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Below the Quote on Post -Market Comment 16 June 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd 

On June 16, the Indian benchmark indices opened on a flat note but witnessed strong buying interest from lower levels as the session progressed. This buying momentum helped the Nifty 50 index recover and close near the 24,950 mark on a strong positive note. The Nifty 50 ended the day higher by 227.90 points (0.92%) at 24,946.50, while the Sensex gained 677.55 points (0.84%) to settle at 81,796.15.

On the daily chart, the Nifty index witnessed follow-through buying, forming a strong bullish candle, indicating a positive shift in sentiment. The index has bounced from near its medium-term 50-day EMA and has successfully moved above the short-term 20-day EMA, suggesting strengthening bullish momentum. On the downside, 24,900 remains the immediate support, followed by a more crucial support zone in the 24,700–24,500 range. A breakdown below this zone could trigger further selling and potentially drag the index lower. On the upside, 25,000 acts as the initial resistance, while the 25,200 level remains a key hurdle. A decisive breakout and sustained move above this resistance zone will be necessary to confirm a continuation of the broader uptrend. Given the prevailing global uncertainties and event-driven risks, traders are advised to adopt a disciplined approach with strict risk management. Exercising caution and maintaining tight stop-losses is prudent in the current environment marked by elevated market volatility.

On the sectoral front, the market witnessed broad-based gains, with all sectors closing in the green. IT, Realty, Metal, Financial Services, and Energy were among the top performers, rising between 0.76% and 1.57%. The broader markets also participated in the upmove, with the Nifty Midcap 100 index gaining 0.93% and the Nifty Smallcap 100 index advancing by 0.95%, reflecting sustained buying interest across segments.

India VIX declined by 1.61% to 14.8375, indicating a slight easing in market volatility and a relatively stable sentiment among participants. In the options segment, the highest Open Interest (OI) on the call side is concentrated at the 25,000 and 25,200 strike prices, suggesting these levels as key resistance zones. On the put side, significant OI build-up is seen at the 24,900 and 24,800 strike prices, highlighting these as important support levels.

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