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Nifty bulls eye 24,100 breakout after US-Iran deal
NDTV Profit··16 Jun
NDTV Profit reported that benchmark indices ended higher on optimism over the US-Iran deal. Nifty 50 rose 0.98% to 23,853.90 and analysts said a sustained move above 24,100 could open a near-term target of 24,500.
Prism
What It Means For You
- Lower geopolitical risk can support equities, but technical resistance still matters.
- Nifty's next leg depends on crude, global cues and foreign flows.
- Bank Nifty strength suggests financials remain important to the market trend.
What's Happening
- Nifty closed at 23,853.90, up 231 points.
- Sensex rose 736.38 points to 76,264.33.
- Analysts highlighted 24,100 as immediate resistance.
Market Setup
- US-Iran deal optimism improved global sentiment.
- Bank Nifty is trading above key moving averages.
- June 19 deal signing is a key event for markets.
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