The escalation of the Iran-Israel war and other geopolitical worries caused the markets to react badly on Monday. Given the growing global tensions brought on by the escalation of the Iran-Israel war, the Nifty 50 Index began Monday at 24,939.75, down. Compared with Friday’s finish of 25,112, it opened 140 points lower. However, after the day’s low of 24,824.85, the Nifty Index made a minor recovery in the morning session. The Nifty index closed barely below 25,000, hit a day’s high of 25,057, and experienced a day’s low of 24,825.

The Nifty Media Index rose 4.39% among sectoral gains, while companies like Zee Entertainment rose 11.44% as the business declared its intention to break even in Z5 (ZEE5) from EBITDA losses of Rs 548 crore in FY25. Furthermore, Network18 Media & Investments Ltd. gained 1.58 points, or 3.02 percent, in value. On the losing side, the Nifty IT fell 1.48%, mostly due to 2.67% declines in Oracle Financial Services Software and 2.35% declines in Infosys Ltd.

In the midst of the unsettled foreign Asian markets, US Dow Jones Futures down 0.17%, or 71.51 points, to 42,135.31. The worsening of the conflict between Israel and Iran was the cause of this pessimistic view.

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 negative note at 24,939.75 on Monday, following the rising geopolitical tensions due to escalation of Iran-Israel war. It opened down by 140 points from Friday’s closing of 25,112. However, the Nifty Index slightly rebounded in the morning session from the day’s low of 24,824.85. It was trading around the 24,950 range, in the morning session, after its rebound and was trading near the 20/50 EMAs, but mostly below the 100/200 EMAs in the 15-minute time frame. In the afternoon session, the Nifty Index had further moved upside and closed at 24,971.9 and staying above the 50/100/200-day EMAs but slightly below the 20-day EMA in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (25,050.7), R2 (25,135), and R3 (25,223), while immediate support levels are S1 (24,945), S2 (24,903), and S3 (24,823). 

The Nifty index had reached a day’s high at 25,057, closed just below the 25,000 mark, and saw a day’s low at 24,825. Finally, it had closed at 24,972, down by -140 points or -0.6%. The Relative Strength Index (RSI) stood at 55.07 (well below the overbought zone of 70) in the daily time frame, and Nifty 50 closed above the four 20/50/100/200 EMAs in the daily time frame.

Market Recap June 23rd, 2025

On Monday, the markets reacted negatively due to the Iran-Israel war escalation and other geopolitical uncertainties. The Nifty 50 Index opened on a negative note at 24,939.75 on Monday, following the rising geopolitical tensions due to the escalation of the Iran-Israel war. It opened down by 140 points from Friday’s closing of 25,112. However, the Nifty Index slightly rebounded in the morning session from the day’s low of 24,824.85. The Nifty index had reached a day’s high at 25,057, closed just below the 25,000 mark, and saw a day’s low at 24,825. 

Among the sectoral gains, Nifty Media Index surged 4.39%, followed by stocks such as Zee Entertainment, which climbed 11.44% after the company announced that it plans to achieve breakeven in Z5 (ZEE5) from EBITDA losses of Rs 548 crore in FY25. In addition, Network18 Media & Investments Ltd climbed 3.02%, gaining 1.58 points. On the losing part, the Nifty IT declined 1.48%, mainly driven by Oracle Financial Services Software, down by 2.67%, and Infosys Ltd fell by 2.35%.

The international Asian markets were on a mixed note, and US Dow Jones Futures declined by 0.17% or 71.51 points, to 42,135.31. This negative outlook was due to the war escalations between Iran and Israel.

India VIX

The India VIX increased from 13.67 to 14.05. The index increased after a consecutive decline in the past five sessions thus indicating heightened market volatility.  

Trade Setup Summary

The Nifty 50 opened on a negative note on Monday and was volatile throughout the trading session, breaking slightly above the 25,000 mark, and peaked at 25,057, closing at 24,972. The index ended up losing -0.56% due to the heightened ongoing geopolitical tensions with the Iran-Israel war. A break below 24,945 could trigger further selling towards 24,903.

Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.

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