June F&O Expiry: Nifty Ends June Series Flat Amid 24,000–23,800 Range Trade - Tradebulls Securities Pvt Ltd
Nifty
June F&O expiry remained subdued as Nifty 50 continued to oscillate within the 24000–23800 range, ending the June series with a marginal loss of 0.20% (expiry-over-expiry). Despite the muted price action, rollover remained healthy at 80%, well above the three-month average of 73%, indicating participants have largely carried forward positions into the July series. However, FII long exposure has declined to 10%, the lowest since January 2026, reflecting cautious institutional sentiment. On the monthly chart, Nifty formed a narrow-ranged candlestick completely within the previous month's range, signalling consolidation after the recent breakout. The index is expected to remain range-bound between 24200 and 23800 in the near term while holding above the crucial gap support at 23645. A decisive close above 24200 could trigger fresh buying and short covering, paving the way towards 24400–24500. On the downside, immediate support lies at 23800, followed by the stronger 23750–23645 zone. Overall, the broader technical structure remains constructive, and a buy-on-dips strategy is preferred as long as the index sustains above the 23800–23645 support zone.
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