June 12, 2025
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Technical Analysis of the Market by Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities
For 13 June 2025
Nifty continued to face hurdle around 25200 levels on Wednesday and closed the day higher by 37 points amidst choppy movement. After opening with a positive note, Nifty moved up in the early-mid part of the session. But it was not able to sustain above the crucial 25200 levels for long and slipped into weakness from the highs in the mid to later part of the session.
A small green candle was formed on the daily chart with long upper shadow. Technically this market action indicates a range bound action in the market at the highs. After breaking above the broader high low range of 24500-25000 levels recently, the market has failed to regain upside momentum post breakout in the last few sessions.
The near-term uptrend of Nifty remains intact and the market is currently facing stiff resistance around 25200 levels. A sustainable move only above 25200 is likely to pull Nifty towards another hurdle of 25600 in a quick period of time. Immediate support is placed at 25000 levels.
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Technical Analysis of the Market by Nagaraj Shetti
