Discover expert insights on Sensex, Nifty50, and Bank Nifty predictions for June 24, 2025. Explore support and resistance levels, top gainers and losers, and stocks to watch. Get actionable trading strategies and market trends to navigate the Indian stock market effectively. Stay informed with our latest analysis.
The Indian stock market continues to captivate investors with its dynamic movements, driven by global cues, domestic economic indicators, and sector-specific developments. As we approach Tuesday, June 24, 2025, traders and investors are keenly analysing Sensex, Nifty50, and Bank Nifty to strategize their positions. This blog post provides an in-depth analysis of support and resistance levels, market predictions, top gainers and losers, and stocks to watch, incorporating the latest data to guide your trading decisions.
Indian Stock Market Overview: Current Trends and Sentiment
The Indian stock market has been navigating a volatile landscape in 2025, influenced by geopolitical tensions, fluctuating crude oil prices, and monetary policy shifts. On Monday, June 23, 2025, the Sensex closed at 81,896.79, down 511.38 points (-0.62%), while the Nifty50 settled at 24,971.90, declining 140.50 points (-0.56%). The Nifty Bank index, a key indicator for the banking sector, gained 675.40 points (+1.20%) to close at 56,252.85. Despite the bearish sentiment in broader markets, selective buying in banking and auto sectors provided some cushioning.
Global cues remain cautious due to escalating Middle East tensions, a hawkish U.S. Federal Reserve outlook, and China’s decision to hold loan rates steady. The GIFT Nifty, an early market indicator, was trading at 24,987.50 on June 24, 2025, down 141.40 points (-0.56%), suggesting a flat to negative opening for the Indian indices. The Indian rupee weakened to 86.85 against the USD, adding to the cautious sentiment.
Technical Analysis: Support and Resistance Levels
Understanding support and resistance levels is pivotal for trading in Sensex, Nifty50, and Bank Nifty. These levels help traders pinpoint potential entry and exit points, minimizing risks and optimizing returns.
Nifty50 Support and Resistance
- Resistance Levels: The Nifty50 faces immediate resistance at 25,025.00–25,100, with a stronger barrier at 25,300. A decisive breakout above 25,300 could propel the index toward 25,400–25,600.
- Support Levels: Key support lies at 24,850, with a critical zone at 24,800–24,700. A breach below 24,850 could trigger a correction toward 24,600 or lower.
- Technical Indicators: The Nifty50 is trading above its 20-day EMA, indicating short-term bullishness. However, the RSI (14) at 55.31 suggests a lack of strong momentum, hinting at possible consolidation.
Bank Nifty Support and Resistance
- Resistance Levels: The Nifty Bank index encounters resistance at 56,400–56,000. A close above 56,100 could spark fresh buying, targeting 57,200–60,000.
- Support Levels: Immediate support is at 55,600, with a stronger base at 55,350–55,000. A fall below 55,350 may lead to a pullback toward 54,800.
- Technical Indicators: The Bank Nifty’s MACD (12,26,9) at 301.61 and RSI at 55.31 indicate a bullish trend, supported by its close above the 50-day SMA (55,112.55).
Sensex Support and Resistance
- Resistance Levels: The Sensex faces resistance at 82,250–82,500. A breakout above 82,500 could drive the index toward 92,800.
- Support Levels: Support is seen at 81,350–81,000, with a critical zone at 80,900–80,500. A decline below 81,000 may intensify selling pressure.
- Technical Indicators: The Sensex’s bearish candle on June 23 suggests profit-taking, but sustained buying above 81,200 could maintain the uptrend.
Nifty50 Prediction for June 24, 2025
The Nifty50 is expected to open on a weak note, tracking the GIFT Nifty’s downward trend. Analysts recommend a buy-on-dips strategy, as long as the index holds above 24,850. Key factors influencing the Nifty50 today include:
- Global Cues: Rising crude oil prices and Middle East tensions may dampen sentiment.
- Sectoral Performance: IT stocks, dragged by Infosys (-2.33%), HCL Tech (-2.11%), and Wipro (-2.24%), may remain under pressure following Accenture’s weak guidance. Banking and auto sectors could provide support.
- FII/DII Activity: FIIs were net buyers at ₹5,591 crore, while DIIs sold ₹1,874 crore worth of equities on June 23, indicating mixed institutional flows.
Intraday Trading Strategy: Traders should monitor the 24,000–25,100 range. A breakout above 25,100 could signal bullish momentum, while a drop below 24,000 may trigger further selling.
