Stock market on June 26: Here are 5 things to know before opening bell

The Indian equity benchmarks are set to open marginally higher as indicated by NIFTY futures traded at Gift City in Ahmedabad. Gift NIFTY futures rose 0.12% or 32 points to 25,292 amid mixed cues from Asian markets. In yesterday's session, the SENSEX and NIFTY50 indices rose for second straight day as geo-political tensions in Middle East eased.

Asian markets

Asian stocks stuttered on Thursday, while oil prices stabilized and the euro was perched at a 3-1-2/-year high as investors weighed geopolitical, economic and fiscal uncertainties as they braced for US President Donald Trump's deadline on tariffs. Markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade and underpinning sentiment, news agency Reuters reported.

Japan's Nikkei rose 1%, China's Shanghai Composite dropped 0.1%, Hong Kong's Hang Seng fell 0.5% and South Korea's KOSPI dropped 2.2%.

US Markets

Overnight, US markets hovered near their all-time high on Wednesday as financial markets caught a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.

Dow Jones index fell 0.25%, tech heavy Nasdaq rose 0.31% and S&P500 ended unchanged.

Crude oil check

Oil prices edged higher, extending gains from the previous session as larger-than-expected draw in US crude stocks signalled firm demand, while investors remained cautious about the Iran-Israel ceasefire and stability in the Middle East, according to Reuters.

Brent crude futures rose 12 cents, or 0.2%, to $67.80 a barrel. US West Texas Intermediate (WTI) crude gained 20 cents, or 0.3%, to $65.12.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹2,425 crore on Tuesday in cash segment while domestic institutional investors bought stocks worth ₹2,373 crore.

FIIs bought index futures worth ₹528 crore and bought index options worth ₹21,093 crore.

Expiry day trade setup

On technical charts, the index is trading on the upper band of the Bollinger band and closed above the crucial resistance level of 25,200 on Wednesday. This indicates continuity in the bullish outlook for the index.

Bullish outlook: Traders with bullish sentiment can execute a long call strategy by buying 25,200 calls. The strategy would turn profitable after the index moves above 24,294.

Bearish outlook: Traders with a bearish outlook can execute a long put strategy by buying a put strike of 25,250. The strategy would turn profitable after the index moves below the 24,187 level.