Thursday, June 10, 2021

Stock Market Tomorrow | Nifty Outlook 11 June 21


 Nifty and  Stock Market Outlook 

Stock Market Today 

The bulls made a comeback on the D-Street after two straight days of decline, with Sensex and Nifty settling above their crucial psychological levels of 52,300 and 15,700, respectively. 

The benchmarks opened in green and traded firmly higher for most part of the day, as traders took encouragement with Finance Ministry report stated that faster vaccine coverage and frontloading of fiscal measures announced in this year's budget would be the major factors in boosting the investment and consumption cycles and, in turn, reviving the economy, as economic activities have slowed down amid the second wave of Covid-19 and lockdowns across states. 

 BSE Sensex rose 358.83 points or 0.69% to 52,300.47, while the CNX Nifty was up by 102.40 points or 0.65% to 15,737.75.

Nifty Outlook

Key  Data

Put Call Ratio - 24/06/2021

Put Open Interest30974.55 K
Call Open Interest19004.32 K
PCR Open Interest1.63
PCR OI ReadingStrong Bearish
Put Contracts Traded330836.00
Call Contracts Traded264673.00
PCR Volume1.25
PCR Vol ReadingStrong Bearish

Futures of NIFTY

Closing Price15751.25
Price Change91.00
Change %0.581
Future OI11298.45 K
OI Change %5.69
Future Contracts91.49 K
Contracts Change-30.86

HAVELLS | Stock Analysis And Price Outlook

Chart & Outlook

Friends as discussed yesterday that that the Nifty will trade in green territory in the first half and later in the second half a fall may be seen due weekly expiry. Today first half market trade on our expectation but  the second half market remain bullish and our expectation missed . 

Still our view on Nifty is not positive until it cross and sustain  15800 for sometime. Till adopt wait and watch strategy. 
For tomorrow 15657 will act as support and still 15800 will act as strong resistance.

Thanks for your Precious Time.

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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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