On Tuesday, markets opened on a strong bullish note, supported by positive global cues after Israel accepted the US-proposed ceasefire agreement. The Gift Nifty opened at 25,102, up 52 points, while India VIX continued its downward trend, easing by 2.88% to 13.64, reflecting reduced market volatility. The Nifty 50 saw a significant gap-up opening at 25,179.90, up 208 points or 0.8%, and although it touched a high of 25,317.70 in the morning session, it ended the day at 25,044.35. Similarly, the BSE Sensex opened at 82,534.61 and closed at 82,055.11, up 158.32 points or 0.19%, while Bank Nifty gained 402.55 points or 0.72% to finish at 56,461.90.
On the sectoral front, strong buying interest was seen in PSU Banks and Metal stocks, while the CPSE Index remained under pressure. Globally, Asian markets surged in response to the ceasefire development, with major indices like the Hang Seng, Kospi, and Nikkei 225 posting notable gains.
In this overview, we will analyze the key technical levels and trend directions for Nifty, Bank Nifty, and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 5-minute timeframe.
NIFTY 50 Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The Nifty 50 Index opened on a positive note at 25,180 on Tuesday, up by 208 points from Monday’s closing of 24,972. The Nifty Index traded in green in the morning session, reaching an intraday high of 25,317.7, breaking above the 25,200 level. It was trading above the opening level, around the 25,200 range, gradually reaching above 25,300, in the morning session, and was above all four 20/50/100/200 EMAs in the 15-minute time frame. In the afternoon session, the Nifty Index retreated from its day’s high, and closed at 25,044 and stayed above the 100/200-day EMAs but slightly below the 20/50 EMAs in the 15-minute time frame.
Nifty’s immediate resistance levels are R1 (25,138), R2 (25,241), and R3 (25,315), while immediate support levels are S1 (25,000), S2 (24,946), and S3 (24,829). The Nifty index had reached a day’s high at 25,318, closed above the 25,000 mark, and saw a day’s low at 25,000. Finally, it had closed at 25,044, gaining +72.4 points or 0.29%. The Relative Strength Index (RSI) stood at 56.71 (well below the overbought zone of 70) in the daily time frame, and Nifty 50 closed above the four 20/50/100/200 EMAs in the daily time frame.
Bank Nifty Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The Bank Nifty Index also opened on a similar note at 56,529. It was trading above the opening level at the 56,650 range in the morning session, in green, and was above all four 20/50/100/200 EMAs in the 15-minute time frame. While in the afternoon session, Bank Nifty corrected from its day’s high of 56,862 and closed at 56,461.9, staying above the 100/200-day EMAs but slightly below the 20/50 EMAs in the 15-minute time frame.
Bank Nifty immediate resistance levels are R1 (56,546), R2 (56,714), and R3 (56,862), while immediate support levels are S1 (56,280), S2 (56,029), and S3 (55,775). The Bank Nifty index had peaked at 56,862 and had a day’s low at 56,276. The Bank Nifty closed above the day’s low at 56,462, up by +402 points or 0.72%. The Relative Strength Index (RSI) stood at 59.2 (well below the overbought zone of 70) in the daily time frame, and Bank Nifty closed above all four 20/50/100/200 EMAs in the daily time frame.
BSE Sensex Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The BSE Sensex Index followed the same trend, opening at 82,535. It was trading above the opening level at the 82,750 level in the morning session, in green and above all four 20/50/100/200 EMAs in the 15-minute time frame. In the afternoon session, the BSE Sensex retreated slightly and closed around 82,055 while staying above the 100/200-day EMAs but slightly below the 20/50 EMAs in the 15-minute time frame.
BSE Sensex immediate resistance levels are R1 (82,384), R2 (82,571), and R3 (82,805), while immediate support levels are S1 (81,969), S2 (81,794), and S3 (81,616). The BSE Sensex index had peaked at 83,018 and had a day’s low at 81,900. Finally, it had closed at 82,055, up by +158 points or 0.19%. The Relative Strength Index (RSI) stood at 54.98 (well below the overbought zone of 70) in the daily time frame, and BSE Sensex was above the 20/50/100/200 EMAs in the daily time frame.
