Quote on Pre-Market Comment 19 June 2025 by Mandar Bhojane, Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 19 June 2025 by Mandar Bhojane, Research Analyst, Choice Broking Ltd
Indian markets are set to open on a flat to negative note today, with GIFT Nifty down by 60 points. On June 18, benchmark indices ended lower for the second consecutive session in a volatile trading day, as investors remained cautious ahead of the U.S. Federal Reserve's policy decision and ongoing tensions in the Middle East.
As expected, the U.S. Federal Reserve kept interest rates unchanged. However, in their statement, policymakers maintained expectations for two rate cuts this year, while a growing minority now anticipates no cuts at all. Additionally, the Fed slightly revised its outlook, projecting just one quarter-point cut each in 2026 and 2027.
For the Nifty 50, key support is seen at 24,600, followed by 24,400 and 24,200. On the upside, resistance levels are placed at 25,000 and 25,200. A breakout above 25,200 may lead to a fresh rally, while a drop below 24,500 could trigger short-term selling pressure.
Bank Nifty is expected to remain range-bound, with key support levels at 55,400–55,000 and resistance at 56,200–56,400. Traders should watch closely for a breakout in either direction.
Foreign Institutional Investors (FIIs) were net buyers on June 18, purchasing equities worth ?890 crore. Domestic Institutional Investors (DIIs) also remained buyers, investing Rs.1,091 crore during the session.
India VIX declined by 0.89% to 14.2750, suggesting reduced market volatility and improved investor sentiment. Overall, the outlook remains cautiously optimistic, supported by strong institutional flows and improving global cues. Traders should monitor the 25,200 mark on Nifty as a potential trigger point for upward momentum.
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