IGI Logo

WEEK GONE BY

* Benchmark Index traded volatile before closing with 1.13% gain at 15860 level. Banking index outperformed the benchmark index as it closed with 2.34% gain at 35365 level

* Among the Nifty constituents, MARUTI and INFY closed with 9.92% and 4.72% gains respectively while RELIANCE and HINDUNILVR lagged as they closed with 5.48% and 1.37% cut. Among the Bank nifty constituents, HDFCBANK outperformed the Banking index and closed with 2.36% gain

* Among sectors, PSU BANK and IT index performed better as they closed the week with 5.38% and 2.69% gains respectively while ENERGY and FMCG index were the laggards as they closed with 1% and 0.77% cut

* Volatility index (India VIX) closed with 9.66% cut as it closed at 13.37 level

* FII were net sellers as they sold equities worth 2686 Cr while DII were net buyers during the week as they bought equities worth 4729 Cr respectively in cash segment

* Globally, Equity markets closed with gains during the week as US market (DJIA) and European market (DAX) closed 3.44% and 1.03% higher, respectively.

Derivatives.

* Derivatives data for Nifty suggest max OI addition at 16400 call and 15000 put side with max OI at 16000 call and 15000 put (01 Jul expiry). Nifty cumulative PCR closed at 1.20 for Jun 25.

* Derivatives data for Banknifty suggest max OI addition at 36000 call and 35000 put with max OI at 36000 call and 35000 put (01 Jul expiry). Banknifty cumulative PCR closed at 1.08 for Jun 25.

TECHNICAL OUTLOOK

Nifty (Weekly)

* Benchmark index traded volatile before closing with Bullish Candlestick formation.

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

* Benchmark Index has support at 15650 - 15450 and resistance at 16100 - 16300 level

Banknifty (Weekly)

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

* Index is likely to trade with mild positive bias in the coming week.

* Bank nifty has support at 34900 - 34500 and resistance at 36000 - 36500 level

Finnifty (Weekly)

* FINNIFTY index traded volatile and closed with Bullish Engulfing Candlestick formation.

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

*  FINNIFTY has support at 16500 - 16300 level and resistance at 17000 - 17300 level.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime