📰 Indices Gears Up for Fresh Move! Will Bulls Charge Ahead Today?

Daily Equity Bulletin June 17, 2025:

Indian markets remained rangebound with a slightly positive bias on Monday as investors awaited fresh cues from global markets and domestic macro data. Nifty held firm above 24,900 while Bank Nifty saw a volatile session amid mixed sentiments from banking stocks.

Key drivers of yesterday’s move:

• Global cues remained muted with U.S. markets closed on Monday.

• Crude oil prices cooled off slightly, providing relief to Indian markets.

• Institutional flows remained cautious ahead of key FOMC member speeches and domestic economic data.

🔍 Today’s Market Outlook

🔸 Nifty 50 Outlook:

The Nifty index continues to hover in a narrow range, but is showing signs of building strength near key support. A decisive move above 25,070 could trigger a breakout rally toward the 25,200–25,300 zone, driven by short-covering and fresh buying. On the downside, 24,800 remains a crucial level to watch—any sustained close below this could tilt sentiment bearish, with potential to retest 24,500.

📈 Trading Strategy:

Buy on dips around 24,900 with a stop loss below 24,750.

🎯 Targets: 25,070 and 25,150

🔸 Bank Nifty Outlook:

Bank Nifty is showing signs of consolidation near support, as bulls defend the 55,500 level. If the index manages to break and sustain above 56,200, it could witness a sharp move toward 56,500–56,700 levels. However, any breach below 55,500 might invite aggressive selling pressure, especially in heavyweight private banks.

📈 Trading Strategy:

Buy around 55,800 with a stop loss below 55,500.

🎯 Targets: 56,200 and 56,500

Today's Top Pick

ADANIGREEN 17/06/2025

Buy Adani Green around 990. Stop loss below 965. Target-1020-1044.