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Below the Quote on Morning Market Movement 19th June 2025 by Akshay Chinchalkar, Head of Research, Axis Securities 

The Nifty finished 41 points down yesterday but the fact that the candle had a long upper shadow means the intraday highs just under the pivotal 25000 level were sold into aggressively, and that's not bullish behaviour. If we record a daily close below the 24750 lows against the 24950 highs, it will increase the risk of a deeper pullback toward the low end of the 24600 - 24800 zone. Immediate resistance on the upside rests near yesterday's highs and should bulls break above there, the next upside objective will be 25240. Global sentiment is bearish because the chances of the US joining the Israel-Iran war have increased after President Trump's statement yesterday that all options are on the table.

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