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Nifty Outlook :- 09.06.2025 - CFA Hitesh Somani

Investment Point 09 Jun 2025 1 min read 1 view

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Investment Point

Investment Point research desk

09 Jun 2025 1 view

CFA Hitesh Somani

MD - Aapka Investments

Website - https://www.aapkainvestments.in

Nifty closed with strong bullish move amid RBI Rate Cut. Banking and Finance Sectors on Fire.

Last week nifty faced major resistance at 25000 levels and it fell sharply from those levels to 24600 as we said in the last article but finally on Friday amid RBI rate cut decision as RBI once again slashed 50 basis points in the interest rates, markets reacted strongly and nifty finally closed above 25000 levels on Friday. Banknifty and Finance Companies like Bajaj Finance, Shriram Finance also showed a big bullish move amid this news.

We can see this strong rally in the next week also if nifty manages to close above 25200 levels in the next week then we can see nifty towards 25500 and 25800 levels soon. Banknifty closed above 56500 levels which is its fresh lifetime high. Banknifty may show 57000 and 57500.

One should have a strong bullish view for markets in the next week. Nifty and banknifty both are in strong bullish moves. Major support levels for nifty is 24600, till it sustains above these levels it would be strong but of it closes below that we may see a sharp fall in the markets.

Important Levels for Nifty Next Week

Major Support Levels for Nifty

Support 1 – 24800
Support 2 – 24600
Support 3 – 24250

Major Resistance Levels for Nifty

Resistance 1 – 25200
Resistance 2 – 25450
Resistance 3 – 25700

Important Levels for Banknifty Next Week

Major Support Levels for Banknifty

Support 1 – 55800
Support 2 – 55200
Support 3 – 54800

Major Resistance Levels for Banknifty

Resistance 1 – 56900
Resistance 2 – 57400
Resistance 3 – 57900

Important Stocks to Watch Next Week

1) AMBUJACEM

CMP @ 556
Buy Above @ 565
Stop Loss Below @ 540
Targets @ 580, 600 and 625

2) AXISBANK

CMP @ 1195
Buy Above @ 1210
Stop Loss @ 1120
Targets @ 1280, 1340 and 1380

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Investments in the securities market are subject to market risks. All content and Index / securities mentioned are strictly for educational and journalistic purposes and do not constitute personalized buy, sell, or hold investment recommendations, Please read all related documents and full disclosures at nikhilbhatt.in before investing.

Newer articleResearch Report : Indian Financial Markets Outlook - 16th JUNE 2025 Older article Nifty Outlook :- 02.06.2025 - CFA Hitesh Somani

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