Nifty Chemicals Prediction for Tomorrow: Post-Expiry F&O Levels for 24 June 2026

The nifty chemicals prediction for tomorrow for 24 June 2026 is shaped by today's negative close at 29,670.20 (-241.95, -0.81%) as the Nifty 50 fell -1.16% to 23,824.10 on the weekly options expiry day. Nifty Chemicals fell with broader market; crude oil fall is a structural positive but near-term risk-off dominates. India VIX surged to 14.23 (+10.83%), reflecting elevated post-expiry uncertainty heading into Wednesday, which is the Bank Nifty weekly expiry day.

Ankit Jaiswal, Senior Research Analyst at Univest, and Associate Director Kunal Singla have reviewed today's Nifty Chemicals price action, F&O data, and broader market context to present the nifty chemicals prediction for tomorrow. Wednesday's Bank Nifty expiry will add a layer of intraday volatility that affects all sector indices including Nifty Chemicals.

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Nifty Chemicals Prediction for Tomorrow: Today's Close Summary

• Close and Change: Nifty Chemicals settled at 29,670.20 (-241.95, -0.81%) on 23 June 2026 from the previous close of 29,912.15. Nifty Chemicals fell -0.81% as specialty chemical stocks declined on broad market risk-off. Today's crude oil fall is a medium-term positive for chemical input costs.
• Market Context: Broad market selloff on Nifty 50 expiry day dragged most sectors lower. Only Nifty Pharma (+0.92%) and Nifty Healthcare (+0.54%) held positive. The nifty chemicals prediction for tomorrow reflects this post-expiry oversold setup.
• F&O Context: No direct Nifty Chemicals F&O expiry on Wednesday. The sector may see selective recovery if global specialty demand data is positive overnight. Bank Nifty weekly expiry on 24 June 2026 will create additional intraday volatility that may temporarily amplify moves in sector indices.

Nifty Chemicals Prediction for Tomorrow: Key Levels

Trend: Cautiously Bearish | Support 29,600 | Resistance 29,900

Level	Nifty Chemicals
Support 1	29,600
Support 2	29,400
Resistance 1	29,900
Resistance 2	30,100

The nifty chemicals prediction for tomorrow from Ankit Jaiswal places 29,600 as the immediate support for Wednesday. A hold above this level would keep the near-term nifty chemicals prediction for tomorrow bias range-bound to cautious and target 29,900 as the first upside objective. A decisive break above 29,900 with volume would open 30,100. On the downside, a breach of 29,600 would expose 29,400 as the next support. The nifty chemicals prediction for tomorrow expects cross-index volatility from Bank Nifty expiry to influence the first and final trading hours tomorrow.

Nifty Chemicals F&O and Global Context for 24 June 2026

• Bank Nifty Expiry: Wednesday 24 June 2026 is the Bank Nifty weekly options expiry. The nifty chemicals prediction for tomorrow is subject to sympathetic volatility from this event, especially between 2:00 PM and 3:15 PM when expiry-day action peaks.
• VIX at 14.23: Post-Nifty expiry VIX at 14.23 signals an expected intraday range wider than normal for the nifty chemicals prediction for tomorrow. Use reduced position sizes and strict stop losses for Nifty Chemicals trades on Wednesday.
• Iran-US Talks: Day 3 of Switzerland negotiations. A breakthrough would boost broader risk appetite and improve the nifty chemicals prediction for tomorrow for cyclical sectors; a breakdown revives risk-off and pressures all indices.

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Trading Strategy: Nifty Chemicals Prediction for Tomorrow

1. Use 29,600 as Pivot: The nifty chemicals prediction for tomorrow turns bullish above 29,600 and bearish below it. Confirm with volume before entering directional positions on Wednesday.
2. Buy-on-Dip Setup: If Nifty Chemicals opens near 29,600 with a positive GIFT Nifty cue, the nifty chemicals prediction for tomorrow supports a long entry targeting 29,900. Stop at 29,400.
3. Avoid Expiry Window Trades: Between 2:00 PM and 3:15 PM, Bank Nifty expiry volatility can drag all sector indices including Nifty Chemicals. The nifty chemicals prediction for tomorrow advises reducing positions in this window.
4. Confirm with Nifty 50: The nifty chemicals prediction for tomorrow should be validated against Nifty 50's direction. If Nifty 50 cannot reclaim 23,950 on Wednesday, the nifty chemicals prediction for tomorrow upside is limited even if Nifty Chemicals holds its support.

What Sentiment Indicates for nifty chemicals prediction for tomorrow

The nifty chemicals prediction for tomorrow is influenced by three factors: today's expiry-day -0.81% move, the Bank Nifty expiry tomorrow, and Iran-US talk progress. Ankit Jaiswal notes that an oversold bounce attempt in Nifty Chemicals near 29,600 is technically plausible given the broad market selloff today, but the nifty chemicals prediction for tomorrow upside is capped at 29,900 unless global cues improve materially overnight.

