NIFTY INTRADAY ANALYSIS 23rd JUNE 2025
NIFTY INTRADAY ANALYSIS 23rd JUNE 2025
NIFTY CMP 24856
Nifty could be volatile today and the quick resistance would be 24910 and the support could be today’s low that is 24824. A follow through is possible only if it breaks 24824 and sustains below it. If Nifty sustains above 24910 then it will be considered that the market shrugged off the initial fear of war overemphasis and could re-test 25000-25070 levels. On the flipside, the ultimate support would be at around 24740.
Indian equity benchmarks opened lower today as escalating tensions in West Asia weighed on investor sentiment. The sharp opening dip reflects global geopolitical uncertainty, particularly the US-Israel-Iran standoff obviously, but maintain that India’s strong domestic fundamentals and the RBI’s liquidity measures will limit further downside. Foreign portfolio investors (FPIs), who invested ₹7700 crore on Friday and ₹19,860 crore in May showing FIIs’ interest in Indian equity market.
Economists highlight recent RBI moves—including a surprise CRR cut and policy stance shift—as signs of proactive support for growth. Despite global headwinds, the India VIX is up today by 3% to 14.10 because of gap-down opening and expecting volatility ahead. PCR is at 0.8 which predicts indecisive or neutral move ahead.
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