🔍 Key Highlights:
- Sensex closes at 83,598, marginally down by 36.83 points (-0.04%).
- Nifty 50 slips to 25,507, ending lower by 17.70 points (-0.07%).
- Bank Nifty declines to 57,278, losing 54 points (-0.09%).
- Profit booking observed near recent highs.
- Bollinger Band suggests mild consolidation phase may continue.
📈 Sensex Chart Analysis (15-min Timeframe)
The S&P BSE Sensex traded within a tight range today, showing signs of exhaustion after a strong uptrend last week. The Bollinger Bands showed price contraction with candles forming near the middle band (20-SMA), hinting at consolidation.
- Resistance: 83,884 (Upper Bollinger Band)
- Support: 83,462 (Lower Bollinger Band)
- Recent bearish candles suggest profit booking at higher levels.
- A breakdown below the mid-Bollinger band may test 83,200 next.
📊 Nifty 50 Technical Outlook
The Nifty 50 Index closed at 25,507.45, slightly in the red. The index remains structurally bullish but faced resistance near 25,590 (upper Bollinger Band).
- Key Support Zones: 25,200 and 24,500
- Volume: 32.11M (higher than average) indicating potential trend change.
- Short-term trend: Neutral to mildly bullish.
📎 Internal link: See our weekly breakdown:
👉 Nifty 50 Weekly Chart Analysis – June 2025
🏦 Bank Nifty Index Insights
The Bank Nifty Index stayed under mild selling pressure, ending at 57,278. The lower highs and rejection from upper Bollinger Band suggest short-term weakness.
- Resistance: 57,486
- Support: 57,213 (if broken, next level at 56,700)
- Volume spike at 18.69M indicates institutional activity on intraday dips.
📎 Internal link: Read more about banking sector trends:
👉 Banking Stocks to Watch This Month
📉 Market Sentiment & Strategy
- Consolidation likely as RSI and Bollinger indicators signal short-term fatigue.
- Sensex, Nifty, and Bank Nifty are holding above crucial supports—bullish bias remains intact for July if no breakdown occurs.
- Strategy: Accumulate quality stocks on dips, wait for confirmation before heavy entries.
📎 External link: Stay updated on live indices:
👉 Moneycontrol Markets Live
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⚠️ Disclaimer:
This article is for educational and informational purposes only. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making investment decisions.
