The Indian stock market ended Friday's session on a lower note, with benchmark indices snapping their five-day winning run. According to reports from Mint, the Sensex closed 607 points, or 0.78%, lower at 76,802.90, while the Nifty 50 fell 154.90 points, or 0.64%, to finish at 24,013.10. The decline was primarily attributed to a steep fall in IT stocks after Accenture trimmed its revenue growth forecast. The Nifty 50 opened with a gap-down at 23,991.20 and traded in a consolidation range during most of the session, with volatility intensifying towards closing hours.
According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of a doji-like candlestick pattern indicates indecisiveness among market participants on the daily timeframe. As reported by Mint, the pattern reflects balance between buyers and sellers after the recent up move and suggests the market may be awaiting fresh triggers for its next directional move. Immediate support for Nifty is placed in the 23,850–23,900 range, while resistance is observed between 24,100 and 24,150 levels. The Relative Strength Index (RSI) stands at 57.76, indicating positive momentum despite the consolidation witnessed during the session.
The Bank Nifty index ended the day with a decline of 278.05 points or 0.48% at 57,685.75, according to Mint reports. The index opened with a gap-down at 57,754.95 and remained under pressure during the first half, extending its decline into the early part of the second half where it registered its intraday low of 57,464.55. However, buying interest emerged from lower levels and volatility increased towards the latter part of the session, helping the index recover to an intraday high of 57,804.90. Bagadia noted that the formation of a small hammer-like candlestick pattern reflects buying support emerging from lower levels.
Sumeet Bagadia recommends five breakout stocks to buy on Monday, 22 June 2026: Aurobindo Pharma, Supreme Petrochem, Vijaya Diagnostic Centre, CARE Ratings, and Valor Estate. According to Mint reports, Aurobindo Pharma is recommended at ₹1498 with a target of ₹1635 and stop loss at ₹1425, while Supreme Petrochem is suggested at ₹750 targeting ₹820 with a stop loss at ₹715. Vijaya Diagnostic Centre is recommended at ₹1364 with a target of ₹1500 and stop loss at ₹1290, and CARE Ratings is suggested at ₹1713 targeting ₹1890 with a stop loss at ₹1625. Valor Estate is recommended at ₹118 with a target of ₹130 and stop loss at ₹112.50.
