Nifty:24853.4/-93.1/-0.37%;Candle:Short day red; Bank Nifty:55714.15/-230.75/-0.41% Candle:Short day red ; HB:Short day red
Analysis Trend(5Day):Nifty: ; BNF: , HB: ;RL;Long day red ;Iny:Short day green ;SenX; Short day red;
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty (max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Birlasoft, Central Depository Services, Chambal Fertilisers and Chemicals, HUDCO, Indian Renewable Energy Development Agency (IREDA), Manappuram Finance, RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 closed a rangebound session with a loss of 93 points on June 17, tracking nervousness in global peers due to the Iran-Israel conflict. The formation of higher highs and higher lows continued for another session, with the index gyrating around the short-term moving averages (10-day and 20-day EMAs). According to experts, the index is expected to consolidate further, with support at 24,700 (Monday’s low) and resistance at 25,000 in the short term. A breakdown below the support could drag the index down to 24,500 (a crucial support level), whereas sustaining above 25,000 may open the doors for a move toward 25,200. The Nifty 50 formed a bearish candlestick resembling a Bearish Belt Hold pattern (though not a classical one) on the daily charts, signaling some weakness. The index managed to defend the 20-day EMA and the midline of the Bollinger Bands on a closing basis, albeit with low volume. Meanwhile, the MACD remained in a negative crossover with a weakening histogram, and the RSI, at 53.26, tilted downward with a negative crossover.
