MID-DAY MARKET UPDATE – 19 JUNE 2025 | Nifty Range bound, Bank Nifty Leads with Strength
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
As anticipated in yesterday’s analysis, Nifty 50 has respected the key support zone between 24,730–24,740 in early trade today. After opening at 24,803.25, the index dipped slightly but found buying interest around that support band.
- ✅ Support Zone: 24,730–24,740 (Held firmly during early dips)
- 🚀 Resistance Zone: 24,920–24,930 (Yet to be tested, critical for momentum breakout)
📈 What to Watch:
- A break and close above 24,930 can lead to a swift rally toward 25,050–25,100.
- However, failure to hold above 24,800 may invite intraday profit booking back to 24,720–24,700.
Intraday Sentiment remains cautiously bullish, especially with Bank Nifty showing strength.
🕛 Market Status @ 12:30 PM
| Index | Open | Current | Intraday Trend |
|---|---|---|---|
| Nifty 50 | 24,803.25 | 24,846.10 | 🔼 Slightly Positive |
| Bank Nifty | 55,784.85 | 56,056.50 | 🔼 Strong Recovery |
| Sensex | 81,403.93 | 81,582.45 | 🔼 Mildly Bullish |
| Fin Nifty | 26,379.10 | 26,491.80 | 🔼 Climbing |
📈 Technical Takeaway – Mid-Day View
- Nifty 50
✔️ Trying to cross the 24,850 resistance
✔️ Support continues to hold at 24,700
➡️ Closing above 24,900 may trigger momentum buying. - Bank Nifty
🚀 Near the crucial 56,100 resistance
➡️ Break above this can lead to 56,300+ targets intraday.
🔁 Support: 55,600
🧭 Sectoral Movers – Midday Heatmap
| Sector | Trend | Commentary |
|---|---|---|
| 💊 Pharma | 🔼 Leading | Strong buying in Sun Pharma, DRL, Cipla |
| 🛢️ Energy | 🔼 Positive | BPCL, IOC supported by firm crude prices |
| 💼 Banking | 🔼 Strong | Axis, ICICI lead Bank Nifty bounce |
| 💻 IT | 🔽 Soft | TCS, Infosys see mild profit booking |
| 🚗 Auto | 🔁 Neutral | Tata Motors stable; Hero Moto rangebound |
| 🛒 FMCG | 🔽 Weak | HUL, Britannia under pressure |
🌍 Global Market Pulse
- US Fed leaves rates unchanged, hints at cautious approach toward cuts
- Dow Futures +0.12%, Nasdaq Futures flat – tech stocks in focus
- Asian Markets mixed – Nikkei weak, Hang Seng flat
- Crude Oil stable at $82.60 – supportive for energy sector
- USDINR steady at 83.38 – no pressure from currency markets
✅ BTST Stock Picks – 19 June 2025 (Updated @ Mid-Day)
- Sun Pharma (CMP ₹1,646.60)
🔹 Strong follow-through from earlier momentum
🎯 Target: ₹1,685 | 🛑 SL: ₹1,630 - BPCL (CMP ₹312.25)
🔹 Holding above breakout; OMCs outperform
🎯 Target: ₹346 | 🛑 SL: ₹300 - Axis Bank (CMP ₹1,219.10)
🔹 Clean upward trend; breakout above ₹1,225 confirmed
🎯 Target: ₹1,245 | 🛑 SL: ₹1,205 - Divi’s Lab (CMP ₹6,506.00)
🔹 Momentum continuation; attractive for BTST
🎯 Target: ₹6,700 | 🛑 SL: ₹6,420 - Tata Power (CMP ₹385.85)
🔹 Volume-backed gains; energy segment theme play
🎯 Target: ₹460 | 🛑 SL: ₹356
🗞️ Market-Moving Headlines
- 🏦 RBI likely to hold rates in August too – bullish for rate-sensitive sectors
- 🌧️ Monsoon progression boosts agri-linked stocks
- 🌐 Fed commentary eases fears – global risk appetite improving
- 🔥 FIIs net buyers for second consecutive session – positive short-term sentiment
- 🔍 Buzzing Sectors: Pharma, Energy, Banking
🧠 CapitalKeeper Mid-Day View:
“Market breadth remains positive with Bank Nifty showing leadership. Nifty needs a clean breakout above 24,900 to resume upside. Energy and Pharma look like the themes of the day. Traders should eye a BTST strategy in quality largecaps showing high delivery.”
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