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Jun 15, 2021 4:46 PM

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

The market is trading at the highest point of the current up move and we are witnessing mixed reaction in the market. The stock-specific activity is increasing day by day, which is an indication of a "cautiously optimistic" approach from the traders. As the market has closed above the level of 15,850/52,750, we could see indices breaching the levels of 16,050/53,300 in the near term. Supports for the market exists at 15,800/52,600 and at 15,750/52,300. The strategy should be to buy indices only on dips. The Bank-Nifty is heading towards the level of 35,700 and corporate facing banks should do well.

Jun 15, 2021 4:28 PM

Nagaraj Shetti, Technical Research Analyst, HDFC Securities

The short term trend of Nifty continues to be positive with range bound action. The overall chart pattern of Nifty indicate a chances for further consolidation or minor weakness from the highs in the next 1-2 sessions. Immediate support is placed at 15,700.

Jun 15, 2021 4:27 PM

Sumeet Bagadia, Executive Director, Choice Broking

Shrugging off the higher inflation, Indian equity bourses surged over expectation of economic revival with declining covid-19 cases and vaccination pace. Technically, the nifty is in a bullish trend from the last many trading sessions and making higher highs. In the recent session, it has breached an immediate resistance of 15,835.55 and settled above it, which indicates bullish strength in the counter. On the daily chart, the index has been hovering above 200 & 100 days Simple Moving Averages. Moreover, an oscillator Stochastic has also suggested positive crossover, which indicates bullish strength for the near term. At present, the nifty seems to have resistance at around 16,000 levels while immediate support comes at 15,650 levels.

Jun 15, 2021 4:27 PM

Ajit Mishra, VP - Research, Religare Broking

Markets edged marginally higher in a range-bound session, taking cues from stable global indices. After the initial uptick, the benchmark hovered in a narrow band however movement on the stock-specific front kept the participants busy till the end. Nifty has been trading in an uptrend channel on the intraday chart and currently hovering around the upper band of the same. We’re seeing an early sign of a rebound in the banking index which could trigger a further surge. Traders should continue their focus on the selection of stocks and avoid contrarian bets.

Jun 15, 2021 4:25 PM

Here are key stocks that moved the most on June 15

From Gayatri Projects to Newgen Software, here are the key stocks that moved the most today:Get latest Market online at cnbctv18.com

Jun 15, 2021 4:09 PM

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

The Nifty finally managed to hit the 15,900 levels but ended up closing a tad below. The zone of 15,900-16,100 is a resistance block and traders should be cautious around these levels. A buy-on dips approach would be a prudent form of trading this patch. 15,700-15,750 is good support for the index and as long as that does not break, we are in the territory of the bulls!

Jun 15, 2021 3:57 PM

Manish Shah, Founder, www.Niftytriggers.com

Nifty saw a positive close for the day and the pattern in play was a small bodied candle which is a Doji. By itself Doji has little relevance. The market gapped open for the day and remained at elevated levels through the day. Nifty moves along in a well-developed channel and currently it trades above the resistance at 15,750 points. The channel points out towards targets of 16,000-16,100 over next several days. The question is if we will hit 16,000 before the end of the current expiry. International equity markets have a bullish undertone and the overall trend in Nifty is up. Bank Nifty has also started to look up so most likely Nifty should end higher than today’s close. Oscillators are also bullish with MACD in a buy mode and moving averages pointing up. We can expect to show a steady bullish undertone towards 16,000 over next couple of days.

Jun 15, 2021 3:55 PM

Market At Close | Market breadth favours advances; advance-decline ratio at 3:2

Jun 15, 2021 3:54 PM

Market At Close | ICICI Bank contributes 131 points to Nifty Bank’s gain of 297 points.

Jun 15, 2021 3:54 PM

Market At Close | Market continues to post record close; Banks lead market gains today.

Jun 15, 2021 3:53 PM

Rupee At Close | The Indian rupee ended lower at 73.31 per dollar on Tuesday. The local currency opened marginally higher at 73.19 per dollar against the previous close of 73.27 and traded in the range of 72.16-73.34.

Jun 15, 2021 3:45 PM

Market At Close | Here are the highlights from today's market session

- Market Continues To Post Record Close; Banks Lead Mkt Gains Today

- Nifty Rises 57 Points To 15,869 & Sensex 198 Points To 52,750

- Nifty Bank Gains 297 Points To 35,248 & Midcap Index 166 Points To 27,364

- ICICI, HDFC Bank & Asian Paints Lift While TCS & Bajaj Fin Drag

- ICICI Bank Contributes 131 Points To Nifty Bank’s Gain Of 297 Points

- Info Edge, Adani Ent & GMR Infra Amongst Top Midcap Contributors

- Gujarat Gas Moves 9% Higher On Nomura’s Increase In Target Price

- NMDC Falls Over 2% On Rpts Of Govt’s OFS Plan At A Discount To CMP

- Asian Paints Top Nifty Gainer On Reports Of Hike In Some Pdt Prices

- Jubilant Food Slips While Whirlpool gains after Jan-March Earnings

- Coal India Closes 1% Lower Despite Better-than-expected Q4 Earnings

- Market Breadth Favours Advances; Advance-Decline Ratio At 3:2

Jun 15, 2021 3:42 PM

Closing Bell | The Indian benchmark equity indices ended at record closing highs on Tuesday led by buying in FMCG and private banks and realty stocks amid positive global cues. The Sensex rallied 221.52 points, or 0.42 percent to end at record closing high of 52,773.05, while the Nifty ended 57.40 points, or 0.36 percent to 15,869.25. Broader markets supported the rally with the Nifty Midcap100 and Nifty Smallcap100 indices closing over half a percent higher each.

Among sectors, gains were seen in private banks, financials, FMCG, realty and IT stocks, while Nifty Pharma and Nifty Metal indices ended in the red. On the Nifty50 index, Asian Paints, HDFC Life, Axis Bank, ICICI Bank and HUL were the top gainers, while Divi's Laboratories, Adani Ports, Coal India, Tata Motors and Bajaj FInserv led the losses.

Jun 15, 2021 3:36 PM

Here's what mutual funds bought and sold the most in May

The equity and equity-oriented mutual funds witnessed net inflow for the third consecutive month in May 2021 at Rs 10,082 crore. This was the highest monthly net inflow after February 2020. Get latest…

Jun 15, 2021 3:30 PM

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