Quote on Pre Market Comment 19th June 2026 by Hitesh Tailor Technical Research Analyst at Choice Broking
Below the Quote on Pre Market Comment 19th June 2026 by Hitesh Tailor Technical Research Analyst at Choice Broking
Indian equity markets are expected to open on a negative note, with Gift Nifty trading around 24,009, down by 191 points, indicating weak opening cues for domestic indices. Asian markets traded with a positive bias, with most major indices advancing and outperforming broader global peers, supported by strong momentum in technology stocks following an upbeat session on Wall Street.
Nifty ended on a positive note on 18th June 2026, closing at 24,168.00, up 82.30 points or 0.34%, supported by sustained buying interest and strength in select sectors. The index traded in a narrow range during most of the session, touching an intraday low of 24,036.95 before advancing to an intraday high of 24,189.25 in the latter half. Technically, Nifty formed a bullish continuation candle on the daily chart, while the higher-high, higher-low structure on the hourly timeframe indicates that the short-term trend remains positive. The RSI improved to 62.4, reflecting strengthening momentum. Immediate support is placed around the 23,800–23,850 zone, while resistance is seen near the 24,200–24,250 range.
Bank Nifty ended on a strong positive note on 18th June 2026, closing at 57,963.80, up 378.75 points or 0.66%, extending its winning streak for the sixth consecutive session. The index opened at 57,596.45 and witnessed sustained buying interest throughout the day, touching an intraday low of 57,583.20 before rallying to an intraday high of 58,021.25. Technically, Bank Nifty formed a bullish continuation candle on the daily chart, while the higher-high, higher-low structure on the hourly timeframe reflects a strong short-term uptrend. The index continues to trade above its key short-term moving averages, reinforcing the positive bias. Immediate support is placed around the 56,800–57,000 zone, while resistance is seen near the 58,000–58,400 range.
Foreign Institutional Investors (FIIs) remained net sellers on 18th June 2026, offloading equities worth over ?1,025 crore, reflecting continued caution amid prevailing global uncertainties. However, Domestic Institutional Investors (DIIs) continued to provide strong support to the market and remained net buyers, purchasing equities worth ?3,516 crore during the session. The sustained domestic inflows helped absorb foreign selling pressure and contributed to the market's overall resilience.
The market continues to exhibit a favorable undertone, with both benchmark indices maintaining their positive trend. Strong momentum in the banking space, improving market breadth, and consistent domestic institutional support may help cushion any near-term volatility. While some consolidation cannot be ruled out near higher levels, the overall setup remains constructive as long as key support zones continue to hold.
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