Stock Market Prediction for Monday – 23 June 2025: Nifty, Sensex, Bank Nifty & FINNIFTY Outlook
Indian equity markets staged a powerful rebound on Friday, 21 June 2025, with major indices breaking past key psychological levels. Driven by strong buying in financials and heavyweights, the sentiment turned bullish, marking a sharp contrast to the earlier cautious outlook. As we look ahead to Monday’s trading session, here’s a detailed forecast for Nifty, Sensex, Bank Nifty, and FINNIFTY based on the latest technical data and market movement.
Nifty 50 Prediction for 23 June 2025
The Nifty 50 index surged 319.15 points to settle at 25,112.4, gaining 1.29% on broad-based buying. Out of the 50 stocks, 43 advanced, with financial heavyweights HDFC Bank (+1.44%), ICICI Bank (+1.07%), and Reliance Industries (+2.15%) leading the rally. These three alone contributed over half of the index’s gains. TRENT emerged as the top gainer with a 3.96% jump.
The index decisively breached its previous resistance levels and closed above the 25,000 mark for the first time, indicating a potential breakout from its recent consolidation phase.
Trend: Bullish
Support Levels: 24,885 • 24,658 • 24,533
Resistance Levels: 25,238 • 25,363 • 25,590
Strategy: Hold long positions with a daily closing stoploss at 24,711. Fresh shorts only below this level.
Bank Nifty Prediction for 23 June 2025
Bank Nifty rallied 675.4 points to close at 56,252.85, up 1.22%, with 11 of its 12 constituents ending in the green. HDFC Bank (+1.44%) and ICICI Bank (+1.07%) led the charge, while CANBK (+2.25%) and Federal Bank (+1.62%) outperformed.
The index broke its tight trading range, signaling renewed strength and a potential trend reversal to the upside.
Trend: Positive
Support Levels: 55,770 • 55,287 • 55,008
Resistance Levels: 56,532 • 56,811 • 57,294
Strategy: Go long with a stoploss of 55,352 on daily closing basis. The index remains strong as long as it stays above this level.
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Sensex Prediction for 23 June 2025
The BSE Sensex climbed 1,046.3 points to end at 82,408.17, marking a 1.29% gain. Key drivers included Reliance (+2.15%), HDFC Bank (+1.44%), and Bharti Airtel (+3.04%). Out of the 30 constituents, 26 closed in the green, indicating strong overall breadth.
Though the IT sector underperformed, with Infosys flat and TCS up just 0.15%, the broader index strength shows bulls are firmly in control.
Trend: Positive
Support Levels: 81,656 • 80,904 • 80,485
Resistance Levels: 82,827 • 83,247 • 83,999
Strategy: Continue holding long positions with a stoploss at 81,108. Short positions may only be considered on a close below that level.
FINNIFTY Prediction for 23 June 2025
The Nifty Financial Services index jumped 349.05 points to end at 26,648.70, a 1.33% rise. Power Finance Corporation (+4.55%), Jio Financial (+3.31%), and REC (+2.71%) were the top movers.
18 of 20 constituents closed higher, showing strong momentum across NBFCs, banks, and insurers. Despite minor weakness in Axis Bank and Muthoot Finance, the outlook remains bullish.
Trend: Bullish
Support Levels: 26,401 • 26,153 • 26,014
Resistance Levels: 26,788 • 26,928 • 27,176
Strategy: Go long with a closing stoploss of 26,193. FINNIFTY remains in an uptrend above this level.
FAQs – Market Outlook for 23 June 2025
Q1. Why did the market rally on 21 June 2025 ?
Strong buying in financials and heavyweight stocks like Reliance, HDFC Bank, and ICICI Bank triggered a broad-based rally, breaking past recent resistance zones.
Q2. What is the near-term trend for Nifty and Bank Nifty ?
Both indices have entered a bullish zone after breaking out of consolidation. Nifty looks poised to test 25,363–25,590 levels, while Bank Nifty has room till 57,294.
Q3. Which sectors are showing strength now ?
Financial services, banking, and select large-cap names in FMCG and telecom have shown renewed strength. IT remains relatively weak.
Q4. What are the critical stoploss levels to watch ?
Nifty: 24,711 | Bank Nifty: 55,352 | Sensex: 81,108 | FINNIFTY: 26,193
Q5. Is this a good time for positional traders ?
Yes, the breakout above key levels indicates momentum is back. Traders can consider long positions with proper risk management.