Published on 29/06/2017 11:07:57 AM
* Nifty traded in an inside range withholding the support levels and saw strong rollover across sectors and stocks. Nifty closed down by 20 points at 9,491 levels. Among the nifty stocks 28 stocks advanced and 23 declined during the day.
* Sectorally it was a mixed bag with Metals, Realty and IT services to gain by 1.6%, 0.8% and 0.6% respectively while Media and FMCG declined by 0.8% for the day. f Broader market indices remained flat with NIFTY 100,200 and 500 to close down by 0.1% average while midcap indices and small cap indices gained by 0.5% and 0.4% respectively.
* Nifty June futures ends with 5 points premium at 9,496 mark, while on other hand, Bank Nifty June futures ended with the premium of 4 points at 23,240 mark.
* Nifty has ended near the previous expiry close as well as near the months low, we believe there could be sharp bout of volatility, on the higher side it would face resistance near 9,580 levels while strong support exists at 9450. Among sectors PSU banks and Pharma would be key to watch from current levels.
Sectoral Activity: Amongst sectoral index, Metals and Aviation remained in focus with positive momentum.
Stock Activity: Jsw Steel and Indigo observed build up in long position.
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