
By: Moumita Samanta | Date : Jun 30, 26
| Category | Net Value |
|---|---|
| DII | +2,801.45Cr |
| FII/FPI | -1,350.10Cr |
| INDIA VIX | 13.76(+1.10%) |
As of 10:18 (IST)
| ADVANCE | 1602 |
| DECLINE | 1330 |
As of 10:19 (IST)
Nifty 50 experienced a volatile but resilient trading session, ultimately managing to reach an intra day high of 24,035.55 but failed to retain the momentum and slipped to settle at the level of 23,865.75 . The market opened under pressure, slipping below the 23,900 mark due to cautious global cues, including geopolitical tensions in the Middle East and ongoing foreign fund outflows. However, strong domestic institutional buying and a steady cooling of the India VIX , dropping at 13.600 helped stabilize sentiment, while broader markets outperformed as mid-cap and small-cap indices notched stronger gains. A minor 0.51% dip in Brent crude prices to $73.53 per barrel provided a favorable macroeconomic buffer that aided the headline index’s afternoon bounce and managed to sustain above the 23,900 mark.
Bank Nifty index underwent a highly erratic and cautious trading session, driven by intense squaring-off and positioning from the monthly derivatives expiry. Banking index commenced Tuesday’s trade on a strong footing at the level of 58,011.95, which also remained the day’s high and later index fell to the intra day low of 57,463.55 amid a steady exodus of foreign institutional investor (FII) capital weighed heavily on private banking stocks, repeatedly challenging the crucial support level near 57,470. Even though a broader market rebound amid 2% drop in the India VIX provided a safety net for the index, Bank Nifty ultimately kept market participants on edge as aggressive call writing clamped down on any meaningful upside.
The real estate sector emerged as a major bright spot, outpacing the broader market as it staged a powerful recovery from the previous session’s downturn. Starting the trading day at 823.25, higher from its previous day’s close of 818.85, the index maintained a steady upside bias to touch a session high of 835.15, before concluding the day near that peak at 829.55 for a robust gain of roughly 1.31%. This decisive rally was largely propelled by fresh local institutional inflows and strategic portfolio adjustments by fund managers ahead of the first-quarter corporate financial disclosures. Due to increased trading volumes in anchor stocks like Godrej Properties and DLF, the realty sector successfully gained during the trading session decoupling the boarder’s index choppiness, expiry-led fluctuations visible across other indices, wrapping up the month with significant structural strength.
Nifty failed to sustain above the mark of 24,000. Thus the index fell to the intra day low of 23,851.95. The index is also nearing its 20EMA and 50EMA on daily charts at 23,827 and 23, 848, respectively. Thus, if the index falls below the level of 23,850, the int may further weaken towards the level of 23,600.

| NIFTY | 23,865.75 | -0.34% | 23,800 | 24,100 |
| BANK NIFTY | 57,542.90 | -0.32% | 57,100 | 58,250 |
| SECTORIAL INDICES | ||||
| NIFTY IT | 26,299.05 | -2.73% | 26,200 | 27,000 |
| NIFTY PHARMA | 25,326.40 | 0.39% | 24,780 | 25,400 |
| NIFTY AUTO | 26,479.80 | 0.24% | 26,230 | 27,100 |
| NIFTY REALTY | 829.55 | 1.31% | 780 | 830 |
| NIFTY ENERGY | 39,740.50 | 0.06% | 39,510 | 40,670 |
| NIFTY FMCG | 48,794.20 | -0.68% | 47,650 | 49,890 |
| Nifty 50 | 23865.75(-0.34%) | Nifty Bank | 57542.9(-0.32%) |
| Sensex | 76478.67(-0.33%) | India Vix | 13.6(-0.07%) |
| Nifty50 Gainers | Nifty50 Losers | ||
| ETERNAL | 2.05% | INFY | -4.38% |
| BHARTIARTL | 1.71% | TCS | -3.58% |
| POWERGRID | 1.35% | TECHM | -3.09% |
| NESTLEIND | 1.22% | HCLTECH | -2.96% |
| NTPC | 1.05% | M&M | -2.92% |

