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Market Prediction 23rd June 25

Market Analysis 23rd June : Nifty Closes at 25,112.40 Amid Strong FII Buying
20 June 2025 by
Pranjal Kalita
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Market Prediction 23rd June

Market Prediction 23rd June 2025 | Option Matrix India

Market Prediction for 23rd June 2025

Today's Market Recap: Nifty Closes at 25,112.40 Amid Strong FII Buying

Market Overview

Today, the Indian equity market closed with mixed sentiments as the Nifty settled at 25,112.40, while FIIs were net buyers (₹7,940.70 Cr) and DIIs were net sellers (₹3,049.88 Cr). The market showed resilience despite global volatility, with strong participation from Pro traders and FIIs in the derivatives segment.

Key Observations from Market Data:

  • FIIs & Pro Traders Drive Market Sentiment
    • FIIs were net long in Futures (Index & Stocks) and Call options, indicating bullish bias.
    • Pro traders held significant long positions in Index Calls, suggesting confidence in upward momentum.
  • DIIs Remain Cautious
    • DIIs were net short in Futures, reflecting hedging or profit-booking.
  • Option Chain Analysis (Nifty & Bank Nifty)
    • Nifty:
      • Max PE OI at 25,000 (strong support)
      • PCR at 1.20 (slightly bullish)
      • CE OI surge at 25,500 & 25,600 (resistance zones)
    • Bank Nifty:
      • Max PE OI at 56,000 (key support)
      • PCR at 0.91 (neutral-to-bearish bias)
  • Global Cues & News Impact
    • US markets showed mixed trends, while Asian markets were range-bound.
    • Crude oil prices declined, supporting Indian equities.

Next Day Market Prediction (23-06-2025)

Bullish Case (If FII Buying Continues):

  • Nifty may test 25,300-25,500 if it sustains above 25,100.
  • Bank Nifty could move towards 56,500-56,800.

Bearish Case (If Profit Booking Intensifies):

  • A dip below 25,000 could trigger a correction towards 24,800.
  • Bank Nifty may find support at 55,800-56,000.

Trade Strategy:

  • Buy on Dips near 25,000 (Nifty) & 56,000 (Bank Nifty) with strict stop-loss.
  • Watch FII Cash Activity – Continued buying will sustain bullish momentum.

Final Verdict:

The market remains bullish as long as FIIs continue buying in cash markets. However, profit booking near 25,500 (Nifty) & 56,500 (Bank Nifty) is expected. Traders should follow FII trends and global cues for intraday opportunities.

Stay tuned to Option Matrix India for real-time updates! 🚀

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