2 days Ago
Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday led by supportive global market cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,180 level, a premium of nearly 85 points from the Nifty futures’ previous close.
On Thursday, the domestic equity indices registered fresh closing highs, with the Nifty 50 seeing June F&O series record expiry above the 24,000-mark. The jumped 568.93 points, or 0.
72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.
74%, higher at 24,044.50. Nifty 50 formed a long bull candle on the daily chart, which is four similar back-to-back candles in the last four sessions.
“After the formation of a bullish pattern like ‘three advancing soldiers’ on Wednesday, Nifty continued to surge higher. This is a positive indication. The underlying trend of Nifty continues to be positive," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty OI Data Analysing the Nifty Open Interest (OI) data, on the call side, the highest OI was observed at the 24,500 and 25,000 strike prices. On the put side, the highest OI was at the 23,800 strike price, said Mandar Bhojane, Research Analyst at Choice Broking. Nifty 50 Prediction Nifty 50 continued the decisive upside momentum for the fourth consecutive session on June 27 and closed the day h.
