Sensex Prediction for Monday: The Indian stock markets are expected to open on a bullish note on Monday, June 15, after the benchmark indices staged a sharp rebound in the previous session on Friday, with the Sensex and Nifty surging nearly 2 per cent each, fuelled by hopes of a US-Iran peace deal, easing crude oil prices and improving global sentiment that boosted investor sentiments.
Sensex at close on Friday, June 12
Created with AI. Errors are possibleThe 50-share NSE Nifty ended sharply higher by 461.30 points, or 1.99 per cent, to close at 23,622.90.
The rally came after US President Donald Trump on Thursday announced that the United States had ended its conflict with Iran, triggering a risk-on sentiment across global markets. The rally added nearly Rs 10 lakh crore to the combined market valuation of BSE-listed companies. With this, the total market capitalisation surged to around Rs 462 lakh crore.
On the weekly front, the BSE benchmark jumped 1,284.61 points, or 1.73 per cent, and the Nifty surged 256.2 points, or 1 per cent.
Sensex gainers and losers on Friday, June 12
However, he said buying momentum intensified in the latter half of the session, resulting in a sharp upside rally. The index rallied to an intraday high of 75,608.02 and eventually settled near the day’s high at 75,527.95, indicating strong bullish conviction and aggressive accumulation at higher levels.
Sensex Prediction for Monday, June 15 by experts
Market participants will now closely watch whether the key benchmark Sensex can sustain its breakout and challenge the psychologically important 76,000 mark in the upcoming session on Monday, June 15.
Sensex Prediction for Monday, June 15 by Vipin Dixena
According to SEBI-registered analyst, Vipin Dixena, the Sensex has staged a strong recovery after forming a higher low near 73,400 and has decisively broken above the key resistance zone of 74,800.
“RSI at 75 reflects strong momentum but also indicates near-term overbought conditions,” he said, adding the immediate resistance is placed at 76,130, and a sustained move above this level could open the path toward 76,800–77,200.
On the downside, Dixena said 74,835 now becomes an important support. “The broader setup has improved significantly, but after the recent vertical rally, some consolidation or profit-booking near resistance cannot be ruled out before the next leg higher,” the analyst said.
For Monday’s trading session, Dixena said, the overall bias remains bullish with a buy-on-dips approach as long as 74,835 holds.
Sensex Prediction for Monday, June 15 by Hitesh Tailor
From a technical perspective, Tailor said the Sensex registered a decisive breakout above its recent consolidation range and formed a strong bullish candlestick pattern on the daily chart.
“The index not only sustained its gap-up opening but also closed near the day’s high, highlighting robust buying strength. The breakout from the prolonged sideways range suggests a potential trend reversal in favor of the bulls and signals the possibility of further upside momentum,” he said.
Immediate support is now placed at 74,500–74,700, while the next hurdle for the index is seen around the 76,000–76,200 resistance zone, he added.
For Monday, Tailor said, “The overall market bias has turned strongly bullish as the index witnessed a decisive range breakout supported by broad-based sectoral participation and strong closing near the day’s high. The sharp improvement in market breadth and sustained buying across key sectors indicate renewed investor confidence.”
As long as the Sensex holds above the 74,500–74,700 support zone, he said the positive momentum is likely to remain intact. “A sustained move above the 76,000–76,200 resistance zone could further strengthen bullish sentiment and pave the way for an extended upside move in the coming sessions,” he concluded.
Broader markets, sectoral performance on Friday, June 12
The BSE SmallCap Select index jumped 2.75 per cent and MidCap Select index climbed 2.66 per cent.
Among sectoral indices, realty surged 3.55 per cent, MidSmall Private Banks Quality Tilt (3.49 per cent), Industrials (3.45 per cent), Financial Services (3.14 per cent), Private Banks index (3.07 per cent), Bankex (2.94 per cent) and Top 10 Banks (2.85 per cent).
A total of 3,222 stocks advanced, while 1,046 declined and 154 remained unchanged on the BSE.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,987.09 crore on Thursday, according to exchange data.
On Thursday, the 30-share BSE Sensex declined 150.63 points, or 0.20 per cent, to settle at 73,832.55. The Nifty edged lower by 53.35 points, or 0.23 per cent, to end at 23,161.60.
Last week on Thursday, US President Donald Trump said the United States and Iran could sign a peace deal as early as this weekend, a development that could reopen the Strait of Hormuz for shipping.
Speaking to reporters at the White House, Trump said, “We just made a great settlement of the war with Iran.” “The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe,” he added, noting that Vice President JD Vance could sign on behalf of the United States.
When asked whether Iran’s Supreme Leader Ayatollah Mojtaba Khamenei had approved the deal, Trump said, “I understand the answer is yes.”
