Nik, Dj,34299/-109/-0.32% Vix13.54/-6.6% S&P500 breaks 6 day winning streak on friday, but notches best week since March
Oil,71.44, gains for the week as supply cut balance demand concerns, Gold, wobbles as traders juggle hawkish fed , weaker dollar, Bonds,3.767/ 2 year treasury yield climbs, as investors assess interest rate outlook, Dollar, yens saggs to 15 year low vs euro,after BOJ rate decision, BC26466/99/0.37%
Nifty:18826/137.9/0.74%;Candle:OGU.Long day green; Bank Nifty: 43938.15/494.55/1.14% Candle:OGU,Long day green ; HB:OGU.Long day green,1603
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 6 points on Monday. SGX futures stood at 18,900. Direct tax collections at Rs 3.8 lakh crore, up 11.2% so far in FY24, Sebi calls for urgent action against Zee Entertainment promoters in its reply to SAT, Primary Market Action | 4 IPOs to hit Dalal Street this week
Events/Results:The National Stock Exchange has retained Delta Corp, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, L&T Finance Holdings, Manappuram Finance, Tata Chemicals, and Zee Entertainment Enterprises to its F&O ban list for June 19.
Market wrap up(DWM,T,N,E):The market saw a historic closing high on June 16, with a decisive breakout of downward sloping resistance trendline adjoining highs of December 1 last year (previous record high) and June 8 this year and formed bullish candlestick pattern on the daily charts. “A long positive candle was formed on the daily chart with minor upper shadow. Technically, this pattern indicates an attempt of upside breakout of 18,800 levels and the Nifty is now set to zoom into new all-time highs above 18,887 levels, Nifty, as per the weekly chart, also formed a long bull candle. It has surpassed the rangebound action of the last two weeks and closed higher. This is positive indication. the near term uptrend of Nifty remains intact and one may expect it to register new all-time highs in the coming week. The next upside target to be watched around 19,000-19,100 levels, while immediate support is at 18,700 levels, The broader markets also participated in the run, as the Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1 percent, respectively, on positive breadth, while India VIX, the fear index, fell by 2.16 percent from 11.08 levels, to 10.84, the lower closing level since December 27, 2019.
