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Jun 25, 2021 4:46 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty once again rose gradually, this time pulled up by Banks and Metal shares. After one negative week, it closed the current week with a gain of 1.13%. The Nifty could remain in the 15,901-15,761 band for the near term. However, it seems likely that a new high in Nifty may be made in the coming week. The action seems limited to a few stocks/sectors on a rotational basis and the overall mood in the markets is still not euphoric. This is a good sign that may prevent a fast reversal.

Jun 25, 2021 4:45 PM

Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities

The Nifty has spent almost two weeks below the 15902 levels, however, if this level is broken, the Nifty will have to move to the 16050/16150 (53750) level. According to options statistics and retracement levels, the Nifty / Sensex will find support at 15800/52800 and 15670/52300. The Nifty will derail below 15670/52300 and could fall to 15550/51800 or 15450/51500. Our strategy should be to reduce the position between the levels of 16050-16150 /53750. The Nifty 50, Sensex, and Nifty IT indices have reached new levels but the Bank Nifty is still lagging behind. If the Bank-Nifty crosses the 35800 levels, it will be able to push back 37710 but all this should happen in the next one week. The Focus should be on Select Technology companies, Auto and Financial stocks.

Jun 25, 2021 4:40 PM

Nirali Shah, Head of Equity Research, Samco Securities

Nifty 50 index has been trading sideways for almost three weeks now. It seems to be facing a temporary halt after a period of outperformance. Overall market sentiments in global indices look positive and eventually Nifty is also likely to catch up. After a strong bounce back from 15,450, this zone is now being established as a crucial short-term support. We suggest traders maintain a bullish bias on the market and remain watchful for any break of the crucial support, as this would lead to weakness in the short term.

In the coming week, domestic indices are expected to mirror global equities. June auto sales numbers would give investors a fair idea around the revival of ground-level sentiment. However, it would be important to remember that markets have already started pricing in a strong rebound in volumes on expectations of pent-up April-May demand because of an accelerated inoculation drive, strong line-up of launches, life-time low auto loan rates and a favourable monsoon. Investors can closely watch the unlock theme stocks as they could see knee jerk reactions depending on the development in the delta variant.

Jun 25, 2021 4:32 PM

Ajit Mishra, VP - Research, Religare Broking

Markets inched marginally higher in continuation to Thursday’s rise and settled around the day’s high. The benchmark is hovering near a record high largely led by a gradual pickup in economic activities, as states start unlocking, the expectation of better earnings and ramp-up of vaccination. On the flip side, the possibility of the third wave of Covid can impact market sentiments. We remain cautiously optimistic on the markets and suggest aligning the positions accordingly.

Jun 25, 2021 4:32 PM

Market This Week | Maruti, Tata Steel, Infosys, Bajaj Finserv top Nifty gainers; Reliance, Kotak Bank, Asian Paints, HUL, Nestle top Nifty losers this week

Jun 25, 2021 4:32 PM

Market At Close | RIL remains under pressure post the AGM, stock slips to a 1-month low

Jun 25, 2021 4:25 PM

Market At Close | IT stocks gain after a strong set of earnings by Accenture in Q3FY21

Jun 25, 2021 4:25 PM

Market At Close | Banks & metals lead market higher, Sensex at record closing high; Reliance keeps gains for benchmarks in check, drags Nifty by 37 points

Jun 25, 2021 4:25 PM

Nagaraj Shetti, Technical Research Analyst, HDFC Securities

The underlying short term trend of Nifty continues to be positive with range bound action. The market is now placed to show upside momentum above the hurdle of 15,900 levels in the coming few sessions. A sustainable move above this area could open further upside towards 16,200 in the near term. Immediate support is placed at 15,770.

Jun 25, 2021 4:17 PM

Here are key stocks that moved the most on June 25

From LIC Housing to Laurus Labs, here are the key stocks that moved in today's trade:

Jun 25, 2021 4:09 PM

Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS

Tracking positive cues from the global markets, Indian markets traded on a firm note today, with Nifty inching back near its life-time high that was registered last week. Barring FMCG and energy stocks, most sectors traded in green today, led by strength amongst the metal and banking space. After nearly one month of consolidation, Bank Nifty showed renewed strength today. The index broke out of an inverse Head and Shoulder pattern on the hourly time frame. This is a bullish pattern that indicates an up move. Currently, Bank Nifty is trading near its immediate resistance of 35,350. If it sustains above this next week, we could see the index rising towards the 36,400-36,800 zone soon.

Jun 25, 2021 4:03 PM

Market This Week | Here are the highlights of market performance this week

- Sensex & Nifty Regain Last Week’s Losses; Both Up Over 1% Each

- Nifty Bank Back In Positive Territory After Falling For Two Weeks; Up Over 2%

- Midcap Index Rises Over 1% & Nifty Junior Nearly 1%

- PSU Bank, IT & Metal Gain The Most Amongst Indices

- Maruti, Tata Steel, Infosys, Bajaj Finserv Top Nifty Gainers

- Reliance, Kotak Bank, Asian Paints, HUL, Nestle Top Nifty Losers This Week

Jun 25, 2021 3:59 PM

Rupee At Close | The Indian rupee ended flat at 74.18 per dollar, amid buying in the domestic equity market. The local currency opened flat at 74.14 per dollar against Thursday’s close of 74.16 and traded in the range of 74.13-74.24.

Jun 25, 2021 3:57 PM

Market At Close | Here are the highlights of today’s trading session

- Banks & Metals Lead Market Higher; Sensex At record Closing High

- Reliance Keeps Gains For Benchmarks In Check, drags Nifty By 37 Points

- Sensex Gains 226 points to 52,925 & Nifty 70 points to 15,860

- Nifty Bank Rises 538 Points To 35,365 & Midcap Index 294 Pts To 26,895

- Nifty Metal Surges 3% Led By Tata Steel, JSW Steel, Nalco & SAIL

- RIL Remains Under Pressure Post The AGM, Stock Slips To A 1-month LOW

- IT Stocks Gain After A Strong Set Of Earnings By Accenture In Q3FY21

- Except Kotak, All Nifty Bank Constituents End Higher; ICICI, Axis Top Gainers

- Ashok Leyland Posts A Gain over 4% on better-than-expected Q4

- Positive Management Commentary Leads To An Upmove Of 7% In Apollo Hosp

- Market Breadth Favours Advances; Advance-Decline Ratio At 5:4

Jun 25, 2021 3:53 PM

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