The Nifty, Bank Nifty, and Sensex all started the day on a cautious note due to geopolitical tensions, but as the day went on, careful purchases of heavyweight stocks helped bring the indices upwards. All the sectoral indices ended in green with Nifty IT and Nifty CPSE leading the gains. The Nifty 50 index inched closer to the 25,000 mark even amid the Iran-Israel war scenario.
Crude oil prices, which saw a dramatic rise on Friday due to Iran-Israel war, reached closer to $76/barrel, and slightly eased on Monday to $72.5/barrel. India’s wholesale price inflation eased to a 14-month low, from 0.85% in April to 0.39% in May 2025, and anticipation of better monsoon signals an optimistic medium-term outlook for the Indian market. Amid the ongoing geopolitical tensions, investors turned to safe-haven assets like gold which reached the Rs 1 Lakh mark again.
However, long term investors see this as a strategic buying opportunity hence the upward trajectory in the Indian markets today. On Monday, the market saw slight weakness during the opening, but it managed to display an upward comeback from the lowest levels through out the day.
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
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The Nifty 50 Index opened on a flatter note at 24,732, up by 13 points than Friday’s closing of 24,719, and reached a day’s low at 24,704. It was trading above the opening level around 24,800 range in the morning session, and remained above the 20/50- day EMA, while later inching closer to 100/200-day EMAs in the 15-minute time frame during the morning session. In the afternoon session, the Nifty Index climbed above 24,920 level reaching an intraday high of 24,967, and broke above all four EMAs in the 15-minute time frame.
Nifty’s immediate resistance levels are R1 (24,978), R2 (25,043), and R3 (25,121), while immediate support levels are S1 (24,874), S2 (24,818), and S3 (24,712). The Nifty index reached a day’s high at 24,967, reaching closer to the 25,000 mark and saw a day’s low at 24,704. Finally, it closed at 24,946, up in the green, gaining by 227.9 points or 0.92%. The Relative Strength Index (RSI) stood at 55.7 (well below the overbought zone of 70) in the daily time frame, and Nifty 50 closed above all four 20/50/100/200 EMAs.
Bank Nifty Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The Bank Nifty Index also opened on a flat trend at 55,554, slightly above the previous day’s closing price of 55,527. It was trading above the opening level at the 55,690 level in the morning session and remained above the 20- day EMA, while later inching closer to 50-day EMA, but was below the 100/200-day EMAs in the 15-minute time frame during the morning session. While in the afternoon session, Bank Nifty sustained the level of 55,850 and closed at 55,945 and was below the 200 EMA but above the 20/50/100-day EMAs in the afternoon session.
Bank Nifty immediate resistance levels are R1 (56,088), R2 (56,194), and R3 (56,330), while immediate support levels are S1 (55,858), S2 (55,651), and S3 (54,399). The Bank Nifty index peaked at 56,000 and had a day’s low at 55,381. Finally, it rebounded from the day’s low to close at 55,945, up by 417.5 points or 0.75%. The Relative Strength Index (RSI) stood at 55.3 (well below the overbought zone of 70) in the daily time frame, and Bank Nifty closed above all four 20/50/100/200 EMAs.
BSE Sensex Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The BSE Sensex Index opened at 81,034, which was slightly below the previous day’s closing price of 81,119. It was trading above the opening level at 81,550 range in the morning session and remained above the 20/50- day EMA, while later inching closer to 100/200-day EMAs in the 15-minute time frame during the morning session. In the afternoon session, the BSE Sensex sustained at the 81,700 levels and closed at 81,796, above all four EMAs in the 15-minute time frame.
BSE Sensex immediate resistance levels are R1 (82,008), R2 (82,200), and R3 (82,371), while immediate support levels are S1 (81,521), S2 (81,153), and S3 (80,946). The BSE Sensex index peaked at 81,866 and had a day’s low at 81,012. Finally, it rebounded from the day’s low to 81,796, up by 677.5 points or 0.84%. The Relative Strength Index (RSI) stood at 54 (well below the overbought zone of 70) in the daily time frame, and BSE Sensex closed above all four 20/50/100/200 EMAs.
Market Recap June 16th, 2025
After beginning the day at 24,732.50, climbing to 24,967, and finishing at 24,946.50, the Nifty 50 concluded the day up 0.92%, or 227.90 points. With an upward trend, the BSE Sensex opened at 81,034.45, and it closed at 87,796.15, up 677.55 points, or 0.84%. Both indices were trading above the three EMAs (50/100/200), with the Nifty 50 RSI at 55.70 and the BSE Sensex RSI at 54.04 (far below the overbought threshold of 70). Both benchmark indices saw modest advances as a result of investors’ positive response to central banks throughout the world taking a more cautious approach to policy, especially in light of falling inflation. This was fueled by bullish signals from Asian markets and US futures as well as the relaxation of India VIX dropped 1.84 percent to 14.80 indicating a decrease in investor fear and bolstering market mood.
The largest sectoral gainer was the IT index, which ended the day at 39,073.05, up 603.80 points, or 1.57%. Gains of up to 2 percent were reported by the biggest corporations, including Oracle Financial Services, Infosys Ltd., TCS, Coforge, and HCL Technologies Ltd.
The Nifty CPSE index gained 87.60 points, or 1.34%, to close the day at 6,617.10. With gains of up to 2%, ONGC, Powergrid Corporation, Oil India Ltd., and Cochin Shipyard Ltd. led the sector. Tata Motors was today’s biggest loser, falling 4% as its subsidiary JLR gave a pessimistic outlook for FY26.
Asian markets reacted favorably on Monday as “the world’s factory,” China, released its May retail sales and industrial output figures. Retail sales grew 6.4% year over year, but industrial output growth slowed to 5.8%. In the Asia-Pacific markets, the South Korean Kospi index continued its upward trajectory, climbing 1.8%, or 52.04 points, to close at 2,946.66, while the Hong Kong Hang Seng index increased 0.7%, or 168.43 points, to conclude at 24,060.99. At 38,311.33, Japan’s Nikkei 225 closed up 477.08 points, or 1.26%. The Shanghai index gained 11.73 points, or 0.35%, to close the day at 3,388.73.
The US Dow Jones Futures closed at 42,738, up 181 points, or 0.41%, as the Fed’s interest rate decision is still anticipated to be made on Wednesday. It is anticipated that the central bank would keep interest rates the same and take a wait-and-see approach to potential future borrowing cost reductions.
India VIX
The India VIX decreased from 15.08 on Friday to 14.84, down by -0.24 points or -1.61%. The index eased on Monday from the past high of 15.98, which was marked on Friday, thus indicating lessened market volatility.
Trade Setup Summary
The Nifty 50 opened on a cautious note but gradually gained momentum, testing the 20-day EMA (24,806) in the daily time frame, and closed at 24,946.5 nearing the 25,000 mark. The index remains volatile due to current geopolitical tensions. Given ongoing volatility and mixed sentiments, avoid aggressive positions and wait for clear directional moves above resistance or below support. A break below 24,874 could trigger further selling towards 24,818.
Bank Nifty opened on a similar note, tested support at 55,650 range, and in the afternoon session, Bank Nifty rebounded and closed stronger at 55,944.9, inching closer to the 56,000 level. All major banking stocks were in the green. A break below 55,650 could trigger further selling towards 55,400.
Sensex opened slightly downwards, tested support near 81,150, and rebounded stronger closing at 81,796 nearing the 82,000 mark. A break below 80,521 could trigger further selling towards 81,153.
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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