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The week starting from June 23 is going to be important for the stock market. Israel-Iran will decide the move from war and purchase and sale of foreign investors to technical factors.
Apart from this, wealth Analytics has given certain time and levels in its Weekly Market Outlook report, which can prove beneficial for traders.
Let us understand what could happen in the market next week…
Important level of Nifty
Support Zone: 24,978 | 24,856 | 24,676 | 24,538
Support means the level where the share or index falls from falling down. The price does not go down easily due to increasing shopping here. You can get a chance to shop at these levels.
Resistance Zone: 25,145 | 25,322 | 25,434
Resistance, ie, the level where the stock or index is hindered. This happens due to increasing selling. If the Nifty Registration crosses the zone, a new fast may occur.
Reversal can be seen in the market around 25 June
According to the report, 25 June (± 1 Trading Day) is a large time-cycle, around which a large shift can be seen in the market in Reversal or Momentum. Between 24-26 June, the trend exagation or breakout signals can be found. Traders should remain alert during this time.
Analysis of last week report
Harshubh Shah, director of wealth analytics, said that the time and levels that were told in our last week report, the market performed exactly the same.
- Monday, June 16: The time was given at 9:45 am. At the same time, the lower level of the day was formed in the Nifty. Then in the second time slot of 1:30 pm, Dey High became.
- Tuesday, June 17: The time was told at 9:20 am and the day was made around it. This was followed by a sharp decline in the Nifty in the second time slot of 12:45 pm.
- Wednesday, 18 June: On this day, only 2:30 pm time was given. The day was made around the same day. After this, the market climbed fast from here.
- Thursday, June 19: The high of the day was made at 9:45 am, but the report was given at 10:25 am. That is, there was a difference of 30 minutes. This can sometimes happen.
- Friday, June 20: The nifty boom started at 9:45 am, which was very close to the given time slot. On this day, the Sensex closed 1046 points while the Nifty climbed 319 points.
Now 5 factors who can decide the direction of the market…
1. Israel-Iran War: The ongoing tension in the Middle East is a big risk for global markets. After Israel, recently the US also attacked Iran’s nuclear sites, causing crude oil prices to 18%.
If Iran tries to shut down the Straight of Hormuz or an attack on the US military base, oil prices may bounce. This is a danger of increasing inflation for oil importing countries like India, which can be negative for the stock market.
2. Foreign investors (FIIS) attitude: FIIS made a purchase of Rs 7,940.70 crore in the Indian market on 20 June. This is the third largest single-day inflow of this year. This was the fourth consecutive day when Fiis bought shares in the Indian market.
At the same time, domestic institutional investors (DIIs) are also shopping at every decline. DIIS made a purchase of Rs 19,800 crore in the last 4 trading sessions. If the purchase of Fiis and DIS continues, it is a positive signal for the market.
3. India-America Trade Deal: The trade deal between India and the US is expected to be final by the end of July. If this deal is on time, it will be a very positive trigger for the market. In February 2025, India and the United States started talks on a first -phase trade deal.
4. America’s macro data: The decision on the interest rates of US GDP growth data and Federal Reserve will be on investors radar this week. If there are signs of slowdown in the American economy, the dollar may weaken, which may increase the flow of foreign funds in the Indian market.
5. Technical View: According to Ajit Mishra of Railways Broking, the Nifty has once again approached the upper band of its consolidation range. He said, “If the Nifty remains above the level of 25,200, it will confirm the breakout.
This can lead to a rally in the range of 25,600–25,800. The bottom will serve as 24,700 and 24,400 immediate and important support levels. “
Mainboard segment will open six new IPOS
This week 6 new IPOs are coming in the mainboard segment. These include companies such as Kalpataru, Ellenbari Industrial Gasers, Globe Civil Projects, HDB Financial, Sambhav Steel Tubes and Indogalph Cropsinses. These can draw the attention of IPOS investors.
Rangebound trading was seen in the Indian stock market last week
The stock market started sluggish last week, but the market gained momentum due to the great performance of heavy sectors like banking and IT in later parts.
As a result, the benchmark index Nifty and the Sensex closed close to their week high. On June 20, the Sensex climbed 1046 points while the Nifty climbed 319 points to close at 25,112.
Now what can happen next
If there is a diplomatic agreement between Israel-Iran, the market may gain strong boom this week. On the other hand, if stress increases further, especially if Israel attacks Iran’s oil refinance, crude oil prices may increase, which will affect the Indian market.
Disclaimer: This article is only for information and learning. The above opinion and advice are of individual analysts or broking companies, not Dainik Bhaskar. We advise investors to consult certified experts before taking any investment decision.
