Sensex Prediction for Today – 23 June 2025 | Bulls Take Charge as Markets Rally Past 82,400
The Indian stock market witnessed a strong bullish wave on Friday, 20 June 2025, as the BSE Sensex surged by 1,046.30 points, closing at 82,408.17, marking a 1.29% gain. This rally was broad-based, supported by positive momentum in heavyweight stocks such as Reliance Industries (+2.15%), HDFC Bank (+1.44%), and Bharti Airtel (+3.04%). The upbeat sentiment was fueled by improved global cues and renewed investor confidence in financial and energy sectors.
The rally signals a potential breakout from the recent consolidation zone, pushing the Sensex into a stronger bullish trend. Market breadth remained positive with 26 out of 30 Sensex constituents ending in the green, reflecting growing investor optimism.
Sensex Performance Recap – 20 June 2025
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Closing Level: 82,408.17
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Points Gained: +1,046.30
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Percentage Change: +1.29%
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Market Breadth: 26 advances vs 4 declines
Top Gainers :
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Bharti Airtel: +3.04%
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Reliance Industries: +2.15%
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HDFC Bank: +1.44%
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M&M: +1.58%
Top Losers :
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Infosys: Flat
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TCS: +0.15% (underperformed the broader market)
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HUL: Slightly negative
IT stocks remained laggards despite the rally, with Infosys showing limited movement and TCS barely in the green, indicating investor preference toward cyclicals and financials.
Also Read –https://bytethenews.in/stock-market-predictions-for-monday-next-week-20-june-2025/
What Boosted the Market on 20 June 2025 ?
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Positive Global Cues: US and European indices closed higher on easing inflation fears and expectations of dovish central bank commentary.
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Domestic Buying Interest: Increased participation from institutional investors in large-cap banking and energy stocks.
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Technical Breakout: Sensex finally breached its previous resistance around 81,772, opening up new upside possibilities.
Technical Outlook for Sensex – 23 June 2025
The Sensex has moved firmly into a positive trend, crossing the key resistance at 81,960. Momentum indicators like RSI and MACD have turned bullish, suggesting more upside potential.
Support Levels :
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81,656 – Minor pullback support
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80,904 – Previous resistance, now support
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80,485 – Trendline base
Resistance Levels :
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82,827 – Immediate upside barrier
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83,247 – Short-term extension
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83,999 – Psychological resistance
A close above 83,247 could trigger another leg higher toward 84,000+. However, traders must watch for potential consolidation near resistance zones.
Trader Strategy for 23 June 2025
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Hold Long Positions: Traders holding long should continue with a daily closing stop-loss at 81,108.
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Fresh Long Entry: Buy on dips above 81,772 with targets of 82,827 and 83,247.
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Avoid Shorts: Until the index breaks below 80,485, no short trades are advisable in this momentum-driven market.
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Focus on Sector Rotation: Financials, auto, and telecom are leading; avoid heavy exposure in underperforming IT and FMCG sectors.
FAQs – Sensex Outlook for 23 June 2025
Q1. Why did Sensex rally on 21 June 2025 ?
The rally on 21 June was primarily driven by positive global cues, including signs of easing inflation and hopes of supportive central bank policies abroad. Additionally, strong institutional buying in heavyweight sectors like banking and energy, along with a technical breakout above a key resistance level (81,772), added to the bullish momentum. This combination of domestic and international optimism helped lift overall market sentiment.
Q2. Is the market likely to continue its upward trend ?
The outlook remains positive as long as the Sensex sustains above the crucial 81,772 level. Technical indicators show strengthening momentum, and a confirmed breakout above 83,247 could open doors for further gains. However, traders should stay cautious near resistance zones and keep an eye on global developments that could impact sentiment.
Q3. Which sectors are leading the rally ?
Banking, energy, telecom, and auto sectors are showing strong momentum. IT and FMCG are still weak but may recover if sentiment remains supportive.
Q4. What is the best trading strategy for today ?
Look to buy near the 81,772 support with targets toward 83,247. Use strict stop-losses and avoid high-risk trades unless a clear breakout occurs.
Q5. Is this a good time for long-term investors ?
Yes. The breakout offers a good entry for quality stocks, especially in banking and consumer sectors. A staggered approach is recommended.