Nifty 50 began today’s session at 24,074 versus Wednesday’s close of 24,086. The index moved up after opening and is now hovering around 24,125, up nearly 0.2 per cent.
The advance/decline ratio stands at 32/18, showing a positive bias. Max Healthcare and HDFC Bank, up 2.8 and 1.9 per cent respectively, are the top gainers.
On the other hand, Infosys is the top loser by declining 2.4 per cent. This is followed by Tech Mahindra, down 1.5 per cent, and TCS, down 1.3 per cent. So, the IT stocks seem to be facing selling pressure in today’s early trade.
Consequently, Nifty IT is the biggest and in fact, the only loser among sectors by shedding 1.5 per cent. At the other end, Nifty Midsmall Healthcare, Nifty Metal and Nifty Realty, up nearly 0.6 per cent each, are the top performing sectors so far today.
All the above translates for a bullish outlook for Nifty 50 and thus, we anticipate a rally in Nifty futures.
The June expiry Nifty futures began today’s session marginally higher at 24,106 versus yesterday’s close of 24,094. It is now trading at 24,150, up 0.25 per cent.
The price action indicates good buying interest. We expect Nifty futures to extend the rally to 24,300 before the end of this week. Notable resistance above 24,300 is at 24,500.
However, if the bears gain traction leading to a decline from the current level of 24,150, Nifty futures can find support at 24,100 and 24,000. A fall below the latter is unlikely given the current upward momentum.
Overall, as long as the support at 24,000 holds, the outlook for the rest of the week will be bullish and so, traders can buy the dips.
On Monday, we had recommended buying Nifty futures (Jun) at 23,900 for a target of 24,150, which was triggered in today’s early trade.
The outlook remains positive and so, traders can consider fresh longs. Buy at 24,120 with a stop-loss at 24,040. Book profits at 24,300.
If neither the target nor the stop-loss is hit today, consider carrying the trade for tomorrow.
Supports: 24,100 and 24,000
Resistance: 24,300 and 24,500
Published on June 18, 2026
此内容由惯性聚合(RSS阅读器)自动聚合整理，仅供阅读参考。 原文来自 — 版权归原作者所有。