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Indian Stock Market Expectations on June 30
Nifty 50, Sensex, and Gift Nifty Trends @CHOICEOPTION_TRADING
• The Indian benchmark indices, Sensex and Nifty 50, are expected to open higher on Monday due to global market cues.
• The Gift Nifty was trading around 25,770 level, a premium of nearly 20 points from the Nifty futures’ previous close.
• The Sensex surged 303.03 points, or 0.36%, to close at 84,058.90, while the Nifty 50 settled 88.80 points, or 0.35%, higher at 25,637.80.
Nifty 50 Prediction @CHOICEOPTION_TRADING
• Nifty 50 gave a decisive breakout last week, rising 2.09%, and formed a bullish Marubozu candlestick pattern on the weekly timeframe.
• The index is trading above both the 21-day and 55-day EMAs, signalling sustained bullish momentum.
• A breakdown below the 24,300 - 24,250 support zone may lead to a decline toward 25,000, the recent weekly low.
• On the upside, immediate resistance is seen at 25,750, and a decisive breakout above this level could trigger a rally toward 26,000.
Bank Nifty Prediction @CHOICEOPTION_TRADING
• The Bank Nifty index gained 237.20 points, or 0.41%, to close at 57,443.90 on Friday.
• The index is trading comfortably above all its key moving averages.
• A decisive close above 57,500 could potentially open the gate toward 58,000 in the near term, while 55,800 remains a key short-term support on any pullback.
• The structure remains bullish, and traders should watch for dip-buying opportunities near key support zones to ride the trend.
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