Bank Nifty Prediction for Tomorrow: Expiry Day Levels and F&O Outlook for 24 June 2026
- June 23, 2026
- Posted by: Kunal Singla
- Category: News
Bank Nifty closed 57,183.75 on 23 June 2026, -751.85 pts (-1.30%). High 57,970.90, Low 57,078.45. VIX 14.23. BN weekly expiry 24 June 2026. S1: 56,900. R1: 57,500.
The bank nifty prediction for tomorrow, 24 June 2026, is shaped by the critical fact that Wednesday is the Bank Nifty weekly options expiry day. Bank Nifty closed at 57,183.75 (-751.85 pts, -1.30%) on 23 June 2026, well below the 57,500 level that had been the pre-expiry floor. The Nifty 50 also fell -1.16% to 23,824.10 on expiry-day selling. India VIX surged to 14.23 (++10.83%), adding to the elevated uncertainty for tomorrow’s expiry session.
Associate Director Kunal Singla of Univest has reviewed today’s Bank Nifty price action, OI data reset, and global cues to present the bank nifty prediction for tomorrow. Senior Research Analyst Ankit Jaiswal provides the broader Nifty 50 context for the expiry day session on 24 June 2026.
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Bank Nifty Prediction for Tomorrow: Today’s Close
- Expiry-Eve Selloff: Bank Nifty fell -751.85 pts (-1.30%) to 57,183.75 on 23 June 2026, with a session range of 57,078.45 to 57,970.90. The bank nifty prediction for tomorrow is now based on this lower starting point, with 56,900 as the critical expiry-day support to watch.
- Private vs PSU Banks: Both private and PSU banks fell sharply. HDFC Bank dropped to Rs 774.65, ICICI Bank to Rs 1,338.30. PSU Bank index fell -1.97% to 57,078.45. The bank nifty prediction for tomorrow expects pre-expiry short-covering in the more liquid private bank names if the index holds 56,900.
- Futures Premium: Bank Nifty futures closed at a slight discount to spot today, signalling bearish carry heading into expiry. The bank nifty prediction for tomorrow must account for this negative sentiment reflected in futures positioning.
Bank Nifty Prediction for Tomorrow: Key Expiry Levels
Trend: Expiry Volatility | Range 56,700 to 57,500 | Max Pain TBD
| Level | Bank Nifty |
|---|---|
| Support 1 | 56,900 |
| Support 2 | 56,500 |
| Resistance 1 | 57,500 |
| Resistance 2 | 57,900 |
The bank nifty prediction for tomorrow from Kunal Singla places 56,900 as the expiry-day floor — a level aligned with today’s session low of 57,078.45. A hold above 56,900 on Wednesday would support a short-covering bounce toward 57,500. Singla notes that new OI will build at 57,000 Put and 57,500 Call for the weekly expiry, defining the expected Wednesday range for the bank nifty prediction for tomorrow. A decisive break below 56,900 on the expiry day would trigger stop-loss selling toward 56,500.
Bank Nifty F&O Expiry Analysis for 24 June 2026
- Wednesday Expiry Dynamics: The bank nifty prediction for tomorrow is heavily influenced by expiry-day mechanics. Max pain for the Bank Nifty weekly expiry will be estimated around 57,000 to 57,200 — the level at which option sellers benefit most at 3:30 PM. The bank nifty prediction for tomorrow expects a gravitational pull toward this zone.
- OI Reset: After Nifty 50 expiry yesterday and Bank Nifty closing at 57,183.75, fresh OI for Wednesday expiry will concentrate at 57,000 and 57,500 strikes. The bank nifty prediction for tomorrow expects the index to attempt a move between these strikes throughout the session.
- Short-Covering Risk: Expiry-day short-covering is common in Bank Nifty when the index is near oversold levels. The bank nifty prediction for tomorrow carries a short-covering risk toward 57,500 if the market opens with any positive cue from GIFT Nifty or Iran-US talks.
Global and Macro Cues for Bank Nifty Prediction for Tomorrow
- RBI Policy Context: RBI held rates at 5.25% in June. A stable rate path supports the bank nifty prediction for tomorrow on the medium term, even if near-term expiry volatility dominates Wednesday’s session.
- Iran-US Talks: A deal in Switzerland would boost risk appetite and banking sector sentiment, potentially triggering an expiry-day rally in the bank nifty prediction for tomorrow toward 57,500 and beyond.
- GIFT Nifty Direction: GIFT Nifty estimated near 23,810 after today’s selloff. If GIFT Nifty holds above 23,800 overnight, the bank nifty prediction for tomorrow could see a positive opening attempt, setting up a short-covering move toward 57,200 to 57,500.
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Bank Nifty Prediction for Tomorrow: Expiry Day Strategy
- Max Pain Gravitation: The bank nifty prediction for tomorrow favours a max pain trade targeting 57,000 to 57,200. If Bank Nifty opens below 57,000, look for a long setup near 56,900 with stop at 56,700 targeting 57,200.
- Short-Covering Play: If Bank Nifty opens with a positive gap above 57,200, the bank nifty prediction for tomorrow supports a breakout long targeting 57,500, with stop at 57,000. This plays the expiry short-covering theme.
- Avoid Shorts at Support: The bank nifty prediction for tomorrow advises against shorting Bank Nifty below 56,900 without clear volume confirmation on expiry day, as short-covering bounces from extreme oversold levels can be fast and sharp.
- Square Off Before 3:00 PM: All expiry-day positions should be squared off by 3:00 PM. The bank nifty prediction for tomorrow carries the highest risk in the final 30 minutes as option sellers rush to defend strikes.
