Stock Market Prediction for Tuesday – 24 June 2025: Nifty, Sensex, Bank Nifty & FINNIFTY Outlook
Indian equity markets faced strong selling pressure on Monday, 23 June 2025, with all major indices closing in the red amid negative global cues and profit-booking in IT and banking heavyweights. With caution returning to the Street, here’s a detailed outlook for Nifty, Sensex, Bank Nifty, and FINNIFTY based on technical trends and market breadth.
Nifty 50 Prediction for 24 June 2025
The Nifty 50 index declined by 140.5 points or 0.56% to close at 24,971.9. The fall was largely driven by weakness in the IT sector, where stocks like Infosys (-2.4%), HCL Tech (-2.11%), and Wipro (-1.24%) were hit hard following disappointing results from Accenture. Only 15 out of 50 stocks advanced, with stocks like Trent (+3.57%), Tata Consumer (+0.96%), and Bajaj Finance (+0.88%) showing some resilience.
Technically, the index closed above the 20-day EMA, indicating underlying support. However, the RSI has corrected to 55, reflecting indecision and a lack of strong direction.
Trend: Cautiously Bullish
Support Levels: 24,846 • 24,719 • 24,613
Resistance Levels: 25,078 • 25,183 • 25,310
Strategy: Hold long positions with a daily closing stoploss at 24,711. Fresh shorts may be considered only below this level.
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Bank Nifty Prediction for 24 June 2025
The Bank Nifty index dropped by 193.5 points to settle at 56,059.35, down 0.34%. Heavyweights like HDFC Bank (-0.83%), SBIN (-0.77%), and ICICI Bank (-0.49%) dragged the index lower. However, IDFC First Bank (+1.17%)and PNB (+0.84%) provided some cushion.
Despite the decline, the index recovered 250 points from the day’s low and closed above its 20-day EMA, indicating buying interest at lower levels.
Trend: Range-bound with Positive Bias
Support Levels: 55,815 • 55,570 • 55,360
Resistance Levels: 56,269 • 56,478 • 56,723
Strategy: Continue to hold long positions with a daily closing stoploss at 55,425. Consider short trades only if this level is breached.
Sensex Prediction for 24 June 2025
The BSE Sensex tumbled by 511.38 points, closing at 81,896.79, a drop of 0.62%. The bearish mood was led by declines in L&T (-2.14%), HUL (-1.35%), ITC (-1.1%), and RIL (-0.83%). A total of 24 stocks in the index ended lower.
IT stocks were under pressure due to weak global cues, especially after Accenture’s earnings. However, select stocks like Bajaj Finance (+1.2%), Kotak Bank (+0.66%), and Bajaj Finserv (+0.57%) posted gains.
Trend: Cautiously Positive
Support Levels: 81,526 • 81,155 • 80,833
Resistance Levels: 82,219 • 82,541 • 82,912
Strategy: Hold long positions with a stoploss at 81,108. Consider fresh shorts only below this level.
FINNIFTY Prediction for 24 June 2025
The Nifty Financial Services (FINNIFTY) index slipped 92.2 points to end at 26,556.5, down 0.35%. Losses in key stocks like HDFC Bank (-0.83%), ICICI Bank (-0.49%), and HDFC Life (-0.68%) weighed on the index. 11 out of 20 constituents ended in the red.
On the brighter side, Cholamandalam Finance (+1.68%) and Bajaj Finance (+1.16%) outperformed and lent some support.
Trend: Consolidation with Upward Bias
Support Levels: 26,423 • 26,290 • 26,190
Resistance Levels: 26,656 • 26,756 • 26,890
Strategy: Maintain long positions with a stoploss at 26,217. Avoid aggressive shorts unless this level breaks.
FAQs – Market Outlook for 24 June 2025
Q1. Why did the markets fall on 23 June 2025 ?
The sell-off was triggered by negative sentiment in the IT sector due to weak global tech earnings and profit-booking in banking heavyweights.
Q2. Is Nifty still in a positive trend ?
Yes, technically it is holding above key support levels. However, a close below 24,711 may indicate further weakness.
Q3. Which sectors showed strength despite the fall ?
Consumer-facing sectors and select NBFCs like Trent, Bajaj Finance, and Cholamandalam Finance showed resilience.
Q4. What are the key stoploss levels for tomorrow ?
Nifty: 24,711 | Bank Nifty: 55,425 | Sensex: 81,108 | FINNIFTY: 26,217
Q5. Should I consider buying the dip ?
Yes, selectively. Focus on fundamentally strong stocks that showed buying support at lower levels.