MARKET OUTLOOK FOR 25TH JUNE 2021

TODAY’S MARKET SNAPSHOT:

	NIFTY	BANKNIFTY
OPEN	15737.30	34687.70
HIGH	15821.40	34935.30
LOW	15702.70	34592.35
CLOSE	15790.45	34827
PREVIOUS CLOSE	15686.95	34574
SUPPORT	15680	34500
RESISTANCE	15840	35000
VIEW	SELL	SELL

1. Nifty:

Today Nifty opened higher and continued upward momentum throughout the trading session. As already predicted, the nifty closed the monthly expiry below 15800. IT, Service Sector & private banks witnessed buying interest while selling was visible in PSU banks, Energy and media stocks.

Tomorrow the nifty is expected to continue its upward movement but may face stiff resistance near 15850 levels. If nifty spot holds 15850 for half an hour, go long on nifty futures for a possible target of 16000 in next 2-3 trading sessions. On the downside, if nifty breaks 15700 levels, then initiate short positions for a possible target of 15400 in next 3-4 sessions. Overall nifty looks mildly positive on daily charts.

The advance decline ration stood in the favor of bears today in the ratio of 1.5:1

• Bank Nifty:

Bank nifty opened higher today and continued its upward journey throughout the trading session. Private Banks witnessed buying while as PSU banks witnessed selling pressure in today’s trading session.

Tomorrow the bank nifty is expected to go in the southward direction. If bank nifty breaks 34500 tomorrow remains below it for 15 minutes, initiate short positions on bank nifty futures for a possible target of 34100. On the upside, if bank nifty holds 34950, then initiate long positions for a possible target of 35400 in next 2-3 sessions. Overall bank nifty looks negative on daily charts.

FII & DII TRADING ACTIVITY (IN Rs CRORES)

	FII	DII
CM	-2,890.94	1,138.76
IDXFUT	+1,779.94
IDXOPT	-8,811.48
STKFUT	-23.30
STKOPT	+1391.86

TODAY’S TOP FIVE GAINERS AND LOSERS (NIFTY)

Symbol	LTP	%Chng	Volume
INFY	1,556.10	3.52	1,07,85,137
TCS	3,370.00	3.33	41,55,204
JSWSTEEL	680.50	2.25	69,85,183
TECHM	1,080.00	2.23	36,17,010
LT	1,510.00	2.08	27,62,042
RELIANCE	2,147.80	-2.61	4,22,09,687
IOC	111.45	-1.28	79,91,737
COALINDIA	146.75	-1.15	1,29,29,173
SHREECEM	28,603.00	-0.92	23,493
BHARTIARTL	529.80	-0.80	63,01,610

ANALYSIS OF TODAY’S DERIVATIVE DATA for 1^st July Expiry

1. NIFTY

As per today’s option chain data, strong resistance for nifty exists at 16000 level while as strong support exists at 15700 level. The highest call writing was done at 16100 level followed by 16200 and 16000 level while as highest put writing was done at 15700 followed by 15600 and 15500 levels.

• Bank Nifty

As per today’s option chain data, Strong support for bank nifty exists at 34500 while as strong resistance exists at 35000 level. No significant writing done on both call and put options.

MAXIMUM PAIN OPTIONS FOR 1^ST JULY EXPIRY

NIFTY	16000
BANK NIFTY	35500

Sectors to watch out for tomorrow

1. Nifty BANK
2. Nifty IT
3. Nifty Metal

Stocks to watch out for tomorrow:

1. Central Bank (Sell)
2. Sobha (Sell)
3. Reliance (BUY)

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