Daily Market Update - 23 June 2025

Markets kicked off the week on a strong note, with Nifty 50 closing at ₹25,112.40 (+1.29%), supported by a reclaim of key levels at 24,965 and 25,020. The index is now approaching a tight resistance zone between 25,120–25,220. Both 5-min and 15-min charts show a short-term uptrend, with the 9, 70, and 100 EMA stacked positively, reinforcing bullish momentum. The RSI on the 15-min chart at 64 signals continued buying strength but also suggests possible short-term exhaustion near resistance. A decisive breakout above 25,220 may lead to fresh highs toward 25,300–25,360, while any failure to sustain above 25,020 could trigger minor profit booking, pulling the index toward 24,965 and 24,880. Dips around 25,000–25,020 backed by strong volume could offer low-risk long setups. In broader markets, Sensex rose to ₹82,408.17 (+1.29%), Bank Nifty gained 1.22%, while GIFT Nifty dipped 0.43%. Volatility cooled with India VIX down 4.14% at 13.67. On the global front, Dow Jones edged up 0.08%, while Nasdaq and S&P 500 closed lower. Commodities rebounded sharply - Brent Crude at $77.50 (+2.68%), WTI at $75.90 (+2.79%), while Gold held at ₹99,096/10g. 📌 Support Levels: 25,020 / 24,965 / 24,880 📌 Resistance Levels: 25,120 / 25,220 / 25,300 / 25,360 📌 F&O Ban List (23 June): !ABFRL, !BIOCON, !RBLBANK, !TITAGARH The short-term trend remains bullish, but traders should monitor 25,220 closely for a potential breakout or reversal. Until then, buy-on-dips near support remains the preferred strategy. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.