Monday, June 14, 2021

Stock Market Tomorrow | Nifty Outlook 15 June 21


nifty ,

Stock Market Today 

The Indian market bounced back sharply in the second half of the trading session.The Sensex ended 76 points higher at 52,551, while the Nifty50 closed with gains of 12 points at 15,811.

Adani group stocks lost 5-9 percent on reports pertaining to the freezing of three foreign funds by the National Securities Depository (NSDL) that own shares in four listed Adani firms.

Nifty Outlook

Key  Data

Put Call Ratio - 24/06/2021

Put Open Interest34166.85 K
Call Open Interest21396.38 K
PCR Open Interest1.60
PCR OI ReadingStrong Bearish
Put Contracts Traded591928.00
Call Contracts Traded501629.00
PCR Volume1.18
PCR Vol ReadingStrong Bearish

MCL| Stock Analysis And Price Outlook

Chart & Outlook

nifty ,

Technically, the index formed a small-bodied bullish candle on the daily scale with a long lower shadow, indicating that declines were being bought in the market.

Traders have no reason to be concerned. A buy-on dip is a prudent strategy to adopt at these levels of the market.
The Nifty has to hold above 15,750 to witness an up move towards 15,900 and 16,000, while on the downside, support exists at 15,600 and 15,500.

For tomorrow ,although Nifty recovered day loss and closed in positive territory , still we should avoid fresh long position until Nifty trades above 15836 for sometimes. If trades above 15836  and sustain the Nifty will head towards 16000 mark in this week. Still short position should be avoided.

Thanks for your Precious Time.

Finvest Online
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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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