Last close: 15696.70
Indian equity market broken its four week winning streak this week and settled marginal losses
Global cues was triggered bullish sentiment on last week
The Nifty50 fell 116 points or 0.73% to end at 15684 while the Sensex was shed 130 points to close at 52344
Fresh record high was Nifty at 15901 and Sensex at 52869
Midcap index fell more than 3%, Smallcap index shed 2%, Metal index dropped 6.5% and Realty, Psu bank index fell around 4% in the week ended 18th June 2021
FIIs bought Rs 1060 crore value of stocks while DIIs sold 488 crore in the last week
So far in June month FIIs bought Rs 5848 crore while DIIs sold 2293 crore
On last week many important date came-out likes CPI and WPI inflation which was rose to 6.3% and 12.94%. On global side FED signaled two rate hike before 2023
Oil prices went up-normally the followed news was not comfort for stock market
On last Friday US markets tumbled more than 1.5% and SGXNifty was ended down 180 points hence Monday morning market will be reacting as per global cues
Many states relaxed the lock-down restrictions
Petrol and Diesel prices rising sharply on every day which is triggering by inflation
On coming week some company will be declaring the earnings report Naukri, NMDC, Apollohosp, Ashokley and IGL
India has witnessed decline in the daily case count, On 19 June 60,753 fresh infections were reported along with 1647 deaths
The daily positivity rate was recorded at 3.22% it has been less than 5% for 13 consecutive days
AIIMS chief Dr Randeep Guleria said that, Third wave of Covid-19 could hit India in the next 6-8 weeks
NiftyFuture trend decider for June 4th week at 15800 and 15450
On coming week highly volatile will be expected due to June expiry
NiftyFuture was formed a hanging man type of pattern in daily chart and formed a small bodied bearish candle on weekly chart
Which was indicated caution trade on higher levels like resistance zone as well as not short at very lower levels
However, NiftyFuture is considering a weekly support 15450 which was indicated double bottom in past 15 days
If breaks and closes below 15450, expecting further weakness up to 15275 and 15100
On other hand, NF is facing a resistance 15775-15800 which last two day’s high
If sustains above 15800, easily will be breach 16000. But chances are very remote only
More live market update will be sent to my clients only
Send one “HAI” message to above whatsapp number. You will get market alert and pre-market report on your mobile
For free stock advice follow my telegram channel https://t.me/FlyingcallsArjun
Updated: 10.31 am / 20th June 2021
