the BSE Sensex RSI at 59.87 (far below the overbought zone of 70), both indexes moved above all four 20/50/100/200 EMAs. This was mostly because investors were booking profits because the markets had been trending optimistically in the days after the RBI rate cut.
The Nifty IT index was the biggest gainer on the sectoral front, closing at 38,299.95, up 630.75 points, or 1.67%. The biggest winners, rising up to 3%, were IT equities, such as Oracle Financial Services Software Ltd., Persistent Systems Ltd., Mphasis Ltd., LTI Mindtree, and Coforge. The lead was followed by the Nifty Media index, which closed at 1,731.65, up 18.65 points, or 1.09%. Leading companies with gains of up to 5% were Network18, Zee Entertainment, Hathway Cables, and Nazara Technologies.
The main laggard was the Nifty Realty index, which closed at 1,026.30 after dropping -11.85 points, or 1.14%. The index declined as a result of more than 2% losses by Macrotech Developers Ltd. and Prestige Estates. With a closing value of 7,170.85, the Nifty PSU Bank Index was likewise down -37.60 points, or -0.52%.
Asian markets had mixed outcomes Tuesday as the second day of the US-China trade talks began and expectations of policy easing among the world’s leading nations grew. Among Asia-Pacific markets, the Hong Kong Hang Seng index stayed flat, down -0.08%, or -18.56 points, while the South Korean Kospi index continued its upward trend, closing at 2,871.85, up 0.56%, or 16.08 points. The Shanghai index dropped -0.44%, or 14.95 points, to conclude at 3,384.82, while Japan’s Nikkei 225 increased 0.32%, or 122.94 points, to close at 38,211.51.
Trade Setup Summary
Nifty 50 closed nearly flat at 25,104, up just +1 point, after a volatile session. It remains above all key daily EMAs, but slipped below the 20-EMA on the 15-min chart, indicating short-term indecision.
Bank Nifty ended at 56,629, down -0.37%, also breaching short-term EMAs on the intraday chart, but holding above all daily EMAs. On the upside, a breakout above 56,801 can trigger momentum towards 57,050 and higher. If 56,540 fails to hold, expect further correction towards 56,358.
Sensex closed at 82,391, down -53 points, with similar technical signals: above all daily EMAs but below short-term EMAs intraday. If Sensex slips below 82,296, expect further downside towards 82,073 and 81,830.
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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