Pre Market 24 June 2025: Nifty Pullback, Sector Rotation, Oil & Dollar Impact
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Nifty Holds Near 25,000 | Sector Rotation Underway Amid Middle East Calm & Oil Correction
By CapitalKeeper.in
📊 Market Snapshot – 23rd June 2025
| Index | Close | Change | Trend |
|---|---|---|---|
| Nifty 50 | 24,971.90 | –140.50 pts | Pullback below 25K |
| Bank Nifty | 55,059.35 | –566.50 pts | Weakness in financials |
| Sensex | 81,896.79 | –511.38 pts | Broad-based sell-off |
| Fin Nifty | 26,556.50 | –92.20 pts | Profit booking starts |
🌐 Global Cues & Overnight Developments
- Oil Drops After Middle East Retaliation
Oil prices fell nearly 4% after Iran carried limited strikes, avoiding disruption to shipping lanes—Brent settled near $74/barrel easing inflation fears. - Safe-Haven Demand Subsides
With calm returning, global equities turned cautious but stable. U.S. futures flat, Asia saw mixed sessions . - Dollar & Bond Yields
Dollar Index remains strong near 105.4, while U.S. 10‑y yields hold steady in the 4.2–4.3% range. - FII Flows
Foreign institutional investors sold moderately yesterday in financials and metals; DIIs stepped in across defensives.
📉 Key Technical Levels
- Nifty 50:
Support: 24,900 / 24,800
Resistance: 25,100 / 25,230
Outlook: Bearish bias if below 24,900; upside only on sustained rally above 25,100. - Bank Nifty:
Support: 55,000 / 54,800
Resistance: 56,000 / 56,300
Outlook: Under pressure—play cautiously above support, avoid drawdowns. - Fin Nifty:
Support: 26,400 / 26,200
Resistance: 26,800
Outlook: Moderately weak; NBFCs could hold better than banks.
🏢 Sector-Wise Snapshots
✅ Strong/Defensive Themes
| Sector | Rationale | Stocks to Watch |
|---|---|---|
| Fertilizers | Seasonal support; oil correction favorable | Chambal, Coromandel, GNFC |
| FMCG | Rotation amid global volatility | ITC, Britannia, Dabur |
| PSU Banks | Relative resilience vs private banks | BoB, Canara, Union Bank |
🏚️ Weak or Cautious Sectors
| Sector | Headwinds | Stocks to Avoid |
|---|---|---|
| Financials | Rate volatility; profit booking in private banks | HDFC Bank, ICICI, Axis Bank |
| Auto | Rising input costs; weak demand | Tata Motors, M&M, Bosch |
| Realty & Infra | Rate sensitivity; low trading volume | DLF, Oberoi, L&T |
| IT | Strong dollar impacting margins | Infosys, TCS, Wipro |
🔎 Intraday Stock Picks – 24th June 2025
| Stock | Action | Strategy Trigger |
|---|---|---|
| Chambal Fert | Buy | Bounce off ₹305 support with volume |
| ITC | Buy | Holds above ₹480; rotation to defensives |
| Union Bank | Buy | PSU strength near ₹125 |
| HDFC Bank | Sell | Trades below ₹1,500; financial caution |
| Tata Motors | Sell | Bias below ₹990; weak monthly trend |
🔎 Pre-Market Strategy – 24th June 2025
- Nifty:
- 🔼 Buy above 25,100; target 25,230 / 25,400
- 🔽 Sell below 24,900; target 24,800 / 24,700
- Bank Nifty:
- 🔼 Buy above 56,000; avoid below 55,000
- Fin Nifty:
- Favorable buying between 26,400–26,500, watch 26,800 upside
🧠 Final Thoughts
The pullback from global risk-off and financials under pressure provides an opportunity to rotate into defensives: Fertilizers, FMCG, PSU banks. Oil correction reduces inflation bias, but the strong dollar remains a concern for export-linked sectors.
📌 Trade only near confirmed technical triggers. Strict stop-loss discipline remains key.
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