Oil, Gold, Bonds, Dollar, weaker after data burst, euro rises on ECB comment, BC30531/305/1%
Nifty:18817.4/126.2/0.68%;Candle:OGU<Short day green,; Bank Nifty:44125.5/480.45/1.1% Candle:OGU.Long day green, ; HB:OGD,Short day green,1659,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain W18800M)
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 60 points on Wednesday. SGX futures stood at 18,869 points. US considering new restrictions on AI chip exports to China, HDFC says July 13 delisting date is ‘tentative’, ED arrests real estate firm Supertech’s chairman R K Arora in money-laundering case,
Events/Results:The National Stock Exchange has added L&T Finance Holdings and Manappuram Finance to its F&O ban list for June 28.
Market wrap up(DWM,T,N,E):Bulls gained strength, taking the Nifty50 back above the 18,800 mark on June 27 ahead of its monthly futures and options contracts expiry on June 28. Banking and financial services, technology and metal stocks led the rally. The BSE Sensex jumped 446 points to 63,416, while the Nifty50 rose 126 points to 18,817 and formed a bullish candlestick pattern on the daily scale after a Doji pattern formation in the previous session. “After the formation of Doji type candle pattern on Monday, the Nifty bouncing back decently on Tuesday could be an indication of a short-term upside reversal,” The Nifty has taken support from the 20-day EMA (exponential moving average) at 18,650 levels and showed an upside bounce from the higher bottom. “The said moving average has been offering support for the Nifty in the past and resulted in a sustainable upside bounce from the supports,” Hence, one may expect further upmove and the Nifty to retest the crucial overhead resistance of 18,900 levels in the short term, while immediate support is at 18,650 levels, The market breadth was also positive, helping the broader markets end with around half a percent gains, while India VIX, the fear index, closed at the three-and-half-year low of 10.78, down 5.41 percent.
