June 12, 2025
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Nifty & Nifty Bank Technical Analysis by Samco Securities for 13 June 2025
By Om Mehra, Technical Research Analyst, SAMCO Securities
Nifty Faces Heat at 25K As Caution Creeps In
Nifty ended the session at 24,888.20, down 1.01%, snapping recent gains and forming a strong bearish candle. The index faced rejection near the 25,200 zone and slipped below the 9-EMA, though it continues to hold around the 20-Day SMA. This marks a pause in the ongoing uptrend, hinting at possible consolidation or mild profit booking ahead.
The higher highs and higher lows remain intact on the broader time frame, but the bearish engulfing pattern raises near-term caution.
The RSI has dropped from 60 to 55, indicating a decline in momentum. The Average True Range (ATR) has risen slightly, indicating an increase in intraday volatility.
The immediate support remains at 24,800; a break beneath this zone could invite a sharper slide, whereas 25,100 remains a formidable ceiling on the upside.
The volatility may remain elevated in the upcoming session.
Nifty Bank ended the session at 56,088.55, down 0.67%, marking its third consecutive decline from the all-time high.
The index saw mild profit booking, pulling back towards the 20-Day SMA, which now acts as immediate support.
However, the primary trend remains intact as the price holds well above the medium-term moving averages.
The RSI has slipped to 58 from higher zones, suggesting some cooling in the momentum, while still staying above neutral territory. The ADX stands at 26, and a slight dip in the +DI line suggests short-term exhaustion.
The index is currently hovering near the previous breakout zone of 56,000–56,200. A sustained breach below this zone could open the gates for further downside towards the next support at 55,300.
On the upside, 56,700 continues to pose immediate resistance. Currently, caution is warranted, as a break below 55,300 may weaken the trend and shift the near-term outlook to negative.
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Nifty & Nifty Bank Technical Analysis from Samco Securities
