2021-06-28 04:43:42
Morning Update June 28, 2021
*Global Market*
DowJones: 34434 (+237)
NASDAQ: 14360 (-9)
FTSE 100: 7136 (+26)
DAX: 15608 (+19)
HangSeng: 29288 (+406)
Nikkei: 29066 (+191)
SGX: 15861 (-10)
Crudeoil: $74.21
Brent Crude: $76.36
Gold: $1781.23
*Nifty*
On daily scale nifty continue to hold initial support i.e. 20 EMA which is currently situated around 15,650 levels. On weekly scale nifty has given muted performance as it gained by ~1%. For most part of trading sessions index hovered in small range of 15,670-15,870 levels which is ~200 points. Index continues to feel heat around 15,900 levels, until that is not breached index may continue to trade in small range of 200 points. A breach of resistance will ensure resumption of bullish momentum towards 16,000 levels.
*BankNifty*
Bank nifty outperformed nifty, as index gained by ~2% comparing to 1% for the week. Index continue to hold its major structure of higher high, higher low formation. It has performed two major resistance breakout, first resistance was a falling trendline and other was horizontal resistance which was around 35,320. 35,280 would be acting as an initial support level. Index needs to move above 35,500 levels to resume its journey towards 35,800 levels and above that it may continue to move 36,480 level
By @GearUp_Next
813 viewsGearUp_Next, 01:43
T
