Nik, Dj,33727/-219/-0.65% Vix13.4/ 4%, US stocks tumble on friday ,Nadaq snaps 8 week winning streak,
Oil,69.5,dips on demand worries as more rate hikes likely, Gold,1930.3, notches worst week since February, Bonds,3.737, yields decline as investors digest Fed official comments, Dollar, higher on safety bid as data spurs growth worries, BC 30886/224/0.73%
Nifty:18665.5/-105.75/-0.56%;Candle:OGD,Short day red; Bank Nifty:43622.9/-101.95/-0.23% Candle:OGD,Doji ; HB:OF.Hammer,1645,
Events/Results:The National Stock Exchange has added Hindustan Aeronautics to its F&O ban list for June 26 and retained Hindustan Copper, L&T Finance Holdings, Punjab National Bank, and RBL Bank on the list.
Market wrap up(DWM,T,N,E):The market continued its southward journey for yet another session on June 23, falling around half a percent, but took a support at 18,650 on the Nifty50, which is near its 21-day EMA (18,631). Hence, if the said support gets broken then it can see correction up to 18,500-18,450 levels, while the resistance remains at 18,700-18,800 levels, The weakness in global counterparts and correction in most of key sectors weighed down the market. The BSE Sensex fell 260 points to 62,979, while the Nifty50 declined 106 points to 18,666 and formed bearish candlestick pattern on the daily scale, while there was Double Top kind of pattern formation on the hourly charts and Dark Cloud Cover candlestick pattern on the weekly timeframe, which is broadly negative.”For traders, 18,650 would act as a sacrosanct support level. If the index trades above the same then it could retest the level of 18,880 and move up to 19,000. Below the 18,650, the market could slip till 18,500-18,450,” Additionally, the relative strength index (RSI) indicates negative divergence, indicating a weakening bullish momentum. If the index breaks below 18,500, it could potentially drop towards 18,200, The broader markets also corrected for second straight session, with the Nifty Midcap 100 and Smallcap 100 indices declining over 1 percent each on weak breadth.
