POST MARKET REVIEW -
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POST-MARKET REVIEWS -
NIFTY -
1) Today global cues were negative, on the US fed event announcement @ yesterday night.
2) Our Indian market reacted negatively to global cues.
3) NIFTY opened with a huge gap down @ 15648, which was 100 points. & The gap was filled in intraday itself.
4) NIFTY made a low @ 15616 in the morning session & made days high @ 15769 levels, The closing was above 15666 levels.
5) AUTO SECTOR had a selling pressure, only BAL KRISHNA INDUSTRIES was in gain above 2.50%.
6) In COMMODITY SECTOR only cement stocks were positive & all other stocks in selling pressure.
7) In METAL SECTOR only APL APOLLO TUBES LTD had a 5% gain in the falling market. All other stocks selling pressure was seen.
8) DIVSILAB & TORRENT PHARMA we're in positive in PHARMA SECTOR.
9) The IT SECTOR was only sector positive today.
10) NIFTY closing below 15720, bearishness will be seen.
11) NIFTY has lost the upside momentum from today's closing, SELL on rising strategy in NIFTY my views.
BANK NIFTY -
1) BANK NIFTY had a huge gap down opening @ 34619 levels.
2) BANK NIFTY made days low @ 34458, had made days high @ 34882 levels & closed above 34500 levels.
3) BANK NIFTY had a selling pressure today.
4) PSU BANK had a huge selling pressure.
5) FINANCIAL SECTOR had a huge selling pressure. But only HDFC LIFE & ICICI PRU LIFE we're in gains.
6) As suggested closing below 34800 levels will be a bearishness.
7) KOTAK BANK might change the game of bearishness. If it moves on the upside.
8) KOTAK BANK to watch for upmove.
🚧 CAUTION ON CLOSING BASIS 🚧
NIFTY -
15725 ke uppar hum uppar, 15700 ke neeche hum neeche. We have got a closing today below 15700 levels.
Downside targets 15555 / 15444 / 15150 / 14900 levels to be seen soon.
BANK NIFTY -
35200 KE UPPAR HUM UPPAR, 34800 KE NEECHE HUM NEECHE. We have got a closing today below 34800 levels.
Downside targets 34287 / 34000 / 33500 / 33000 to be seen soon.🙏
In my views global markets are showing a sign of some corrections, even our Indian market has tested a fresh all-time high in NIFTY.
NIFTY has less room on the upside & more space on downside levels.
BANK NIFTY is looking weak technically.
The only move will be seen on companies with good earnings next quarterly July month.
Stay tuned on Blogs,
For upcoming Intraday levels for 18th June.
-REGARDS-
Kirthee Bane
