Global Markets

The Dow Jones concluded the day up 212 points.

The price of Dow futures is falling.

Asian markets are now trading positively.

+55 points for the SGX Nifty

Data Analysis

Cash Market                                F&O

FII : +2024cr                                                               Nifty PCR: 1.21 vs 0.93

DII : -1991cr                                                                 Highest OI (28-June-23):

Net : +32cr                                                                    18900CE & 18700PE

Technical Outlook

Nifty (Spot)

• Nifty experienced a significant upswing from the 18660–18550 demand area.
• A new record high is now likely above 18888, with 19000 possibly standing in the way right away.
• 18800–18750 will function as an urgent demand zone on the downside.

Bank Nifty (Spot)

• Banknifty experienced a clever reversal from the 50-DMA and ended the day above the 20-DMA.
• The first resistance zone will be between 44444 and 44500, while the following target zone will be between 44750 and 44800.
• 44000-43900 will function as an urgent demand zone on the downside.