• ON WEEKLY BASIS, INDEX LOST CLOSE TO TWO PERCENT AND STILL HOVERING AROUND 200 EMA ON WEEKLY CHART. TECHNICALLY, 4750-4770 IS THE NEXT CRUCIAL SUPPORT ZONE AND BREAKDOWN BELOW THE SAME MAY TRIGGER FRESH SELLING PRESSURE OTHERWISE BROADER RANGE CONSOLIDATION WILL CONTINUE IN 4750-5000 LEVEL.
• STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
ASHOKLEY, CENTRALBNK & ITC
• STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
BHEL, BOMDYEING, DIVISLAB, HDFCBANK & TATAGLOBAL
• ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 376
DECLINE – 1093
• SECTORS PERFORMANCE
CAPITAL GOODS, POWER, AUTO AND OIL&GAS PIVOT WERE THE TOP LOSERS IN TODAY'S SESSION; DOWN BY 2.99%, 2.49%, 2.17% AND 2.11% RESPECTIVELY.
• GLOBAL MARKET UPDATE (*at 4:00 pm IST)
US MARKETS - NEGATIVE
EUROPEAN MARKETS - NEGATIVE
ASIAN MARKETS - MIXED
NIFTY INTRADAY LEVELS
Sup – 4810-4770
Res – 4885-4920
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Nifty Futures Outlook -
• Nifty future opened negative and traded with negative momentum throughout the day. Nifty future made a high of 4914, low of 4815 and it closed at 4824.
• Nifty spot closed at 4841.60 down by 82.65 points.
• Bank Nifty closed 9267.60 down by 173.40 points.
• CNX IT closed at 5902.75 down by 106.05
• Nifty June future closed with 17.05 point's discount.
• Nifty heavyweight stocks TATAMOTORS, RELIANCE, SBIN and LT witnessed short build-up.
• All major sectors contributed to nifty fall.
• Volatility India index VIX closed at 26.77 up by 6.01%.
• PCR (Volume) is at 1.01.
• Nifty June 4700 - 4800 Put strike witnessed long build-up.
• Nifty June 4800 - 4900 Call strike witnessed short build-up.
• Capital Goods sector was down by 3.5% as stocks ABB, BHEL, CROMPGREAV, LT, PRAJIND, PUNJLLOYD, SIEMENS and VOLTAS were down by 4.1%, 3.4%, 3.3%, 4.2%, 4.8%, 2.7%, 6.1% and 3.5% respectively.
• Finance sector was down by 2.8% as stocks BAJAJHLDNG, HDFC, IDFC, IFCI, LICHSGFIN and RELCAPITAL were down in the range of 2% to 4%.
• Technology sector was down by 3% as stocks EDUCOMP, HCLTECH, HEXAWARE, INFY, POLARIS, ROLTA, TCS, TECHM and WIPRO were down by 5.7%, 4.7%, 3.9%, 1.8%, 5.4%, 3.4%, 2.6%, 2.9% and 2.2% respectively.
• Banking, Capital Goods, Oil & Gas and Technology sector witnessed maximum OI action.
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