Nifty declined -0.34%, opening gap-up at 24,032.05, but selling pressure emerged immediately after the opening bell. The index slipped below its 11DMA and tested the 23,850 support zone, which held as anticipated, before closing at 23,865.75. The trend remains sideways, but the index is showing signs of a potential bullish reversal as long as key support levels continue to hold. Technically, Nifty is trading below the 200DMA and 11DMA but above the 30DMA, indicating that the medium-term structure remains constructive despite short-term weakness. The RSI at 51.69 suggests neutral momentum with scope for recovery. Immediate resistance is placed at 24,000-24,110, while support is seen at 23,750-23,600. A sustained move above 24,000 could revive bullish momentum, whereas a break below 23,750 may invite fresh selling.

Bank Nifty slipped -0.32%, opening gap-up at 58,011.95 before witnessing broad-based selling through the session. The index fell below its 11DMA and repeatedly found support near the 57,600 level, exactly as anticipated, before closing at 57,542.90. The trend remains sideways, with expectations of a bullish reversal provided the index continues to hold above key support levels. Bank Nifty still trades above its 200DMA and 30DMA but below the 11DMA, indicating that the broader trend remains positive while short-term momentum has weakened. The RSI at 60.06 continues to reflect a healthy underlying structure. Immediate resistance is placed at 58,100-58,450, while support is seen at 57,200-56,950. A decisive move above 58,100 could restore bullish momentum, while a break below 57,200 may trigger additional profit booking.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY50 | 23750 | 24000 | Sideways to Bullish |
| BANK NIFTY | 57200 | 58100 | Sideways to Bullish |

Nifty Mid Select (Midcap Nifty) gained +0.41%, opening gap-up at 14,409.45 before witnessing early selling pressure that pushed the index close to its 30DMA. Buyers emerged near the 14,300 support zone, as anticipated, helping the index reclaim the 30DMA and rally to an intraday high of 14,500.20, precisely near the projected resistance level. The index eventually settled at 14,426.35. The trend remains sideways to bullish as the index continues to trade above its 200DMA and 30DMA, although it remains below the 11DMA, indicating some short-term caution. The RSI at 53.46 suggests stable momentum with room for further upside. Immediate resistance is placed at 14,500-14,600, while support is seen at 14,300-14,210. A decisive breakout above 14,500 could strengthen the ongoing bullish trend.

Nifty IT edged lower by -2.73%, opening at 26,989.95 before witnessing sharp selling pressure during the session. The index fell to an intraday low of 26,208.50 before recovering modestly to close at 26,299.05. The trend remains bearish as the index continues to trade below its 200DMA, 30DMA, and 11DMA, reflecting weakness across all major timeframes. The RSI at 33.52 has entered the oversold region, indicating that although the primary trend remains negative, the probability of a short-covering bounce is increasing if support holds. Immediate support is placed at 26,180-25,500, while resistance is seen at 26,650-27,100. Holding above 26,180 could trigger a technical recovery, while a decisive break below this level may lead to further downside.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY MID CAP SELECT | 14300 | 14500 | Sideways to Bullish |
| NIFTY IT | 26180 | 26650 | Bearish |
| PRODUCT | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
| NIFTY50 | 23578 | 23704 | 23785 | 23910 | 23991 | 24117 | 24197 |
| BANKNIFTY | 56774 | 57115 | 57329 | 57671 | 57884 | 58226 | 58440 |
| FINNIFTY | 26240 | 26373 | 26464 | 26597 | 26688 | 26821 | 26912 |
| MIDCPNIFTY | 14511 | 14506 | 14421 | 14415 | 14330 | 14324 | 14239 |
| NIFTYNXT50 | 71900 | 71935 | 71647 | 71682 | 71394 | 71429 | 71140 |
Market Correction Continues! In today’s post-market analysis show, we break down why the Indian stock market closed in the red on June 30, 2026. With Nifty slipping below the 23,900 mark and severe profit-booking witnessed in IT, where is the market heading next? We analyze the crucial support and resistance zones for Nifty 50 and Bank Nifty to prepare you for tomorrow’s trading session.
| Category | Net Value |
|---|---|
| DII | +6,842.345Cr |
| FII/FPI | -2,556.75Cr |
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