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Nifty Prediction for Today – 17 June 2025 | Technical Outlook & Market Sentiment
The Indian stock market witnessed a strong rebound on Monday, 16 June 2025, as the Nifty 50 index surged by 227.9 points to close at a new lifetime high of 24,946.5, up 0.92%. The rally was driven by broad-based buying across sectors, with 44 out of the 50 Nifty constituents closing in the green. Positive global cues and strong institutional buying helped reverse the bearish tone from the previous session.
Nifty Market Recap – 16 June 2025
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Closing Level: 24,946.5
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Day’s Gain: +227.9 points or +0.92%
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Market Breadth: 44 stocks advanced, 6 declined
Heavyweights such as HDFC Bank, Infosys, and Kotak Mahindra Bank supported the rally with gains of 0.8% to 1.1%. The insurance sector stood out with SBI Life, HDFC Life, and ICICI Prudential jumping between 2.1% and 2.3%. Defence stock BEL emerged as the top gainer with a 2.49% rise. On the flip side, Tata Motors fell 3.8% after management trimmed its EBIT margin guidance for JLR.
Key Sectoral Trends
All major sectoral indices ended in the green, signaling strong market breadth. IT, insurance, and banking sectors led the charge, reinforcing bullish sentiment. Pharma stocks saw some mild profit booking, with Sun Pharma ending down 0.5%.
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Nifty Technical Analysis – 17 June 2025
Technically, Nifty has bounced back above both its near-term and medium-term trend lines. The index has been trading within the 24,500 to 25,000 rectangle pattern for over a month. Monday’s close above 24,900 suggests strong buying support at lower levels.
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Immediate Support Levels: 24,778 – 24,609 – 24,514
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Resistance Levels: 25,041 – 25,136 – 25,305
A decisive close above 25,136 would signal a continuation of the bullish trend. However, traders should keep an eye on 24,778 as a near-term support zone.
Bank Nifty, Sensex & FINNIFTY Predictions – 17 June 2025
Bank Nifty Outlook
Bank Nifty climbed 417.55 points to end at 55,944.9, up 0.75%. Leading banks like HDFC Bank (+1.01%), Kotak Bank (+1.45%), and ICICI Bank (+0.83%) contributed significantly to the gains. 11 out of 12 Bank Nifty components closed in green.
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Support: 55,551 – 55,157 – 54,933
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Resistance: 56,169 – 56,394 – 56,788
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Trend: Negative unless Bank Nifty closes above 56,052
Sensex Outlook
Sensex closed at 81,796 and has entered a positive trend. It remains strong as long as it trades above 80,572.
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Support: 81,250 – 80,705 – 80,397
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Resistance: 82,104 – 82,412 – 82,957
FINNIFTY Outlook
FINNIFTY settled at 26,555 and remains in a negative trend. Hold short positions with a stop-loss of 26,588 on a daily closing basis.
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Support: 26,382 – 26,209 – 26,112
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Resistance: 26,652 – 26,750 – 26,922
Market Sentiment Overview
The Indian equity market has entered a positive trend after last week’s profit booking. Technical indicators support a potential breakout if Nifty can sustain above 25,136. However, traders should remain cautious due to ongoing global uncertainties.
Trading Strategy for 17 June 2025
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Consider fresh long positions above 25,136 with a stop-loss below 24,778
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Use tight stop-losses in intraday trades to manage volatility
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Focus on financials, IT, and insurance for continued strength
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Avoid sectors showing fatigue like autos and pharma
FAQs – Nifty Market Prediction for 17 June 2025
Q1. Why did Nifty rally on 16 June 2025 ?
Broad-based buying, strong FII inflows, and positive global sentiment helped Nifty surge to a new high. IT and insurance stocks were the key drivers.
Q2. Will Nifty sustain above 25,000 ?
If Nifty closes above 25,136 with good volume, it could signal further upside. However, 25,000 remains a crucial psychological and technical level.
Q3. What are the key support and resistance zones for today ?
Support lies at 24,778 and 24,609, while resistance is at 25,136 and 25,305.
Q4. Which sectors look promising today ?
IT, banking, and insurance sectors look strong based on recent performance and technical setup.
Q5. Should I initiate fresh longs now ?
Fresh long positions can be considered above 25,136, with a stop-loss below 24,778. Avoid aggressive entries until Nifty confirms a breakout.