#Nifty directions and levels for June 25:Good morning, Friends! 🌞
Here are the market directions and levels for June 25:
Market Overview
The global market is showing bullish sentiment, while our local market is still maintaining a moderately bullish bias.
However, Gift Nifty is indicating a positive start of 103 points today.
So, what can we expect today?
Once again, the same thing happened in the previous session — even though the market started with a positive bias, it couldn't sustain.
Structurally, we are still in a range-bound market,
so even if the market opens positive, we can expect a correction at some point.
Let’s look at the chart for more clarity.
Both Nifty and Bank Nifty appear to be showing a similar structure.
Current View
The current structure suggests that even if the market opens with a gap-up, it may not sustain.
If the initial market declines and consolidates around the 78% Fibonacci level, then we can expect the correction to continue.
On the other hand, if the decline sees a solid pullback around 24,968, then we can expect a minimum pullback of 38% to 61% in the minor swing.
Alternate View
Structurally, the probability of a rally continuation is low,
which means we won’t get a bullish signal unless the price breaks above the 78%,level.
If it does break, we can expect a rally, though some rejections may occur along the way.
