Nifty ended on a marginally positive note on 04th June 2026, closing at 23,416.55, up 10.95 points or 0.05%, supported by buying interest from lower levels. The index opened with a gap-down at 23,282.45 and slipped to an intraday low of 23,247.30 before recovering steadily to touch an intraday high of 23,465.30. Technically, the formation of a bullish candlestick pattern reflects accumulation at lower levels and improving market sentiment. The RSI stood at 41.72, while India VIX declined to 15.88, indicating easing volatility. Immediate support is placed around the 23,300–23,350 zone, while resistance is seen near the 23,700–23,750 range.
Bank Nifty ended on a positive note on 04th June 2026, closing at 54,307.85, up 121.90 points or 0.22%, supported by sustained buying interest from lower levels. The index opened with a gap-down at 53,918.85 and touched an intraday low of 53,829.40 before recovering strongly to an intraday high of 54,461.00. Technically, the formation of a bullish candlestick pattern and the close near the day’s high indicate improving sentiment and continued strength in the banking space. The RSI improved to 48.57, reflecting gradual strengthening in momentum. Immediate support is placed around the 53,500–53,700 zone, while resistance is seen near the 54,800–55,000 range.
Foreign Institutional Investors (FIIs) remained net sellers for the seventh consecutive trading session on 04th June 2026, offloading equities worth ₹4,447 crore, reflecting continued caution among overseas investors. In contrast, Domestic Institutional Investors (DIIs) extended their buying streak to the thirteenth consecutive session, purchasing equities worth ₹4,360 crore and continuing to provide strong support to the broader market despite persistent foreign outflows.
The market continues to display underlying strength as buyers have consistently emerged on declines, helping benchmark indices recover from intraday weakness. Supportive domestic institutional flows and easing volatility are contributing to a more stable trading environment. However, the indices are approaching important resistance zones, and a decisive breakout above these levels will be necessary to extend the recovery and strengthen the near-term market outlook,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.