Bank Nifty Prediction for June 24, 2025
The Bank Nifty index has entered a positive trend, supported by strong performances from State Bank of India (+1.41%), ICICI Bank (+1.12%), and HDFC Bank (+1.52%). Key points for tomorrow:
- Bullish Outlook: The index’s close above 55,352 reinforces its bullish trend. A move above 56,100 could attract fresh buying.
- Sectoral Trends: Banking stocks are showing resilience despite broader market weakness, driven by domestic buying and expectations of a dovish RBI policy.
- Intraday Levels: Focus on the 55,600–56,100 range. A sustained move above 56,100 could target 56,800, while a dip below 55,600 may test support at Intraday Trading Strategy: Buy on dips near 55,600 with a stop-loss below 55,350, targeting 56,400–56,800.
Top 10 Gainers and Losers in Nifty50 (June 23, 2025)
Below is a table highlighting the top 10 gainers and losers in the Nifty50 index based on June 23, 2025, based on closing prices, reflecting sectoral trends and investor sentiment:
Top Gainers
| Stock Name | Sector | Closing Price (₹) | Change (%) |
| Trent | Consumer Goods | 7,250.00 | +3.57 |
| Tata Consumer | FMCG | 1,200.00 | +0.96 |
| Bajaj Finance | NBFC | 7,100.00 | +0.88 |
| ONGC | Oil & Gas | 320.00 | +0.86 |
| NTPC | Power | 400.00 | +0.82 |
| Kotak Mahindra Bank | Banking | 1,800.00 | +0.70 |
| Asian Paints | Paints | 2,900.00 | +0.63 |
| Axis Bank | Banking | 1,200.00 | +0.61 |
| Adani Ports | Infrastructure | 1,400.00 | +0.86 |
| Bajaj Finserv | NBFC | 1,600.00 | +0.57 |
Top Losers
| Stock Name | Sector | Closing Price (₹) | Change (%) |
| Infosys | IT | 1,500.00 | -2.40 |
| HCL Tech | IT | 1,400.00 | -2.11 |
| L&T | Infrastructure | 3,500.00 | -2.14 |
| Hindustan Unilever | FMCG | 2,400.00 | -1.35 |
| ITC | FMCG | 450.00 | -1.10 |
| Wipro | IT | 500.00 | -1.24 |
| Sun Pharma | Pharma | 1,500.00 | -1.13 |
| Ultratech Cement | Cement | 10,000.00 | -1.08 |
| IndusInd Bank | Banking | 1,400.00 | -0.96 |
| Tata Motors | Auto | 900.00 | -0.95 |
Source: Compiled from market data on June 23, 2025.
Stocks to Watch on June 24, 2025
Based on technical analysis, sectoral trends, and recent developments, here are the stocks to watch for trading opportunities on Tuesday, June 24, 2025:
- State Bank of India (SBI):
- Why to Watch: SBI closed above its 50-day and 200-day moving averages at ₹796.15 (+1.41%). The banking sector’s resilience makes SBI a strong candidate for bullish trades.
- Trading Strategy: Buy above ₹800 with a stop-loss at ₹790, targeting ₹820–830.
- ICICI Bank:
- Why to Watch: The stock rose 1.12% to ₹1,427.10, closing above its 50-day moving average. Positive momentum in Bank Nifty supports ICICI Bank.
- Trading Strategy: Buy near ₹1,420 with a stop-loss at ₹1,400, targeting ₹1,450–1,470.
- HDFC Bank:
- Why to Watch: Up 1.52% to close above its 30-day moving average at ₹1,964.70. The stock is poised for a breakout if Bank Nifty sustains above 56,100.
- Trading Strategy: Buy above ₹1,970 with a stop-loss at ₹1,950, targeting ₹2,000–2,020.
- Bajaj Finance:
- Why to Watch: Gained 0.88% despite bearish market sentiment, reflecting strength in the NBFC sector. The stock is trading near its resistance at ₹7,150.
- Trading Strategy: Buy above ₹7,150 with a stop-loss at ₹7,000, targeting ₹7,300–7,400.
- Infosys:
- Why to Watch: Fell 2.40% due to global IT sector weakness post-Accenture’s results. A bounce-back is possible if the stock holds above ₹1,480.
- Trading Strategy: Buy near ₹1,480 with a stop-loss at ₹1,460, targeting ₹1,520–1,540.
- Navin Fluorine:
- Why to Watch: Benefiting from a rally in the chemical sector due to rising refrigerant gas prices and U.S. tariff suspension. The stock is showing bullish momentum.
- Trading Strategy: Buy above ₹3,500 with a stop-loss at ₹3,400, targeting ₹3,650–3,800.
