Thursday, June 22, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 23 JUNE 2023

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Benchmark indices fell in early trade on Thursday, facing heavy volatility, amid emergence of profit-taking and negative trend in the US markets.From the Sensex pack, Infosys, Power Grid, Wipro, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finance, Hindustan Unilever and Nestle were the biggest laggards. Tata Steel, Mahindra & Mahindra, ICICI Bank, HDFC Bank, HDFC, Maruti, ITC and Reliance Industries were among the major gainers. In Asian markets, Seoul quoted in the green, while Tokyo traded lower. The US markets ended in the negative territory on Wednesday. Weak global cues following a retreat on Wall Street after the Federal Reserve Chair indicated that inflation still isn't under control, Indian equity markets closed in the red on Thursday. Selling was seen across all sectors.The broader NSE Nifty dropped 85 points to end at 18,771 as investors turned cautious with benchmark indexes at near record levels...
WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPDATED ANY MINUTE...STAY TUNNED

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Resistance:  18850, 18950, 19100  

Support: 18750, 18650, 18550

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