The Nifty, Bank Nifty, and Sensex all started the day gapping down due to weak global signals, but as the day went on, careful purchases of heavyweight stocks helped limit some of the losses.  The majority of industries followed the general pattern, with banking and FMCG emerging as the biggest laggards.  With losses of around 0.5 percent apiece, the wider indexes also continued to be under pressure.

A dramatic increase in the price of crude oil was a major factor in the early response. Inflation worries are heightened if tensions continue as Brent crude prices surged to their highest level of the year, close to $76/barrel. Rising Middle East tensions following Israel’s attacks on strategic Iranian locations are to blame for the increase in oil prices. As riskier stocks continued to suffer, investors turned to safe-haven assets like gold.

The outcome was market consolidation, coupled with increased valuations of local stocks and new worries that the US will apply unilateral tariffs in the coming weeks. However, the impact was lessened by a slowdown in CPI inflation. On Friday, the market saw severe weakness, but it managed to display an upward comeback from the lowest levels in the closing moments.

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 24,473, a gap down of 415 points lower than the previous day’s closing price of 24,888. It was trading above the opening level at 24,690 in the morning session, making a low of 24,473, and remained below all the 20/50/100/200-day EMAs in the 15-minute time frame during the morning session. In the afternoon session, the Nifty Index climbed up  24,735 traded in green, and broke all the 50/100/200 EMAs but was above the 20-day EMA in the 15-minute time frame.

Nifty’s immediate resistance levels are R1 (24,772), R2 (24,890), and R3 (24,963), while immediate support levels are S1 (24,649), S2 (24,471), and S3 (24,305).

The Nifty index reached a day’s high at 24,754 and a day’s low at 24,473. Finally, it closed at 24,718, down in the red, down by -169 points or -0.68%. The Relative Strength Index (RSI) stood at 50.53 (well below the overbought zone of 70) in the daily time frame, and Nifty 50 was above the 50/100/200 EMAs and below the 20-day EMA in the daily time frame.

Bank Nifty Chart & Price Action Analysis

The Bank Nifty Index opened at 55,149, lower than the previous day’s closing price of 56,082.  It was trading above the opening level at the 55,485 level in the morning session and was below all the 20/50/100/200-day EMAs in the 15-minute time frame. While in the afternoon session, Bank Nifty sustained the level of 55,450 and closed at 55,577 and was below the 50/100/200 EMAs but slightly above the 20-day EMA in the afternoon session. 

Bank Nifty immediate resistance levels are R1 (55,691), R2 (55,974), and R3 (56,199), while immediate support levels are S1 (55,375), S2 (55,142), and S3 (54,857). 

The Bank Nifty index peaked at 55,688 and had a day’s low at 55,149. Finally, it rebounded from the day’s low to 55,527, down by -555 points or -0.99%. The Relative Strength Index (RSI) stood at 50.98 (well below the overbought zone of 70) in the daily time frame, and Bank Nifty was above the 50/100/200 EMAs and below the 20-day EMA in the daily time frame.

BSE Sensex Chart & Price Action Analysis

The BSE Sensex Index opened at 80,427 and was trading below the previous day’s closing price of 81,691. It was trading above the opening level at 81,056 in the morning session and was below all the 20/50/100/200-day EMAs in the 15-minute time frame. In the afternoon session, the BSE Sensex sustained at the 81,000 levels and closed at 81,162 below all the 50/100/200-day EMAs but above the 20-day EMA in the 15-minute time frame. BSE Sensex immediate resistance levels are R1 (81,510), R2 (81,832), and R3 (82,102), while immediate support levels are S1 (80,907), S2 (80,626), and S3 (80,362). 

The BSE Sensex index peaked at 81,238 and had a day’s low at 80,354. Finally, it rebounded from the day’s low to 81,118, down by -573 points or -0.7%. The Relative Strength Index (RSI) stood at 49.15 (well below the overbought zone of 70) in the daily time frame, and BSE Sensex was above all the 50/100/200 EMAs and below the 20-day EMA in the daily time frame.

Market Recap June 12th, 2025

Increased geopolitical tensions caused the broad indexes to open lower as Israel began attacking targets in Iran, primarily missile manufacturers, nuclear facilities, and military officials. The Nifty 50 began the trading day down at 24,473, but it steadily rose and ended the day at 24,718.60, down -0.68% or -169.6 points. The similar pattern was followed by the BSE Sensex, which opened lower at 80,427.81, fell to the day’s low of 80,354.59, and closed at 81,118.60, down -0.70% or -573.4 points. Although the BSE broke through its 20-day EMA, it was still above the 50, 100, and 200 EMAs. With the Nifty 50 RSI at 50.55 and the BSE Sensex RSI at 49.15 (far below the overbought threshold of 70), the Nifty 50 was also trading above the 50, 100, and 200 EMAs but below the 20-day EMA daily.

Except for the Nifty India Defence Index, which rose 1.3% or 131 points, to close at 8,791.6, practically every sector exhibited pessimistic views as the markets erupted owing to geopolitical concerns. The index increased as a result of up to 5% gains in defense firms, such as HAL, BEL, Data Patterns, GRSE, and Unimech Aerospace. While several indices, like Nifty Healthcare, Nifty IT, Nifty Media, and Nifty Realty, saw increases of up to 0.17%, they closed the day flat.

The Nifty PSU bank index was the biggest laggard, closing at 6,934.85, down -1.18%, or -82.65 points. Canara Bank, Indian Overseas Bank, Union Bank, and SBI were the biggest losers; their declines of up to 4% caused the index to decline. Then came the Nifty FMCG index, which fell -1.05%, or -576.95 points, and ended the day at 54,527. The main firms that fell in this index were United Spirits, ITC, Colgate-Palmolive, and VBL, which witnessed a 2.5% decrease. Rising tensions in the Middle East, including Israel’s airstrikes on Iran’s nuclear facilities and potential Iranian retaliation, were the main causes of this steep decrease.

With all of the main Asian indexes closing in red, the Asian markets plummeted as geopolitical worries about the Middle East increased. In Asia-Pacific markets, Hong Kong’s Hang Seng index fell -0.6%, or -142.8 points, to end the day at 23,892.56. After rising for seven days, the South Korean Kospi index fell 0.88%, or 25.4 points, to settle at 2,894.62, while the Nikkei 225 in Japan fell 0.9%, or -338.84 points, to conclude at 37,834.25. Dow Jones Futures fell -1.12%, or -481 points, to close at 42,487.02 in the US market.

India VIX

The India VIX increased from 14.02 yesterday to 15.08. In the last two trading sessions, the volatility has surged 10.3%, indicating more price fluctuations and volatility in the stock market.  

Trade Setup Summary

The Nifty 50 opened with a sharp gap down, tested support near 24,473, and rebounded but closed in the red. The index remains volatile due to geopolitical tensions and negative global cues. Given ongoing volatility and negative sentiment, avoid aggressive positions and wait for clear directional moves above resistance or below support. A break below 24,471 could trigger further selling towards 24,305.

Bank Nifty opened with a gap down, tested support at 55,149, and in the afternoon session, Bank Nifty rebounded but closed weak. All banking stocks were in the red, reflecting sector-wide weakness. A break below 55,142 could trigger further selling towards 54,857.

Sensex opened gap down, tested support near 80,354, and rebounded but closed weak. The index remains under pressure from global cues and negative sentiment. Trade bias is neutral and cautious. A break below 80,626 could trigger further selling towards 80,362.

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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