Nifty & Bank Nifty Signals – 23June 2025
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
🔍 Nifty Market Sentiment
Nifty continues to trade with a positive bias as it holds firm above key intraday support zones. Momentum is gradually building up, and traders are closely watching the breakout level near 24,930–24,990.
🔼 Positive Triggers:
- FII Index Longs ↑ to 22%
- PCR ↑ to 1.03 – Suggests fresh put writing
- India VIX steady near 14.25 – volatility compression phase
- Sector leaders: IT, Pvt Banks, Fin Services
🔐 Key Technical Levels
🔻 Support Zones
- 24,720 – 24,740 – Intraday demand zone
- 24,645 – Minor support
- 24,576 – Strong support (positional)
- ⚠️ Below 24,684: Momentum weakens
🔺 Resistance Zones
- 24,930 – 24,990 – Immediate breakout zone
- 25,080 – Momentum breakout (gap fill zone)
- 25,140 / 25,185 / 25,236 – Extension targets
📌 Above 24,930, bulls may attempt to push toward 25,080–25,185.
A close above 25,236 will likely confirm a fresh short-term rally.
📈 Technical Indicator Summary
| Indicator | Reading | Interpretation |
|---|---|---|
| RSI (1H) | ~60+ | Positive but not overbought |
| MACD | Bullish Crossover | Gaining strength |
| Bollinger Bands | Squeezing | Volatility expansion expected |
| Volume | Moderate ↑ | Confirming upward move |
🎯 Trade Strategy Suggestions
- ✅ Buy on dips near 24,740–24,780 with SL below 24,684
- 🚀 Add positions above 24,930–24,990 breakout zone
- 🔁 Intra scalping between 24,720–24,990
- ❌ Avoid new longs if price breaks below 24,684
- 📊 Monitor global cues + Bank Nifty + IT Index for confirmation
📘 Note
This is a technical market view based on current data and price action.
Please consult your financial advisor before trading.
Always use stop-loss and proper position sizing.
📊 Bank Nifty Market Sentiment
Bank Nifty is currently trading with range-bound bullish undertones, hovering near resistance levels. While strength is visible in ICICI Bank and Axis Bank, the overall sector needs confirmation via breakout above 56,070.
- FII Index Longs at 22% – supportive
- PCR slipped to 0.72 – indicating caution
- India VIX steady – low volatility environment
- Private Banks outperforming PSU Banks
🔐 Key Technical Levels
🔻 Support Zones
- 55,620 – Minor intraday support
- 55,350 – 55,200 – Strong demand zone
- 55,050 – 54,900 – Breakdown zone
- ⚠️ Below 54,750, weakness may accelerate
🔺 Resistance Zones
- 56,070 – Key breakout level
- 56,220 – 56,400 – Momentum extension
- 56,700 – 57,000 – Medium-term target zone
📌 A decisive hourly close above 56,070 can trigger a rally toward 56,400 – 56,700+
Breakdown below 55,200 could bring weakness back into the index.
📈 Technical Indicator Summary
| Indicator | Reading | Signal |
|---|---|---|
| RSI (1H) | ~58 | Mild bullish |
| MACD | Slight positive crossover | Bullish bias intact |
| Volume | Moderate | Needs pickup for clean breakout |
| PCR (Bank Nifty) | 0.72 | Cautious stance |
🧭 Intraday Strategy
❌ Exit longs if index breaks below 55,050
✅ Buy on dips near 55,350 – 55,500, with SL below 55,200
✅ Add positions above 56,070, target 56,400 – 56,700
🔁 Range scalping between 55,350 – 56,070 if no breakout
📊 Fin Nifty Market Sentiment Overview
Fin Nifty is currently trading with a mild positive bias, consolidating just below the key breakout zone of 27,250–27,300. Increased FII long positions (22%), a stable India VIX, and improving momentum in private banks and NBFCs suggest a potential upside breakout—but only above confirmation levels.
🔐 Key Technical Levels – Fin Nifty
🔻 Support Zones
- 26,300 – 26,350 – Intraday support
- 26,000 – 26,100 – Critical short-term support
- 25,850 – 25,900 – Breakdown zone for trend reversal
🔺 Resistance Zones
- 26,750 – Immediate resistance
- 27,300 – Momentum breakout level
- 27,440 – First target after breakout
- 27,600 – Extended target on strength
📌 Hourly close above 26,700 may confirm breakout toward 26,740–27,800.
Break below 26,300 might pull index into correction phase.
📈 Indicator Summary
Indicator Reading Implication RSI (1H) 51 Mildly bullish MACD Bullish crossover Momentum building Volume Trend Stable Needs a spike for breakout OI Data CE buildup at 26,700 Key resistance holding
⏰ Intraday Timings to Watch
- 🕛 12:03 PM – First volatility spike
- 🕐 1:02 PM – Intraday direction confirmation
- 🕒 2:01 PM – Potential breakout or reversal zone
📌 Use these times with 5/15-minute candles and volume confirmation for better entries.
🎯 Fin Nifty Strategy Recommendations
- ✅ Buy near 26,400–26,450 with SL below 26,350
- ✅ Add aggressively above 27,000 for 27,440 / 27,600 targets
- 🔁 Scalping opportunities within 27,000–27,250 range
- ❌ Avoid holding long if price falls below 26,300 with volume
✍️ By CapitalKeeper – Smart Trading Starts with Smarter Data
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