Home » Stock Market Prediction for Nifty & Bank Nifty 26th June 2024.

Stock Market Prediction for Nifty & Bank Nifty 26th June 2024.

In the Stock Market Today, Sensex surpasses 78,000, Nifty exceeds 23,700; top gainers are Axis Bank, ICICI Bank, and HDFC Bank.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on June 26, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on June 26, 2024.
Zoomed Nifty Chart in Intraday Time Frame.

On June 25, Sensex increased by 495.09 points, to reach 77,836.17, while the Nifty rose by 116.90 points, to settle at 23,654.70. There were approximately 1,737 advancing shares, -1,603 declining shares, and 87 that remained unchanged.

Top Nifty gainers:   M&M, Shriram Finance, Power Grid Corporation, Sun Pharma and Grasim Industries
Top Nifty Losers: Cipla, IndusInd Bank, Adani Ports, Coal India and Tata Steel.

Sector-wise, capital goods, auto, FMCG, telecom, and power indices rose by 0.5-1%, whereas metal, oil & gas, PSU Bank, and media indices declined by 0.5-1%.

 BSE midcap and Smallcap indices added 1%

Stock Prediction for 26th June 2024
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Prediction For Tuesday, NIFTY can go up if it goes above 24,000 or down after the level of 23,500 but it all depends upon the Global cues.

Nifty experienced a significant upward movement, closing 183 points higher for the day. The index opened positively, with its upward momentum intensifying in the afternoon and continuing into the later part of the day. Nifty reached new highs of 23,754 and closed near these levels. Resistance is now seen at 24,000-24,500, while support lies between 23,500-23,000.

Highest Call Writing at
24,000 (1.1 Crore)
Highest Put Writing at
23,500 (90.6 Lakhs)

Nifty Support and Resistance

Support 23,500 – 23,000
Resistance
24,000 – 24,500

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on June 26, 2024.

The image displays Intraday version of the Nifty Bank Stock Market chart, used for predicting on June 26, 2024.
Zoomed Bank Nifty Chart in Intraday Time Frame.

Prediction For Tuesday, Bank NIFTY can go up if it goes above 53,000 or down after the level of 52,000 but it all depends upon the Global cues.

Bank Nifty index surpassed the 52,000 mark, which had the highest open interest on the call side. The index is maintaining a strong uptrend, characterized by higher highs and higher lows on the daily chart. Current support levels are at 52,000-51,000, while resistance is observed at 53,000-54,000.

Highest Call Writing at53,000 (40.4 Lakhs)
Highest Put Writing at52,000 (47.5 Lakhs)

Bank Nifty Support and Resistance

Support52,000 – 51,000
Resistance
53,000 – 54,000

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