Market action for the day

Market action for the day

Market benchmarks Sensex and Nifty closed with gains for the week, ending June 26. The S&P BSE Sensex rose 1.2 percent while the Nifty50 gained 1.3 percent for the week ended June 26 compared with 3.5 percent rally seen in the S&P BSE Midcap index, and the S&P BSE Smallcap index closed with gains of 2.8 percent in the same period. Rising COVID-19 cases in the US and India, the military stand-off between India and China at the border, and the ongoing spat between China and the US on many issues including trade and the source of the pandemic remain pressure points for the markets across the globe.

Key support and resistance level for the Nifty – According to pivot charts, the key support level for the Nifty is placed at 10,326.2, followed by 10,269.4. If the index moves up, the key resistance levels to watch out for are 10,424.8 and 10,466.6.

Call option data – Maximum call OI of 15.87 lakh contracts was seen at 10,500 strike, which will act as crucial resistance in the July series. Put option data – Maximum Put OI of 19.22 lakh contracts was seen at 10,000 strike, which will act as crucial support in the July series.

Nifty Chart

Markets Action in a nutshell

FII Activity

Stocks to watch for the day

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