Nifty 50 Index
Short
Updated

Nifty Intraday Analysis for 16th June 2025

177
NIFTY

Bearish Trend expected due to Israel Iran conflict in Middle east.

Nifty has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24250 – 24200 range.

Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25100 – 25150 range.
Trade closed: target reached
Open flat then made low near 24705 then bounced and made high near 24965 and closed near 24945.

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