Trading Plan: Can Nifty 50, Bank Nifty extend upward journey for third consecutive session?

Nifty Trading Plan for June 26

The Nifty 50 and Bank Nifty extended their upward trend for another session on June 25, ahead of the monthly F&O contracts expiry scheduled for June 26. Both indices traded above their short-term moving averages, with positive crossovers in the RSI and Stochastic RSI. Given the declining VIX and favourable global cues, the bulls are now in a better position, likely pushing the Nifty 50 toward the 25,300–25,400 zone in the near term, followed by 25,500–25,600. The key support levels are at 25,100–25,000, according to experts. Similarly, the Bank Nifty is expected to move beyond the 56,900–57,000 zone as long as it holds the support at 56,300–56,000.

On June 25, the Nifty 50 rallied 200 points (0.8 percent) to 25,245, while the Bank Nifty jumped 159 points to close at 56,621. Market breadth remained bullish, with a total of 1,957 shares seeing buying interest compared to 654 shares under pressure on the NSE.

Nifty Outlook and Strategy

Sudeep Shah, the Deputy Vice President and Head of Technical and Derivative Research at SBI Securities

On Wednesday, the benchmark Nifty index opened with a notable gap-up as geopolitical tensions in the Middle East eased following signs that the Iran-Israel ceasefire is holding firm. Additionally, US Federal Reserve Chair Jerome Powell's remarks that "many paths are possible" for monetary policy—hinting at the possibility of an earlier-than-expected rate cut—further boosted global investor sentiment.

Driven by this positive global setup, the Nifty closed decisively above its 30-day consolidation range, settling near the 25,250 mark—a significant breakout that signals renewed bullish momentum.

Currently, the index is comfortably trading above both short- and long-term moving averages, indicating strong underlying bullish momentum. The daily RSI has surged above the 60 mark and continues to rise, further supporting the uptrend.

Key Resistance: 25,400, 25,550

Key Support: 25,130, 25,100

Strategy: Buy Nifty July Futures between 25,290–25,390, with a stop-loss at 25,230, targeting 25,550–25,600.

Jatin Gedia, Technical Research Analyst at Mirae Asset Sharekhan

On the daily charts, we can observe that the Nifty is on the verge of a breakout from a five-week consolidation to the upside. The daily momentum indicator has given a positive crossover, which is a buy signal. Therefore, dips towards the support zone of 25,130–25,080 should be considered as buying opportunities. On the upside, we expect the rally to continue toward 25,600–25,800. Sectoral rotation is likely to keep the momentum in Nifty persistent.

Key Resistance: 25,380, 25,500

Key Support: 25,120, 25,080

Strategy: Buy Nifty Futures with a stop-loss at 25,120, targeting 25,380–25,500.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty 50 remained mostly positive after a strong start. Sentiment continues to improve as buying interest in stocks rises. Bullish traders are now aiming to take the Nifty toward 25,750. Immediate resistance is placed at 25,350; a breakout above this level could extend the rally toward 25,750. On the downside, the 24,820–25,000 zone is likely to continue acting as crucial support. Unprecedented Put writing, in contrast to Call open interest unwinding, reflects the aggression of bullish traders.

Key Resistance: 25,350, 25,750

Key Support: 25,000, 24,850

Strategy: Buy Nifty June 25,300 Call above Rs 50, with a stop-loss at Rs 24, targeting Rs 100.

Bank Nifty - Outlook and Positioning

Sudeep Shah, the Deputy Vice President and Head of Technical and Derivative Research at SBI Securities

On Wednesday, the banking benchmark index, Bank Nifty, moved within a narrow intraday range of just 261 points, marking its lowest daily range since June 9, 2025. Despite the lack of directional momentum, the broader trend remains firmly bullish as the index continues to hover above its key short- and long-term moving averages, indicating sustained strength. Meanwhile, the daily RSI remains in bullish territory and continues to rise, suggesting that underlying momentum supports the uptrend.

Looking ahead, the 56,800–56,900 zone will act as an immediate hurdle for the index. Any sustainable move above 56,900 will likely lead to a sharp upside rally, pushing the index toward 57,500, followed by 58,200 in the short term. On the downside, the 56,300–56,200 zone will act as immediate support for the index.

Key Resistance: 57,500, 58,200

Key Support: 56,300, 56,200

Strategy: Buy Bank Nifty July Futures between 56,700–56,800, with a stop-loss at 56,400, targeting 57,350–57,500.

Jatin Gedia, Technical Research Analyst at Mirae Asset Sharekhan

Bank Nifty has been consolidating in a range around the upper Bollinger Band at 56,860. The index is forming higher tops and higher bottoms on the daily charts, indicating that the uptrend is intact. The daily momentum indicator has given a positive crossover, and therefore, dips towards the 56,400–56,250 support zone should be considered as buying opportunities. On the upside, the projected targets are 57,100–57,500.

Key Resistance: 57,100, 57,500

Key Support: 56,400, 56,250

Strategy: Buy Bank Nifty Futures with a stop-loss at 56,400, targeting 57,100–57,500.

Rupak De, Senior Technical Analyst at LKP Securities

Bank Nifty has spent another day in consolidation. This consolidation, following the recent rally, creates a setup conducive to a strong move ahead. Therefore, we expect a sharp rally in Bank Nifty toward 57,700 in the near term. A decisive move above 56,700 could trigger this rally. On the lower end, support is placed at 56,000, where the 21EMA is positioned. The momentum indicator RSI points to continued bullish momentum.

Key Resistance: 57,000, 57,700

Key Support: 56,350, 56,000

Strategy: Buy Bank Nifty June Futures above 56,700, with a stop-loss at 56,440, targeting 57,200.