Market wrap up(DWM,T,N,E):The Nifty 50 kicked off the July series on a positive note, gaining 0.35 percent and extending its upward journey for the fourth consecutive session to close at a fresh nine-month high on June 27. Sentiment turned favourable for bulls due to a sharp fall in the VIX, positive crossovers in momentum indicators, and easing tensions in the Middle East. According to experts, in the upcoming sessions, the index needs to clear the 25,750–25,800 hurdle for a strong move toward 26,000 and eventually a record high. Until then, some consolidation may be seen, with support in the 25,400–25,300 zone. The Nifty 50 formed a bullish candle for the third consecutive session, continuing the higher-low formation for the sixth straight day. Traded volumes remained above average for another session. The index traded well above the upper band of the Bollinger Bands, with expansion in the bands. The MACD, Stochastic RSI, and RSI (at 67.72) sustained positive crossovers, with a continued positive bias in the histogram, signalling further uptrend in the Nifty 50.
