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JUNE MONTH MARKET ANALYSIS -
a) May month had a good rally for both the index.
b) Due to good earnings yoy & quarterly results pushed the market upside.
c) Despite covid19-second wave increasing & lockdown announced statewide, then also the market moved upside.
d) In JUNE month market has a lot of challenges to face & some positive sentiments to handle.
e) In upcoming days AUTO SECTORS numbers play an important key role for the market.
f) The upcoming monsoon session also plays an important role.
G) Crude oil sector plays an important role.
h) How Global markets like S&P 500 & DOW JONES plays is most important, USA government is on its budget expansion in JUNE month.
I) According to the Indian government many slabs of announcement yet to come in June month.
j) The stocks that have rallied in May month on their good earnings, depends on how much their corrections will be.
k) The JUNE month has a lot of mixtures in the market.
NIFTY ANALYSIS -
1) NIFTY has formed a monthly bullish candle.
2) NIFTY has given a bullish breakout channel on the upside. According to bullish NIFTY has a potential move till 16000 - 16500 levels on a technical analysis basis.
3) NIFTY will be bullish only above 15469 levels.
4) NIFTY will be bearish only below 15300 levels & NIFTY will test 15331 level any time and even take support for a while.
5) Below 15300 NIFTY might get corrected till 14900 levels, the logical level we are having so far.
6) NIFTY will again have the potential to bounce back from 14900 zones on the upside.
7) NIFTY will correct with small pain but not in the first week of June month.
8) NIFTY supportive stocks are RELIANCE/ HDFC TWINS/ADANI PORTS @ present.
9) Govt discussion of the GST cut & some other announcement will give a positive sentiment for the market.
10) AUTO SECTOR looks bearish presently if any GST announcement comes about, accordingly, AUTO SECTOR will again Boom once more.
11) PHARMA SECTOR stocks are also on the radar it will give a good breakout or a large breakdown in June month.
12) Keep a watch for REALITY SECTOR in June month.
13) NIFTY is a buy on dips in June month, that can move for higher levels 16000 or even above.
14) Not accepting huge corrections don't be on short until & you get a bearish confirmation.
15) In NIFTY better to sell 15400PE & Buy 15100PE, This is my views.
16) We will have a volatile market in June month of upcoming positive & negative news reaction.
16) NIFTY might rally on higher levels for good upcoming monsoon news.
17) STOCKS in NIFTY to watch on June month RELIANCE/HDFC TWINS/ADANI PORTS/TCS & INFOSYS.
18) Trade with the trend, in the June month.
BANK NIFTY ANALYSIS -
1) BANK NIFTY has formed a monthly bullish candle.
2) BANK NIFTY Rallied almost 3500 points from may month low.
3) BANK NIFTY gave a breakout of 34287 levels in may month.
4) BANK NIFTY will have a momentum loss in June month.
5) Only any person arriving on-screen with the statement of positive for the banking sector can turn around BANK NIFTY to upside volatility.
6) BANK NIFTY looks for some small retrace correction in June month.
7) Many heavy wattage banks have rallied on the upside in may month.
8) BANK NIFTY will be short term bearish below 35035.
9) Corrections will take place only below 34287, but too small a correction might be.
10) We will come to see a good bounce-back zone for June month @ 33000 - 33333 levels. only if BANK NIFTY retraces downside.
11) BANK NIFTY might defend 33000 levels if only retracement correction occurs.
12) BANK NIFTY will be sideways for some days or we will see a sideways correction.
13) BANK NIFTY will be bullish only above 34500 levels, above 36000 BANK NIFTY will gear up to move till 37000 - 38000, Even above all-time high.
14) BANK NIFTY will be ready to make an all-time high only above 36000 levels on a closing basis.
15) BANK NIFTY for June month is to buy on dips looks to have more spacious room for upper targets.
16) BANK NIFTY if has a retrace correction, NIFTY might pull it on the upside, with the help of HDFC TWINS & KOTAK BANK.
17) According to NIFTY has made a new all-time high, BANK NIFTY is not yet approached all-time high. So it has a new all-time still pending it might complete in June month only with a heavy volatile.
18) Something again hot news is cooking for BANK NIFTY to move upper levels in June month.
USDINR ANALYSIS -
1) USDINR had June expiry opening @ lower levels 73.
2) USDINR has moved to the sideways zone.
3) USDINR has refilled its 73 zones one more time.
4) USDINR below 73.60 will be again weaker.
5) It will test till 71.71 - 71.50 levels on the downside.
6) USDINR is usually @ accumulation zone.
7) Monthly hedging works it keeps moving sideways.
6) In June month any time it will retest 73.73 & 74 upper levels, do keep watch.
7) USDINR will have a good move on upside-only if the export-import business starts in the fledged. Becoz till now, all businesses are @ halt.
8) USDINR will even get weaker if overseas source money comes to our stock market.
9) Overall in USDINR just trade according to technical or on-trend base.
