Nifty 50, Sensex today: What to expect from Indian stock market in trade on June 25

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Sensex gained 131.18 points to close at 77,341.08, while the Nifty 50 settled 36.75 points, or 0.16%, higher at 23,537.85.Nifty 50 formed a reasonable bullish candle on the daily chart from near the support of 23,300 levels on Monday, that closed beside the long bear candle of Friday.Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, Nvidia share price to India CAD“Technically, this pattern indicates a formation of bullish Piercing line type candle pattern. But having formed this pattern within a broader range bound movement the predictive value could be less," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.He believes the short-term trend of Nifty remains positive amidst range movement.

Having bounced back from near the lower range of 23,300 levels, he believes there is a possibility of Nifty testing the upper range of 23,650 - 23,700 in the short term.Here’s what to expect from Nifty 50 and Bank Nifty today:Analysing the Nifty Open Interest (OI) data, on the call side, the highest OI was observed at the 23,700 and 24,000 strike prices. On the put side, the highest OI was at the 23,000 strike price.“The increased writing of the put OI at 23,400 levels, further indicates the strong support for the June monthly expiry around these levels.