Kunal Singla observes that DII buying of Rs 66,215 crore MTD in June provides structural support across all index levels including Nifty Chemicals. This backstop limits the downside in the nifty chemicals prediction for tomorrow even if FII selling continues, making the nifty chemicals prediction for tomorrow for Wednesday cautiously range-bound rather than aggressively bearish.

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Risks to nifty chemicals prediction for tomorrow

• Iran Talks Breakdown: An overnight collapse in Switzerland would revive risk-off and push the nifty chemicals prediction for tomorrow below 29,600 on a gap-down open for Wednesday.
• Bank Nifty Expiry Cascade: A cascading series of Bank Nifty expiry-day stop-losses could create sympathetic selling in Nifty Chemicals and breach the nifty chemicals prediction for tomorrow's 29,600 support temporarily.
• Crude Derivative Costs: If Iran deal collapses and crude spikes, petrochemical raw material costs rise, worsening the nifty chemicals prediction for tomorrow below 29,600 support.
• FII Sustained Selling: If today's provisional FII data shows outflows above Rs 3,000 crore, it worsens the nifty chemicals prediction for tomorrow opening for Wednesday.

Stocks to Watch Tomorrow, 24 June 2026

Ankit Jaiswal and Kunal Singla of Univest flag three equity stocks for Wednesday's session. Tomorrow is Bank Nifty weekly expiry (24 June), adding volatility to banking names. These picks are based on today's post-expiry oversold setup.

Stock	CMP (23 June 2026)	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 today, the outperformer in a weak market, as Nifty Pharma (+0.92%) was among the very few positive sectors on 23 June 2026. Jaiswal flags entry at Rs 1,862 to Rs 1,872 targeting Rs 1,900. HDFC Bank at Rs 774.65 is oversold ahead of Bank Nifty expiry on Wednesday; Singla sees a pre-expiry short-covering bounce targeting Rs 790 to Rs 795 with stop at Rs 763. Reliance Industries closed at Rs 1,309.50, testing its low of Rs 1,304 today; Jaiswal sees Rs 1,305 to Rs 1,312 as a bounce entry targeting Rs 1,330 with stop at Rs 1,292.

Conclusion

The nifty chemicals prediction for tomorrow on 24 June 2026 is cautiously bearish with support at 29,600 and resistance at 29,900. Ankit Jaiswal notes that a hold above 29,600 is the base case for the nifty chemicals prediction for tomorrow in Wednesday's session. The nifty chemicals prediction for tomorrow turns decisively positive only on a sustained reclaim of 29,900 with volume, which requires both positive global cues and a smooth Bank Nifty expiry outcome.

This nifty chemicals prediction for tomorrow is based on market data as of close of trade on 23 June 2026. Track GIFT Nifty before 9:15 AM and monitor Iran-US talk developments overnight for the latest inputs for the nifty chemicals prediction for tomorrow direction on 24 June 2026.

FAQs

What is the nifty chemicals prediction for tomorrow, 24 June 2026?

Ans. The nifty chemicals prediction for tomorrow is cautiously bearish for 24 June 2026 after today's close at 29,670.20 (-0.81%). Support is at 29,600 and resistance at 29,900. Bank Nifty expiry on Wednesday adds intraday volatility. Watch GIFT Nifty and Iran-US talk outcomes before the 9:15 AM open.

What is the Nifty Chemicals support and resistance for 24 June 2026?

Ans. Ankit Jaiswal places Nifty Chemicals support at 29,600 and 29,400 for the nifty chemicals prediction for tomorrow on 24 June 2026. Resistance levels are 29,900 and 30,100. A sustained move above 29,900 with volume would signal a bullish breakout from the nifty tomorrow Wednesday outlook's current range-bound structure.

How does Bank Nifty expiry affect the nifty tomorrow Wednesday outlook?

Ans. Bank Nifty weekly expiry on Wednesday 24 June 2026 creates cross-index volatility between 2:00 PM and 3:15 PM that can temporarily break the nifty tomorrow Wednesday outlook's support and resistance levels. Reduce position sizes in Nifty Chemicals during the Bank Nifty expiry window and use strict stop losses for the nifty tomorrow Wednesday outlook.

What stocks should traders watch alongside the nifty tomorrow Wednesday outlook?

Ans. For Wednesday's session alongside the nifty tomorrow Wednesday outlook, Ankit Jaiswal and Kunal Singla flag Sun Pharma (defensive outperformer, entry Rs 1,862 to Rs 1,872, target Rs 1,900), HDFC Bank (pre-expiry bounce, entry Rs 772 to Rs 778, target Rs 790), and Reliance Industries (oversold bounce, entry Rs 1,305 to Rs 1,312, target Rs 1,330).

What global cues affect the nifty tomorrow Wednesday outlook for 24 June 2026?

Ans. GIFT Nifty direction, Iran-US talks progress, and US market overnight cues are the primary global inputs for the nifty tomorrow Wednesday outlook on 24 June 2026. A positive GIFT Nifty above 23,850 overnight would signal a bounce attempt for Nifty Chemicals near 29,600 on Wednesday opening.