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In terms of price levels, not much has changed, and the immediate support zone remains at 18700 - 18600. On the upside, 18940 - 19000 can be considered as immediate resistance for the weekly expiry session.
The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said
Eight stocks, including Indiabulls Housing Finance Company, IEX, and ZEEL are under F&O ban for trade on June 19. The ban is reversed only if the open interest falls below 80%. Meanwhile, the Nifty50 made gains and is expected to reach record highs in the first half of this week, while the BFSI space is participating in the move. Technical experts recommend adding bullish bets in the market. The global market will play a vital role in the next leg of the rally.
Indian benchmark indices are approaching their all-time high levels and a new record may be achieved soon, says Sameet Chavan, head technical and derivative research, Angel One. Nifty50 is just 62 points away from its life high of 18,887.6 points, while the Sensex is 162 points away from its all-time high of 63,583.07 points. Investors will closely monitor the trend of global macroeconomic indicators, such as the Bank of England interest rates decision, and monsoon rains in India, to sustain this momentum. Foreign portfolio investments have also played a key role in sustaining the Indian marke...
The market remains bullish with resistance at 18,600-18,800 levels, though we have correction and consolidation at higher levels after the recent new swing high of the year, experts said