OPENING BELL – 17 June 2025
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
🌅 Markets Edge Higher: Cautious Optimism Amid Global Steadiness
| Index | Previous Close | Today’s Open |
|---|---|---|
| Nifty 50 | 24,946.50 | 24,977.85 |
| Bank Nifty | 55,944.90 | 55,975.00 |
| Sensex | 81,796.15 | 81,869.47 |
| Fin Nifty | 26,554.75 | 26,577.25 |
🧭 Market Overview:
Indian equity markets started Tuesday’s session on a positive note, extending a steady recovery after Monday’s range-bound close. Technical indicators hint at buy-on-dip opportunities, especially in Bank Nifty and Fin Nifty, as long as key support levels hold.
🔍 Key Technical Zones:
- Nifty 50:
🔼 Resistance – 25,100
🔽 Support – 24,800
✅ Bias: Buy on dips above 24,850 - Bank Nifty:
🔼 Resistance – 56,200
🔽 Support – 55,600
✅ Watch for reversal trades near support zone - Fin Nifty:
⚖️ Consolidation between 26,400–26,700; breakout above 26,720 may fuel momentum.
🌍 Global Market Cues:
- Wall Street posted modest gains overnight; S&P 500 continues to hover near all-time highs.
- Asian markets opened mixed; Hang Seng marginally higher, Nikkei trades flat.
- Crude Oil hovers around $78/barrel — OPEC commentary awaited.
- Dollar Index steady near 105.2; INR trades at 83.41/USD — stable outlook.
- No major global events today, though investors remain alert ahead of US Fed Chair Powell’s testimony later this week.
🧩 Sectoral Outlook:
- IT – Mild profit booking; large-caps in consolidation.
- Pharma – Fresh buying visible after Monday’s momentum.
- Auto – Mixed; watch Tata Motors and M&M for intraday reversals.
- Banking & Financials – Slight upward bias; PSU Banks outperforming private peers.
- FMCG & Energy – Stable; Reliance continues to support index.
🚀 Top 5 Intraday Stock Picks – 17 June 2025
- ✅ Sun Pharma (CMP ₹1,660.50)
📌 Pharma sector gaining traction; breakout above ₹1,680 on cards
🎯 Target: ₹1,710 | 🛑 SL: ₹1,635 - ✅ Tata Motors (CMP ₹678.75)
📌 Stock trying to stabilize above ₹730 after early dip; auto index showing resilience
🎯 Target: ₹820 | 🛑 SL: ₹640 - ✅ ICICI Bank (CMP ₹1,125.00)
📌 Buying interest visible near ₹1,125–1,130 zone; swing opportunity
🎯 Target: ₹1,162 | 🛑 SL: ₹1,118 - ✅ BPCL (CMP ₹318.90)
📌 Crude stable; OMCs may continue upward move
🎯 Target: ₹339 | 🛑 SL: ₹311 - ✅ LTIMindtree (CMP ₹5,505.00)
📌 Holding up well amid IT sector pullback; delivery-based interest
🎯 Target: ₹5,550 | 🛑 SL: ₹5,460
💬 CapitalKeeper’s Take:
“Today’s market structure favors buy-on-dip trades, particularly if Nifty holds 24,850+. Bank Nifty has reclaimed early morning lows — bullish if sustained. Keep an eye on sectoral rotation and global cues from U.S. markets heading into mid-week.”
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🔍 By CapitalKeeper.in — Your Trusted Financial Insight Partner
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