Pre-Market Outlook – 16th June 2025 | Nifty Below 24,800 | Focus on Defensive Sectors Amid Global Cues
By CapitalKeeper | Pre-Market Opening | Indian Stock Market | Market Moves That Matter
As we begin the third week of June 2025, the Indian equity markets are showing signs of fatigue after an extended bull run. The indices closed lower last Friday with Nifty ending at 24,718.60, below key support, signaling caution ahead. With global sentiment mixed and sector rotation evident, markets could see volatile consolidation this week.
📊 Market Recap – 14th June 2025 (Friday Close)
| Index | Closing Price | Change | Sentiment |
|---|---|---|---|
| Nifty 50 | 24,718.60 | 🔻 -384 pts | Weak Close |
| Bank Nifty | 55,527.35 | 🔻 -1.99% | Selling Pressure |
| Sensex | 81,118.60 | 🔻 -1.57% | Broader Market Correction |
| Fin Nifty | 26,335.60 | 🔻 -2.07% | NBFC & Pvt Banks Weak |
🔍 Nifty 50 – Technical Analysis
- Major Support Levels: 24,575 / 24,420
- Resistance Levels: 24,860 / 25,100
- Trend: Bearish bias unless 24,860 is reclaimed
📌 Analysis:
Nifty broke below the crucial 24,860 support zone on Friday, triggering stop losses and closing weak. A further drop to 24,420 cannot be ruled out if 24,575 fails to hold.
✅ Intraday Strategy:
- Buy only above 24,860 for intraday bounce
- Avoid longs below 24,575
- Swing Short: Below 24,575 → Target 24,420
🔍 Bank Nifty – Technical Levels
- Support Zones: 55,140 / 54,800
- Resistance Zones: 56,000 / 56,300
📌 Analysis:
Bank Nifty saw broad-based selling in both private and PSU banks. It closed near its weekly low, and any gap-down below 55,140 can trigger further pressure.
✅ Strategy:
- Avoid aggressive longs below 55,140
- Fresh buying only above 56,000 with confirmation
🔍 Fin Nifty – Outlook
- Support Levels: 26,100 / 25,950
- Resistance: 26,600 / 26,880
📌 Analysis:
Fin Nifty corrected sharply as NBFCs and private financials saw profit booking. Unless 26,600 is crossed again, upside seems limited.
✅ Trade Plan:
- Look for buying near 26,100–26,150 with SL below 25,950
- Short rallies near 26,600 if not sustained
🏢 Sector-Wise Trend – 16th June 2025
🔼 Likely Bullish/Defensive Sectors
🧴 FMCG & Consumption
- Safe haven buying amid volatility.
- Stocks to watch: HUL, Dabur, Britannia, Marico
🏥 Pharma & Healthcare
- Defensive move as risk appetite declines.
- Stocks to watch: Sun Pharma, Lupin, Dr. Reddy’s
🌾 Fertilizers (Sector Focus Continues)
- Monsoon expectations supporting price movement.
- Stocks to watch: Chambal Fert, GNFC, Coromandel
🔽 Weak/Bearish Sectors
🔧 Metals & Auto
- Global slowdown concerns and weak Chinese demand hitting metal & auto stock sentiment.
- Avoid: Tata Steel, Hindalco, Hero Moto
🏦 Banks (Private)
- Short-term weakness persists in ICICI, Axis, HDFC Bank.
- PSU Banks showing mild resilience, but not for aggressive buying yet.
🏗️ Realty
- Rate-sensitive sector facing selling due to higher valuations.
- Prefer wait-and-watch approach.
🌍 Global Cues Impacting Markets
| Indicator | Status |
|---|---|
| US Markets | Slightly negative, awaiting Fed comments |
| Dollar Index | Firm at 105.2 – pressuring EM flows |
| Brent Crude | ~$77.90 – Neutral for inflation outlook |
| INR/USD | ₹85.82 – Weakness weighing on FIIs |
| FII Activity | Net sellers last 3 sessions |
📌 Intraday Stock Watchlist – 16th June 2025
| Stock | Bias | Reason |
|---|---|---|
| Dabur India | Buy | Strong support at ₹450, defensive play |
| Sun Pharma | Buy | Breakout above ₹1,855 possible |
| Coromandel Intl | Buy | Strength in Fertilizer sector |
| Axis Bank | Sell | Weak structure below ₹1,190 |
| Hero MotoCorp | Sell | Auto stocks weak, resistance at ₹4,350 |
🧠 Final Thoughts
The coming week may remain range-bound to negative unless key resistance levels are reclaimed. With profit booking seen in overvalued stocks and heavy sectors, focus is now shifting to defensives and monsoon-linked plays.
🔔 Stay cautious, trade light, and stick to technically clean charts.
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