Global Markets
US markets finished with a decline (Dow Jones -102)
Dow futures are now trading flat
The Asian markets are trading in a choppy manner
Nifty: -40 points on the SGX
Data Analysis
Cash Market F&O
FII : +4013cr Nifty PCR: 1.18 vs 1.16
DII : +550cr Highest OI (22-June-23):
Net : +4563cr 19000CE & 18700PE
Technical Outlook
Nifty (Spot)
- The Nifty is regaining strength close to its record high of 18888
- A zone of direct assistance spans 18700–18660
- Only below the 18660 level is any profit booking anticipated
Bank Nifty (Spot)
- Banknifty nicely respected its 50-DMA; yet, the area between 44000 and 44200 is a crucial supply zone.
- We can see a short-covering surge above 44200.
- On the downside, a demand zone is located between 43500 and 43300.