POST MARKET REVIEW -
Open your Zerodha Demat account here,
Today's expiry was @ the upper end.
TODAY'S INTRADAY PERFORMANCE -
AXIS BANK - The stock had a selling pressure in intraday session, 738 Buying moved till 740 levels. The bank holded 737 as strong support. Closing below 737 will drag to 717 & 705 levels.
POST-MARKET REVIEWS -
NIFTY -
1) Today global & local cues were positive.
2) NIFTY celebrated with fresh new all-time high @ 15835 levels.
3) NIFTY opened with a huge gap up to 15796 levels & filled the gap in the intraday session today. The selling pressure was seen from all-time highs.
4) NIFTY was in consolidation, trading between 15800 - 15750 levels.
5) Selling pressure was seen in AUTO / FMCG & BANKING SECTORS.
6) IT SECTOR had a huge gap up opening, TCS gave a good rally on the upside today.
7) PHARMA SECTOR had a bullish rally today, SUN PHARMA & AURO PHARMA gave a bullish breakout and rallied upside with a 5% gain.
8) METAL SECTOR had a big rally today, SAIL & COAL INDIA gave a 5% gain, HINDALCO with 6% gain & TATA STEEL / JINDAL STEEL / JSW STEEL have given a breakout for upside with huge targets in upcoming days.
9) NIFTY looks suspicious on a closing basis, NIFTY might test anytime till 15000 - 15200 levels on the downside.
BANK NIFTY -
1) BANK NIFTY had a gap up opening @ 35324 levels.
2) BANK NIFTY could not sustain gap up opening, selling pressure was seen from days high 35344 levels.
3) BANK STOCKS AXIS BANK / HDFC TWINS & SBI have given a spike on the upside in morning sessions and selling pressure was seen from days highs.
4) AXIS BANK & HDFC TWINS are looking weak yet for BANK NIFTY.
5) BAJAJ TWINS were looking bullish yesterday, but today was a profit-booking day.
6) KOTAK BANK also looks weak.
7) BANK NIFTY closed suspicious, it's on make or break for the upcoming week.
8) There will be a CAUTION on banking stocks to take a trade aggressively.
9) BANK NIFTY will test anytime till 33500 - 33000 levels in upcoming days.
🚧 CAUTION ON CLOSING BASIS 🚧
NIFTY -
15725 ke uppar hum uppar, 15555 ke neeche hum neeche.
BANK NIFTY -
35200 KE UPPAR HUM UPPAR, 34800 KE NEECHE HUM NEECHE.🙏
Stay tuned on Blogs,
For an upcoming weekly index analysis, cash segments delivery stocks analysis & Intraday levels for 14th June.
-REGARDS-
Kirthee Bane
