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2 mins Nifty Wrap

Technology 01 June 2020 5:49:PM

NIFTY opens gapped up and made fresh 2 month’s high….

Highlights

  • Nifty maintains Higher Top Higher Bottom formation.
  • The RSI (63.16) remains above the 50 level, indicating the presence of bullish momentum in the prices.
  • On the sectoral front all the indices ended the session in the Green, of which 8 indices ended with a gain of more than 3%.
  • NIFTY PSU BANK, NIFTY MEDIA and NIFTY FINSERV were the highest gainers and ended the session with a gain of (7.57%), (3.86%) and (3.64%) respectively.
  • On the stocks front the NIFTY Heavy weight like BAJFINANCE , BAJAJFINSV and TITAN were the highest gainers and ended the session with a gain of (10.46%), (7.83%) and (7.70%) respectively.
  • DRREDDY, INFRATEL and ULTRACEMCO were the underperformers and ended the session with a loss of (-2.94%), (-2.46%) and (-2.17%) respectively.

Technical

Ø NIFTY SPOT: 9826.15 (2.57%)

Ø DYNAMIC PARAMETER: Nifty faced rejection near the 9980 (50% retracement level of the entire fall from 12430-7511).

Ø TRADING ZONE: Resistance: 9931.90 (Daily high)/ 10159 (13th March 2020). Support: 9731.50 (30th April 2020 low), 9598 (previous session high)

Ø BROADER MARKETS: OUTPERFORMED, MIDCAP 13684.65 (3.10%), SMALLCAP 4131.10 (3.21%), Advance-Decline: 1488/324

Ø STRATEGY: Bullish till above 8806 (Swing Low).

Relative Sectoral Performance

Broader Indices

Close

1DChg

1D%

5D%

10D%

1M%

NIFTY

9826.15

245.85

2.57

8.71

7.54

5.5

Nifty 200

5087.35

123.95

2.5

8.31

7.05

5.39

Nifty 500

8020.10

197.70

2.53

8.15

6.88

5.18

Mcap Indices

Close

1DChg

1D%

5D%

10D%

1M%

NIFTY MIDCAP 100

13684.65

411.65

3.1

8.02

5.33

5.55

NIFTY MIDSML 400

4641.90

134.40

2.98

7.27

5.21

4.3

NIFTY SMLCAP 100

4131.10

128.30

3.21

7.28

4.98

2.3

Gainers Sectors

Close

1DChg

1D%

5D%

10D%

1M%

Nifty PSU Bank

1215.40

85.55

7.57

11.5

2.47

-7.3

Nifty Metal

1952.50

72.65

3.86

14.2

12.05

15.21

Nifty Fin Service

9873.50

346.45

3.64

14.1

6.26

0.66

Nifty Media

1219.35

41.50

3.52

6.95

7.21

4.77

BANKNIFTY

19959.90

662.65

3.43

15.5

5.98

-1.52

 

 

 

 

 

 

 

Losers Sectors

Close

1DChg

1D%

5D%

10D%

1M%

Nifty Pharma

9802.10

33.50

0.34

2.1

7.8

4.4

Nifty FMCG

29571.30

274.35

0.94

6.42

9.69

2.73

Nifty MNC

12666.75

169.00

1.35

6.05

4.86

4.04

NIFTYINFRA

2885.90

40.75

1.43

6.09

5.75

10.19

About The Author

Research Team

GEPL Capital Private Limited operates as a brokerage firm. The Company buys and sells equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate fixed deposits, as well as provides online trading platform. GEPL capital serves customers in India.

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