Stock Market Predictions for Tomorrow: Nifty Outlook After Expiry Selloff for 24 June 2026
- June 23, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Nifty 50 closed 23,824.10 on 23 June 2026, -278.80 pts (-1.16%). Sensex 76,200.68. Bank Nifty 57,183.75. VIX 14.23. BN expiry 24 June 2026. Pharma only gainer +0.92%.
Stock market predictions for tomorrow, 24 June 2026, are cautiously bearish to range-bound after the Sensex fell 893 points to 76,200.68 and the Nifty 50 closed at 23,824.10 (-278.80 pts, -1.16%) on 23 June 2026, a sharp expiry-day selloff that dragged the index decisively below the 24,000 mark. India VIX rose to 14.23 (++10.83%), reflecting rising near-term uncertainty. Only Nifty Pharma (+0.92%) held ground; Nifty IT (-2.23%) and Nifty Metal (-3.23%) led the decline.
Senior Research Analyst Ankit Jaiswal and Associate Director Kunal Singla of Univest have reviewed today’s price action, tomorrow’s Bank Nifty expiry context, and global cues to present their stock market predictions for tomorrow. The tomorrow share price prediction environment is shaped by an oversold Nifty 50, a Wednesday Bank Nifty expiry, and Iran-US talks in Switzerland entering their final stretch.
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Stock Market Predictions for Tomorrow: Today’s Recap
- Nifty 50 and Sensex: Nifty 50 closed at 23,824.10 (-278.80 pts, -1.16%) and Sensex at 76,200.68 (-893.39 pts, -1.16%) on 23 June 2026. The Nifty 50 broke below 24,000 decisively on expiry day, with the session range of 23,784.95 to 24,135.50.
- Sectoral Performance: Nifty IT fell -2.23% to 27,012.05 in the steepest single-day drop in this recovery cycle. Nifty Metal collapsed -3.23%. Nifty Pharma (++0.92% to 24,989.95) was the sole positive sector, acting as a defensive hedge in today’s broad selloff.
- VIX and FII/DII: India VIX surged to 14.23 (+1.39, ++10.83%) on expiry day. FII/DII provisional data will be released post-6 PM today and will be the first read on institutional activity for 24 June 2026’s market direction.
Nifty 50 Stock Market Prediction for Tomorrow
Trend: Cautiously Bearish to Range-Bound | Watch 23,750 Support
| Level | Nifty 50 |
|---|---|
| Support 1 | 23,750 |
| Support 2 | 23,600 |
| Resistance 1 | 23,950 |
| Resistance 2 | 24,100 |
Ankit Jaiswal notes that the stock market predictions for tomorrow hinge on Nifty 50 holding 23,750 as the immediate support. Today’s session low of 23,784.95 is the critical floor; a breach on volume tomorrow would open the path to 23,600. On the upside, Jaiswal places 23,950 as the first resistance — a level the index needs to reclaim to shift tomorrow share price prediction sentiment from bearish to neutral. The 24,100 zone (previous close) now acts as stronger resistance.
Bank Nifty Stock Market Prediction for Tomorrow
Trend: Volatile Expiry Day | Range 56,900 to 57,500
| Level | Bank Nifty |
|---|---|
| Support 1 | 56,900 |
| Support 2 | 56,500 |
| Resistance 1 | 57,500 |
| Resistance 2 | 57,900 |
Kunal Singla flags that Wednesday 24 June 2026 is the Bank Nifty weekly options expiry. Bank Nifty closed at 57,183.75 (-751.85 pts, -1.30%) today, below the 57,200 level. Singla notes that 56,900 is the critical expiry support; max pain for Wednesday will determine whether Bank Nifty gravitates toward 57,000 to 57,200 on expiry. Futures closed at a slight discount, signalling cautious sentiment for the stock market predictions for tomorrow in banking.
Global Cues Shaping the Stock Market Predictions for Tomorrow
- GIFT Nifty: Estimated near 23,810, tracking the expiry-day selloff in Nifty 50 futures. The overnight direction of GIFT Nifty will determine whether the stock market predictions for tomorrow open with a further gap-down or a technical bounce attempt.
- US Markets: S&P 500 (+1.09%) and Nasdaq (+1.91%) from Friday provide an underlying positive backdrop. However, domestic expiry-day selling has overridden this global tailwind, making local F&O flows the primary driver for the stock market predictions for tomorrow.
- Iran-US Talks in Switzerland: Day 3 of negotiations. Any confirmed breakthrough would sharply lift the market and reverse today’s selloff, materially improving the stock market predictions for tomorrow for Nifty 50 above 23,950.
Key Events for Stock Market Predictions for Tomorrow, 24 June 2026
- Bank Nifty Weekly Expiry: Wednesday 24 June 2026 is the Bank Nifty F&O expiry. This is the primary domestic event shaping the stock market predictions for tomorrow. Expect high intraday volatility in banking stocks and Bank Nifty between 2:00 PM and 3:15 PM.
- FII Provisional Data: Today’s final FII/DII provisional flows release post-6 PM. Continued FII selling above Rs 2,000 crore would deepen the bearish stock market predictions for tomorrow; a reversal to net buying would significantly improve the stock market predictions for tomorrow for a Wednesday bounce.
- Iran-US Progress: The Switzerland negotiations are a key binary event. A deal would lift crude-sensitive and broader market sectors, reversing the stock market predictions for tomorrow from bearish to cautiously positive.
Sectors to Watch: Tomorrow Share Price Prediction
- Nifty Pharma (Outperformer): The only positive sector today (+0.92%), Nifty Pharma at 24,989.95 offers defensive value in the current selloff. The tomorrow share price prediction for pharma remains constructive with 24,800 as support and 25,300 as next target.
