Stock Market Technical Analysis | 23-29 June-25 Weekly Wrap
30 Jun 2025
Stock Market Technical Analysis
Catch the latest Nifty and equity market update. Explore bullish momentum trends, stock market insights, and technical stock analysis in our weekly wrap for 23rd-29th June, 2025.
Expert recommendation by:
- Mr. Arpan Shah - Head of Technical Research
- Mr. Ketan Kaushik - Derivative Analyst
Equity
- Benchmark Index traded positive in the previous week before closing with 2.09% gain at 25638 level. Banking Index performed in line with the
benchmark index as it closed with 2.12% gain at 57444 level. - Among the Nifty constituents, JIOFIN and ADANIENT outperformed the benchmark index as they closed with 9.92% and 8.08% gains while ONGC and DRREDDY underperformed as they closed with 3.60% and 1.83% cut respectively. Among the Bank Nifty constituents CANBK outperformed the benchmark index as it closed with 3.51% gain while AXISBANK underperformed as it closed with 0.36% gain.
- Among sectors, NIFTYMETAL index outperformed the benchmark index during the previous week as it closed with 4.81% gain while NIFTYREALTY index underperformed as it closed with 1.94% cut. Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 2.40% and 4.30% gain respectively.
- Volatility index (India VIX) closed with 9.36% cut at 12.39 level.
- Both FII and DII were net buyers as they bought stocks worth Rs 4,423Cr and Rs 12,390cr respectively during the previous week in the cash segment.
- Globally, equity markets traded with positive bias as both US market (DJIA) and European markets (STOXX 600) closed with 3.82% and 1.37% gains respectively.
Derivatives
- Derivatives data for Nifty suggest max OI addition at 27300 call and 25600 put with max OI at 26500 call and 25000 put side (03th Jul expiry). Nifty cumulative PCR closed at 1.25 for Jun 27.
- Derivatives data for Bank-nifty suggest max OI addition at 60000 call and 57000 put with max OI at 56000 for both call and put side (31st Jul expiry). Bank-nifty cumulative PCR closed at 1.13 for Jun 27.
Performance
| INDEX | Close | Weekly Change |
| NIFTY 50 | 25637.8 | 2.09 |
| BANK NIFTY | 57443.9 | 2.12 |
| FINNIFTY | 27344.05 | 2.61 |
| NIFTYNEXT50 | 68712.4 | 2.97 |
| MIDCAP SELECT | 13340.55 | 2.74 |
| SENSEX | 84058.9 | 2 |
| VIX | 12.39 | -9.34 |
Source: NSE
Sector Gainers/Losers
| INDEX | Close | Weekly % Change |
|---|---|---|
| NIFTY AUTO | 24007.95 | 1.39 |
| NIFTY FMCG | 55109 | 0.88 |
| NIFTY IT | 38822.95 | -0.43 |
| NFTY METAL | 9578.2 | 4.81 |
| NIFTYPHARM | 21928.6 | 1.46 |
| NIFTY PSE | 10078.1 | 1.96 |
| NIFTYPSUBA | 7015.5 | 2.49 |
| NIFTYPVTBA | 28506.1 | 1.88 |
| NIFTY REALTY | 993.95 | -1.94 |
| NIFTY MEDIA | 1747.85 | 4.36 |
| NIFTY IND DEFENCE | 8788.35 | -1.13 |
| NIFTYMIDCA | 59385.15 | 2.4 |
| NIFTYSMLC | 18976.8 | 4.3 |
Source: NSE
FII / DII ACTIVITY (WEEKLY)
| Index | Rs (in Cr.) |
| FII | 4,423 |
| DII | 12,390 |
Source: NSE
SUPPORT/RESISTANCE LEVEL FOR UPCOMING WEEK
| Index | BIAS | S2 | S1 | CLOSE | R1 | R2 |
|---|---|---|---|---|---|---|
| NIFTY | POSITIVE | 25,000 | 25,300 | 25637.8 | 26,000 | 26,300 |
| BANK NIFTY | POSITIVE | 56,200 | 56,700 | 57443.9 | 58,400 | 59,000 |
| FINNIFTY | POSITIVE | 26,800 | 27,000 | 27344.05 | 27,800 | 28,000 |
DAILY EXPONENTIAL MOVING AVERAGE
| Index | CLOSE | 9 DAYS | 21 DAYS | 50 DAYS | 100 DAYS | 200 DAYS |
|---|---|---|---|---|---|---|
| NIFTY | 25637.8 | 25219 | 25016 | 24630 | 24252 | 23910 |
| BANK NIFTY | 57443.9 | 56594 | 56161 | 55099 | 53702 | 52268 |
| FINNIFTY | 27344.05 | 26868 | 26665 | 26205 | 25487 | 24575 |
TECHNICAL OUTLOOK
NIFTY (WEEKLY)
- Benchmark index traded positive in the previous week and closed with bullish candlestick formation on the weekly chart
- Benchmark index is likely to trade with positive bias in the coming week.
- Benchmark Index has support at 25,300
- 25,000 level and resistance at 26,000
- 26,300 level
BANKNIFTY (WEEKLY)
- Banking index performed in line with the benchmark index and closed with bullish candlestick formation on the weekly chart
- Banking index is likely to perform in line with the benchmark index in the coming week
- Banking index has support at 56,700-56,200 and resistance at 58,400 -59,000 level
FINNIFTY (WEEKLY)
- FINNIFTY index outperformed the banking index and closed with bullish candlestick formation on the weekly chart
- FINNIFTY is likely to trade in line with the banking index in the coming week
- FINNIFTY has support at 27,000-26,800 level and resistance at 27,800-28,000 level
Disclaimer - Investments in securities market are subject to market risk, read all the related document carefully before investing.
https://www.mnclgroup.com/
