Nifty 50 has been stable and range bound since the beginning of this week. The index has been stuck between 25,050 and 25,200. Within this range, it is currently trading at 25,140.75, up 0.15 per cent. The advances/declines ratio is at 25:25. This indicates that the outlook is mixed, and the index can go either way.

Nifty 50 outlook

The immediate picture is unclear. However, the bias is positive. As such we can expect the Nifty to breach 25,200 in the coming sessions. Such a break can take the index up to 25,400 and higher in the coming sessions.

The region between 25,050 and 25,000 will continue to act as a good support zone. Nifty has to break below 25,000 to turn the near-term picture negative. Only then a fall 24,900 and lower levels will come into the picture. But such a fall looks unlikely at the moment.

Nifty 50 futures

The Nifty 50 June futures (25,205) is up about 0.18 per cent. The contract has been oscillating between 25,130 and 25,250 since the beginning of this week. Below this range, 25,080 is the next lower support. The contract has to decline below this support to turn the near-term outlook negative. Only then a fall to 24,900 and lower levels will come into play.

For now we expect the Nifty 50 June futures contract to sustain above 25,080 if not 25,130 itself. The chances are high for it breach 25,250 eventually in the coming sessions. Such a break can the Nifty 50 June futures contract up to 25,400 next.

Trade strategy

Hold the trades taken at 25,178 and 25,130. The average entry level will now be at 25,155. In case a dip to 25,080 happens buy more. Retain the same strategy.

Trail the stop-loss up to 25,220 as soon as the contract goes up to 25,270. Move the stop-loss further up to 25,320 and 25,400 when the contract touches 25,370 and 25,440 respectively. Exit the longs at 25,500.

Supports: 25,130, 25,080

Resistances: 25,250, 25,400

Published on June 11, 2025