Stock Market Prediction for Tomorrow: Nifty Holds 23,850 After Fading From 24,011, Outlook for Tuesday 16 June 2026

The stock market prediction for tomorrow, Tuesday 16 June 2026, points to a cautious, range-bound session after a day of gap-up gains that faded. The Nifty 50 closed at 23,856.55, up 0.95 percent, the Sensex rose 0.94 percent to 76,242.71 and Bank Nifty added 0.63 percent to 57,162.85, but all three closed well off their highs, leaving an upper wick into the Tuesday weekly expiry.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, breaks down the stock market prediction for tomorrow with the levels that matter, the derivatives picture and the events that decide Tuesday’s session, which is also the Nifty weekly options expiry.

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How Monday Set Up the Stock Market Prediction for Tomorrow

Monday was a buy-the-open, sell-the-rip session. The market gapped higher on the weekend de-escalation follow-through, the Nifty racing to 24,011.40 and the Sensex to 76,821.07, before sellers faded the move through the afternoon. The Nifty still closed up 224.80 points and the Sensex up 709.77, but both surrendered a chunk of the intraday surge, a sign that 24,000 on the Nifty is drawing supply just as the weekly expiry and the Fed meeting approach.

That sets the backdrop for the stock market prediction for tomorrow.

Key Levels for the Stock Market Prediction for Tomorrow

Level	Value
Nifty close	23,856.55 (+0.95%)
Sensex close	76,242.71 (+0.94%)
Bank Nifty close	57,162.85 (+0.63%)
Nifty pivot (Tue)	23,895
Nifty resistance R1 / R2	23,973 / 24,089
Nifty support S1 / S2	23,779 / 23,702
India VIX	14.35 (down)

The Nifty pivot for Tuesday sits at 23,895, with resistance at 23,973 and 24,089 and support at 23,779 and 23,702. The 24,000 round number is the wall to clear, while the day’s low near 23,818 is the first floor. These pivots frame the stock market prediction for tomorrow.

Derivatives and F&O Signals in the Stock Market Prediction for Tomorrow

• Nifty futures: June futures settled near 23,930.00, a premium of about 73 points, holding a long bias
• Weekly expiry tomorrow: Tuesday is the Nifty weekly options expiry, expect pinning toward heavily written strikes and elevated intraday swings
• Volatility: India VIX cooled to 14.35, the market is not pricing big two-way risk into the expiry
• Bank Nifty: Bank futures near 57,211.20, banking remains the index leader but ICICI Bank closing red is a divergence to watch

These derivative signals anchor the stock market prediction for tomorrow into the Tuesday session.

Monday’s Notable Movers

Stock	LTP (Rs)	Change
Eternal	252.00	+3.36%
Larsen and Toubro	4,169.80	+2.98%
BPCL	310.60	+2.73%
Bajaj Finance	942.30	+2.61%
Titan	4,283.50	+2.38%
Infosys	1,134.90	+1.66%
Reliance Industries	1,307.00	+1.08%
PNB	107.96	+1.01%

Eternal, Larsen and Toubro and BPCL led the gainers, capital goods and energy carrying the session, while ICICI Bank bucked the broader bank strength with a red close. The breadth stayed positive but the fade from the highs is the cautionary signal heading into the stock market prediction for tomorrow.

What Will Drive the Stock Market Prediction for Tomorrow

• Today’s reversal: All three indices gapped up and printed fresh highs early, the Nifty tagging 24,011.40, before fading into the close, a buy-the-open sell-the-rip session that leaves an upper wick on the daily candle
• Nifty weekly expiry tomorrow: Tuesday 16 June is the Nifty weekly options expiry, which typically lifts intraday volatility and pins price toward heavily written strikes
• Fed on Wednesday night: The US Fed statement lands late Wednesday night India time, the first under new Chair Kevin Warsh, so Tuesday is a positioning session ahead of the event
• Volatility: India VIX cooled to 14.35, the calmest reading in over a week, signalling traders are not pricing large two-way risk into the expiry
• Crude and global: Crude stayed soft after last week’s de-escalation slide, keeping oil marketing names supported, while weekend US-Iran headlines remain the open gap risk

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Trading Strategy for the Stock Market Prediction for Tomorrow

The stock market prediction for tomorrow favours a disciplined, level-based approach.

• Respect 24,000: The Nifty faded from 24,011, so a clean breakout and hold above 24,000 is the bullish trigger, failure keeps the range intact
• Trade the expiry carefully: Weekly expiry days whip both ways, smaller size and defined stops beat directional conviction
• Watch ICICI Bank: A red close in a leading private bank on an up day is a divergence, broad bank participation needs to resume for the rally to extend
• Stay nimble before the Fed: Wednesday night’s Fed statement makes Tuesday a positioning day, avoid carrying oversized overnight risk

Stock Market Prediction for Tomorrow: Quick Answers

Where will the market go tomorrow: Range-bound with an upward bias if Nifty holds above 23,779, resistance at 24,000 then 24,089

Key resistance and support: Nifty resistance 24,000 and 24,089, support 23,779 and 23,702

The big event: The Nifty weekly expiry on Tuesday and the US Fed statement late Wednesday night India time under new Chair Kevin Warsh.

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Conclusion

The stock market prediction for tomorrow, 16 June 2026, is for a cautious, expiry-driven session. Monday’s fade from 24,011 shows supply at the round number, and with the weekly expiry on Tuesday and the Fed on Wednesday night, the path of least resistance is a range between the day’s low near 23,818 and the 24,000 cap unless a decisive break occurs. Traders should treat the stock market prediction for tomorrow as a level-based playbook rather than a directional bet. Univest analysts will refresh the stock market prediction for tomorrow as the expiry and the Fed decision unfold. Check back for the next update.

FAQs on the Stock Market Prediction for Tomorrow

What is the stock market prediction for tomorrow, 16 June 2026?

Ans. The stock market prediction for tomorrow is for a cautious, range-bound session. The Nifty closed at 23,856.55 up 0.95 percent on Monday but faded from a high of 24,011.40, so 24,000 is the key resistance and the day’s low near 23,818 the first support, with Tuesday also being the Nifty weekly options expiry.

Will Nifty cross 24,000 tomorrow?

Ans. The Nifty tagged 24,011.40 on Monday before fading to close at 23,856.55, showing supply at the round number. A clean breakout and hold above 24,000 would be the bullish trigger for the next leg, while failure keeps the index in a range into the weekly expiry and the Wednesday-night Fed decision.

What are the key levels for the stock market tomorrow?

Ans. For the Nifty, the Tuesday pivot is 23,895, resistance sits at 23,973 and 24,089 with the 24,000 round number in between, and support is at 23,779 and 23,702. The Sensex closed at 76,242.71 and Bank Nifty at 57,162.85.

Which stocks moved most on Monday?

Ans. Eternal gained 3.36 percent, Larsen and Toubro 2.98 percent and BPCL 2.73 percent leading the session, with Bajaj Finance and Titan also strong. ICICI Bank was a notable laggard, closing down 0.98 percent even as the broader banking pack held firm.

What events affect the market tomorrow?

Ans. Two events dominate: the Nifty weekly options expiry on Tuesday, which lifts intraday volatility and pins price toward written strikes, and the build-up to the US Fed statement late Wednesday night India time, the first under new Chair Kevin Warsh. Weekend US-Iran headlines remain a gap risk.