Kal Ki Baat Aaj, Important Levels and Technical Analysis of Nifty BankNifty For 22nd June

Kal Ki Baat Aaj, Important Levels and Technical Analysis of Nifty BankNifty For 22nd June

Nifty banknifty tips

From last two trading sessions, it seems that bulls are not in mood to give up the baton to bears. Nifty and Sensex were open gap down and slowly recovered from the same support of 15500 and closed in green.

Nifty50 closed at 15746, which is 63 points up from the previous close. BSE Sensex has closed 230 points up at 52,574 on 21st June.

From provisional data available on the NSE, Foreign institutional investors (FIIs) sold 1244.71 cr worth of shares in cash. Domestic Institutional Investors (DIIs) purchased shares worth Rs 138.09 cr in the cash market on 21st June 2021.

The US markets ended in deep green on Monday after investors came out from Federal Reserve hangover. Dow Jones ended up 1.76% whare as S&P gained 1.40%. Technology index Nasdaq also climed 0.79%.

Taking the green vibes from the US markets, Asian markets started and continue trading upword. Japan’s Nikkei gained more than 2% while Topix also up 2.3%

Kal Ki Baat Aaj King Research:

Last close of Nifty fut at 15748. The next resistance zone for Nifty is 15830 – 15870. Near the resistance level, we will take cautious call and try to sell with the stop-loss of 15947. As we already told in our daily series Kal Ki Baat Aaj the support for the Nifty is around 15630 – 15570, any decline or panic we will buy around these levels.

Last close of Banknifty fut at 34944. Crucial support at 34530 – 34230. We try to buy above 34856 with the stop-loss of 34630.

 

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