Sensex Prediction for Monday, June 22 by experts: Indian stock markets snapped their five-session winning streak on Friday, June 19, with the benchmark index BSE Sensex tumbling 607 points, dragged by heavy selling in information technology firms after global tech giant Accenture trimmed its full-year revenue growth guidance, overshadowing positive developments such as the proposed IPO of Jio Platforms. Renewed geopolitical uncertainty over the postponement of talks to finalise the US-Iran peace deal in Switzerland also dampened investor sentiment.
Despite the sharp correction, market experts believe the broader trend remains constructive, with key support levels likely to determine the market’s direction as trading resume for a fresh week on Monday, June 22.
Created with AI. Errors are possibleMarkets on Monday will also depend on the direction of the technical-level talks in Burgenstock, Switzerland, on Sunday between the US and Iran. US Vice President JD Vance was initially supposed to hold a first round of talks with senior Iranian officials on Friday at a mountainside resort in the tiny Swiss village of Obburgen, but his Iranian counterparts cancelled their plans to attend because of escalating fighting between Israel and Iranian-backed Hezbollah in Lebanon.
Sensex at close on Friday, June 19
Sensex top gainers and losers on Friday, June 19
Sensex Prediction for Monday, June 22 by experts
Technical analysts suggest that while the heavy sell-off of Friday dented short-term momentum, the benchmark index remains within a broader bullish structure, making Monday’s session crucial for deciding the next phase of the market’s trajectory.
Sensex Prediction for Monday, June 22 by Aakash Shah
According to Aakash Shah, Technical Analyst – Technical Research, at Choice Broking, the Sensex has slipped below its immediate short-term momentum levels after failing to sustain its recent highs.
“Immediate resistance is placed near 77,200, followed by 77,300, while the 76,300–76,400 zone is expected to act as strong support and may attract accumulation from positional investors,” he said.
Shah noted that a decisive move above resistance could revive buying interest, whereas a breach of support may extend the corrective phase.
“The Sensex witnessed a sharp corrective session on 19 June 2026, closing at 76,802.90, down 607.08 points (-0.78%), as heavy selling in IT heavyweights dragged the benchmark lower. The index faced sustained pressure throughout the day, reflecting a loss of bullish momentum after the recent rally and indicating the possibility of near-term consolidation. Market sentiment remained weak, with sectoral participation broadly negative and IT emerging as the biggest drag on the benchmark,” he stated.
“Overall, the day was characterized by a broad-based sell-off led by the IT sector, with concerns over global technology spending and Accenture’s cautious outlook weighing heavily on market sentiment. Despite the sharp decline, selective buying in telecom, banking and industrial names helped limit deeper losses in the benchmark,” the analyst noted.
Sensex Prediction for Monday, June 22 by Vipin Dixena
Offering a more optimistic near-term view, SEBI-registered analyst, said, Vipin Dixena, however, highlights that the Sensex maintains a short-term bullish structure after successfully reclaiming its 50-day Exponential Moving Average (50-EMA) and holding above crucial support levels.
“Sensex remains in a short-term bullish structure after reclaiming the 50-EMA and holding above the key support zone of 76,600. A sustained move above immediate resistance near 76,850 level can open the path toward 77,100–77,300. RSI has recovered to around 51, indicating improving momentum without being overbought,” he said.
For Monday, he said, the overall bias remains positive as long as Sensex holds above 76,680, with dips likely to attract buying interest.
Broader markets, sectoral indices on Friday, June 19
The BSE SmallCap Select index climbed 0.62 per cent and the MidCap Select index edged higher by 0.42 per cent.
Sectorally, BSE IT tanked 3.57 per cent, Focused IT 2.81 per cent, Oil & Gas 1.21 per cent, Energy 1 per cent, Realty 0.94 per cent and PSU Bank 0.61 per cent.
Telecommunications climbed 1.59 per cent, Power 1.02 per cent, Industrials 0.83 per cent, Healthcare 0.76 per cent and Utilities 0.39 per cent.
The board of Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, approved filing draft papers for an initial public offering involving a fresh issue of up to 27 crore equity shares, RIL said on Friday.
Addressing the 49th annual shareholder meeting of Reliance, chairman and managing director Mukesh Ambani said the draft red herring prospectus (DRHP), approved by the board of Jio Platforms, will be filed with the Securities and Exchange Board of India (SEBI) on Friday.
Brent crude, the global oil benchmark, dipped 0.58 per cent to USD 79.39 per barrel.
Benchmark equity indices ended in the positive territory on Thursday, rallying for the fifth straight session. The Sensex climbed 254.36 points, or 0.33 per cent, to settle at 77,409.98. The Nifty edged higher by 82.30 points, or 0.34 per cent, to end at 24,168.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
