POST MARKET REVIEW JUNE 21st - 25th
Open your Zerodha Demat account here,
POST-MARKET REVIEWS -
NIFTY -
1) This week had events with the mixture in market
2) Had Jerome Powell chairman of US federal monetary policy board statement.
3) Had ACCENTURE results.
4) Had RELIANCE results & AGM meet.
5) NIFTY had a week's opening @ 15525 levels.
6) NIFTY made a weeks low @ 15505 levels.
7) NIFTY got rejected @ 15800 levels many times.
8) NIFTY 15800 levels was broken on 25th June.
9) NIFTY made weeks high @ 15870 levels.
10) AUTO SECTOR stock MARUTI was a rocker of the week, rallied above 10% upside.
Amaraja batteries & Exide slow down after RELIANCE AGM announcement.
11) ENERGY SECTOR side down on weeks end of the day.
12) FMCG SECTOR rallied on the upside at the beginning of the week & slides down on weeks closing.
JUBILANT FOODS is on correction mode.
UBL opened with a good 10% up space but couldn't sustain upside.
13) INFRA SECTOR had a blasting up move on weeks opening days, but again profit booking was seen in weeks closing days.
14) IT SECTOR was a player of the week, had seen strong upmove after ACCENTURE results in the US.
INFOSYS made a rocking & surprise 10% upmove this week.
TCS made a 5% upside move from its weekly low.
HCLTECH / TECH MAHINDRA / WIPRO & MINDTREE made above 5% upmove.
15) MEDIA SECTOR was trading in a range-bound.
16) METAL SECTOR has made a good retrace move on the upside.
JSW STEEL & TATA STEEL had given a surprise upmove on the upside.
APL APOLLO TUBES LTD is trading in a range-bound.
17)REALITY SECTOR had given a spike on the upside on week start day & trading in a range-bound.
18) PHARMA SECTOR has corrected presently and in the oversold zone.
19) NIFTY looks bullish for the short term.
20) NIFTY holds to have weeks closing above 15840 levels. As said 15720 ke uppar, hum uppar.
BANK NIFTY -
1) BANK NIFTY had a weekly opening @ 34388levels, made weeks high @ 35377 & made a low till 35491 levels, had weeks closing above 35300 levels.
2) BANK NIFTY had multiple times rejection @ 34800 levels.
3) PSU SECTOR & FINANCIAL SECTOR made a good upside rally upside from weeks low.
4) All PSU bank made an upside rally above 10% this week.
5) SBI made 7% really from its low this week.
6) AXIS BANK 7% / BANDAN BANK 8% / HDDC BANK 4% / ICICI BANK 5% / INDUSIND BANK 4% / RBL BANK 6% made a good upside rally from it's week low.
7) KOTAK BANK is still trading in a range-bound. And even move some more downside levels.
8) BANK NIFTY looks bullish for the short term, we had a closing of 35200 ke uppar. Hum uppar.
IF WE LOOK @ NIFTY IT LOOKS EVEN AS DOUBLE TOP MAKING.
Stay tuned on Blogs,
For upcoming weekly indices analysis & Intraday levels 28th June.
-REGARDS-
Kirthee Bane
