Indian Market Morning Overview – 12 June 2026
Market View: Positive to mildly bullish
Expected Open
- Gap-up opening likely.
- GIFT Nifty indicated strong positive sentiment before the open.
- Expect volatility during the first hour.
Market Strength
- Banking and financial stocks remain among the strongest sectors.
- Defence and infrastructure stocks continue to attract interest.
- Domestic institutional buying remains supportive.
Risks
- FII selling pressure continues.
- Crude oil movements and geopolitical developments can quickly affect sentiment.
- Chasing extended stocks remains risky.
Nifty Levels
- Support: 23,000
- Strong Support: 22,900
- Resistance: 23,300–23,550
- Sustained move above 23,550 would strengthen the bullish case.
Bank Nifty
- Support: 54,000–54,300
- Resistance: 55,500–56,000
Trading Focus
- Stocks making fresh highs with above-average volume.
- Leaders within strong sectors.
- Stocks holding above VWAP and previous day’s high after the first hour.
Avoid
- Stocks already extremely stretched from key moving averages.
- Weak stocks simply because they appear “cheap.”
- Gap-up stocks that immediately lose opening momentum.
Today’s Bias
🟢 Opening: Positive
🟡 Intraday: Volatile
🟢 End of Day: Slight bullish advantage unless negative news emerges