Trade Setup For June 18: Nifty Likely To Face Stiff Resistance At 25,000

The NSE Nifty 50 is expected to face stiff resistance at the 25,000 mark on Wednesday, with multiple analysts flagging profit booking, weak intraday structure and fading sectoral support as key headwinds.

The broader consolidation zone of 24,400–25,200 remains intact, with any directional move dependent on a clean breakout beyond this band.

The index closed 93 points lower at 24,853 on Tuesday after failing to sustain above the 25,000-resistance level. Despite the negative close, the Nifty is still consolidating from a positional standpoint, with 24,700 acting as an important near-term support, according to Nandish Shah of HDFC Securities.

Aditya Gaggar of Progressive Shares echoed the same rangebound view, pegging the immediate support and resistance at 24,715 and 25,040, respectively. He said the earlier positive momentum fizzled out quickly, with sectoral weakness in pharma and metals dragging the index lower.

Shrikant Chouhan of Kotak Securities pointed to a bearish candle on daily charts and a reversal formation intraday as signals of temporary weakness. He said sentiment is likely to stay weak while the Nifty remains below 24,900. A breakdown below 24,775 could extend the fall towards 24,675–24,625, while any move above 24,900 could trigger a short-term rally towards 25,100.

Bajaj Broking warned that geopolitical tensions are weighing on sentiment, with the index continuing its five-week consolidation within the 24,400–25,200 band. Immediate supply pressure remains near 25,000, and only a decisive breakout above this zone could revive momentum. On the downside, 24,400–24,500 remains a key support cluster, aligned with the 50-day exponential moving average.

With no firm breakout yet, traders are advised to watch for dips towards the lower end of the range and avoid aggressive positions until the index decisively crosses either 25,200 or breaks below 24,400.