Nifty 50 Today Analysis (June 6, 2025)
Market Overview: Nifty 50 ended the day above the 25,000 mark with a strong bullish sentiment following RBI's surprise 50 basis points rate cut to boost growth.
- Closing: Nifty closed above 25,000 with strong momentum.
- Sectors Leading: Auto, Banking, and IT showed strong buying interest.
- Support Level: 24,700 – critical for trend continuation.
- Resistance Level: 25,050 – breakout point for higher targets.
Sector Performance
- Auto: +0.85%
- Bank Nifty: +0.53%
- IT: Flat to slightly positive
Technical Outlook
If Nifty breaks above the resistance zone of 25,050–25,070, it can target 25,300 to 25,600 in the coming sessions.
If Nifty fails to sustain above 25,000, expect a possible decline towards 24,700–24,800.
What To Do Tomorrow (June 9, 2025)
- For Traders: Watch for a breakout above 25,050. Go long with tight stop-loss near 25,000.
- For Investors: Hold positions with a bullish outlook while Nifty trades above 24,700.
- Options Strategy: Use short strangle or iron condor near the 25,000 level to profit from sideways movement.
Trade Plan Summary
Key Level | Action |
---|---|
Above 25,050 | Go long, target 25,300–25,600 |
Below 25,000 | Exit longs or go short till 24,700 |
Final Tips
- Stay updated on global cues and RBI commentary.
- Focus on strong sectors like Auto and Banks.
- Use proper stop-loss to manage risk.
Note: This is not financial advice. Do your own analysis or consult a professional before investing.