Nifty 50, Sensex today: What to expect from Indian stock market in trade on June 28
Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.Nifty 50 formed a long bull candle on the daily chart, which is four similar back-to-back candles in the last four sessions. Also Read: Indian stock market: 8 things that changed for market overnight - Gift Nifty, US jobless claims to SEBI board decisions“After the formation of a bullish pattern like ‘three advancing soldiers’ on Wednesday, Nifty continued to surge higher.
This is a positive indication. The underlying trend of Nifty continues to be positive," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here’s what to expect from Nifty 50 and Bank Nifty today:Analysing the Nifty Open Interest (OI) data, on the call side, the highest OI was observed at the 24,500 and 25,000 strike prices.
On the put side, the highest OI was at the 23,800 strike price, said Mandar Bhojane, Research Analyst at Choice Broking.Nifty 50 continued the decisive upside momentum for the fourth consecutive session on June 27 and closed the day higher by 175 points.“The Nifty continued moving up as the bulls took the index to a new all-time high. The Nifty made new all-time highs for the last three consecutive sessions, showing signs of resilience amid global sluggishness.
Read more on livemint.com
