Market Prediction 24th June , 2025
Today’s Market Recap: Nifty Closes at 24,971.90, Bank Nifty at 56,059.35; FIIs Buy ₹5,591 Cr in Cash Market
Market Overview & Key Observations
The Indian equity market witnessed mixed activity today, with the Nifty closing at 24,971.90 (-0.5%) and Bank Nifty ending at 56,059.35 (-0.8%). Foreign Institutional Investors (FIIs) remained bullish, injecting ₹5,591.77 crore into the cash market, while Domestic Institutional Investors (DIIs) offloaded ₹1,874.38 crore, indicating profit booking.
The derivatives data reveals interesting trends:
- FIIs increased long positions in index futures but remained net short in stock futures.
- Pro traders reduced exposure, signaling cautious sentiment.
- Option chain data suggests strong put writing at 24,800-24,900 (Nifty) and 55,500-56,000 (Bank Nifty), acting as immediate support zones.
Option Chain Analysis: Key Levels to Watch
Nifty (Current: 24,971.90)
- Max Call OI at 25,000 & 25,100 – Strong resistance.
- Max Put OI at 24,900 & 24,800 – Critical support.
- PCR at 0.85 (Slightly bearish bias).
- IVs dropped, suggesting reduced fear.
Key Levels:
- Support: 24,900 → 24,800 → 24,700
- Resistance: 25,000 → 25,100 → 25,200
Bank Nifty (Current: 56,059.35)
- Call writing at 56,500 & 57,000 – Resistance zones.
- Put writing at 56,000 & 55,500 – Strong support.
- PCR at 0.92 (Neutral to slightly bullish).
Key Levels:
- Support: 56,000 → 55,500 → 55,000
- Resistance: 56,500 → 57,000 → 57,500
FII & DII Activity: Cash vs. Derivatives
- FIIs (Net Buyers in Cash: +₹5,591 Cr) – Bullish signal.
- DIIs (Net Sellers in Cash: -₹1,874 Cr) – Profit booking.
- FIIs in Futures: Net long in index futures but short in stock futures.
- Pro Traders: Reduced positions, indicating consolidation.
Interpretation:
- FII buying in cash suggests underlying strength.
- DII selling may cap upside momentum.
- Pro traders’ caution hints at range-bound movement.
Global Cues & News Impact
- US Markets: Mixed.
- Crude Oil: Stable near $75/barrel.
- Rupee: Slightly weak at ₹86.59/USD.
- Geopolitical Tensions: Iran Israel War.
Impact on Indian Markets:
- Positive global cues may support bullish sentiment.
- FII inflows likely to continue if global risk-on persists.
Next Day Market Prediction (June 24, 2025)
Scenario 1: Bullish (60% Probability)
- If Nifty holds 24,900 & Bank Nifty sustains 56,000, expect a bounce towards 25,100 (Nifty) & 56,500 (Bank Nifty).
- FII buying in cash market to drive upside.
- Sectoral rotation into banking & IT likely.
Scenario 2: Bearish (30% Probability)
- Break below 24,800 (Nifty) & 55,500 (Bank Nifty) may trigger profit booking.
- DII selling pressure could intensify.
- Global volatility may weigh on sentiment.
Scenario 3: Sideways (10% Probability)
- Range-bound movement between 24,800-25,100 (Nifty) & 55,500-56,500 (Bank Nifty).
- Low volatility due to lack of fresh triggers.
Final Verdict:
- Bias remains bullish due to FII inflows.
- Traders should watch 24,900 (Nifty) & 56,000 (Bank Nifty) for intraday direction.
- Stock-specific action expected in banking, auto, and IT.
Trading Strategy for Tomorrow
✅ Nifty: Buy above 24,950 (Target: 25,100, SL: 24,850).
✅ Bank Nifty: Buy above 56,100 (Target: 56,500, SL: 55,900).
⚠ Caution: Avoid aggressive longs if 24,800 (Nifty) or 55,500 (Bank Nifty) breaks.
stock market predictions :
Analyzing and predicting the stock market is an incredibly complex endeavor, filled with numerous variables and uncertainties, making it virtually impossible to guarantee stock market predictions with absolute certainty.
The market remains in a bullish phase with FIIs supporting upside momentum. However, DII selling and pro traders’ cautious stance suggest selective buying is key. Traders should focus on key support levels and global cues for intraday opportunities.
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(Disclaimer: This analysis is for educational purposes. Consult a financial advisor before trading.)