Markets at Crucial Juncture: Watch Key Breakout Levels for the day

📊 Daily Equity Bulletin

Indian equity markets ended the final session of June on a subdued note as profit booking emerged in frontline stocks, particularly in the financial and auto sectors. Despite positive global cues, the broader market remained cautious.

Nifty 50 closed down 120 points at 25,517

Sensex fell 452 points, settling near 83,606

Bank Nifty declined over 131 points, ending around 57312

Financials & Autos witnessed strong selling pressure, dragging benchmark indices lower. HDFC Bank, ICICI Bank, and Hero MotoCorp were among the top drags. However, PSU Banks staged a solid rally on renewed optimism around subsidiary monetization after policy discussions with the Finance Ministry. Stocks like SBI, PNB, and Bank of Baroda gained 2–3%.

Despite yesterday's decline, the broader structure remains positive with PSU banks, infra, and selective pharma stocks showing leadership. Traders are advised to remain stock-specific and watch key levels ahead of the new month.

🧾 Nifty 50 – Technical View

The benchmark Nifty 50 witnessed a mild correction today but managed to stay within a well-defined range, showing resilience near key support levels.

• 📉 Support: 25,450

• 📈 Resistance: 25,600

• 🔓 Breakout Zone: A sustained move above 25,600 can trigger a sharp upside rally towards 25,720 – 25,800 levels.

• ⚠️ On the downside, an hourly close below 25,450 may lead to fresh selling pressure toward 25,300.

🎯 Nifty Trading Strategy

✅ Buy above 25,600

🎯 Target: 25,750 – 25,820

🛑 Stop Loss: 25,480

📊 Momentum looks healthy if breakout sustains with volumes. Watch the 25,600 level closely for intraday action.

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🏦 Bank Nifty – Technical View

Bank Nifty underperformed today but held its support zone well. A breakout above key levels may invite strong momentum in the coming sessions.

• 📉 Support: 57,100

• 📈 Resistance: 57,550

• 🔓 Breakout Zone: A close above 57,550 could push prices toward 57,900+.

🎯 Bank Nifty Trading Strategy

✅ Buy on dips around 57,000

🎯 Target: 57,400 – 57,750

🛑 Stop Loss: 56,700

📊 The index is showing early signs of strength in PSU banks; watch for confirmation of breakout above 57,550.

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🌟Today’s Top Pick of the Day – KECL

💡 Buy KECL around ₹147

🎯 Target: ₹155 – ₹160

🛑 Stop Loss: ₹141

📈 The stock has formed a strong base and is now poised for a fresh upside rally with improving volumes and price action.