Morning Action @ 7 AM – Tuesday, June 24th 2025

# Gift Nifty is seen jumping out of the gate after US President Donald Trump says ceasefire agreed between Iran and Israel.

# Expect Nifty to ring decent recovery amidst;
1) The Israel-Iran ceasefire announcement.
2) Sharp plunge in Oil prices towards $66 a barrel.
3) Revival of Fed rate cut bets.

# Bottom-line: Nifty bulls are likely to trade with confidence with aim to recapture immediate hurdles at 25222 mark.

LotusFunds Super Traders: Make Hay While The Sun Shines

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty (+191, 25169)
Dow Futures: (+235, 42817)
Nasdaq 100 Futures (+182, 22039)

Nikkei (+407, 38763)
Hang Seng (+144, 23833)

Dow Jones (+375, 42582)
Nasdaq Composite (+184, 19631)
Bovespa (-565, 136551).

# MARKET TRENDS:
Global: Positive
FII: (-1874.38 Cr)
DII: (+5591.77 Cr)
Sentiment: Risky
Market Breadth: Neutral
Technicals: Consolidation
F&O: 24500 – 25500 zone.

INDIA VIX 14.04 (+2.71%)
USD/INR Futures (June) (86.79)
NIFTY PCR (26th June) 1.03
BANK NIFTY PCR (26th June) 0.86

# Nifty Outlook: We suspect, Nifty bulls are likely to be everywhere.

The gyan mantra is to make hay while the sun shines.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
Nifty Technically:
Nifty (CMP: 24972)
SUPPORT: 24751/24473
RESISTANCE: 25222/25600
RANGE: 24900-25250
BIAS: Positive
21 DMA: 24869
50 DMA: 24521
200 DMA: 24076

Sensex (CMP 81897):
SUPPORT: 81175/80354
RESISTANCE: 82784/83300
RANGE: 81500-83000
BIAS: Positive
21 DMA: 81691
50 DMA: 80710
200 DMA: 79266

Bank Nifty Technically:
BANK NIFTY (CMP 56059):
SUPPORT: 55566/54850
RESISTANCE: 56500/57100
RANGE: 55600-57100
BIAS: Positive
21 DMA: 55113
50 DMA: 55113
200 DMA: 51918

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# In overnight trade at Wall Street, the bulls are everywhere on backdrop of:

1) Sharp plunge in WTI Oil prices towards $66 a barrel.

2) Ceasefire quite likely in the 12-day conflict between Iran-Israel.

3) US President Donald Trump has said that Israel and Iran have agreed to a ceasefire.

4) Optimism prevailed after 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.

# Here is Trump’s timeline for Israel-Iran Ceasefire:

Iran will start the ceasefire and, upon the 12th Hour, Israel will start the ceasefire, upon the 24th Hour, an Official end to the 12-day war will be saluted by the World.

# Please note, US President Donald Trump says ceasefire agreed but Iran and Israel yet to comment…

# As on Monday’s closing bell, the Dow Jones ended up 0.9% to 42,581, the S&P 500 had added 1% at 6,025, and the Nasdaq Composite was higher by 0.9% to 19,630.

# Gold prices ($3349 per ounce) are wavering and trading below the psychological 3350 mark.

The Gyan Mantra for LotusFunds Super Traders: Make Hay While The Sun Shines

STOCK MARKET NEWS:

# Before we start, here is the famous quote from Benjamin Graham, renowned investor regarded as the father of value investing.

‘In the short run the market is a voting machine, but in the long run it is a weighing machine.’

# This is a market where sentiments change with a blink of an eye.

# Well, the mood was quite bearish in yesterday’s trade and now this Tuesday, and in-line with our call of the day, the market situation is aiming to change significantly towards bullish bias.

# Now, the Good News: WTI oil futures tumbled to $66.50 per barrel.

# The fall in oil prices is suggesting that markets are now pricing in a potential de-escalation of Middle-East conflict.

# Our call of the day still suggests bullish traders need to be on high alert and keep an close eye on threat of Iran attempting to close the Strait of Hormuz, a vital chokepoint for about 20% of global oil flows

# Please note, Iran is unlikely to gain much from the closure of Strait of Hormuz than it is likely to benefit from keeping it open.

# We are actually hopeful that Iran will consider diplomacy.

# Well, this could be beginning of an end to the entire middle-East tensions.

# Bottom-line: Nifty could bounce above its biggest hurdles at 25222 mark only if diplomacy takes centerstage at Middle East.

# Amongst stock specific action:

1) Equitas Small Finance Bank (+4.73%), Ujjivan Small Finance Bank (+0.17%), ESAF (+3.80%) and other small finance bank shares surged in Monday’s trade as RBI eased 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.

2) ITD Cementation India was consolidating after the company announcing that it has secured two major contracts cumulatively valued at approximately Rs 960 crore, excluding GST.

3) Zee Entertainment Enterprises (+12.46%) after the company released a detailed strategic business update outlining its plans for consolidation, capital infusion, and digital growth. Zee Entertainment reported that it holds a 17% share of the urban TV viewership market (15+ age group). This comes amid broader industry consolidation that has resulted in a two-player market structure, with Peer-1 holding a dominant 34% share.

4) Zen Technologies hit an upper limit of 5% after the company’s board approved the acquisition of TISA Aerospace (TISA) through a mix of share purchase plus compulsorily convertible debentures (CCDs) from current shareholders of TISA.

# Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (24972): Buy at CMP. Stop at 24497. Targets 25222/25350. Aggressive targets at 25600-26277.35 zone.

Bank Nifty (56059): Buy at CMP. Stop at 55221. Targets 56500/57100. Aggressive targets at 57500-58000 zone.

# Our chart of the day is bullish on PRESTIGE ESTATES, INDUS TOWER and M&M on any early intraday weakness with an interweek perspective.

# The 1 Stock to Buy Now: Buy PRESTIGE ESTATE (CMP 1719): Buy at CMP. Stop at 1639. Targets 1751/1783. Aggressive targets at 1803. (Interweek Strategy). Rationale: The stock is signaling a massive probable Flag Pattern breakout on the upside on the daily charts. Key interweek support 1653. Major hurdles at 1803. 200-DMA placed at 1519.

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