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Published on 19-06-2026 10:35 am

Our Research View: OPT MANI/OC - BUY  NIFTY 24000 PE 23 JUN 2026 @ 132  TGT1 180  TGT2 215  SL 92  (Exp Retn 63%   Reco Lot 1) 

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Published on 19-06-2026 10:34 am

Market Outlook

The Indian market continued its positive momentum, with the Nifty 50 index registering gains for the fifth straight session and settled at 24,168, backed by strength in key banking counters. From a derivatives perspective, major put writing accumulates at the 24,000 strike, indicating immediate downside support. As long as the index sustains above this level, the positive bias is likely to remain intact for the near term. On the upside, fresh call writing was seen at the 24,200 strike, making it an immediate resistance zone. A decisive breakout above this level could trigger call unwinding along with fresh put writing, which may provide further strength to the ongoing uptrend and help the index advance towards the 24,500 mark

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Published on 19-06-2026 10:33 am

BANK NIFTY

* The banking index extended its upward trajectory, confirming a fresh breakout and registering its sixth consecutive positive close.

* Opening with a bullish gap, the index sustained buying interest throughout the session.

* Market breadth remained mixed, with HDFCBank and SBIN outperforming, while Federal Bank and Kotak Bank underperformed.

* Immediate resistance is positioned near 59,000, whereas crucial support is around 56,900.

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Published on 19-06-2026 10:33 am

NIFTY

* Nifty traded with a positive bias on Thursday, extending their winning streak for the fifth consecutive session amid supportive global cues.

* Consequently, the Nifty settled at 24,168.00, up 0.34%, while comfortably sustaining above the psychological 24,000 mark.

* Technically, the Nifty has surpassed another important hurdle in the form of its medium-term moving average, the 100-day EMA, near the 24,150 mark, and now appears poised to inch towards the 24,500–24,600 zone.

* We therefore continue to advocate a stock-specific approach, favouring relative outperformers while maintaining disciplined risk management and selectively booking profits on rallies.

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Published on 19-06-2026 10:30 am

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.00%- 5.45% on Thursday ended at 4.99%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.8387% on Thursday Vs 6.8626% on Wednesday. Global Debt Market: Treasury yields were mixed on Thursday as investors digested the conclusion of Kevin Warsh’s first meeting as chair of the Federal Reserve. The yield on the 10- year U.S. Treasury note — the key benchmark for U.S. government borrowing — was largely flat at 4.457%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, rose over two basis points to 4.189%. The longer-dated 30-year Treasury bond yield fell over 4 basis points to 4.885%. Kevin Warsh’s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Fed kept the benchmark federal funds rate unchanged and anchored at 3.5%-3.75%. Complicating the picture was Warsh’s decision to abstain from submitting a rate forecast. 10 Year Benchmark Technical View : The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.8225% to 6.8425 level on Friday

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Please refer disclaimer at https://web.geplcapital.com/term-disclaimerSEBI Registration number is INH000000081