Nifty and the Nifty Bank index opened with a wide gap-up last week. The US and Iran agreeing for a peace deal triggered this wide gap-up open.

Thereafter they sustained higher but were stable. On the charts, the picture is positive. Supports are there to limit the downside. We expect both the nifty and Bank Nifty index to go higher going forward.

Nifty can rise to 24,500 and 24,800 on a break above 24,250. Support is in the 23,800-23,600 region.

Nifty Bank index can remain in a range of 56,500-58,800. It is likely to make a bullish breakout above 58,800 and rise to 60,500-61,000.

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Published on June 20, 2026