Sensex Prediction for Thursday, June 25 by experts: Indian benchmark equity indices staged a strong comeback on Wednesday, June 24, with the BSE Sensex and NSE Nifty surging around 1 per cent each. The rebound was propelled by softening crude oil prices, robust domestic buying in banking and IT heavyweights, renewed foreign fund inflows and fresh optimism surrounding a potential India-US trade.
Heading into the fresh trading session on Thursday, June 25, market technical analysts maintain a “cautiously bullish” stance, pointing to strong structural support levels and improving momentum indicators.
Sensex at close on Thursday, June 24
A total of 2,215 stocks advanced, while 2,034 declined and 181 remained unchanged on the BSE.
The 50-share NSE Nifty climbed 197.55 points, or 0.83 per cent, to end at 24,021.65.
Sensex top gainers and losers on Wednesday, June 24
Sensex Prediction for Thursday, June 25 by experts
Technical indicators suggest that the near-term bias remains positive following Wednesday’s sharp rebound. Analysts expect the index to remain bullish as long as it holds above the 76,000-76,200 support band.
Sensex Prediction for Thursday, June 25 by Vipin Dixena
According to SEBI-registered analyst, Vipin Dixena, the Sensex continues to trade above its rising 50-day exponential moving average (EMA), indicating that the short-term trend remains to be positive despite recent volatility.
“The index has successfully defended the 76,800 support zone and is now consolidating just below the immediate resistance at 77,500. RSI is around the neutral-to-positive zone near 54, suggesting momentum is improving,” he said.
He further said a decisive breakout above 77,500 could open the door for a move toward 77,800–78,000, while failure to hold 76,800 may trigger profit-booking toward 76,400.
Overall, Dixena maintains a cautiously bullish outlook, supported by easing geopolitical concerns, low crude oil prices, and continued optimism around domestic growth.
Sensex Prediction for Thursday, June 25 by Hitesh Tailor
Hitesh Tailor, Technical Research Analyst at Choice Equity Broking, said Wednesday’s session witnessed a strong bullish recovery after the index found support near previous lows. “Technically, the index formed a strong bullish candle and witnessed a sharp rebound after taking support near the previous session’s lower levels,” he said.
Tailor further stated the recovery from the support zone and close near the day’s high indicates renewed buying interest and suggest that the recent corrective phase may be losing momentum.
“The index has reclaimed key short-term levels and is once again approaching its recent swing resistance zone, reflecting improving market strength and positive momentum,” the analyst added.
Tailor said, “Sensex closed at 76,991.22, gaining 790.55 points (+1.04%). The index opened marginally higher at 76,229.76, up by around 29 points, and witnessed buying interest right from the opening bell. After touching an intraday low of 76,121.59 during the initial session, the benchmark staged a strong recovery and continued to move higher throughout the day. Sustained buying across heavyweight sectors pushed the index to an intraday high of 77,191.37, before settling near the day’s high at 76,991.22, indicating strong market participation and positive sentiment.”
Sector-wise, buying interest was seen in Private Banks, Bankex, Top 10 Banks, Realty, Services, Information Technology, Financial Services, Oil & Gas, Healthcare, PSU Banks, Consumer Durables, Energy, and Consumer Discretionary stocks. Strength in the banking and financial space provided major support to the broader market. On the other hand, Capital Goods, Power, Industrials, Telecommunication, Metals, and Auto witnessed selective profit booking and underperformed the broader indices, he stated.
Laying out specific parameters for traders watching the opening bells on Thursday, Tailor said, “The overall market bias has improved significantly following today’s strong recovery. As long as Sensex sustains above the 76,000–76,200 support zone, the positive momentum is likely to continue. On the upside, immediate resistance is placed around 77,500–77,700. A decisive move above this zone could further strengthen the bullish outlook and open the door for an extension of the ongoing uptrend.”
Broader markets, sectoral indices on Wednesday
The BSE SmallCap Select index edged higher by 0.44 per cent, and the MidCap Select index went up by 0.32 per cent.
Sectorally, the BSE Private Banks index climbed 2.21 per cent, Realty (2.17 per cent), Services (2.14 per cent), IT (1.81 per cent), Bankex (1.78 per cent), Focused IT (1.68 per cent) and MidSmall Private Banks Quality Tilt (1.64 per cent).
Industrials, Telecommunication, Utilities (0.79 per cent), and Power were among the laggards.
A senior US official has said that the United States and India are “very, very close” to concluding a historic bilateral trade deal that will open the 1.4 billion-strong Indian market to American goods on reciprocal and mutually beneficial terms.
On Tuesday, the Sensex tanked 893.39 points, or 1.16 per cent, to settle at 76,200.68. The Nifty dropped 278.80 points, or 1.16 per cent, to end at 23,824.10.
