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WEEK GONE BY

* Benchmark Index traded volatile before closing with 0.73% cut at 15683 level. Banking index underperformed the benchmark index as it closed with 1.40% cut at 34558 level

* Among the Nifty constituents, HINDUNILVR and HDFCLIFE closed with 4.92% and 3.90% gains respectively while ADANIPORT and COALINDIA lagged as they closed with 17.38% and 10% cut. Among the Bank nifty constituents, SBIN underperformed the Banking index as it closed with 3.89% cut

* Among sectors, FMCG and IT index performed better as they closed the week with 1.80% and 0.81% gains respectively while METAL and PSE index were the laggards as they closed with 6.62% and 4.48% cut

* Volatility index (India VIX) closed with 4.96% gain and closed at 14.80 level

* FII were net Buyers during the week as they bought equities worth 1061 Cr while DII were net sellers during the week as they sold equities worth 488 Cr respectively in cash segment

* Globally, Equity markets closed with sharp cut during the week as US market (DJIA) and European market (DAX) closed 3.45% and 1.56% lower, respectively.

Derivatives.

* Derivatives data for Nifty suggest max OI addition at 16000 call and 15000 put side with max OI at 16000 call and 15000 put (24 Jun expiry). Nifty cumulative PCR closed at 1.18 for Jun 18.

* Derivatives data for Banknifty suggest max OI addition at 34500 call and 32000 put with max OI at 35000 call and 34000 put (24 Jun expiry). Banknifty cumulative PCR closed at 0.80 for Jun 18.

TECHNICAL OUTLOOK

Nifty (Weekly)

* Benchmark index traded volatile and closed with Doji Candlestick formation.

* Nifty is likely to trade with mild negative bias in the coming week.

* Benchmark Index has support at 15450 - 15150 and resistance at 15800 - 16000 level

Banknifty (Weekly)

* Banking index traded with volatile price action and closed with Doji Candlestick formation.

* Banknifty is likely to trade with mild negative bias in the coming week. 

* Banking index has support at 33800 - 33300 and resistance at 35000 - 35500 level

Finnifty (Weekly)

* FINNIFTY index traded volatile and closed with Doji Candlestick formation.

* Index is likely to trade in line with the Banking Index for the coming week.

* FINNIFTY has support at 16000 - 15800 level and resistance at 16600 - 16800 level.

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