: Share Market Closing Bell: Nifty ends above 15,300, Sensex up 237 pts #IndiaNEWS #Business The Indian share market remained under pressure at the beginning of the new week. However, in second session,

Share Market Closing Bell: Nifty ends above 15,300, Sensex up 237 pts #IndiaNEWS #Business
The Indian share market remained under pressure at the beginning of the new week. However, in second session, some recovery is observed from different sectors. Sensex settled at 51597.84 gaining 237 points or 0.46 percent and Nifty ended at 15350.15 with gain of 56 points or 0.37 percent.

However, Bank Nifty closed the session at 32684.80 levels after losing 58 points or 0.18 percent. BSE Midcap and BSE Small cap continued to be on the weaker side as both indexes ended with 1.39 and 2.95 percent loss each. Among sectors, Nifty FMCG, Consumption and IT ended in green while Nifty Metal, Nifty Oil and Gas and CPSE were down by more than 3 percent each.
In Nifty stocks, HINDUNILVR, HDFC and BRITANNIA were the top gainers while ONGC, TATASTEEL and UPL were the prime laggards. INDIA VIX has cooled off 1.52 percent intraday and settled at 22.41. Technically, the Nifty has formed a bullish candle in the daily time frame. According to volume profile 15150 Nifty may act as an immediate support.
Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. From the time cycle prospect in hourly chart, Index would remain volatile till 24th of June. Lower Bollinger band in daily time frame indicates minor pullback rally expected in coming days.
Nifty may find support around 15120 followed by 15050 levels while on the upside 15750 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32000 levels while resistance is placed at 33550 levels. Overall, some sectors may bounce on rotation basis. However sell on rise would be advisable in coming days until 15800 levels are attained.
Om Mehra
Research Associate
Choice Broking
Source: Choice India

Latest stock market news Twitter alternate of India

10% popularity Flash it Bury this