MARKET TREND MIX – 04 JUNE 2025 | SENSEX WEEKLY EXPIRY TODAY
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
Indian Stock Market Technical Outlook with Sector Watch & Levels
The Indian stock market opened with mixed cues today, aligned with the weekly expiry of the SENSEX derivative contracts. The broader mood remains cautiously optimistic, with technical indicators pointing toward a dip-buying opportunity—but only up to a point. Let’s decode the market setup, technical levels, sector strength, and important intraday timings for the day.
🔍 Study View for the Day
📊 Derivatives & Sentiment Indicators
- FII Index Long Positions:
🔻 Dropped sharply to 16.73% from 19% — hinting at short-term caution from institutional players. - Put-Call Ratio (PCR):
- Nifty PCR: ⬇️ 0.65 (from 0.82)
- Bank Nifty PCR: ⬇️ 0.87 (from 1.04)
This reduction shows reduced bullish bias in option data.
- India VIX:
📉 Down by 3.5%, now at 16.55, suggesting stability returning—but still above comfort zone.
📌 Verdict: Not a crash setup yet, but a dip is possible. Longs are valid only above 24400+; below 24250, market may drag down toward 23850–24000 zone.
💡 Technical Chart View
🔵 NIFTY 50 (Spot 24542.50)
- ⚠️ Critical Zone: Avoid aggressive longs below 24400; Extreme caution below 24684
- 📈 Resistance Levels:
- 24780 / 24855
- 24930 / 25030
- 25070 / 25152 / 25210
🔺 Above 25210: Potential upside till 25300 / 25395+
- 📉 Support Levels:
- 24400 / 24510
- 24555 / 24600 / 24684
🟢 BANKNIFTY (Spot 55599.95)
- 📈 Resistance Levels:
- 55950 / 56100 / 56300
- 56400 / 56700
- 📉 Support Levels:
- 54000 / 54255 / 54450 / 54510
- 54600 / 54855 / 55005
- 55200 / 55350 / 55500 / 55710
📌 Action Plan: Range-bound with a bullish bias if 55500 sustains; below 55200, sharp volatility possible.
🔍 Sectors Under Focus (Bullish Bias)
- 🏦 PSU Banks & Private Banks
- 📊 Nifty Midcap 100 – Stock-specific strength visible
- 📈 Nifty Smallcap 100 – Selective strength emerging
- 🚆 Railway Stocks – Momentum stocks of the week
- 🚗 Auto Sector – Strong rotational buying
- ⚡️ Energy & Power Stocks – Continue to lead
⚠️ Sectors to Stay Cautious In
- 🛡️ Defense Stocks
- 🏭 PSE (Public Sector Enterprises)
- 🍬 FMCG – Only stock-specific bets advisable
🕒 Important Intraday Time Zones
Watch for trend reversals or momentum shift around:
- ⏰ 12:24 PM
- ⏰ 1:05 PM
- ⏰ 1:56 PM
These timings are based on historical intraday volatility patterns and often align with institutional activity or F&O moves.
📢 Final Note
The market may witness intraday volatility due to SENSEX weekly expiry. Despite a dip in FII long positions and PCR values, the Buy-on-Dips strategy remains valid only above 24400 (Nifty). Traders should monitor support-resistance zones closely and manage risk near volatile trigger points like 24684 (Nifty).
Stay tuned for intraday trade updates and sector rotation cues throughout the day.
🖊 Written by CapitalKeeper.in – Your Daily Dose of Smart Market Insight
🧠 CapitalKeeper’s Takeaway
- Watch out for price action around 24,800 – it’s the key wall to climb.
- A clean breakout with volume above this congestion zone may fuel momentum towards 25,113+, completing the Wolfe Wave target.
- Maintain a disciplined stop-loss strategy around major intraday supports and don’t chase breakouts blindly in this volatility.
- Stock-specific trades in Auto, Railways, and Banks are likely to offer short-term momentum.
📢 Stay tuned to CapitalKeeper.in for more real-time updates and actionable insights throughout the trading day.
Conclusion:
The Indian equity markets are currently navigating through mixed signals, with Nifty 50 showing signs of consolidation, Bank Nifty exhibiting neutral momentum, and Fin Nifty displaying cautious optimism. Traders and investors should monitor key support and resistance levels, along with global economic developments, to make informed decisions.
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