After a brief period of stability, markets saw pressure on the weekly expiry day and dropped more than one percent. Although the session began with an optimistic outlook, the index steadily declined due to profit-taking in heavyweight companies across all sectors, with the decline picking up speed in the second half. The majority of sectors ended in the red, following the benchmark trend, with the biggest losers being real estate, energy, and automobiles.
A number of factors contributed to the sell-off, including a spike in crude oil prices, heightened geopolitical tensions between Iran and Israel, and expiry-related pressure after a critical support level broke. Participants in the market are now more cautious as a result of these developments, considering the current state of uncertainty, especially in the small-cap and mid-cap sectors. Additionally, until a more distinct directional trend appears, aggressive long positions should be avoided.
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 25,164, higher than the previous day’s closing price of 25,141. It was trading below the opening level at 25,057 in the morning session, making a low of 25,009, and remained below all the 20/50/100-day EMAs in the 15-minute time frame during the morning session. In the afternoon session, the Nifty Index further dragged down to 24,856 traded in red and broke all the 20/50/100/200 EMAs in the 15-minute time frame.
Nifty’s immediate resistance levels are R1 (24,921), R2 (25,007), and R3 (25,078), while immediate support levels are S1 (24,829), S2 (24,777), and S3 (24,717).
The Nifty index reached a day’s high at 25,196 and a day’s low at 24,825.9. Finally, closed near day’s low at 24,888, down in red. Today, the Nifty Index formed a strong bearish Marubozu candle in the daily time frame, indicating a strong selling pressure after closing in an indecision doji candle previous trading session, down by -253 points or -1.01%. The Relative Strength Index (RSI) stood at 54.95 (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
Bank Nifty Index opened at 56,480, higher than the previous day’s closing price of 55,968. It was trading below the opening level at the 56,292 level in the morning session and was below the 20/50/100 EMAs in the 15-minute time frame. While in the afternoon session, Bank Nifty failed to sustain at the 56,183 level and cracked down to 55,997 and was below the 20/50/100/200 EMAs in the 15-minute time frame. Bank Nifty immediate resistance levels are R1 (56,205), R2 (56,333), and R3 (56,458), while immediate support levels are S1 (55,970), S2 (55,877), and S3 (55,811).
The Bank Nifty index peaked at 56,611 and a day’s low at 55,968. Finally, rebounded from day’s low to 56,082, down by -377 points or -0.67%. The Relative Strength Index (RSI) stood at 57.95 (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.
BSE Sensex Chart & Price Action Analysis
The BSE Sensex Index opened at 82,571 and was trading above the previous day’s closing price of 82,515. It was trading below the opening level at 82,231; the level in the morning session was below all the 20/50/100-day EMAs in the 15-minute time frame. In the afternoon session, the BSE Sensex further went in a downward direction and closed below all the 20/50/100/200-day EMAs, and closed at 81,646 in the 15-minute time frame.
BSE Sensex immediate resistance levels are R1 (82,257), R2 (82,731), and R3 (83,171), while immediate support levels are S1 (81,522), S2 (81,173), and S3 (80,653). The BSE Sensex index peaked at 82,661 and a day’s low at 81,523. Finally, closed near day’s low at 81,692, down by -823 points or -1%. The Relative Strength Index (RSI) stood at 53.64 (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 12th, 2025
Even though the Nifty 50 started the day slightly higher, it continued to decline during the trading day, closing at 24,888.20, a decrease of 1.01% or -253.20 points, and reaching its lowest point of the day at 24,825.90. The BSE Sensex likewise fell, falling -1% or -823.16 points to the day’s low of 81,523.16 and finishing at 81,691.98. The BSE stayed above the 50, 100, and 200 EMAs and crossed its 20-day EMA.
With the Nifty 50 RSI at 54.97 and the BSE Sensex RSI at 53.64 (far below the overbought threshold of 70), the Nifty 50 was trading above all four EMAs (20/50/100/200). The market’s sharp decline today follows escalating Middle Eastern geopolitical concerns and Donald Trump’s reiterated threats of tariffs that will go into force on July 9.
The Nifty PSE index, which fell by -2.10% or -212.80 points and closed at 9,919.35, saw no gainers today as the markets were triggered by geopolitical fears. The main stocks that saw declines included Hindustan Petroleum, Bharat Petroleum, GAIL India, and RVNL, which saw declines of up to 5.4%. Israel’s plans to target Iran’s nuclear facilities and potential Iranian retaliation were the main causes of this steep fall in the Middle East.
Growing geopolitical worries over the Middle East caused Asian markets to plummet, while worries about the possibility of new tariffs sent global markets plunging. In the Asia-Pacific markets, the Hang Seng index in Hong Kong fell -1.39%, or -331.56 points, to end the day at 24,035.38. While the South Korean Kospi index continued its upward trend, rising 0.45%, or 12.99 points, to close at 2,920.03, the Nikkei 225 in Japan fell 0.65%, or -248 points, to conclude at 38,173. The Dow Jones Futures fell -0.63%, or -271 points, to close at 42,637 on the US market.
India VIX
The India VIX increased from 13.67 yesterday to 14.02 today, indicating that more price fluctuations and volatility in the stock market.
Trade Setup Summary
Nifty closed below all key EMAs in the 15-minute timeframe but remains above long-term EMAs in the daily timeframe. RSI at 54.95, not oversold. Strong bearish momentum with a Marubozu candle, signaling intense selling pressure. Aggressive selling is evident; avoid premature bottom fishing.
Bank Nifty formed a bearish trend since the last three trading sessions, closed below all key EMAs in the 15-minute time frame, but above long-term EMAs in the daily timeframe. Avoid aggressive longs unless strong reversal signals appear. BSE Sensex strong bearish, closed below all key EMAs in the 15-minute timeframe but above long-term EMAs in the daily timeframe.
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.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
About: Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, and its SEBI-registered research analyst registration number is INH000015729.
Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
