MID-DAY MARKET UPDATE – 18 JUNE 2025 | Nifty Sluggish, Bank Nifty Recovers
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
🕛 Mid-Day Snapshot – Indian Stock Market
| Index | Open | Current (12:30 PM) | Trend |
|---|---|---|---|
| Nifty 50 | 24,788.35 | 24,786.95 | 🔁 Flat |
| Bank Nifty | 55,544.95 | 55,788.35 | 🔼 Recovery |
| Sensex | 81,314.62 | 81,358.58 | 🔁 Sideways |
| Fin Nifty | 26,349.80 | 26,368.65 | 🔼 Mildly Up |
🌍 Global Cues Driving Sentiment
📌 Global markets trade cautiously ahead of the US Federal Reserve policy update tonight.
- Dow Futures: Slightly positive
- SGX Nifty: Hovering near flat line, signaling indecision
- Crude Oil (Brent): Holding above $82.50 — supports BPCL, HPCL
- Gold Prices: Stable ahead of Fed speech
- USD/INR: At 83.41 – No sharp FX move; RBI likely monitoring
📈 Technical View
- Nifty:
📉 Rangebound with mild selling pressure
🔼 Resistance: 24,950
🔽 Support: 24,700
Failing to cross above 24,850 convincingly, wait for directional clarity. - Bank Nifty:
📈 Showing better intraday strength
🔼 Resistance: 56,200
🔽 Support: 55,400
Mild recovery from morning lows could lead to short-covering if momentum holds.
🔍 Sector-Wise Trend Analysis
| Sector | Sentiment | Key Stocks Moving |
|---|---|---|
| Banking | 🔼 Positive | ICICI, Axis lead recovery |
| IT | 🔁 Mixed | Infosys weak, LTIM flat |
| Pharma | 🔼 Strong | DRL, Cipla, Divi’s seeing demand |
| Energy | 🔁 Mixed | BPCL holds gains, Reliance under pressure |
| Auto | 🔽 Weak | Tata Motors, M&M retracing from highs |
| FMCG | 🔽 Soft | HUL, Britannia facing selling near highs |
✅ BTST (Buy Today, Sell Tomorrow) – Top 5 Picks for 18 June 2025
- Dr. Reddy’s Labs (CMP ₹1,315.00)
- Strong delivery volumes, holding support near ₹1,300
- 🎯 Target: ₹1,350 | 🛑 SL: ₹1,295
- BPCL (CMP ₹311.60)
- Crude support + bullish OI data in options
- 🎯 Target: ₹344 | 🛑 SL: ₹302
- Axis Bank (CMP ₹1,218.50)
- Intraday volume surge, outperforming peers
- 🎯 Target: ₹1,255 | 🛑 SL: ₹1,200
- LTIMindtree (CMP ₹5,447.25)
- Daily MACD crossover, support at ₹5,400
- 🎯 Target: ₹5,555 | 🛑 SL: ₹5,380
- Titan (CMP ₹3,424.10)
- Recovery from early lows, RSI reversal zone
- 🎯 Target: ₹3,700 | 🛑 SL: ₹3,390
📰 Top News Impacting Market Today
- 📢 US Fed Meeting Tonight: All eyes on rate stance, commentary on inflation
- 📈 FIIs Net Buyers on Tuesday – ₹179 Cr inflow in cash segment
- 🌾 India’s monsoon cover improves – positive for agri & fertilizer stocks
- 🛢️ Oil steady – Indian refiners hold momentum
- 🏛️ RBI Commentary: Monetary tightening on hold; supports liquidity
📌 CapitalKeeper View:
“Mid-day action shows indecisive Nifty while Bank Nifty is showing strength. A close above key resistance zones may trigger short-covering in the latter half. Pharma and Energy remain best placed for BTST trades.”
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