Sensex, Nifty Poised for Fourth Straight Day of Gains on June 27 Amid Bullish Sentiment

Friday, June 27: Indian benchmark equity indices, the Sensex and Nifty, are set for their fourth consecutive day of gains, reflecting sustained buying interest, a notable easing of global geopolitical concerns, and underlying optimism surrounding potential advancements in India-US trade relations.

GIFT Nifty Signals Positive Opening

As of 8:45 AM on Friday, the GIFT Nifty was trading at 25,730.50, up 33 points or 0.13%, signalling a strong start to the session. This indicates a strong positive start for the Indian markets, building on the momentum from three consecutive days of rally driven by favourable global cues and robust investor confidence.

Nifty Breaks 25,500; Bullish Momentum Intact

On Thursday, June 26, the Nifty 50 achieved a significant milestone by closing above the crucial resistance level of 25,500 for the first time in 2025, settling at 25,549.00. This breakout underscores the strength of the current uptrend. Technical analysts suggest that further upside is likely as long as the index maintains its position above this breakout zone. A move beyond Friday’s high could propel the Nifty towards its next resistance at 25,750. Conversely, a fall below 25,000 might trigger a minor pullback, though the prevailing market sentiment strongly supports a “buy-on-dips” strategy.

Bank Nifty Hits Record High

The Nifty Bank index continued its impressive run, scaling a new all-time high on Thursday, closing at 57,206.70. The index maintains a bullish pattern of forming higher highs and higher lows. Should it breach above Friday’s high, the index could aim for 57,950. However, a slip below 56,500 might lead to a corrective move. Despite this, strong underlying support levels and a positive chart structure suggest that accumulating on declines remains a favourable strategy for investors in banking stocks.

Volatility Cools, Sentiment Turns Bullish

The India VIX, a key measure of market volatility, declined by 2.87% on Thursday, closing at 12.59. This value remains comfortably below the psychological 15-mark, indicating a calm market environment and burgeoning investor confidence. Such conditions are generally conducive to sustained upward market movement.

Put-Call Ratio Indicates Strength

The Put-Call Ratio (PCR), a gauge of market sentiment derived from options trading, rose to 1.20 from 1.05 in the previous session. This increase, driven by enhanced put writing activity, signals a solidifying bullish sentiment among options traders, further supporting the likelihood of a continued market rally.

Global Cues Reinforce Optimism

Global markets also contributed to the upbeat mood. On Thursday, Wall Street saw major indices closing higher: the S&P 500 gained 0.8% to 6141.02, the Nasdaq Composite rose nearly 1% to 20167.91, and the Dow Jones Industrial Average climbed 0.9% to 43,386.84. All three major US indices are nearing fresh all-time highs. These strong international market performances are expected to provide additional impetus to domestic equities.

Key Technical Levels to Watch on June 27

• Nifty Resistance: 25,750

• Nifty Support: 25,000
• Bank Nifty Target: 57,950
• Bank Nifty Support: 56,500

What’s Ahead for Today?

Indian markets are set for a fourth day of gains, supported by strong global cues and cooling volatility. GIFT Nifty hints at a firm opening above 25,700. Nifty’s breakout above 25,500 keeps the uptrend intact, with eyes on 25,750. The Bank Nifty may reach 57,950 if momentum is sustained. Lower India VIX and rising Put-Call Ratio reflect bullish sentiment.

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