POST MARKET REVIEW JUNE 14th - 18th
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POST-MARKET REVIEWS -
NIFTY -
1) This week global & local cues were negative.
2) On US FED event market reacted negatively.
3) NIFTY had a weeks opening @ 15791 levels.
4) Again NIFTY celebrated with a fresh new all-time high @ 15901 levels.
5) A sell-off was seen till 15451 levels.
6) All sectors selling was seen in the Indian market.
7) NIFTY had a weekly closing above 15600 levels.
8) As suggested in my weekly analysis, bearish was below 15740 all targets completed @ downside.
9) Above 15835 weekly high made was a fresh all-time high @ 15901 levels.
10) Today NIFTY opened @ 15756 & had a huge selling pressure till 15451 as days low and closed above 15720 levels.
11) Remember NIFTY 15720 me uppar, hum uppar & 15720 me neeche, hum neeche.
12) Today's NIFTY closing is suspicious.
BANK NIFTY -
1) BANK NIFTY had a weekly opening @ 34936 levels, made weeks high @ 35377 & made a huge low till 33915 levels, had weeks closing above 34600 levels.
2) BANK NIFTY was rejecting 35333 levels.
3) BANK NIFTY has a strong resistance @ 35333 levels.
4) All PSU SECTORS bank was weak.
5) Only private banks were stable, selling pressure was seen today in private banks too.
6) HDFC TWINS & KOTAK BANK were negative hole week.
7) BAJAJ TWINS were strong at the start of the week, in the last session days selling was seen due to global cues.
8) BANK NIFTY is looking still weak.
9) BANK NIFTY a small up move can be seen after 24th JUNE.
10) BANK NIFTY will give a big surprise for the market with fresh all-time highs in upcoming quarterly results in July month.
11) HDFC TWINS & KOTAK BANK are @ oversold zone technically.
12) BANK NIFTY might take one more dip till 33000 / 33500 levels on the downside.
13) As suggested BANK NIFTY 35200 levels me uppar, hum uppar. BANK NIFTY 34800 levels me neeche, hum neeche.
14) But we got weeks closing below 34700 levels, Hum Abhi neeche gain.
15) Today BANK NIFTY had intraday openings @ 34735 levels, made days low @ 33915 levels & closed above 34666 levels.
Stay tuned on Blogs,
For upcoming weekly indices analysis & Intraday levels 21st June.
-REGARDS-
Kirthee Bane
