Global Markets
US markets ended higher (Dow Jones: +428).
Dow future is trading lower (-45 points)
Asian markets are trading on mixed note.
SGX Nifty: +42 points
Data Analysis
Cash Market F&O
FII : +3086cr Nifty PCR: 1.13 vs 1.13
DII : -298cr Highest OI (15-June-23):
Net : +2788cr 18800CE & 18700PE
Technical Outlook
Nifty (Spot)
- 18660 is a crucial support level for Nifty, which is still in a phase of consolidation.
- We might anticipate some pullback towards 18550- 18450 levels if 18660 drops.
- On the upside, 18770 represents a short-term obstacle, while 18888 represents the main barrier.
Bank Nifty (Spot)
- The performance of Banknifty is poor, and it has fallen below its 20-DMA.
- A bounceback is anticipated between the demand range of 43400 to 4320.
- The first obstacle on the upswing will be 43700, and the second resistance area is between 44000 and 44200.