Nifty 50 continued its upward momentum, closing at a nearly nine-month high, just ahead of the June F&O expiry. The market sentiment was lifted by a drop in India VIX to a near three-month low and easing oil prices following a ceasefire between Israel and Iran. After a strong breakout from the 24,500–25,200 range, the Nifty is now expected to move toward the 25,300–25,350 zone, with further potential up to 25,500–25,600, as long as it holds above the support range of 25,000–25,100.
The index opened 100 points higher at 25,150 and remained positive throughout the day, hitting a high of 25,267 before ending at 25,245—its highest close since October 3, 2024. It formed a bullish candle, stayed above all key short-term moving averages, and showed positive signals on RSI, Stochastic RSI, and MACD indicators, supporting a continued upward trend.
In the options market, the highest Call OI was at the 26,000 strike, followed by 25,500 and 25,300, with strong writing seen at 25,250 and 25,600. On the Put side, the 25,200 strike had the most OI, followed by 25,000 and 25,100, with maximum writing at 25,200.
The Bank Nifty also saw gains, closing 159 points higher at 56,621. It stayed within the previous day’s range but formed a bullish candle, reflecting consolidation. The index held above key moving averages and showed strength in RSI and MACD, suggesting it could soon retest its all-time high near 57,050, and possibly extend toward 57,600. Strong support lies around 54,000–54,500, supported by the 50-day EMA and Fibonacci levels.
Meanwhile, India VIX fell nearly 5% to 12.96, its lowest level since March 28, signaling reduced market volatility and supporting bullish sentiment. All major sectors ended higher, with auto, IT, telecom, healthcare, media, and consumer durables gaining 1–2%.
NIVABUPA - TECHNICAL CALL OF THE DAY
The Stock has been trading sideways for the past few sessions and looks like it is now ready for the move on the upside as the risk-reward looks favourable supported by positive RSI divergence visible on daily charts and positive super trend indicator. The stock has also managed to close above its key 100-EMA levels reflecting strength in price.
BUY NIVABUPA CMP 82.02 SL 74.95 TGT 91.44
Top stocks to watch out for 26th Jun
JSW Energy:
JSW Energy through its stepdown subsidiary Energizent Power Pvt Ltd, has signed Power Purchase Agreement (or “PPA”) with NHPC Limited for ISTS-connected 300 MW Solar-Wind Hybrid Capacity. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.49/KWh. The aforesaid project is expected to be commissioned in the next 24 months and is located in Rajasthan and Andhra Pradesh.
Ask Automotive:
The Board has granted approval for entering into a joint venture with T.D. Holding GMBH (‘TDH’) for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles through a Joint Venture Company (“JV Co.”), which would be incorporated after execution of the Joint Venture Agreement (“JVA”).
The Company shall own 49% of the shareholding in the JV Co. and shall be infusing funds up to an amount of Rs 2.45 crore in one or more tranche in the JV Co. out of which an amount of Rs 49 lakhs shall be infused at the time of incorporation of the JV Co. Further, the remaining 51% of the shareholding shall be owned by TDH.
Tejas Networks:
Rakuten Symphony and Tejas Networks, a Tata Group company, announced a multi-faceted strategic partnership to develop integrated Open RAN solu;ons and engage in joint go-to-market efforts, both in India and internationally.
The companies will collaborate to integrate Rakuten Symphony’s CU and DU software, OSS, and cloud portfolio with Tejas’s extensive, proven 4G/5G radio portfolio and explore opportuni;es for the deployment and expansion of 4G and 5G networks worldwide, including in India, leveraging commercial and technical synergies, as well as collabora;ve engagement strategies.
Bondada Engineering:
The company has incorporated a subsidiary under the name GreenBond RE Park Private Limited. The incorporation of this subsidiary aligns with the company’s long-term strategic vision and is aimed at further strengthening its presence in the renewable energy sector.
The objective of this acquisition to generate, accumulate, store, transmit, distribute, purchase, sell, trade, and supply electric power or any other form of energy through conventional and/or non-conventional sources energy including but not limited to Solar Power, Wind Power, Bio-Mass, Hydro, Thermal, Gas, Air, Diesel oil, or other through renewable energy sources.
Solarium Green Energy:
Solarium Green Energy has executed a Memorandum of Understanding (MoU) with the National Institute of Solar Energy (NISE), an autonomous R&D institution under the Ministry of New and Renewable Energy, Government of India, on 24th June 2025.
This collaboration is a major milestone in our mission to lead the clean energy revolution in India. By combining our on-ground expertise with NISE’s technical excellence, we aim to develop advanced solar-based heating technologies. Through collaborative R&D efforts, this partnership is geared towards driving innovation, fast-tracking clean energy adoption, and empowering India’s shift toward a sustainable, energy-secure future.
