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Below the Quote on Post Market Comment 24th June 2025 by Mandar Bhojane, Research Analyst, Choice Broking

Benchmark indices witnessed a volatile trading session on Tuesday, June 24. The Nifty 50 ended 72 points higher, settling at 25,044.35, while the Sensex closed up by 158 points. Although markets opened on a firm note, sharp intraday swings and profit booking at higher levels kept overall sentiment in check.

The day began with optimism, supported by strong global cues and a sharp decline in crude oil prices, alongside reports of a potential ceasefire between Iran and Israel. This led to a gap-up opening on the Nifty. However, as the session progressed, geopolitical concerns resurfaced after reports of a possible ceasefire violation by Iran. This triggered a round of selling pressure, wiping out much of the early gains.

On the daily chart, the Nifty formed a bearish candle, indicating resistance at higher levels. The index closed just below the 25,050 mark. If the Nifty breaches the 24,750 support zone, we may see a further correction towards 24,500, followed by 24,200 and 24,000 levels. On the flip side, 25,200 remains a crucial resistance; a sustained move above it could open the doors for an upside towards 25,600–26,000 levels.

Volatility remained subdued, with India VIX falling 2.88% to 13.64, suggesting reduced fear among traders. In the derivatives segment, the highest Call OI is seen at the 25,200 strike, and the highest Put OI at 25,000, indicating a short-term trading range between 25,000–25,200 for the Nifty.

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