Thursday, June 29, 2023

NIFTY 19000 AT ALL TIME HIGH ; WILL THE RALLY CONTINUE❓❓

STOCKS SUGGESTION TO TRADE ON 30 JUNE 2023

CUB ,DELTACORP, FEDERALBK ,ALKEM, BALRAMPURCHIN, BEL ,INDIGO ,NTPC, MARICO, PIDILITE ,JINDALSTEL

PERFECT STOCK SUGGESTIONS FOR 28 JUNE 2023 

STOCK SUGGESTED BY US IN YESTERDAY'S 8.00 PM STOCKS TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/06/share-market-highlights-will-nifty.html

PFC UP BY 10% ⭐⭐⭐⭐... PFC 210 JUN CALL BUY GIVEN @ 0.7-0.8 ACHIEVED TARGET 1.45-1.5

MFSL up by 7% top gainer ⭐⭐

CANFINHOME up by 5% top gainer⭐⭐

HDFCLIFE WAS IN TOP LOSER... HDFCLIFE 640 JUL PUT BUY GIVEN @ 14-15 ACHIEVED TARGET 19.5-20 

L&TFH up by 3%

ICICIPRULI up by 2%

LTIM up by more then 2.5%

MANAPPURAM up by 3%

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After many attempts, the Nifty50 finally managed to surpass its previous all-time high and set a new high of 19011 on June 28, the monthly expiry day for June futures and options contracts, helped by cross-sector buying. Metals and pharma were the leading stars, each up over 1 percent. BSE Sensex's new intraday high was 64050, up 499 points to a record close of 63915. The Nifty50 broke the critical 18,900 resistance level on its own at the open and remained positive throughout the session, although there was some volatility in the second half. It ended at a record 18972, up 154 points, extending the uptrend for the third straight trading day.The Nifty50 has formed a bullish candlestick pattern on the daily chart and has set higher highs and higher lows for another session, indicating a positive sentiment going forward. We expect the rally to continue in the coming sessions with the Nifty50 moving towards 19100-19200 levels. However, after breaching these levels, minor profit bookings cannot be ruled out while crucial support would lie in the 18,800-18,700 area. On the weekly scale, the index has formed a long bullish candlestick pattern so far, continuing with higher upper and lower bounds formation for the 14th straight week. The positive chart pattern such as higher highs and higher lows is intact and the current upward movement is consistent with the sequence's new higher top formation. However, the reversal from the higher high has not yet been confirmed. The short-term trend of the Nifty remains positive. After surpassing the key overhead resistance of 18800 on the 28th June, there are chances of a further uptrend towards the 19200– 19400 levels in the next few sessions before turning into consolidation/slight weakness while the immediate support at the values ​​of 18850. Futures Open Interest (OI) pointed to new long positions in Nifty futures being built for the third straight day. Support for Nifty now moves to 18,900 levels. On the downside, 19200 will now present an immediate hurdle for the index. Option activity at 19,000 strikeout will set the tone for future guidance as we enter the July series schedule on Friday.

 Resistance: 19000, 19200, 19400

Support: 18900, 18800, 18700

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