The Indian equity benchmarks are expected to open on a flat note Monday, tracking weakness in global markets amid renewed Middle East tensions. GIFT Nifty traded at 24,093, a discount of 9 points from the previous Nifty futures close, signaling a cautious start.
Friday’s Market Wrap
On Friday, the Sensex gained 109.25 points (0.14%) to end at 77,100.47, while the Nifty 50 rose 34.35 points (0.14%) to settle at 24,056. The rupee opened marginally stronger at ₹94.35 per dollar versus Thursday’s close of ₹94.40.
Foreign Institutional Investors (FIIs) turned net buyers in Indian equities after five consecutive sessions of selling. On June 25, 2026, FIIs net sold shares worth ₹384 crore, while Domestic Institutional Investors (DIIs) net bought ₹5,748 crore.
Sensex Outlook
The Sensex formed a High Wave candle on the weekly chart for the second straight week, signaling indecision among traders. However, the index held above the 77,000 mark, keeping the near-term tone positive.
Resistance: 77,800–78,000 — a clean break above this zone would strengthen the bullish case, according to Aakash Shah, Research Analyst at Choice Equity Broking.
Support: 76,200–76,400 — expected to attract buying interest from positional investors. A sustained move below this band could trigger consolidation and short-term profit-booking.
Nifty 50 Outlook
The Nifty 50 formed a small bearish candle with a long upper shadow on the daily chart, indicating profit booking after a strong intraday rally.
- Immediate resistance: 25,250–25,300 (confluence of last week’s high and the gap-down area of May 8, 2026).
- Immediate support: 23,900–23,800 — Bajaj Broking advises using dips as buying opportunities.
- Key short-term support zone: 23,500–23,600.
- Major resistance: 24,600.
The brokerage expects the Nifty to gradually move toward the 24,500–24,600 range over the coming weeks, supported by a positive overall market structure.
Bank Nifty Outlook
Bank Nifty rose 26.70 points (0.05%) to close at 58,177.05 on Friday, forming a small-bodied candle with an upper wick, suggesting profit booking at higher levels.
Target: 59,200 — the 138.2% external retracement of the previous decline from 57,456 to 52,783.
Support: 57,000 — the cluster of last two weeks’ lows. As long as the index holds above this level, the short-term trend remains favorable.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making any investment decisions.
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