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Nifty Prediction for Today – 20 June 2025 | Technical Outlook, Market Sentiment & Trading Strategy
The Indian stock market ended on a cautious note on Thursday, 19 June 2025, as benchmark index Nifty 50 recorded a marginal decline, shedding 18.8 points to close at 24,793.25, down 0.08%. The market remained indecisive throughout the session, highlighted by the formation of consecutive doji candlesticks, reflecting a tug-of-war between bulls and bears.
The decline was primarily triggered by underperformance in heavyweight sectors such as IT and financial services. Stocks like INFY (-0.98%), TCS (-0.91%), and Bajaj Finance (-2.29%) were among the major draggers. However, selective strength in FMCG and auto sectors helped the index avoid a deeper fall. Stocks like Tata Consumer (+2.14%), Eicher Motors (+1.71%), and Mahindra & Mahindra (+1.58%) provided some cushion.
Nifty Market Summary – 19 June 2025
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Index: Nifty 50
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Closing Level: 24,793.25
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Points Lost: -18.8
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Percentage Change: -0.08%
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Market Breadth: 33 decliners, 17 gainers out of Nifty 50 stocks
The market showed weak breadth with a skew towards sellers. Global uncertainties, concerns over geopolitical developments, and subdued institutional activity contributed to the cautious tone among investors.
Also Read –https://bytethenews.in/sensex-share-bazar-for-today-open-20-june-2025/
Sector Performance and Market Drivers
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IT Sector: Remained under pressure due to weak global tech cues
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Financial Services: Saw profit booking and institutional unwinding
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FMCG & Auto: Outperformed as investors shifted focus to defensives
IT and finance continued to underperform, dragging down the broader index. Meanwhile, a rotation into defensives like FMCG and resilient auto stocks suggested cautious optimism.
Nifty Technical Analysis for 20 June 2025
From a technical standpoint, Nifty continues to oscillate within the 24,500 to 25,000 range, forming a rectangle pattern on the daily chart. The index has found support near its medium-term exponential moving average (EMA) and managed to close above its intraday lows.
This pattern of range-bound action indicates that traders are awaiting a breakout on either side for the next major trend to emerge. As of now, momentum indicators like RSI (Relative Strength Index) remain neutral around 50, suggesting a lack of clear direction.
Key Support Levels :
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24,730 – Immediate intraday support
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24,667 – Key support area
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24,600 – Strong technical base
Key Resistance Levels :
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24,860 – Minor upside barrier
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24,926 – Critical breakout level
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24,989 – Final resistance before the psychological 25,000 mark
A close above 24,989 could lead to a breakout and fresh all-time highs. On the contrary, a breakdown below 24,667 may result in increased selling pressure.
Trading Strategy for Nifty – 20 June 2025
For intraday and short-term traders, the strategy should be reactive and level-based:
Buy on breakout: Enter long positions only if Nifty breaks and sustains above 24,926–24,989 with good volume. This can pave the way for a rally towards 25,100–25,250.
Sell on breakdown: Go short if Nifty slips below 24,667, with targets at 24,600–24,514. Use a tight stop-loss above 24,730.
Focus on sectors: Keep an eye on auto and FMCG stocks for strength. Avoid aggressive exposure to IT and financial stocks until a clear reversal is seen.
Risk Management: Volatility is expected to stay elevated due to geopolitical factors and global economic uncertainty. Use tight stop-losses and proper position sizing.
Frequently Asked Questions (FAQs) – Nifty Forecast for 20 June 2025
Q1. Why did Nifty fall on 19 June 2025 ?
A: The fall was due to selling in heavyweight stocks, especially in IT and finance. Global cues and indecision around geopolitical developments added to the pressure.
Q2. Is it the right time to buy Nifty for positional trades ?
A: A fresh long position is only advisable if the index closes above 24,989 with strong momentum. Otherwise, it remains a wait-and-watch zone.
Q3. What are the immediate support and resistance levels for Nifty ?
A: Support is placed at 24,730, 24,667, and 24,600, while resistance lies at 24,860, 24,926, and 24,989.
Q4. Which sectors are showing strength right now ?
A: FMCG and auto sectors have shown relative strength. IT and financials remain weak due to global volatility and profit booking.
Q5. Can Nifty touch 25,000 today ?
A: A breakout above 24,989 could trigger a fresh rally towards and beyond 25,000, provided global cues support the move.