Equity (Nifty50) Technical Report (20 - 24 June)

NIFTY 50 8170.20 (0.15)↑(0.002%)

This week market open with negative. The Nifty fell more than 1% and nifty tumbled below its critical level of 8050 on Monday. On Tuesday, see-saw moment was there in the market. Nifty swung between gains and losses and ended the trade on a flat note. The nifty closed with a loss of mere two points at 8109. On Wednesday, bulls are back the nifty 8200 mark; the nifty snapped a four-day losing streak after the union cabinet approved new civil aviation policy and merger of five associates with SBI amid firm Asian market. On Thursday, after taking a breather in the previous session, the bear was back. Weakness was seen in Asian indices after the bank of Japan and the US Federal Reserve decides to keep interest rate hold weighed on the domestic bourses. The nifty ended below 8150 mark tracking negative trends seen in global markets. On Friday, nifty jumped above 8150 market. The nifty closes with gain 29 points at 8170. The Nifty50 (spot) opened the week at 8102.25, made a high of 8213.20 low of 8063.9 and closed the week at 8170.20. Thus the Nifty closed the week with a gaining of 0.15 points or 0.002%.

Formations
•The 20 days EMA are placed at 8147.40
•The 5 days EMA are placed at 8122.53


Weekly Pivot Levels for Nifty 50 Stocks

Weekly Top Gainers Stocks

Weekly Top Losers Stocks

Weekly FII’S Statistics*

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS

MOST ACTIVE BANK NIFTY CALLS & PUTS

Weekly Recommendations

* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores)

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