POST MARKET REVIEW -
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TODAY'S INTRADAY PERFORMANCE -
HCLTECH made a day high @ 944 & low @ 936, stock didn't move much.Bulls are still holding stock for an upper move in the upcoming days. Bearishness gets activated below 930 levels in the upcoming week.
AXIS BANK made a high @ 759 in morning openings, selling pressure was seen in all banks after RBI monetary policy announcements. Made a day low of 740. Axis bank looks bullish in June month with upper targets 800.
NIFTY -
1) Today's market opened a gap up @ 15715.
2) NIFTY made once more all-time high @ 15733.
3) NIFTY couldn't sustain all-time high levels today.
4) Today was an event day, RBI MONETARY POLICY announcement by RBI governor SHAKTHIKANTA DAS.
5) Markets reacted negatively to the RBI announcement.
6) In the market selling pressure was seen, with the momentum loss for the upside.
7) All sectors were under selling pressure.
8) ADANI ENTERPRISES & HDFC LTD holded NIFTY today on upper levels.
9) NIFTY defended 15600 levels to hold.
10) NIFTY selling pressure was seen in a price action downwards.
11) AUTO SECTOR only HERO MOTO was holded on the upper side.
12) PHARMA SECTOR had a selling pressure.
13) Heavy selling was seen in FMCG SECTOR.
14) IT SECTOR we're under selling pressure, but USDINR was stable.
15) METAL SECTOR stocks recovered in 2nd half session.
16) NIFTY faced a strong resistance @ 15696 & 15666 in intraday session.
17) NIFTY will be bullish only above all-time high 15733 levels.
18) NIFTY accumulation zone for the upcoming week will be between 15380 - 15450 zone.
19) If NIFTY holds to open above 15700 on Monday, June 7th. One new all-time high can be seen.
20) A loss of upper momentum will be seen only below 15300 levels.
21) Today we can look for US JOBS DATA in the evening, which is a global event announcement. That can affect our Indian market on Monday.
22) Today NIFTY calls & puts were @ the higher rates with low movements.
23) NIFTY opened @ 15715, made a day high @ 15733 with a day low @ 15622 & took a closing above 15650.
BANK NIFTY -
1) BANK NIFTY had a flat opening @ 35657.
2) BANK NIFTY made a high of 35810 in the morning session.
3) BANK NIFTY had a selling pressure today.
4) BANK NIFTY reacted negatively to the RBI policy announcement.
5) BANKS were under selling pressure today, except HDFC LTD.
6) HDFC LTD holded itself on range-bound.
7) KOTAK BANK had a selling pressure hole day, some recovery has seen the last market closing.
8) AXIS BANK made a good high in the opening but good selling was seen, still, AXIS BANK looks technically bullish & is ready to make a new all-time high in JUNE MONTH.
9) BANK NIFTY selling pressure was with a price action fall today.
10) BANK NIFTY took strong support @ 35200 levels.
11) BANK NIFTY faced resistance @ 35400 levels in the intraday session.
13) BANK NIFTY had lost momentum for the upper side today.
14) BANK NIFTY struggled & technically gave closing above the trend breakout.
15) BANK NIFTY looks bullish for the upcoming week.
16) RBI Leaves Reverse Repo Rate Unchanged At 3.35%.
17) MSF Rate & Bank Rate Kept Unchanged At 4.25% Each.
18) RBI KEEPS THE REPO RATE UNCHANGED AT 4%.
19) BANK NIFTY but too had a selling pressure today.
20) Today PNB Housing Locked in 10% upper circuit today.
21) Today had less volatility in calls & put options.
22) BANK NIFTY accumulation zone for the upcoming week will be between 35000 - 35200.
23) BANK NIFTY opened @ 35657, made a day high @ 35810 with a day low @ 35176 & took a closing above 35300.
The US JOB data output on today evening will play sentiments on market in the upcoming week.
Stay tuned on Blogs,
For upcoming weekly index analysis.
