Global Markets

US markets ended higher (Dow Jones: +146).

Dow future is trading lower (-84 points)

Asian markets are trading on positive note.

SGX Nifty: +52 points

Data Analysis

Cash Market F&O
FII : +1677cr Nifty PCR: 1.13 vs 0.92
DII : -203cr Highest OI (15-June-23):
Net : +1474cr 18900CE & 18700PE

The Nifty index is behaving sideways while maintaining respect for its 10-day moving average (DMA).
There is resistance close to the 18800 level, but no significant correction has been seen, suggesting the possibility of a bullish momentum.
While 18550 and 18450 are important support levels to keep an eye on, upside goals are located around 18888/19000.

The 20-day moving average (DMA) is being respected by the Banknifty index, which is showing a sideways pattern.
A breakthrough might push the index towards 45000 and above a significant resistance area between 44400 and 44500.
The next support level to watch is 44300 if the index goes below the 20-DMA.