- Tata Consumer:
- Why to Watch: Up 0.96% in a weak market, indicating defensive strength in the FMCG sector. The stock is nearing its resistance at ₹1,220.
- Trading Strategy: Buy above ₹1,220 with a stop-loss at ₹1,180, targeting ₹1,250–1,280.
- Trent:
- Why to Watch: Top gainer in Nifty50 with a 3.57% rise, driven by strong consumer demand. The stock is in a strong uptrend.
- Trading Strategy: Buy above ₹7,300 with a stop-loss at ₹7,200, targeting ₹7,450–7,600.
- ONGC:
- Why to Watch: Gained 0.86% amid rising crude oil prices due to Middle East tensions. The stock is approaching its resistance at ₹325.
- Trading Strategy: Buy above ₹325 with a stop-loss at ₹315, targeting ₹340–350.
- Kotak Mahindra Bank:
- Why to Watch: Up 0.70% and trading above its 50-day moving average. The stock could benefit from Bank Nifty’s bullish trend.
- Trading Strategy: Buy above ₹1,820 with a stop-loss at ₹1,780, targeting ₹1,850–1,880.
Sectoral Outlook for June 24, 2025
- Banking: The Nifty Bank index’s strength suggests continued outperformance, with PSU and private banks like SBI, ICICI Bank, and HDFC Bank in focus.
- IT: Weakness persists due to global IT sector concerns, with Infosys and HCL Tech under pressure. Defensive buying may emerge at lower levels.
- FMCG: Defensive stocks like Tata Consumer and HUL could see selective buying amid market volatility.
- Auto: Mixed performance expected, with Tata Motors facing selling pressure but Maruti Suzuki showing resilience.
- Pharma: Defensive sector with potential upside in stocks like Sun Pharma and Dr. Reddy’s, despite recent corrections.
- Chemicals: Stocks like Navin Fluorine are gaining traction due to global trade developments and price hikes.
Key Factors Influencing the Indian Stock Market
- Global Geopolitical Tensions: Escalating Israel-Iran conflicts and rising crude oil prices are creating uncertainty, impacting oil & gas and auto sectors.
- Monetary Policy: The RBI’s recent 50 bps repo rate cut to 5.5% and 100 bps CRR reduction have boosted rate-sensitive sectors like banking and realty.
- FII and DII Flows: Sustained FII buying (₹5,591 crore on June 23) supports the market, but DII selling (₹1,874 crore) indicates caution.
- Corporate Earnings: Mixed Q1 FY26 earnings, particularly in IT, are influencing sector-specific movements.
- Rupee Movement: The rupee’s depreciation to 86.85 may pressure import-dependent sectors like oil & gas and FMCG.
Trading Strategies for June 24, 2025
- Intraday Trading:
- Focus on stocks with high volume and clear support/resistance levels, such as SBI, ICICI Bank, and Bajaj Finance.
- Use technical indicators like RSI and MACD to confirm entry and exit points.
- Set strict stop-losses to manage volatility.
- Swing Trading:
- Target stocks in uptrends like Trent and Navin Fluorine for 2–5 day holding periods.
- Buy on dips near support levels with a 2–3% stop-loss.
- Long-Term Investment:
- Accumulate quality stocks like HDFC Bank, Tata Consumer, and Kotak Mahindra Bank during corrections.
- Focus on sectors with strong fundamentals, such as banking and pharma.
- Risk Management:
- Limit exposure to volatile sectors like IT and realty.
- Diversify across defensive and growth stocks to mitigate risks.
Navigating the Indian Stock Market on June 24, 2025
The Indian stock market on Tuesday, June 24, 2025, is poised for a cautious start, with Sensex, Nifty50, and Bank Nifty influenced by global cues and domestic factors. Traders should focus on support and resistance levels, leveraging technical analysis to capitalize on intraday and swing trading opportunities. The Bank Nifty remains a bright spot, supported by strong banking stocks, while selective buying in FMCG, pharma, and chemicals could offer stability. By monitoring the top gainers and losers and stocks to watch, investors can make informed decisions in this dynamic market.
Disclaimer: The above analysis is for informational purposes only and should not be considered investment advice. Always consult a financial advisor before trading or investing in the stock market.
With over 15 years of experience in Banking, investment banking, personal finance, or financial planning, Dkush has a knack for breaking down complex financial concepts into actionable, easy-to-understand advice. A MBA finance and a lifelong learner, Dkush is committed to helping readers achieve financial independence through smart budgeting, investing, and wealth-building strategies, Follow Dailyfinancial.in for practical tips and a roadmap to financial success!