Market Recap June 24th, 2025
On Tuesday, the Gift Nifty signaled a strong bullish tone for the broad indices, opening at 25,102, up 52 points from the previous day’s close. India VIX further eased market volatility, declining 2.88% to 13.64 from the prior close of 14.05. Positive global sentiment supported Indian benchmark indices, following Israel’s acceptance of the US-proposed ceasefire agreement.
The Nifty 50 opened with a gap-up at 25,179.90 on Tuesday, rising 208 points or 0.8% from the previous close of 24,971.9. It touched a day high of 25,317.70 during the morning session and ended at 25,044.35, gaining 72.45 points or 0.29% intraday. The index closed above all key moving averages-20/50/100, and 200-day EMAs, on the daily chart, with an RSI of 56.71, staying below the overbought level of 70. The BSE Sensex followed a similar pattern, opening at 82,534.61 and hitting an intraday high of 83,018.16. It ended the session at 82,055.11, up 158.32 points or 0.19%, also closing above all four EMAs, with an RSI of 54.98. Bank Nifty opened at 56,529.45 and climbed to an intraday high of 56,862, eventually settling at 56,461.90, up 402.55 points or 0.72%. It closed above all four EMAs with an RSI of 59.21. However, early gains across the benchmark indices reversed in the afternoon session due to ceasefire violations, profit booking, and the upcoming monthly expiry of futures and options contracts.
On the sectoral front, the Nifty PSU Bank Index led the gains, closing at 6,939.1, up 99.55 points or 1.46%. Union Bank of India, Canara Bank, Bank of Maharashtra, and Indian Overseas Bank rose up to 3%, lifting the index. The Nifty Metal Index also advanced, gaining 92.55 points or 1.01% to close at 9,291. Steel Authority of India surged 3.2%, while Welspun Corp., Hindustan Copper, and NMDC gained over 2%.
In contrast, the Nifty CPSE Index was among the top laggards, ending at 6,565, down 81.30 points or 1.22%. Oil India dropped 5.58%, Oil & Natural Gas fell 2.97%, Cochin Shipyard declined 2.94%, and Power Grid Corporation was down 1.48%.
Asian markets posted strong gains following the ceasefire news. Hong Kong’s Hang Seng jumped 2.06% or 487.94 points to 24,177.07, closing above the 24,000 mark. South Korea’s Kospi rose 2.96% or 89.17 points to 3,103.64. Japan’s Nikkei 225 added 436.47 points or 1.14% to close at 38,790.56. The Shenzhen Index advanced 169.24 points or 1.68% to 10,217.63, while Shanghai’s Composite Index ended at 3,420.57, up 38.98 points or 1.15%.
In the US, Dow Jones Futures were up 300.71 points or 0.7% at 42,875.54 (as of 3:45 pm). Markets also await the two-day testimony of Fed Chair Jerome Powell before Congress, starting Tuesday night.
India VIX
The India VIX decreased from 14.05 to 13.64 on Tuesday. The index eased significantly after the Iran-Israel ceasefire agreement, thus indicating lessened market volatility.
Trade Setup Summary
The Nifty 50 opened on a positive note on Tuesday and maintained its uptick throughout the morning session, breaking above the 25,200 mark, and closed at 25,044, peaking at 25,318. The index was optimistic as Iran and Israel came to a ceasefire agreement, thus easing the geopolitical tensions. A break below 25,000 could trigger further selling towards 24,946.
Bank Nifty opened on a similar note and tested the levels of 56,280, which stands as a key support level. In the morning session, Bank Nifty surged to a day’s high at 56,862 and closed slightly below at 56,462. All major banking stocks were in the green, with heavyweights including HDFC Bank, ICICI Bank, Axis Bank, etc, pulling the index upwards. A break below 56,280 could trigger further selling towards 56,029.
Sensex opened on a similar trend, closing on a positive note and breaking the 83,000 level, peaking at 83,018. A break below 81,969 could trigger further selling towards 81,794.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these
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