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Jun 1, 2021 4:36 PM

Yash Gupta Equity Research Associate, Angel Broking

We expect Nifty to be volatile this week and exchange volumes to decrease as the new 75 percent margin rule got implemented from today i.e 01-June 2021. Today we have seen some profit booking in S&P BSE METAL and S&P BSE Basic Materials. We expect profit booking in metals will be continue thought this week. We expect the market to consolidate for this week in a trading range of 15450-15700.

Jun 1, 2021 4:36 PM

Nagaraj Shetti, Technical Research Analyst, HDFC Securities

After showing a fine upmove in the last four sessions, Nifty shifted into a consolidation on Tuesday and closed the day with a minor negative note. Tuesday’s consolidation movement has not changed the positive sentiment created in the market. The next upside levels to be watched for Nifty at 15,800 levels, which could be reached in the next 3-4 sessions. At the same time, one needs to be cautious about long positions at the new highs. Immediate support is placed at 15,500 levels.

Jun 1, 2021 4:22 PM

Manoj Vayalar, VP- Derivatives, Religare Broking

Nifty futures has rolled around 77% vs 66% with respect to the last month, the open interest for the new June contract is higher, due to higher participation in to June series. Nifty futures are positively biased till we are trading below VWAP (Volume weighted average price) of 15300 for the June series. We expect nifty to be in 15250-15850 range for the first fortnight of the June series. FIIs have sold around Rs 6015 Cr in the cash market in May. We believe the Nifty might be in a range of around 15200-16000 for major part of June series.

Jun 1, 2021 4:17 PM

Ajit Mishra, VP - Research, Religare Broking

Markets ended almost unchanged in a choppy session, taking a breather after the recent surge. After the initial uptick, the benchmark drifted lower and remained in a narrow range till the end. It’s a healthy pause and we may see further consolidation in the benchmark in the following session. However, there’ll be no shortage of trading opportunities on the stock-specific front so traders should maintain their focus on identifying the sectors/stocks and accumulate them on dips. With the earnings season largely behind us, the markets would focus on global markets and upcoming monetary policy review meet for cues.

Jun 1, 2021 4:16 PM

Rupee At Close | The Indian rupee ended 28 paise lower at 72.90 per dollar amid volatility in the domestic equity market. The local currency opened higher at 72.53 per dollar against the previous close of 72.62 and traded in the range of 72.53-72.94.

Jun 1, 2021 4:15 PM

Manish Shah, Founder, www.Niftytriggers.com

Nifty closed the day marginally lower. The overhang of RBI monetary policy and the usual uncertainty before a major announcement is palpable due to the listless movement in Nifty. The pattern play for the day is a narrow ranged candle with a small real body. At times a pattern of this type before a major announcement usually results in sideways action for a couple of days. Nifty could see a rangebound action over the next two days within 15,470-15,660. The underlying trend Nifty and Bank Nifty is bullish. Any statement post the meeting which is interpreted as a positive development could be a trigger for a rally in Nifty towards 15,775-15,800 after the end of the policy meet. The underlying current in Nifty is bullish as we saw a range expansion candle yesterday and the price itself is in a new territory. Furthermore, oscillators and trend following indicators are also suggesting strong momentum on the upside. In case of any short term drop in Nifty towards 15,450-15,500 should be considered as a buying opportunity.

Jun 1, 2021 4:05 PM

Market At Close | Adani Group stocks rise; Adani Ports up 4%, Adani Entertainment 8% & Adani Power 3%. ONGC & GAIL rise as crude moves to over 2-year high.

Jun 1, 2021 4:03 PM

Market At Close | Market breadth favours declines; Advance-Decline ratio at 1:2

Jun 1, 2021 4:02 PM

Market At Close | Sensex & Nifty close flat with financials dragging the market.

Jun 1, 2021 4:02 PM

Here are key stocks that moved the most on June 1

The Sensex ended 2 points lower at 51,935 while the Nifty fell 8 points to settle at 15,575.Get latest Market online at cnbctv18.com

Jun 1, 2021 3:53 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The markets took a bit of a breather today but the overall trend remains bullish. Traders can consider accumulating long positions on dips and mild corrections for higher targets. The Nifty seems poised to achieve 15,900-16,000 with good support at 15,300.

Jun 1, 2021 3:47 PM

Market At Close | Here are the highlight sof today's market performance

- Sensex & Nifty Close Flat With Financials Dragging The Market

- Except SBI, All Nifty Bank Constituents Lower; ICICI Top Loser

- Nifty Falls 8 Points To 15,575 & Sensex 3 Points To 51,935

- Nifty Bank Slips 189 Pts To 35,337 & Midcap Index 26 Points To 25,750

- Adani Group Stocks Rise; Adani Ports Up 4%, Adani Ent 8% & Adani Pwr 3%

- ONGC & GAIL Rise As Crude Moves To Over 2-year High

- Bajaj Auto Closes Off Lows But In The Green After Better-than-expected May Sales

- Maruti, Ashok Leyland, TVS Slip As May Sales Come Below Estimates

- M&M Ends Flat Despite Better-than-expected Tractor Sales & +ve Commentary

- SBI Rises To Record High With Stock Gaining Nearly 2%

- Steel Shrs Fall On China’s Easing Of Restrictions; Nifty Metal Down 1%

- JSW Steel, Tata Steel & JSPL Fall 2% Each, SAIL Down More Than 4%

-Market Breadth Favours Declines; Advance-Decline Ratio At 1:2

Jun 1, 2021 3:40 PM

Closing Bell | Indian benchmark equity indices erased early gains to end Tuesday's volatile session on a flat note dragged by selling in banks, metals and auto stocks. The Sensex eased 2.56 points to end at 51,934.88, while the Nifty closed at 15,574.85, down 7.95 points, or 0.05 percent. Broader markets underperformed the benchmarks as the midcap and smallcap indices closed lower. India's manufacturing PMI coming in at an 8-month low also weighed on the sentiment.

Among sectors, Nifty Metal lost nearly 0.8 percent while Nifty Bank and Nifty Auto were down 0.5 percent and 0.4 percent, respectively. However, Nifty IT and Nifty FMCG ended in the green. On the Nifty50 index, Adani Ports, ONGC, Bajaj Finance, SBI and HDFC were the top gainers while JSW Steel, Tata Steel, ICICI Bank, Asian Paints and UltraTch Cement led the losses.

Jun 1, 2021 3:40 PM

Market Watch: Anand Tandon, Market Expert

On Aurobindo Pharma | It is not necessarily the most attractive stock in terms of growth prospects but that is also not the most expensive. So you are getting what you are paying for. If you feel that the other stocks in the market are overpriced, you may want to continue to hold it. If you are looking at a fresh entry, given that the market looks a bit stretched, you may get a better entry point at this stage.

On PNB Housing Finance | The upside continues to remain. On a longer-term basis, if you are getting in at this stage, you are not going to be losing money.

Jun 1, 2021 3:30 PM

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