POST MARKET REVIEW -
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TODAY'S INTRADAY PERFORMANCE -
RELIANCE & HCL TECH we're in a sideways move today.
NIFTY -
1) Today's day was a profit booking day for the market.
2) MARKET has stayed in a range-bound.
3) NIFTY opened with the gap down of 50 points.
4) NIFTY opened @ 15520.
5) NIFTY made a lowers low today.
6) NIFTY made a low of 15459.
7) NIFTY recovered on the opening of the global market.
8) NIFTY made a recovery of above 140 points on the upside in 2nd half.
9) Profit booking was seen in many sectors.
10) IT SECTOR was underperforming today with the profit bookings, As off USDINR was on the higher side in intraday.
11) AUTO SECTOR was recovered in 2nd half session.
12) METAL SECTOR performance as well, but only TATA STEEL was performed.
13) FMCG SECTOR had a selling pressure with a gap down openings. But only BRITANNIA performed well.
14) TOMORROW's expiry day will play a big volatile, bcoz NIFTY is in range-bound.
15) NIFTY 15500CE was stuck in a range of 45 - 65, which made a high of 100 in the last closing hours.
16) NIFTY yesterdays closing 15574 stays strong support for expiry day
17) ADANI PORTS had a gap up opening, profit booking was done today of yesterdays rally.
18) Fresh buyers got activated in the last closing minutes.
19) Today Rejecting level for NIFTY was 15517 in intraday, which was taken out in a single move in the last hour session.
20) NIFTY struggled to hold again today above 15555 levels.
21) Today NIFTY opened @ 15520 & closed on 15590, with a gain of 70 points.
BANK NIFTY -
1) BANK NIFTY had a gap down opening @ 35271.
2) All BANK SECTORS we're in the profit booking stage.
3) MONETARY POLICY is in this week.
4) BANKS may have a section.
5) Today INDUSIND BANK supported BANK NIFTY.
6) HDFC TWINS gave a good recovery in 2nd session.
7) BAJAJ TWINS are trading in a range-bound.
8) BANK NIFTY had a 35216 resistance level, which taken out in the last trading hour session.
9) BANK NIFTY Closed in a bullish.
10) BANK NIFTY has traded in a range-bound of 35000 - 35555.
11) The range-bound breakout will take BANK NIFTY in one side direction in the upcoming days.
12) The rally will be 500 - 700 points in a single day, after a range-bound breakout.
13) Today BANK NIFTY profit booking low was 35068.
14) BANK NIFTY holded a support zone of 35000 levels.
15) BANK NIFTY faced a logical level 35414 as a resistance.
16) BANK NIFTY recovery from days low was about 400 points.
17) Fresh buyers got activated in the last minutes of the closing session.
18) BANK NIFTY has formed a price action on daily charts.
19) Tomorrow's expiry play will be interesting to watch.
20) BANK NIFTY made a high of 35415.
2) BANK NIFTY had @ 35271 & closed @ 35373, with a todays 100 points gaining.
Stay tuned on Blogs,
For upcoming intraday level JUNE 3rd.
