Nifty ended on a strong positive note on 15th June 2026, closing at 23,853.90, up 231 points or 0.98%, supported by positive global cues and sustained buying interest. The index opened with a sharp gap-up at 23,984.85 and touched an intraday high of 24,011.40 before witnessing profit booking in the latter half, eventually settling above key support levels. Technically, despite forming a bearish candle due to intraday weakness, Nifty continues to trade above its 20-Day EMA and remains within a broader recovery structure. The RSI improved to 56.33, while India VIX declined to 14.35, reflecting strengthening momentum and easing volatility. Immediate support is placed around the 23,750–23,800 zone, while resistance is seen near the 24,000–24,050 range.
Bank Nifty ended on a positive note on 15th June 2026, closing at 57,198.80, up 384 points or 0.68%, supported by strong buying momentum in the banking space. The index opened with a sharp gap-up at 57,679.65 and touched an intraday high of 57,804.50 before witnessing profit booking during the latter half of the session. Technically, Bank Nifty continues to trade above its key short-term moving averages, indicating that the broader trend remains positive. The RSI stood at 67.24, reflecting strong momentum and healthy price strength. Immediate support is placed around the 56,700–56,800 zone, while resistance is seen near the 57,800–58,000 range.
Foreign Institutional Investors (FIIs) turned net buyers on 15th June 2026 after remaining net sellers for 13 consecutive trading sessions, purchasing equities worth ₹200 crore. The shift in FII activity indicates a modest improvement in overseas investor sentiment. Meanwhile, Domestic Institutional Investors (DIIs) continued to provide strong support to the market, extending their buying streak with net equity purchases worth ₹3,189 crore, helping sustain positive market momentum.
The near-term market structure remains constructive, supported by positive global cues, improving institutional participation, and sustained strength in banking and large-cap stocks. While intermittent profit booking near higher levels may continue, the broader undertone remains favorable as long as key support zones are defended. A decisive move above immediate resistance levels could reinforce bullish sentiment and provide momentum for a further extension of the ongoing recovery trend,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.
