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Below the Quote on Technical Market Commentary for June 22nd, 2026 by Jatin Gedia - VP, Technical Research Teji Mandi Investment Technologies Pvt Ltd

Nifty opened gap up today and consolidated within 24070 - 24170 , a narrow 100 point range. We expect the consolidation to continue as options positioning suggests the highest concentration of open interest at 24000 PE and 24200 CE for the 23rd June weekly expiry. So, we can expect a rangebound expiry. Stock and sector specific action continues. Pharma and defence sector stocks outperformed and witnessed buying interest. Overall, the index has been consolidating between 23900 - 24200 for the past three sessions and we expect rangebound price action to continue.  Dips toward the 24000 support zone should be considered a buying opportunity. 

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