Amid positive global markets, domestic institutional investors (DIIs), sentiment, neutral foreign institutional investors (FIIs) and future & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Friday, June 25, 2021.
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The domestic benchmarks ended the last session of the June series of the futures & options (F&O) with gains of more than 0.60 per cent on Thursday, June 24, 2021. The S&P BSE Sensex rose 392.92 points or 0.75 per cent at 52,699. The Nifty 50 index gained 103.50 points or 0.66 per cent at 15,790.45. The Bank Nifty index gained 253 points or 0.73 per cent to settle at 34,827.
The broader markets underperformed their benchmark peers. The S&P BSE MidCap fell 0.51 per cent and S&P BSE SmallCap lost 0.22 per cent.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for June 25:
Day support zone on Nifty is 15,700-15,750, below that 15,625-15,675 is a strong Buy zone.
Day higher zone on Nifty is 15,860-15,890, above that 15,950-16,000 is a Profit-booking zone.
Day support zone on Bank Nifty is 34,525-34,675, below that 34,375-34,450 is a strong Buy zone.
Day higher zone on Bank Nifty is 35,000-35,150, above that 35,250-35,375 is a strong Sell zone.
Small Day Range for trading on Nifty is 15,750-15,860, while the medium and bigger ranges are 15,690-15,890 and 15,625-15,975, respectively.
Small Day Range for trading on Bank Nifty is 34,600-35,000, while the medium and bigger ranges are 34,525-35,150 and 34,375-35,300, respectively.
FIIs Index long position at 82% Vs 73%.
PCR at 1.21 Vs 0.96.
India VIX down by 2% at 15.10.
For Existing Long Positions:
Nifty intraday and closing stop loss are 15,675.
BankNifty intraday and closing stop loss are 34500.
For Existing Short Positions:
Nifty intraday and closing stop loss are 15,925.
Bank Nifty intraday and closing stop loss are 35,050.
For New Positions:
Buy Nifty with a stop loss 15,675 and target 15,825, 15,860, 15,890, 15,925, 15,975.
Aggressive Traders Sell Nifty in 15,875-15,925 range with a Strict Stop Loss 16,000 and target 15,825, 15,775, 15,750, 15,700.
For New Positions:
Buy Bank Nifty with a stop loss of 34,500 and target 34,925, 35,000, 35,075, 35,150, 35,250, 35,300, 35,375.
Sell Bank Nifty in 35,250-35,375 range with a stop loss of 35,550 and target 35,150, 35,075, 35,000, 34,925, 34,825, 34,750.
F&O Ban Update:
Out Of Ban: Vodafone Idea, Sun TV
New In Ban: Nil
Already In Ban: Nil