Market Prediction 20th June: Nifty Eyes 25,000 as FIIs Turn Net Buyers
Nifty has demonstrated a remarkable resilience by staying above the crucial support level of 24700, indicating that it is not yet ready to dip below this threshold. This stability comes despite ongoing global tensions, including the conflict between Iran and Israel, which have typically influenced market sentiment. Interestingly, domestic market participants, particularly Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII), continue to show a strong inclination towards purchasing in the cash segment, suggesting a bullish outlook amidst the prevailing uncertainties.
Technical View From Chart
Market Analysis for 20th June
Scenario 1: Bullish Breakout Above 24,850
✅ Trigger: 15-minute candle closes above 24,850.
🎯 Targets:
- 24,950 (Immediate resistance)
- 25,078 (Next swing high)
⚡ Momentum: Strong FII buying + Put support at 24,800 favors upside.
Scenario 2: False Breakout (Rejection at 24,850)
⚠ Trigger: 15-minute candle crosses 24,850 but closes below it.
🎯 Short Targets:
- Today’s close (24,793) or 24,770
- 24,730 (No-trade zone support)
📉 Risk: Bearish momentum if Bank Nifty remains weak.
Scenario 3: Bearish Breakdown Below 24,730
🔴 Trigger: 15-minute candle closes below 24,730.
🎯 Targets:
- 24,650 (Minor support)
- 24,500 (Strong Put base)
🛑 Stop Loss: 24,800 (If shorting).
Scenario 4: Recovery from 24,730 Support
🟢 Trigger: 15-minute candle crosses 24,730 but closes above it.
🎯 Long Targets:
- 24,800 (No-trade zone upper limit)
- 24,950 (Re-test breakout level)
💡 Confirmation Needed: Check DII/FII flow for sustainability.
Why This Strategy Works?
- No-Trade Zone (24,730–24,850): Avoid choppy price action.
- 15-Minute Close Confirmation: Reduces false breakouts.
- Aligns with FII/DII Data: Cash market buying supports bullish cases.
Trade Execution Tips
- Use Limit Orders near key levels to avoid slippage.
- Stop Loss: 30-40 points below/above trigger candle.
- Volume Check: High volume breakouts have higher success.
Key Takeaways for Tomorrow's Market
✅ FIIs Turn Net Buyers (₹934.62 Cr) – Bullish Signal
✅ DIIs Also in Buying Mode (₹605.97 Cr) – Supports Upside
✅ Nifty Closed at 24,793.25 – Resistance at 25,000, Support at 24,700
✅ Bank Nifty Weakness Continues – Key Level at 55,600
✅ Pro Traders Active in Stock Futures – Could Drive Volatility
Market Participants Data Analysis
1. FIIs (Foreign Institutional Investors) – Bullish Shift
- Cash Market: Net Buyers (₹934.62 Cr) – Strong positive sentiment.
- F&O Activity:
- Index Futures: Net Long (+4,805 vs +2,634 Short)
- Index Options: Heavy Call Writing (Short) but Put Buying (Long) suggests hedging.
- Stock Futures: Slightly short (-3,229 Long vs +2,381 Short).
📌 Takeaway: FIIs are cautiously bullish, hedging with puts while maintaining long futures.
2. DIIs (Domestic Institutional Investors) – Supportive Buying
- Cash Market: Net Buyers (₹605.97 Cr) – Positive domestic flow.
- F&O Activity:
- Stock Futures: Net Long (+5,642 vs -18,683 Short) – Betting on stock-specific moves.
- No Index Option Exposure – Pure equity play.
📌 Takeaway: DIIs are bullish on select stocks but avoiding index derivatives.
3. Retail (Client Category) – Still Shorting
- Heavy Shorting in Index & Stock Futures – Typically a contrarian indicator.
- Massive Put Writing (Short) – Expecting downside but often wrong at extremes.
📌 Takeaway: Retail remains bearish, which historically signals a potential reversal.
4. Proprietary Traders (Pro) – Key Market Movers
- Stock Futures: Net Long (+15,362 vs +20,667 Short) – Active in stock picking.
- Index Options: Short Calls & Long Puts – Hedging against volatility.
📌 Takeaway: Pro traders are playing both sides, indicating choppy but bullish bias.
Nifty Option Chain Analysis (Nearest Expiry)
🔹 Spot Close: 24,793.25
🔹 Max Pain: ~24,800 (Support Zone)
🔹 Highest Open Interest (OI):
- CE: 25,000 (100,703 OI) – Strong Resistance
- PE: 24,800 (75,818 OI) – Strong Support
Key Observations:
✔ PCR (Put-Call Ratio) at 0.98 – Neutral sentiment.
✔ Put Writing at 24,800 & 24,500 – Strong support building.
✔ Call Writing at 25,000 & 25,200 – Resistance intact.
📌 Prediction: If Nifty holds 24,700, a move towards 25,000 is likely. A break below 24,700 could trigger a dip to 24,500.
Bank Nifty Option Chain Analysis (Nearest Expiry)
🔹 Spot Close: ~55,600
🔹 Max Pain: ~56,000 (Resistance)
🔹 Highest OI:
- CE: 56,000 (84,674 OI) – Strong Resistance
- PE: 56,000 (62,728 OI) – Support
Key Observations:
✔ PCR at 0.71 (Bearish) – More call writing.
✔ Heavy Call Writing at 56,000 – Strong hurdle.
✔ Put Support at 55,600 – Critical level to watch.
📌 Prediction: Bank Nifty remains weak. A break below 55,600 could test 55,000. Upside capped at 56,000.
Nifty & Bank Nifty Cumulative Data (All Expiries)
Nifty (Long-Term Trend)
- PCR: 0.98 (Neutral)
- PE OI > CE OI at 24,800 – Strong support.
- FIIs + DIIs Buying in Cash Market – Bullish undertone.
Bank Nifty (Weakness Continues)
- PCR: 0.70 (Bearish)
- CE OI Dominance at 56,000 – Resistance strong.
📌 Takeaway: Nifty bullish, Bank Nifty underperforming.
Final Prediction 20th June 25
Nifty Outlook (Bullish)
- If Opens Flat/Gap Up: Target 25,000-25,100.
- If Opens Weak: Support at 24,700-24,800 (Buy Zone).
Bank Nifty Outlook (Cautious)
- Resistance at 56,000, Support at 55,600-55,000.
Trade Strategy
Nifty: Buy on dips near 24,800 for 25,000+.
⚠ Bank Nifty: Avoid longs unless it sustains above 56,000.
Pro Tip: Watch FII flow in early trade – Continuation of buying will push Nifty higher.
Conclusion: Bullish Bias with Caution in Banking Stocks
With FIIs & DIIs buying in cash markets, strong put support at 24,800, and global stability, Nifty is poised for a move towards 25,000. However, Bank Nifty remains weak, so stock-specific trades are better.
Key Levels:
- Nifty Support: 24,700 → 24,500
- Nifty Resistance: 25,000 → 25,200
- Bank Nifty Support: 55,600 → 55,000
- Bank Nifty Resistance: 56,000 → 56,500
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