Nifty50 managed to trade with positivity for the second consecutive trading week. The index started the week with a gap up opening at the level of 23,984.85, amid ongoing positives on the war front with US-Iran signing the MoU, along with a fall in crude oil prices below the mark of $80. Further adding positivity to the index was Rupee strengthening to the level of Rs94.31, marking a week on week strength of 0.83%. Further positive domestic economic numbers also provided support to the index a=which managed to close above the psychological level of 24,000 at 24,013.10 mark.

Domestic Economic Numbers
As per the latest data released, India’s wholesale price inflation (WPI) rose to 9.68% in May, compared with 8.30% recorded in the month of April. Silver lining to the economy was the export number rising. For the month of May, India’s merchandise exports climbed 18%, led by outbound shipments of engineering goods, petroleum products and electronics goods. The Current account deficit continued to raise to $10.51 billion in May, including services, from $6.79 billion a year ago.

FII’s performance in the Indian Market
Foreign institutional investors have been on an absolute selling spree.Global funds have been pulling massive amounts of cash out of the Indian market, climbing past a staggering ₹2.8 lakh crore by mid-June, which already more than everything they took out in 2025.Despite this massive wave of foreign selling, Dalal Street hasn’t crumbled. The market has held its ground thanks to a massive safety net woven by everyday Indian retail investors. Year-to-date in 2026, DIIs have been on an absolute buying spree, pumping a jaw-dropping ₹4.5 lakh crore into the equity cash segment by mid-June. Month after month, including a massive surge of over ₹1.4 lakh crore in March alone, thus proividing support to the index equity market.

For the week ahead
Domestically, the index would get a direction,takeing cues from the update on peace deal due to signed over the weekend, Along with the same, performance of Rupee, crude oil prices would further give direction to the market. With geo politicatal update key economic numbers like HSBC manufacturing PMI, foreign exchange reserve data would alos give insight on Indian economy.

NIFTY WEEKLY

 Nifty 50 extended its previous week’s rally and managed to settle above the psychological resistance of 24,000 mark. After touching the weekly high of 24,189.25, the index couldn’t sustain the level, but managed to settle above 24,000 level. Index is still trading below the 20 and 50 EMA at 24,194.60 and 24,404.72, respectively. For further upside in the index, it must trade above the mark of weekly high of 24,189 and sustain above the 24,200 mark for next upside destination of 24,000.But failing to do so could take the index again towards the mark of 24,000-23,800.

BANK NIFTY WEEKLY

Bank Nifty extended previous week’s again with a gap up opening at 57,679.65. With war coming to an end, and MoU being signed, between US-Iran and strength in rupee accelerated the index to touch the weekly high of 58,021.25. But by the end of the week, index plummeted to close near its opening level at 57,685.75, keeping the market indecisive. If the index falls below the mark of 57,076.65, the weekly low index would reach the downside destination of 56,600. But if the index manages to trade above the weekly high of 58,021, then only the index could move towards the level of 58.620.

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