Yesterday, after flat opening the Nifty 50 fell more than 200 points and recovered smartly and ended in green above the Friday close. Adani group stocks were the main reason behind yesterday fall.
Nifty50 closed at 15811.90, which is 12.50 points up from the previous close. BSE Sensex was closed 76.77 points higher at 52,551.53 on 14th June.
From provisional data available on the NSE, Foreign institutional investors (FIIs) sold 503.51 cr worth of shares in cash while Domestic Institutional Investors (DIIs) purchased shares worth Rs 544.26 cr in the cash market on 14th June 2021.
Taking a clue from the Asian markets, the US markets closed in the green on Friday. European markets also followed the Asian market and ended in higher.
All Asian markets are trading in deep green. SGX NIFTY indicating a flat opening of the Indian Market.
Last close of Nifty fut at 15836. The next resistance on Nifty is 16170 to 16247 above 15847 we will see new highs in the market. As we already told in our daily series Kal Ki Baat Aaj the support for the Nifty is moved up around 15730 – 15670, any decline or panic we will think for the buy, only.
Last close of Banknifty fut at 35048. Above 35456 we may see the unexpected levels up to 35870 – 36156 – 36430. The key support at 34730 – 34470.