What OI Data Says for Bank Nifty Prediction for Tomorrow
Kunal Singla notes that the bank nifty prediction for tomorrow is the most data-dependent of any session since Bank Nifty expiry OI concentration defines the intraday range with unusual precision. The 57,000 Put strike is expected to carry the heaviest OI for Wednesday, making it the primary floor for the bank nifty prediction for tomorrow.
India VIX at 14.23 rising sharply from pre-expiry levels signals that the market is pricing in a wide expiry-day range for Bank Nifty. Singla expects the bank nifty prediction for tomorrow to play out in a 56,700 to 57,500 band, with the max pain gravitating toward 57,000 to 57,200 by the 3:30 PM close.
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Risks to Bank Nifty Prediction for Tomorrow
- Gap-Down Below 56,700: If GIFT Nifty drops sharply overnight, Bank Nifty could open below 56,700, invalidating the bank nifty prediction for tomorrow’s 56,900 floor and triggering accelerated selling toward 56,500.
- Iran Talks Collapse: A Switzerland breakdown overnight would revive risk-off in banking stocks and force the bank nifty prediction for tomorrow below 56,500 support.
- FII Sustained Selling: If today’s FII provisional data shows outflows above Rs 3,000 crore, the bank nifty prediction for tomorrow turns more bearish as foreign selling in banking F&O would add pressure on the expiry day.
- Unexpected NPA News: Any negative credit quality update from a large private bank before Wednesday’s open would sharply worsen the bank nifty prediction for tomorrow below the 56,900 support zone.
Stocks to Watch Tomorrow, 24 June 2026
Ankit Jaiswal and Kunal Singla of Univest have identified three stocks for Thursday’s session based on today’s price action, sector trends, and technical setups. Tomorrow is Bank Nifty weekly expiry (Wednesday 24 June), adding volatility to banking names.
| Stock | CMP (23 Jun) | Entry Zone | Target | Stop Loss |
|---|---|---|---|---|
| Sun Pharma | Rs 1,868.00 | Rs 1,862 to Rs 1,872 | Rs 1,900 to Rs 1,910 | Rs 1,845 |
| HDFC Bank | Rs 774.65 | Rs 772 to Rs 778 | Rs 790 to Rs 795 | Rs 763 |
| Reliance Industries | Rs 1,309.50 | Rs 1,305 to Rs 1,312 | Rs 1,330 to Rs 1,338 | Rs 1,292 |
Sun Pharma closed at Rs 1,868.00 (+0.27%) today, the standout performer as Nifty Pharma (+0.92%) was the only positive sector on 23 June. Jaiswal flags the Rs 1,862 to Rs 1,872 entry zone with target Rs 1,900 given the sector outperformance in a down market. HDFC Bank fell to Rs 774.65 today ahead of Bank Nifty’s Wednesday expiry. Singla notes the Rs 772 to Rs 778 zone offers a short-covering bounce setup targeting Rs 790 to Rs 795 on pre-expiry positioning. Reliance Industries closed at Rs 1,309.50 (-1.28%), testing its low of Rs 1,304; Jaiswal sees the Rs 1,305 to Rs 1,312 zone as a potential bounce entry targeting Rs 1,330 on any market-level recovery.
Conclusion
The bank nifty prediction for tomorrow on 24 June 2026 centres on the weekly options expiry day dynamics. Kunal Singla places 56,900 as the critical expiry floor and 57,500 as the upside target. The bank nifty prediction for tomorrow expects a range-bound session between 56,700 and 57,500, with max pain likely gravitating toward 57,000 to 57,200 by 3:30 PM. All positions should be squared off by 3:00 PM.
This bank nifty prediction for tomorrow is based on data as of close of trade on 23 June 2026. Track GIFT Nifty before 9:15 AM and monitor real-time OI data at 57,000 Put and 57,500 Call strikes for confirmation of the bank nifty prediction for tomorrow direction.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with NSE (nseindia.com) and BSE (bseindia.com) before investing. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the bank nifty prediction for tomorrow, 24 June 2026?
Ans. The bank nifty prediction for tomorrow is for an expiry-day range of 56,700 to 57,500. Support is at 56,900 and resistance at 57,500. Max pain is estimated near 57,000 to 57,200. Bank Nifty closed at 57,183.75 (-1.30%) today ahead of Wednesday expiry.
What is the Bank Nifty max pain for 24 June 2026 expiry?
Ans. The bank nifty prediction for tomorrow estimates max pain at 57,000 to 57,200 for the Wednesday 24 June 2026 weekly expiry. Option sellers benefit when Bank Nifty settles near this zone by 3:30 PM. Monitor real-time OI data at 57,000 Put and 57,500 Call strikes for confirmation.
What is the Bank Nifty expiry day strategy for 24 June 2026?
Ans. The bank nifty prediction for tomorrow favours a max pain trade: long near 56,900 with stop 56,700 targeting 57,200 if the index opens near support. If it opens above 57,200, target 57,500. Square off all expiry positions by 3:00 PM to avoid final-minute volatility.
Why did Bank Nifty fall sharply on 23 June 2026?
Ans. 23 June 2026 was the Nifty 50 weekly expiry day which triggered broad market selling. HDFC Bank fell to Rs 774.65 and ICICI Bank to Rs 1,338. PSU Bank index fell -1.97%. The bank nifty prediction for tomorrow reflects this oversold post-selloff position heading into Wednesday’s own expiry.
What stocks should traders watch alongside bank nifty prediction for tomorrow?
Ans. For the bank nifty prediction for tomorrow expiry session, Sun Pharma (defensive, Rs 1,862 to Rs 1,872 entry), HDFC Bank (pre-expiry short-covering play, Rs 772 to Rs 778 entry, target Rs 790), and Reliance Industries (oversold bounce, Rs 1,305 to Rs 1,312 entry) are the key stocks to watch alongside the bank nifty prediction for tomorrow.
