TRADING CALLS
- Achiievers Equites Ltd
- Aiwin Commodity Borker Pvt Ltd
- Angel One
- Arihant Capital Markets Ltd
- Axis Securities
- Chirag Singhvi
- Choice International Ltd
- Elite Wealth Advisors Ltd
- Emkay Global Financial Services Ltd
- Geojit Financial Services Ltd.
- GEPL Capital
- Green India Commodities
- HDFC Securities
- Hem Securities Ltd
- ICICI Direct
- ICICI Securities
- InvestmentGuruIndia.com
- Jainam Share Consultants Pvt Ltd
- Karvy Currency Derivatives
- Kedia Commodities
- KIFS Trade Capital
- LKP Securities
- Maitra Commodities Pvt. Ltd.
- Mansukh Securities & Finance Ltd
- Monarch Networth Capital Limited
- Motilal Oswal Financial Services Ltd
- Nirmal Bang Securities Pvt Ltd
- Reliance Securities
- Religare Broking Limited
- Sky commodities Pvt Ltd
- SPA Securities Ltd
- Sushil finance
- Swastika Investmart Ltd
- Tradebulls Securities (P) Ltd
- Ventura Securities Ltd
Mansukh Securities & Finance Ltd
Published on 01-06-2026 11:59 am
INDEX OPTION: BUY BANK NIFTY 54000 PUT ABOVE 1038.75 SL BELOW 930 TGT 1075-1120-1165.30 JUNE
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ICICI Direct
Published on 01-06-2026 10:35 am
Intraday Rational:
* Trend- Index has been consolidating in 55000-52800 over past three weeks
* Levels- Buy around 80% retracement of current upmove
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ICICI Direct
Published on 01-06-2026 10:35 am
Technical Outlook:
* After witnessing a gap-up opening index has taken a breather for next three days and filled the Mondays gap area (54213-54590). The weekly price action resulted into small bear candle with upper shadow, indicating profit booking at higher levels.
* Key point to highlight is that, despite minor profit booking from 61.8% retracement of current decline (57456-52780), index maintained higher high higher low formation on weekly chart. Going ahead, we expect index to form a higher base and gradually head towards 56500 being 80% retracement of recent decline
* Amidst ongoing consolidation, we retain support base placed at 53800 being 61.8% retracement of current rally (52780-55405)
* Nifty PSU Bank relatively outperformed the banking space and closed above its 52-week EMA. We expect Index to hold immediate support of 7800 levels and gradually head towards 8600 levels being 61.8% retracement of current decline(9095-7800)
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ICICI Direct
Published on 01-06-2026 10:34 am
Technical Outlook
Week that was:
Bank Nifty Index ended the week 0.5% positive at 54239 on back of mixed global cues. Nifty PSU Bank relatively outperformed gaining 2.3%.
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ICICI Direct
Published on 01-06-2026 10:34 am
Intraday Rational
* Trend – Prolongation of consolidation in 23800-23200 range over third consecutive week
* Levels - Buy around 80% retracement of current u pmove 23386-24120
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