Nifty 50 continues to oscillate in a sideways range. The break above 25,200 witnessed on Wednesday did not sustain. The trading range has been 25,050-25,225. Within this range the index is currently trading at 25,100, down 0.16 per cent. The advances/declines ratio is at 18:32. This leaves the bias negative.

The level of 25,050 will continue to act as a good support for the Nifty. If the index manages to sustain above it, a rise to 25,200 is possible during the day. It will also keep our broader bullish bias intact to break 25,225 eventually. Such a break will clear the way for a rise to 25,400-25,500 going forward.

The near-term picture will turn negative only if the Nifty breaks below 25,050. If that happens, we can see a fall to 24,900.

The Nifty 50 June Futures (25,161) is down 0.2 per cent. The contract rose to a high of 25,307 on Wednesday but then has come down from there.  Important support is at 25,130. A bounce from this support can take the Nifty 50 June Futures contract up to 25,250-25,300 again.

On the other hand, if the contract breaks below 25,130, a fall to 25,080 can be seen.

We will have to wait and watch.

The trailing stop-loss at 25,220 would have been triggered on Wednesday. We suggest traders to stay out of the market now. See what happens to the support at 25,130 on the Nifty 50 June Futures contract.

Supports: 25,130, 25,080

Resistances: 25,250, 25,300

Published on June 12, 2025