Morning Action @ 7 AM – Thursday, June 26th 2025

# Gift Nifty is above the dotted lines indicating, its likely to be up again for benchmark Nifty as helping sentiments are the S&P 500 and the Nasdaq Composite  hovering near record highs.

# The positive catalyst: Israel-Iran ceasefire continues to send oil prices lower.

# The Negative Catalyst: Federal Reserve Chair Jerome Powell maintaining a cautious stance, and indicating, the Fed is not yet ready to begin cutting interest rates amidst potential inflationary pressures from tariffs.

# Bottom-line: A sunny day on cards for the Nifty bulls. Nifty bulls will face major hurdles at the 25319 mark.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty (+38, 25299)
Dow Futures: (+24, 43007)
Nasdaq 100 Futures (+22, 22260)

Nikkei (+397, 39339)
Hang Seng (-129, 24345)

Dow Jones (-107, 42982)
Nasdaq Composite (+61, 19974)
Bovespa (-1398, 135767).

LotusFunds Super Trader: Nifty’s rally shall head into 3rd day; June F&O expiry eyed.

# MARKET TRENDS:
Global cues: Positive
FII: (-2427.74 crores)
DII: (+2372.96 crores)
Sentiment: Positive
Market Breadth: Positive
Technicals: Breakout play.
F&O: 24500 - 26000 zone.

India VIX 12.97 (-4.93%)
USD/INR Futures (26th June) 86.07
Nifty PCR (26th June) 1.14
Bank Nifty PCR (26 June) 0.94

# Nifty Outlook: Nifty’s immediate goalpost seen at psychological 25500 mark.

The gyan mantra is to make hay while the sun shines.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25245):
SUPPORT: 25157/25000
RESISTANCE: 25318/25500
RANGE: 25150-25400
BIAS: Positive
21 DMA: 24891
50 DMA: 24622
200 DMA: 24075

SENSEX (CMP 82756):
SUPPORT: 81900/81300
RESISTANCE: 83050/85978
RANGE: 82300-83300
BIAS: Positive
21 DMA: 81743
50 DMA: 81026
200 DMA: 79265

BANK NIFTY (CMP 56621)
SUPPORT: 55900/55200
RESISTANCE: 57050/57700
RANGE: 56300-57300
BIAS: Positive
21 DMA: 56011
50 DMA: 55349
200 DMA: 51968

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Wall Street struggles to sustain gains in Wednesday’s trade as the Dow Jones fell and the S&P 500 pauses within striking distance of its record, but good news was that the Nasdaq closed higher and an outperformer.

# Overnight, the trading theme revolved around continuing hope for a relatively sustainable peace in the Middle East.

# As on Wednesday’s close, the Dow Jones slipped 0.3% at 42982, the S&P 500 was a tad fraction of a point lower at 6,092, and the Nasdaq Composite had gained 0.3% to 19,973.

# Gold prices ($3333 per ounce) are wavering and trading below the psychological 3350 mark.

# WTI crude oil futures are trading steady near the $65 per barrel, after plunging nearly 13% over the previous two sessions.

STOCK MARKET NEWS:

# This Thursday morning, all bullish themes are on the front pages

# Well, Nifty is within striking distance of its all-time high at 26277.35. And a little bit of more good news could get the benchmark to that threshold, which could ultimately signal to begin its next leg up.

# The Biggest Positive Catalyst: RBI Bulletin says, ‘India's economy resilient amidst global uncertainties’

# The other 3-positive catalysts:

1) Iran-Israel conflicts are off the front pages.

2) Oil stays depressed at $65.50 a barrel. (Interestingly, WTI Oil prices are now lower than it was before the Iran-Israel conflict).

3) The S&P 500 flirts with its all-time-high.

# Technically speaking, Nifty is signaling a massive breakout on the upside on weekly charts with immediate targets at 25319/25500 mark and then all bullish eyes on Nifty’s all-time-high at 26277.35 mark.

Meanwhile, the biggest interweek/intermonth support for Nifty will be at 24473 (low as on June 13th).

The biggest make-or-break support for Thursday’s trade is placed at the psychological 25000 mark.

# Long Story Short: Nifty’s rally shall head into the third day; and most importantly, despite June F&O expiry.

# In yesterday’s trade, Nifty bulls traded with lots of confidence and did not even hesitate despite Federal Reserve Chair Jerome Powell striking a cautious tone in congressional testimony, signaling no urgency to change interest rates.

# Meanwhile, the good news is that the Fed continues to project two rate cuts in 2025, though it anticipates only one quarter-percentage-point in 2026 and 2027.

# Bulls showed resilience as market breadth too favored them.

# Amongst stock specific action:

1) Vodafone Idea shares surge 4.09% amid report of Centre considering relief on Rs 84,000-cr dues

2) Lupin (+0.15%) receives USFDA approval for generic Prucalopride tablets.

Lupin announced that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its abbreviated new drug application (ANDA) for Prucalopride tablets.

# Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25245): Buy at CMP. Stop at 24847. Targets 25319/25500. Aggressive targets at 25600-26277.35 zone.

Bank Nifty (56621): Buy at CMP. Stop at 55601. Targets 56900/57100. Aggressive targets at 57700-58000 zone.

# Our chart of the day is bullish on PRESTIGE ESTATES, INDUS TOWER and M&M on any early intraday weakness with an interweek perspective.

# The 1 Stock to Buy Now: Buy PRESTIGE ESTATE (CMP 1749): Buy at CMP. Stop at 1681. Targets 1781/1803. Aggressive targets at 1869. (Interweek Strategy). Rationale: The stock is signalling a massive probable Flag Pattern breakout on the upside on the daily charts. Key interweek support 1691. Major hurdles at 1869. 200-DMA placed at 1518.

Nifty’s rally shall head into 3rd day; June F&O expiry eyed.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

RISK DISCLOSURES ON DERIVATIVES:

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.