- Nifty IT (Caution): Fell -2.23% today to 27,012.05 in a continued reversal of Monday’s recovery. The tomorrow share price prediction for IT is cautious below 27,200; a stabilisation above that level would be the first recovery signal.
- Nifty Bank (Expiry Volatility): Bank Nifty expiry on Wednesday means the sector will see the widest intraday swings. The tomorrow share price prediction for banking hinges on whether 56,900 holds on expiry day.
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Strategy for 24 June 2026: Stock Market Predictions for Tomorrow
- Avoid Chasing Gap-Downs: If Nifty opens below 23,784.95 (today’s session low) on a negative GIFT Nifty, avoid immediate short entries. Expiry days and post-expiry sessions can produce sharp reversals. The stock market predictions for tomorrow favour waiting for 10:00 AM stability.
- Watch 23,750 as Make-or-Break: The stock market predictions for tomorrow turn decisively bearish below 23,750 and range-bound above it. Use this level as the pivot for directional positions in tomorrow’s session.
- Favour Pharma over IT: Based on the stock market predictions for tomorrow, defensive sector rotation into Pharma names remains the safer intraday stance. Avoid IT longs unless Nifty IT reclaims 27,200.
- Bank Nifty Expiry Alert: Keep position sizes half of normal for Bank Nifty-related trades tomorrow. Expiry-day swings can be 500 to 700 points in a single move, and the stock market predictions for tomorrow cannot predict the exact expiry direction.
What Market Data Indicates for Stock Market Predictions for Tomorrow
India VIX rising to 14.23 from +10.83% on expiry day is the key signal. The stock market predictions for tomorrow must account for a market that has reset expectations — the expiry below 24,000 eliminates the bullish max pain scenario from earlier in the week and places sellers in control of the near-term trend.
Ankit Jaiswal notes that DII buying continues to provide structural support; the MTD DII figure of Rs 66,215 crore net buying is the backstop that prevents panic selling. Kunal Singla observes that the tomorrow share price prediction is not outright bearish — the Pharma sector’s +0.92% outperformance and the oversold RSI levels on Nifty below 23,900 create a setup for a technical bounce if global cues cooperate overnight.
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Risks to Stock Market Predictions for Tomorrow
- Iran Talks Breakdown: If Switzerland negotiations collapse overnight, crude spikes and Indian markets face further selling, pushing the stock market predictions for tomorrow below 23,600 support on a gap-down open.
- FII Selling Acceleration: If today’s provisional FII data shows outflows above Rs 3,000 crore, it signals sustained foreign selling that would deepen the bearish stock market predictions for tomorrow below current support levels.
- Bank Nifty Expiry Shock: A cascading series of option seller stop-losses on Bank Nifty expiry day could create a sharp intraday move of 700 to 800 points that temporarily breaks the stock market predictions for tomorrow technical framework.
- Global Risk-Off: Any surprise negative macro event overnight — US jobs data, Fed commentary, or geopolitical escalation — would add to today’s domestic selling and worsen the stock market predictions for tomorrow outlook.
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 stock market predictions for tomorrow, 24 June 2026, from Ankit Jaiswal and Kunal Singla of Univest point to a cautiously bearish to range-bound session after today’s sharp expiry-day selloff. Nifty 50 must hold 23,750 as the critical floor; a breach opens 23,600. The stock market predictions for tomorrow turn neutral only on a sustained reclaim of 23,950. Bank Nifty expiry on Wednesday adds a layer of intraday volatility that requires strict position sizing discipline.
These stock market predictions for tomorrow are based on market data as of the close of trade on 23 June 2026. Track GIFT Nifty before 9:15 AM and Iran-US talk developments overnight. The tomorrow share price prediction will be updated if global cues materially shift before Wednesday’s open.
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 are the stock market predictions for tomorrow, 24 June 2026?
Ans. Stock market predictions for tomorrow indicate a cautiously bearish to range-bound session after today’s -1.16% expiry-day selloff. Nifty 50 support is at 23,750 and resistance at 23,950. Bank Nifty expiry on Wednesday adds intraday volatility. Watch GIFT Nifty and FII flows before the 9:15 AM open.
Why did the market fall sharply on 23 June 2026?
Ans. Today was the Nifty 50 weekly options expiry (Tuesdays since September 2025). The index fell below 24,000 as expiry-day selling intensified, with IT (-2.23%) and Metal (-3.23%) leading declines. Only Pharma (+0.92%) resisted. The stock market predictions for tomorrow reflect this post-expiry oversold setup.
What is the Nifty 50 target for tomorrow, 24 June 2026?
Ans. Ankit Jaiswal places Nifty 50 support at 23,750 and 23,600 for tomorrow. Resistance is at 23,950 and 24,100. A hold above 23,750 is the base case in the stock market predictions for tomorrow, with a bounce target of 23,950 if global cues improve overnight via Iran-US talk progress.
How does Bank Nifty expiry affect tomorrow’s market?
Ans. Bank Nifty weekly expiry on Wednesday 24 June 2026 is the primary domestic event for the stock market predictions for tomorrow. Expect intraday swings of 500 to 700 points in Bank Nifty between 2:00 PM and 3:15 PM. Keep position sizes reduced and use strict stop losses for Bank Nifty-related trades tomorrow.
What are the tomorrow share price prediction picks for 24 June?
Ans. The tomorrow share price prediction stock picks for 24 June 2026 are Sun Pharma (entry Rs 1,862 to Rs 1,872, target Rs 1,900, SL Rs 1,845), HDFC Bank (entry Rs 772 to Rs 778, target Rs 790, SL Rs 763), and Reliance Industries (entry Rs 1,305 to Rs 1,312, target Rs 1,330, SL Rs 1,292).
