What To Expect From Nifty 50 And Bank Nifty On June 24 2025?

Indian indices were influenced by increasing global growth concerns and US consumer spending expectations as a result of falling crude oil prices and an optimistic monsoon rains outlook supporting rural demand. RBI’s neutral stance and benign inflation readings support liquidity, while government infrastructure spending and corporate earnings provide further support. However, tight global monetary policy and geopolitical tensions keep volatility alive.

Let's understand what will Nifty 50 and Bank Nifty will do tomorrow

What Will Be The Momentum Of Bank Nifty On June 24, 2026?

The Nifty Bank Index closed at 56,059.35 on June 23, just above the classic pivot point (56,049.15), indicating a neutral-to-bullish stance heading into June 24. The daily chart shows a successful retest of the ascending trendline, while the price stays within the Fibonacci zone, currently hovering around the 0.382 retracement level (56,494.25). A sustained move above this could push the index toward R1 (56,531.90) and further up to R2 (56,810.95), with 56,910.80 acting as a key Fibonacci resistance.

Technicals align with cautious optimism: RSI, MACD, and ROC are bullish, hinting at underlying strength. Yet, the William %R and Stochastic suggest short-term fatigue, and ADX at 17.66 points to a weak trend. ATR of 610.92 signals low volatility, so breakout moves may need strong catalysts.

Moving averages show mixed signals—bearish crossover in the short term (5 & 20 DMA) but bullish structure in medium and long-term crossovers, indicating that while short-term pullbacks are possible, the broader trend remains upward.For June 24, if the index sustains above 56,050, a test of 56,500–56,910 is likely. Below 55,770, downside opens toward 55,385, with strong support at 54,108.

What Will Be The Momentum Of Nifty 50 On June 23? 

The Nifty 50 Index ended at 24,971.90 on June 23, slightly below the classic pivot point of 25,010.75, suggesting mild bearish undertones. However, the price remains above the 20-day SMA (24,862.07) and within the Bollinger Band range (24,531.68 to 25,192.46), keeping the broader trend intact.

On the charts, the index attempted to break out above the Fibonacci 0.5 level (25,160.90) but failed to sustain, forming a small rejection candle below R1 (25,237.85). Key supports lie at 24,885.30 (S1) and 24,658.20 (S2).

Momentum indicators like RSI (55.07), MACD, Stochastic, and William %R remain bullish, pointing to buying strength. However, ROC is negative, and ADX at 13.28 highlights a weak trend. Despite this, all moving average crossovers across short, medium, and long term are bullish, confirming strong broader trend alignment.

For June 24, if Nifty 50 sustains above 24,885 (S1) and reclaims the pivot zone, a move toward R1 at 25,237.85 is likely. A breakout beyond 25,363.30 (R2) could accelerate upside toward 25,590.40 (R3). Failure to hold support could drag it down to 24,658.20, and a break there may test 24,532.75.

Conclusion 

Bank Nifty and Nifty 50 enter June 24 with cautiously bullish undertones, supported by key trendline retests, constructive moving-average structures and positive momentum readings. Low volatility means breakouts will require clear catalysts, while mixed shorter-term signals counsel prudence. Sustaining above pivotal zones should open upside toward recent highs, but failure to hold support levels could trigger corrective dips.

RA Disclaimer: The information provided here is for educational and informational purposes only and should not be construed as investment advice. You are solely responsible for conducting your own research and due diligence before making any financial decisions.