CLOSING BELL —— REVIEW & PREVIEW @4PM —— Tuesday, June 24th 2025*

Amidst volatility, Nifty nabs a win on news of Iran-Israel ceasefire.

NIFTY (+72, 25044)
Sensex (+158, 8205462
Bank Nifty (+403, 56462)

# THEME OF THE DAY:

1) Despite wobbling in mid-session, bulls hold the ground as sentiments improve on Israel-Iran truce.

2) WTI Oil continues to trade with negative bias, now at $66 a barrel.

3) The Big question: Downside cushioned and upside capped??

4) Today’s trading theme suggests that Nifty bulls are likely to be reluctant on any excessive strength and so will be sellers on any excessive weakness.

The gyan mantra is to stay nimble.

5) Our call of the day suggests and is hopeful that Iran will consider diplomacy and relationships shall improve from here-on.

6) Focus now turns towards comments from Fed Chairman Powell in his congressional testimony.

7) Meanwhile, Fed Governor Christopher Waller, whose name is in the running to replace Fed Chair Jerome Powell, said rate cuts could come as soon as the central bank's July meeting.

8) Gold prices were seen trading with negative bias near the $3,316 per ounce, flirting with its one-week low, and most importantly, amidst news of easing Middle East tensions.

# Long Story Short: It appears, choppy waters and rough sea is likely to be the new normal and make bulls seasick —— But the good news is that buy on dips theme shall prevail

# TODAY’S MARKET RE-CAP:

1) Nifty ends comfortably above psychological 25000 mark.

2) India VIX inches lower to 13.54 levels.

3) The market breadth (33:17) was in clearly in favor of bulls, indicating the street still apprehensive with Middle-east conflicts.

4) The Nifty Mid-cap (+0.83%) and Nifty Small-cap (+0.75%) indices managed to end above the dotted lines for 3rd straight day.

8) Among sectoral indices, maximum sluggishness was witnessed in Nifty Media (-0.97%) followed by Nifty PSE (-0.27%) but that said, buying was witnessed in Nifty PSU Banks (+1.41%), Nifty Metal (+1.01%) and Bank Nifty (+0.74%).

# Bottom-line: Amidst volatility, Nifty shall continue to demonstrate constructive up-move.

# SECTOR GAINERS:
NIFTY PSUBANKS (+1.46%)
NIFTY METAL (+1.01%)
NIFTY PVT BANKS (+0.73%)

# SECTORS LOSERS
NIFTY MEDIA (-1.12%)

# Adv-Dec 33—17
# INDIA VIX 13.64 (-2.92%)
# NIFTY PCR (26th June) 0.78
# USD/INR Futures (June) (86.03)

# TECHNICAL OVERVIEW:

# A nice bullish candle is being witnessed on the daily charts of benchmark Nifty, indicating if there is any further tug-of-war between the bulls and the bears then bulls have an upper hand.

# Technically, Aggressive upside targets now seen at Nifty’s all-time-high at 26277.35 mark provided Nifty is able to move above its biggest hurdle at 25318 mark..

Meanwhile, the biggest support for Nifty will be at 24473 (low as on June 13th) and then downside risk seen at seen at 23935 mark (low as on May 9th).

The biggest make-or-break support for Wednesday’s trade is placed at 24821 mark.

# BULLS OF THE DAY:
ADANIPORTS (+2.89%)
JIOFIN (+2.85%)
SHRIRAMFIN (+2.09%)
GRASIM (+2.06%)
TATASTEEL (+1.71%)

# BULLS OF THE DAY:
ONGC (-2.90%)
POWERGRID (-1.43%)
INDUSINDBNK (-1.01%)
TRENT (-0.80%)
HCLTECH (-0.72%)

STOCK ALERT:

1) Vodafone Idea shares surge 4.89% amid report of Centre considering relief on Rs 84,000-cr dues

2) Hindustan Zinc (+0.56%) projects Rs 50,000 crore pre-capex free cash flow on efficiency gains

3) Equitas Small Finance BANK(+0.52%), Ujjivan Small Finance Bank (+0.81%), ESAF (+1.24%) and other small finance bank shares surge as RBI eases priority sector lending norms.

The Reserve Bank of India tweaked lending norms by reducing its mandatory priority sector lending requirement, covering areas like agriculture and small enterprises by 15 percentage points.

LotusFunds Super Trade: The Buy on Dips Theme Shall Prevail.

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