Nifty 50 trade setup amid Israel-Iran conflict : June 16
Stock Market Today: Weak mood is anticipated to persist and may retest the 24,500 barrier as long as the Nifty-50 Index is below 24,850. According to experts, a break of 24,500 might increase selling pressure and cause the index to drop to 24,300.
Stock Market Today: The benchmark Nifty-50 index completed the week ending June 13, 2025, at 24,718—a decrease of just over 1%. Although IT and pharmaceuticals were among the gainers, the Bank Nifty also experienced a 1.8% decline, closing at 55,527.35. Real estate,FMCG,metals,and automobiles also saw profit booking.Mid- and small-cap stocks also finished more than 1% lower in the overall markets.
Monday’s Trade Setup :
Weak sentiment is anticipated to persist and may retest the 24,500 mark as long as the MNifty-50 Index is below 24,850. According to Amol Athawale,VP-Technical Research at Kotak Securities,a breach of 24,500 might increase selling pressure and cause the index to drop to 24,300.
According to Athawale,the crucial support zone for the Bank Nifty is between 55,000 and 55,200.
International markets and the Israel-Iran dispute :
In light of continuous geopolitical unpredictability and important central bank meetings, markets are probably going to continue to be volatile in the future. According to Ajit Mishra, SVP, Research, Religare Broking Ltd., market investors will be keenly monitoring the U.S. Federal Reserve next policy announcement as they seek clarification on the timing and scope of possible rate decreases,particularly in light of conflicting economic indications.
Mishra noted that the monsoon development,changes in the price of crude oil,WPI inflation data,and FII activities would continue to be the primary domestic emphasis points.
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