13 JUNE 2025 FACT RECORDER
Business Desk: Stock Market Outlook for June 13: Sensex, Nifty 50 Likely to Open Lower Amid Rising Israel-Iran Tensions Indian benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, June 13, tracking weak global cues after Israel launched targeted airstrikes on Iran, intensifying geopolitical tensions.
Market Overview
The GIFT Nifty indicated a gap-down start, trading around 24,732—nearly 205 points below the Nifty futures’ previous close. The sell-off comes after Israel reportedly struck Iran’s nuclear enrichment site in Natanz, missile infrastructure, and top nuclear scientists, sparking global concern.
On Thursday, the Nifty 50 slipped below the 24,900 mark, ending at 24,888.20 (down 1.01%), while the Sensex dropped 823 points to close at 81,691.98 (down 1.00%).
Sensex Technical Outlook
The Sensex broke below the key 82,000 level, forming a long bearish candle on daily charts, indicating further weakness.
“Short-term market sentiment is weak. A fresh selloff may occur if the Sensex breaks below 81,500. In such a case, it could drop to 81,100–81,000. However, a bounce above 81,800 might lead to an intraday rally towards 82,150,” said Shrikant Chouhan of Kotak Securities.
Nifty 50 Predictions
The Nifty 50 saw rejection near the 25,200 zone and closed below its 9-day EMA, forming a strong bearish engulfing pattern. Indicators show waning momentum: RSI dropped from 60 to 55
ATR rose, indicating higher volatility Support is seen at 24,800–24,700; breaking below this range could trigger a sharper fall to 24,500. Resistance is placed at 25,020–25,100.
“Momentum indicators and bearish divergence near 25,200 suggest the index may retest 24,500 soon,” said Dr. Praveen Dwarakanath of Hedged.in.
Nifty Open Interest (OI) Data
Call OI: Heavy at 25,000 and 25,200 (strong resistance)
Put OI: Concentrated at 24,800 and 24,700 (key supports)
Bank Nifty Outlook
Bank Nifty fell 377 points to close at 56,082.55, its third consecutive loss. A bearish candle was formed, reflecting profit-booking after recent gains.
“The index remains above key moving averages, suggesting a positive long-term trend, but short-term caution is warranted,” said Bajaj Broking.
Immediate support lies at 55,200–55,500, with potential upside towards 57,000–57,700.
Resistance is at 56,700, and a break below 55,300 may shift the short-term trend to negative.
Conclusion
With the Middle East conflict intensifying and global sentiment turning risk-averse, markets may remain under pressure. Traders are advised to stay cautious, use strict stop losses, and watch key support/resistance zones closely.
