Trade Setup for June 26: Nifty Eyes 25,450 as Support Shifts to 25,100 After Second Day of Gains
Nifty 50 gains for 2nd day, finds support at 25,100; eyes 25,450 zone. Bank Nifty support seen at 54,000; rupee weakens to 86.09 vs USD.
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India’s benchmark index Nifty 50 extended its winning streak for a second consecutive session on Wednesday, closing comfortably above the crucial 25,100 mark, which analysts now view as the new support level. The bullish momentum has raised hopes for further upside in the coming sessions.
Technical Outlook
According to Aditya Gaggar, Director at Progressive Shares, the Nifty 50 has given a "decisive close above 25,100," indicating strong buying support. “With this momentum, the index is likely headed toward the 25,350–25,450 zone in the near term,” he said.
Brokerage Bajaj Broking echoed the optimism, noting that Nifty is currently testing the upper boundary of a six-week range between 24,500 and 25,250. “A sustained close above this upper band will confirm a breakout and open the path toward 25,500 levels,” the brokerage said in a note.
Bank Nifty Levels to Watch
For Bank Nifty, Bajaj Broking identified 54,000–54,500 as the key support range. On the upside, it sees potential for the index to retest 57,050, assuming the broader bullish sentiment continues.
Market Recap: June 25, 2025
Markets closed firmly in the green on Wednesday, buoyed by strong performances from Titan Ltd. and Grasim Industries Ltd.
NSE Nifty 50 ended up 200.40 points, or 0.80%, at 25,244.75
BSE Sensex gained 700.40 points, or 0.85%, to close at 82,755.51
Intra-day highs saw Nifty reach 25,266.80 and Sensex hit 82,815.91
Currency Market Update
The Indian rupee weakened slightly, ending 11 paise lower at 86.09 against the US dollar, compared to 85.98 in the previous session.
With technical indicators aligning in favor of a continued uptrend, investors will be closely watching whether Nifty can hold above the 25,250 mark and push toward the next resistance zones in the coming days.
