Global Markets

US stock markets finished in the red (Dow Jones: -108)

The Dow future is currently down by 75 points

The Asian markets are trading in a choppy manner

SGX Nifty: up five points

Data Analysis

Cash Market                                               F&O

FII : +795cr                                                            Nifty PCR: 1.29 vs 1.13

DII : +681cr                                                           Highest OI (22-June-23):

Net : +1476cr                                                        19000CE & 18700PE

Technical Outlook

Nifty (Spot)

• The Nifty is still moving in a bullish direction and is probably going to test its record high of 18888.
• However, the supply zone for profit booking might be between 18900 and 19000.
• The first support level is 18780, while the second support level is 18660.

Bank Nifty (Spot)

• Banknifty recovered from the 43400 level of support
• The first area of resistance is between 44000 and 44200; 44444 is the next obstacle above this.
• A degree of immediate support is 43700