Nifty 50, Sensex Today: What to expect from Indian Stock Market in Trade on June 23 after Us Bombs Iran’s Nuclear Sites

The Indian Stock Market Benchmark Indices, Sensex and Nifty 50, Are Likely to Open on a Negative Note on Manday, Following Mixed Sentimening in Global Markets.

The trends on gift nifty also indicate a negative start for the Indian Benchmark Index. The gift nifty was trading Around 24,986 level, a discount of 125.7 points from the nifty futures’ Previous Close.

Global Market Cues Remain Weak on Escalation of Israel-Raran after us dropped a ‘payload of bombs’ on three nuclear sites in ran, thereby joeing the midle East crisis. In Response to Us Military Strikss, Iran’s Supreme National Security Council is reportedly Weighting a decision to close the strait of hormuz, a vital global energy chokepoint.

On Friday, the domestic equity market ended with sharp gains, with the benchmark nifty 50 closing Above the 25,100 Level.

The sensex jumped 1,046.30 points, or 1.29%, to close at 82,408.17, while the nifty 50 settled 319.15 points, or 1.29%, higher at 25,112.40.

Here’s what to expect from nifty 50 and bank nifty today:

Nifty oi data

In the derivatives segment, the highest call open interest (OI) is concentrated at the 25,200 and 25,300 strike levels, suggesting strong resistance Around these zones. On the downside, the highest put open interest is observed at the 25,000 and 24,800 striks, indicating strong support and traders’ Confidence in Defending these levels, said Choice Brooking.

This setup sugges a likely range-bound movement in the near term, with a positive bias as long as the index holds about the key support levels.

Nifty 50 prediction

Nifty 50 finally witnessed an excellent breakout on June 20 and closed the day higher by 319 points.

“A long bull candle was formed on the daily chart after the formation of narrow range movement on the downside in the last three sessions. on the weekly chart, formed a long bull candle after a sharp weekness of last week and is placed at the upper end of broader high low range. Research Analyst at HDFC Securities.

According to Him, The Underling Trend of Nify 50 is positive, and the next UPSIDE Level to Be Watched is Around 25,250.

“A decisive breakout of the range could Pull Nifty 50 Towards the next upside target of 25,650 in the near term. Any consolidation or minor dips down to the immediative support of 24,900 couple Opportunity, “Shetti said.

Om Mehra, Technical Research Analyst, Samco Securities, Highlighted that Nifty 50 FORMED A ROBUST BULLISH CANDLE on the Daily Chart.

“Nifty 50 has broken Above a declining trendline, which adds further strength to the ongoing bulish bulish bulish momentum. Daily RSI, which hasn consolidating Around the neutral 50 zone, has now turned upward and is planed at 58, indicating improving Momentum, “said om mehra.

On the hourly chart, the formation of higher highs confirms short-term strength and a potential controluation of the upward training. The support levels are placed at 25,000, followed by 24,950, while the resistance are seen at 25,225 and 25,280, he added.

According to Vla Ambala, Co-Founder of Stock Market Today, NIFTY 50 FORMED A BULLISH Marubozu on the Daily Time Frame and A Bulish Sandwich and A Bully and a Bully

“We can expect nifty 50 to gather support between 25,000 and 24,950 and meet resistance between 25,260 and 25,300 in the upcoming intraday trading sessions,” Ambala said.

Bank nifty prediction

Bank nifty index rallied 675.40 points, or 1.22%, to close at 56,252.85, Forming a Strong Bulish Candle in the Daily Chart.

“Bank Nifty Gained 1.31% Last Week, Rebounding from the Prior Week’s Decline and Closing Firmly Above BOTH BOTH BOTH BOTH BOTH BOTH BOTH BOTH BOTH AND SHOTS Bully Below this, 55,400 is the next level to watch, “said puneet singhania, Director at Master Trust Group.

On the UPSIDE, He Believes 56,500 Remains the Key Resistance – Breakout Above It Cold Lead to a Rally Toward 57,100. Traders Should Watch for Price Action Near Support Zones for Potential Entry Opportunities.

Bajaj Broking Research Said That The Bank Nifty Formed A Bull Candle with a Higher High and Higher low and a firm closing Above The 56,000 Levels.

“We expect the index to maintain positive bias and head towards 56,700 and 57,400 levels in the coming weeks. The immediative bias remains positive about 55,500 levels. Generated a buy signal thus validates positive bias in the index, “said bajaj broking research.

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