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Below the Quote on Post-market comment 12 June 2025 by Hardik Matalia, Derivative Analyst, Choice Broking

On June 12, the Indian benchmark indices opened on a flat note and witnessed an initial upward move in early trade. However, the markets failed to sustain higher levels as selling pressure emerged, dragging the indices lower through the session. The Nifty 50 eventually closed below the 24,900 mark, reflecting a sharp reversal from the intraday highs. The Nifty 50 ended the day down by 253.20 points (1.01%) at 24,888.20, while the Sensex also closed in the red, losing 823.16 points (1.00%) to settle at 81,691.98.

On the daily chart, the Nifty formed a strong Bearish Engulfing candle, signaling a shift in sentiment and indicating aggressive selling pressure during the session. Notably, the day’s low has come close to the short-term 20-day EMA, which could act as an important support level. If the index manages to hold this level and displays signs of reversal, it may resume its broader bullish trend. On the downside, 24,800 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 revive bullish momentum and confirm a continuation of the 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 placing tight stop-losses is prudent in the current environment marked by elevated market volatility.

On the sectoral front, the market witnessed broad-based weakness, with all sectors ending in the red, failing to hold on to their early gains. Realty, Energy, Auto, Metal, and FMCG emerged as the major losers, registering declines in the range of 1.28% to 2.02%, reflecting intensified selling pressure and lack of sectoral support. The broader markets underperformed the benchmarks sharply, with the Nifty Midcap 100 index falling by 1.60% and the Nifty Smallcap 100 index declining by 1.78%. This highlights a noticeable shift in sentiment away from mid- and small-cap stocks amid heightened market volatility and broad consolidation.

The India VIX surged by 2.54% to 14.0150, indicating a rise in market volatility and growing nervousness among market participants. Open Interest (OI) data shows the highest concentration on the call side at the 25,000 and 25,200 strike prices, indicating strong resistance at these levels. On the put side, significant OI build-up is observed at the 24,800 and 24,700 strike prices, marking these as key support zones.

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