Today's Market Strategy (June 23): How to trade Nifty 50, Nifty Bank today? Key levels to track & more

Anil Singhvi Market Strategy Today (June 23, 2025): Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,850-24,975 levels and a strong buy zone at 24,700-24,825 levels on Monday, June 23. For the Nifty Bank, the market wizard expects support at 55,725-55,950 levels and a stronger support zone at 55,475-55,675 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Negative

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Cautious

• Trend: Positive

• FII long positions at 24 per cent vs 22 per cent before Friday's session

• Nifty put-call ratio (PCR) at 1.16 vs 1.03

• Nifty Bank PCR at 0.92 vs 0.72

• Volatility index India VIX down 4 per cent at 13.67

The market wizard expects a higher zone at 24,850-24,950 levels and a strong sell zone at 24,975-25,100 levels for the headline index.

For the banking index, he expects a higher zone at 55,725-55,825 levels and a strong sell zone at 55,950-56,150 levels.

Iran-Israel War: Key developments during the weekend

• US joins war, strikes 3 Iranian nuclear sites: Fordow, Natanz and Isfahan
• “Iran must establish ‘peace’ or face more attacks," says US President Donald Trump after the strikes 
• Iran warns the US of “serious consequences” for the strike
• “First comes strength, then comes peace,” says Israeli PM Benjamin Netanyahu  
• Attacks intensify between Iran and Israel following the US strike
• Qatar (home to US military bases) warns of catastrophic consequences
• China and Russia oppose the US, propose unconditional ceasefire in the UNSC
• PM Narendra Modi advises Iran to opt for a diplomatic route
• Iranian Parliament approves closure of the Strait of Hormuz 

US Strike on Iran | Will the news hurt the markets?

• There is a very limited impact of the US strike on Iran
• Fear is greater before the attack than after it
• If the attack had occurred on a weekday, the markets would’ve fallen harder
• Once the event is behind, markets usually breathe a sigh of relief
• From Dow futures to GIFT Nifty futures, the fall has been very limited

Should investors buy or sell on a gap-down opening?

• The bigger the gap-down opening, the greater will be the buying opportunities
• The first hour’s low will be crucial 
• Day traders should treat it as a stop loss
• Once Friday’s high is breached, short covering and rally will pick up
• Traders should refrain from selling in panic or buying in haste

Are gold and crude topping out?

• No major rally in either despite the US strikes
• Even Bitcoin, now seen as a hedge, remains steady near $1,00,000
• Tops are usually formed on the best news
• Tepid reactions in gold and crude suggest signs of a temporary top
• Only two global risks remain:
  • If Iran blocks the Strait of Hormuz, crude oil will surge
  • If Iran uses nuclear weapons

What to do with IT stocks after Accenture Q3 (March-May) results?

• IT stocks now have limited correlation with Accenture
• A sharp fall offers buying opportunity in Infosys
• Focus on midcap IT stocks
• Stocks like Persistent, Coforge, KPIT and Mastek are better bets
• Investors should buy IT, oil company, NBFC, textile and chemical stocks on dips

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions: 

• Nifty intraday stop loss at 24,925 and closing stop loss at 24,775

• Nifty Bank intraday stop loss at 55,900 and closing stop loss at 55,550

For existing short positions:

• Nifty intraday and closing stop loss at 25,225

• Nifty Bank intraday and closing stop loss at 56,400

For new positions in Nifty50:

• A sell trigger in Nifty will come only below 24,700

• If at all aggressive traders want to sell Nifty, they may do so only if there is no big gap-down opening; they must use a strict stop loss at 25,225 for targets of 25,000, 24,950, 24,900, 24,865, 24,825 and 24,800

• Aggressive traders can buy Nifty in the 24,800-24,950 range with a strict stop loss at 24,700 for targets of 25,000, 25,050, 25,100, 25,125 and 25,200

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 55,700-55,950 range with a strict stop loss at 55,550 for targets of 56,075, 56,250, 56,325, 56,400, 56,450 and 56,600

• Aggressive traders can sell Nifty Bank with a strict stop loss at 56,400 for targets of 56,100, 56,000, 55,950, 55,825, 55,725, 55,675 and 55,575

Stocks in F&O ban

• New in ban: None

• Out of ban: CDSL, HUDCO, Manappuram

• Already in ban: AB Fashion, Biocon, RBL Bank, Titagarh