• Classes(1st-5th)
    • Kindergarten
    • Class 1ST
    • Class 2ND
    • Class 3RD
    • Class 4TH
    • Class 5TH
  • Classes(6th-8th)
    • Class 6TH
    • Class 7TH
    • Class 8TH
  • Classes(9th,10th)
    • Class 9TH
    • Class 10TH
  • Classes(11th,12th)
    • Class 11th
      • Science Stream
      • Arts Stream
      • Commerce Stream
    • Class 12th
      • Science Stream
      • Arts Stream
      • Commerce Stream
  • Under Graduate
  • Post Graduate
  • Competitive Exams
  • Religious Sciences
    • Noorani Qaida
  • Computer Science
    • MACHINE LEARNING
    • Python
  • Blogs
  • Forums
  • Contact Us
Have any question?
+918825063816
admin@educasheer.com
RegisterLogin
eduCasheer
    • Classes(1st-5th)
      • Kindergarten
      • Class 1ST
      • Class 2ND
      • Class 3RD
      • Class 4TH
      • Class 5TH
    • Classes(6th-8th)
      • Class 6TH
      • Class 7TH
      • Class 8TH
    • Classes(9th,10th)
      • Class 9TH
      • Class 10TH
    • Classes(11th,12th)
      • Class 11th
        • Science Stream
        • Arts Stream
        • Commerce Stream
      • Class 12th
        • Science Stream
        • Arts Stream
        • Commerce Stream
    • Under Graduate
    • Post Graduate
    • Competitive Exams
    • Religious Sciences
      • Noorani Qaida
    • Computer Science
      • MACHINE LEARNING
      • Python
    • Blogs
    • Forums
    • Contact Us

    Market Insights

    • Home
    • Blog
    • Market Insights
    • MARKET OUTLOOK FOR 22nd JUNE 2021

    MARKET OUTLOOK FOR 22nd JUNE 2021

    • Posted by admin
    • Categories Market Insights
    • Date June 21, 2021
    • Comments 0 comment

    TODAY’S MARKET SNAPSHOT:

     NIFTYBANKNIFTY
    OPEN15525.8534109.45
    HIGH15765.1534927.65
    LOW15505.6533937.50
    CLOSE15746.5034871.30
    PREVIOUS CLOSE15683.3534558
    SUPPORT1550034400
    RESISTANCE1580035200
    VIEWSELL ON RISESELL ON RISE

    Today both nifty & bank nifty opened lower but showed recovery in the very first 15 minutes of trade. The recovery continued throughout the trading session and finally both indices closed positive, well above their psychological levels. Heavy Buying was seen in PSU banks, reality & energy stocks while as IT and Auto were major laggards in today’s trading session. Today’s bounce is majorly attributed to the short covering by market participants.

    Tomorrow the short covering may continue till nifty hits 15850 and bank nifty 35200 where fresh shorts can be initiated keeping a strict stoploss at 15870 & 35300 respectively. Overall market sentiment is currently favoring the bears. If nifty crosses 15870 and remains above it for 15 minutes, go long for a target of 16050 keeping a strict stoploss at 15840. Similarly, if bank nifty crosses 35300 tomorrow and remains above it for 15 minutes, initiate long positions for a target of 36000 keeping a strict stoploss at 35230.

    Today the advance-decline ratio favored bulls in the ratio of 2:1.

    FII & DII TRADING ACTIVITY (IN Rs CRORES)

     FIIDII
    CM-1244.71+138.09
    IDXFUT-478.45 
    IDXOPT+1733.94 
    STKFUT+74.03 
    STKOPT+451.08 

    TODAY’S TOP FIVE GAINERS AND LOSERS (NIFTY)

    SYMBOLLTP%CHNGVOLUME
    SYMBOLLTP%CHNGVOLUME
    ADANIPORTS730.005.135,17,59,617
    NTPC118.053.963,45,97,018
    TITAN1,742.001.799,25,811
    SBIN419.101.503,31,28,978
    BAJAJFINSV12,161.151.352,94,853
    UPL772.60-4.381,03,19,132
    WIPRO543.40-1.1653,90,821
    TATAMOTORS334.00-1.012,91,23,887
    MARUTI6,890.10-1.004,43,795
    TECHM1,061.80-0.8310,74,790

    ANALYSIS OF TODAY’S DERIVATIVE DATA for 24th June Expiry

    1. NIFTY

    Today’s option chain data suggests that strong resistance for nifty exists at 16000followed by 15800 and 15900 levels while as strong support exists at 15500 followed by 15600& 15400levels. Heavy call writing was seen at 16000followed by 15900 while as put writing was seen at 15600 and 15500 levels. The derivative data is currently suggesting that nifty will face strong selling near 15800 levels while as buying will be visible near 15500 levels.

    • Bank Nifty

    Today’s option data on bank nifty is mixed as no major additions are seen on both calls as wells as puts. In fact the option data suggests possible target of 35300 in next trading session while as strong resistance is visible at 35500.

    MAXIMUM PAIN OPTIONS FOR 24TH JUNE EXPIRY

    NIFTY16000
    BANK NIFTY35500

    Sectors to watch out for tomorrow

    1. Nifty PSU BANK (UP)
    2. Nifty Reality (UP)
    3. Nifty Auto (Down)

    Stocks to watch out for tomorrow:

    1. Adani Ports (Sell)
    2. Max Financial (BUY)

    For exact entry and exit levels, you can mail me at investor0007@hotmail.com

    • Share:
    author avatar
    admin

    Previous post

    Few Words about Founder of EduCasheer
    June 21, 2021

    Next post

    MARKET OUTLOOK FOR 23rd JUNE 2021
    June 22, 2021

    You may also like

    edu (2)
    MARKET OUTLOOK FOR 27th August 2021
    27 August, 2021
    edu (2)
    MARKET OUTLOOK FOR 26th August 2021
    26 August, 2021
    edu (2)
    MARKET OUTLOOK FOR 25th August 2021
    24 August, 2021

    Leave A Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Search

    Categories

    • Exams
    • Founder Of Educasheer
    • IISc Blogs
    • Machine Learning
    • Market Insights
    • Our Motive
    • Tech Blogs
    • Uncategorized
    Python – Beginner to Advance

    Python – Beginner to Advance

    Free
    Learn to read and write English language-taught in kashmiri

    Learn to read and write English language-taught in kashmiri

    Free
    Arabic Course in Kashmiri-Learn to read Quran(Noorani-Qaida)

    Arabic Course in Kashmiri-Learn to read Quran(Noorani-Qaida)

    Free

    ©2021 eduCasheer.com

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now