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Kundan Motwani

17th Jun 2025 ยท SEBI-Registered Analyst

๐Ÿ“‰ Nifty & Bank Nifty Today โ€“ 17 June 2025

The markets continued to trade with a cautious tone: Nifty Bank slipped marginally by 0.06%, reflecting weak sentiment across the board. Nifty50 remained under pressure, closing below 24,900 amid global concerns and firm crude oil prices. ๐Ÿฆ Banking Sector Snapshot HDFC Bank fell ~0.3% with heavy volumes, still trading ~3.3% below its 52-week high. Kotak Mahindra Bank showed resilience, dipping just ~0.1% and outperforming major peers. Other private and PSU banks, including ICICI, IndusInd, and Yes Bank, saw mild to moderate selling pressure. ๐Ÿ“Š Technical View Nifty50 has immediate support between 24,750โ€“24,900 โ€“ a break below could extend downside. Bank Nifty faces a strong resistance at 56,000 โ€“ a sustained move above this level may trigger bullish momentum. ๐Ÿ’ฌ Whatโ€™s Your Move? Are you seeing a buying opportunity or waiting for confirmation? Drop a ๐Ÿ”ป if youโ€™re cautious, or ๐Ÿ‘ if youโ€™re bullish on banks!

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