OPENING BELL – 16 June 2025 🔔 Muted Opening After Friday’s Breakdown — Markets Eye Global Cues Ahead
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
| Index | Previous Close | Today’s Open |
|---|---|---|
| Nifty 50 | 24,718.60 | 24,732.35 |
| Bank Nifty | 55,527.35 | 55,554.10 |
| Sensex | 81,118.60 | 81,034.45 |
| Fin Nifty | 26,335.60 | 26,385.60 |
📌 Market Opening Snapshot:
Indian stock markets opened flat to mildly positive on Monday as traders weighed the global cues post a volatile last week. While Nifty and Bank Nifty saw a technical breakdown on Friday, today’s opening shows a cautious bounce attempt. However, the key resistances must be reclaimed quickly, else weakness could extend.
Technical Levels to Watch:
- Nifty 50: Resistance at 24,850–25,000 zone. Support at 24,600 and then 24,420.
- Bank Nifty: Resistance at 56,000. Support at 55,200–54,900.
- Fin Nifty: Range bound between 26,200 and 26,600. Watch for breakout above 26,650.
📉 If indices fail to sustain above immediate resistance levels, a deeper retracement is likely.
Global Cues:
- U.S. Markets ended slightly lower on Friday as investors await fresh economic data and Fed commentary.
- Asian markets opened mixed today; Nikkei flat, Hang Seng mildly lower.
- Crude oil remains under pressure near $77; Brent around $81.
- INR stable near 83.48/USD, keeping importers cautious.
Sectoral View:
- Pharma & IT stocks showing early resilience.
- Metal and Auto sectors under slight pressure.
- FMCG sideways with stock-specific moves.
- Banking flat; PSU Banks trying to stabilize.
🚀 Top 5 Active Intraday Stocks – 16 June 2025:
- Cipla Ltd. (CMP ₹1,532.00)
🔹 Strong pharma momentum; fresh breakout watch above ₹1,500
🎯 Target: ₹1,600 | 🛑 SL: ₹1,500 - Axis Bank (CMP ₹1,198.50)
🔹 Holding support at 1,150; potential bounce if index recovers
🎯 Target: ₹1,220 | 🛑 SL: ₹1,160 - Tata Motors (CMP ₹674)
🔹 Auto weak, but Tata Motors showing strength on volume pickup
🎯 Target: ₹720 | 🛑 SL: ₹665 - LTIMindtree (CMP ₹5,398.00)
🔹 IT sector buzz continues; strong buying near ₹5,350 support
🎯 Target: ₹5,470 | 🛑 SL: ₹5,340 - Hindalco (CMP ₹638.30)
🔹 Metal under pressure; breakdown below ₹650 may trigger downside
⚠️ Sell on rise 🎯 Target: ₹618 | 🛑 SL: ₹665
Today’s Event Watchlist:
- No major domestic data, but traders eye U.S. Housing and Manufacturing data later today.
- Continued focus on monsoon updates and FII-DII flows.
📌 CapitalKeeper’s View:
“Both Nifty and Bank Nifty are trading below key resistances. Until 25,000+ and 56,000+ are decisively reclaimed, risk remains skewed to the downside. Stock-specific action and global cues will dictate intraday opportunities.”
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