The Indian stock markets are likely to open lower amid mixed global trends. GIFT Nifty also indicates a gap-down start, trading around the 24,000 mark with a discount of nearly 178 points from its previous Nifty futures close.
On Thursday, the Sensex rose 254.36 points or 0.33% to close at 77,409.98, while the Nifty 50 gained 82.30 points or 0.34% to settle at 24,168. The Indian rupee opened flat at Rs. 94.34 per dollar on Friday versus the previous close of Rs. 94.33.
Foreign Institutional Investors (FIIs) remained net sellers in Indian equities on June 19, 2026, according to provisional exchange data. FIIs net sold shares worth Rs. 1,025 crore, DIIs net bought Rs. 3,517 crore.
Technically, the Sensex formed a bullish candle on the daily chart and an uptrend continuation formation on intraday charts, indicating a further uptrend from the current levels.
“For trend-following traders, 77,200 and 77,000 would act as key support zones. As long as the market is trading above these levels, the uptrend wave is likely to continue. On the higher side, it could bounce back to 77,800-78,000. On the flip side, if the market falls below 77,000, the uptrend would become vulnerable. Traders may then prefer to exit their long positions," said Shrikant Chouhan, Head of Equity Research at Kotak Securities.
Nifty 50 maintains a positive trend in the near-term after it broke above a falling channel that had contained its price action over the previous two months.
According to Bajaj Broking Research, as long as the Nifty holds above the crucial 24,000 zone, the immediate bias remains bullish. The index could move towards the 24,270 and 24,350 levels in the next trading session.
The breakout above the May 26 swing high points to renewed strength. Analysts see 24,600 as the next target. After a 1,000 point rally in five sessions, some consolidation or profit booking is likely
On Thursday, Bank Nifty advanced 378.75 points or 0.66% to close at 57,963.80, forming a sizeable bullish candle on the daily chart,indicating strong buying interest.
A key positive signal on the daily chart is the 20-day exponential moving average (EMA) moving above the 50-day EMA, which generally reflects strengthening momentum. Bajaj Broking sees Bank Nifty heading toward 58,300 and 59,250 over the coming weeks. Support is at 56,000.