POST MARKET REVIEW JUNE 1st

POST MARKET REVIEW -


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TODAY'S INTRADAY PERFORMANCE -

ADANI PORTS -
Adani port was a rocker of the day, Buying was @ 772, had a bombastic move in 2nd session. Made a high of 801, a rally of 29 points.
All to say today's market holder was ADANI PORTS.



LUPIN -
Lupin had a profit-booking today, Buying was from 1207, moved till 1213. with a gain of 7 points.

Indusind bank had moved sideways.





POST-MARKET REVIEWS -

NIFTY -

1) Today's had a mixed global cue, for the US market closed yesterday.

2) NIFTY had a gap up opening @ 15629.

3) NIFTY could not sustain @ upper levels 15660. Profit booking was seen till 1st trading session.

4) NIFTY gave a breakdown of 15555 levels.

5) MOTA BHAI ( Reliance ) had a good spike on the upside till 2202.

6) Profit booking was seen in RELIANCE, BANKING STOCKS, IT SECTOR & in AUTO SECTOR.

7) PHARMA SECTOR is getting ready for a correction on the downside in the upcoming days.

8) AURO PHARMA has got corrected 10% from its top 1063 levels.

9) LUPIN selling pressure was seen.

10) ADANI PORTS has a good selling seen from days high 777.

11) AUTO SECTOR we're  @ selling pressure from today's start session.

12) Only MARUTI is holding a balance in AUTO SECTOR.

13) FMCG SECTOR - HINDUNILVR was in an oversold zone, which rallied in today's market.

14) Today ITC result gave a spike till 219.

15) METAL SECTOR - had highest-selling today.

16) Today's NIFTY top will be trend deciding for JUNE month.

17) We can look to buy AURO PHARMA in the cash segment, the right time to enter with exit levels @ 1010/1051/1081 for JUNE MONTH.

18) Had a good volatile day.

19) NIFTY is on hold above 15500.

20) I have suggested earlier small pain will take place on expiry day 3rd June.

21) At the last closing session NIFTY tried to hold closing above 15555.





BANK NIFTY -

1) BANK NIFTY had a gap opening @ 35639, 

2) BANK NIFTY could not hold the 35700 resistance in the morning session.

3) BANK NIFTY had a huge profit-booking from 35700, 

4) Profit booking was done of 450 points on the downside.

6) Only HDFC sustained today.

7) Yesterday fresh buying was done in BANK NIFTY in closing 15 mins.

8) Today profit booking took place.

9) Today's top will trend deciding for JUNE month.

10) All BANK NIFTY stocks had a profit-booking today.

11) In the 2nd half BANK NIFTY had made a good price action for upside and moved 250 points on upside.

12) BANK NIFTY was facing a strong resistance 35555 levels, the selling occurred again from these levels.

13) BANK NIFTY had a volatile day today, 

14) Intraday margins affected the volatility today.

15) BANK NIFTY struggled hard to close above 35200 levels.

16) Don't carry any BTST for tomorrow BANK NIFTY.



Stay tuned on Blogs,
For upcoming intraday level JUNE 2nd.




-REGARDS-
Kirthee Bane

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