📊 Market Outlook – 19 June 2026 $INFY $HCLTECH

📊 Market Outlook – 19 June 2026 Indian markets are likely to open with a slightly negative to flat bias after a strong 5-session rally. Profit booking at higher levels and weakness in global IT sentiment may keep traders cautious today. Key Factors to Watch 🔹 Crude Oil Positive Brent crude has fallen sharply this week as shipping through the Strait of Hormuz normalizes. Lower oil prices are positive for India's inflation outlook, current account balance, and sectors such as paints, aviation, chemicals, and OMCs. 🔹 IT Sector Under Pressure Global IT sentiment weakened after Accenture's cautious outlook. Indian IT majors like Wipro and Infosys may remain under pressure. 🔹 FII Activity Foreign investors turned sellers in the previous session, while domestic institutions continued buying, providing support to the market. 🔹 Global Markets Mixed Asian markets are largely positive as falling oil prices improve risk sentiment, though concerns about the durability of Middle East peace and higher U.S. rates continue to create volatility. Nifty Levels Support: 24,000 – 23,900 Resistance: 24,250 – 24,400 Trend remains positive as long as Nifty holds above 24,000. Sector View ✅ Positive: Banking, Capital Goods, Defence, Oil Marketing Companies, Aviation ⚠️ Cautious: IT, Export-oriented Tech Trading Strategy "Buy on dips" remains the preferred strategy. Focus on stocks showing strong relative strength in Defence, PSU Banks, Capital Goods and Infrastructure themes while keeping strict stop losses due to global volatility. Market Mantra: Lower crude is a tailwind for India, but profit booking after the recent rally could keep the market range-bound today