Asia markets slide further in early trading as wall street pauses market rally, Nik,31935/16/0.05% Dj,33665/92/0.27% Vix13.94.-0.1% US stock futures are little changed on wednesday night as rally hesitates,
Oil,72.55,rise as saudi output cut outweigh weak demand outlook, Gold,1960, slide 1% as bond yield tick higher on fed, Bonds,3.793,rise as investors look toward fed’s next meeting, Dollar,edges up against yen, as investors wait on inflation data,Fed, BC 26457/-508/-1.9%
Nifty:18276.4/127.4/0.68%;Candle:OGU,Short day green; Bank Nifty:44275.3/110.75/0.25% Candle:OGU,Doji ; HB:OF,Doji,1612,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long50%FutCash;1383;Opt104%
OI data Nifty ( max pain W18700M)
OI data Bank Nifty Nifty(max pain W M)
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 12 points on Thursday. SGX futures stood at 18,823. IKIO Lighting IPO subscribed 6.83 times on Day 2 of bidding, LIC increases stake in Tech Mahindra to 8.88%, RBI’s MPC will announce its decision on policy rate today
Events/Results:The National Stock Exchange has retained Indiabulls Housing Finance, India Cements and Manappuram Finance to its F&O ban list for June 8.
Market wrap up(DWM,T,N,E):The market has seen a gap-up opening and remained in the positive terrain throughout the session on June 7, as buying interest was seen across sectors. Traders also seem positive ahead of the interest rate decision by the Reserve Bank of India’s Monetary Policy Committee scheduled for June 8. The benchmark indices closed at the highest level of 2023. The BSE Sensex jumped 350 points to 63,143, while the Nifty50 rose 127 points to 18,726 and formed a bullish candlestick pattern on the daily charts, making higher high and higher low formation. “This indicates an attempt at an upside breakout of minor range movement. The Nifty formed a new swing high of 18,738 levels on Wednesday,” the Nifty is all set to move into all-time highs (above the high of 18,887 on December 1, 2022) in the short term and that could possibly open sharp upside momentum for the market ahead. Immediate supports to be watched are at 18,650 levels and the immediate resistance is around 18,900 levels for the short term, The Nifty Midcap 100 and Smallcap 100 indices maintained the upward journey, rising over a percent each on positive market breadth.
