From Mint: 2024-06-28 21:47:11

The Indian stock market saw a third consecutive day of gains, with Nifty 50 closing 147 points higher at 23,868 and the BSE Sensex rising 620 points to close at 78,674. The Bank Nifty index also ended 264 points higher at 52,870. In the broader market, the small-cap index increased by 0.15% while the mid-cap index fell by 0.29%.

Nifty is expected to face resistance around 24,000-24,100 levels, with immediate support at 23,650. The Bank Nifty closed at 52,870 and is indicating continued bullish momentum, potentially consolidating in the 52,200-53,000 zone.

Optimism surrounding the Union Budget, FII inflows, and positive economic data are driving the current market uptrend in India. The India VIX Index is expected to remain between 13 and 14.50 ahead of the Union Budget 2024. After the budget, it may return to around 12.

Experts recommend buying stocks like VA Tech Wabag, V-Mart Retail, IGL, HCL Technologies, and M&M. Technical analysis and target levels are provided for each recommended stock. Traders are advised to do their due diligence and consult with experts before making any investment decisions.



Read more at Mint: Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Thursday — June 27