NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 21 JUNE 2023

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Markets stabilized in a volatile trading session, continuing the prevailing trend. Initially, weakness in Asian markets weighed on sentiment, but the gradual recovery of select heavyweights not only erased any losses but also propelled the index higher. As a result, Nifty settled around the daily high at 18816. Among sectors, financials, IT and autos posted decent gains, while defensive stocks such as Pharma and FMCG performed modestly. Overall, the broader indices each gained almost half a percent. The market ended positively on June 20th in a highly volatile session when the Nifty was above 18800. At the close, the Sensex was up 159 points to 63327 and the Nifty was up 61 points to 18816 respectively. Nifty has respected the trend line support around 18,660 and has seen a steady recovery. This move shows that the bulls are in control and sentiment would remain positive until it holds 18550. Traders should adjust their positions accordingly, but suggest keeping an eye on the size of positions as there are intermediate fluctuations. For the Bank Nifty index, the bulls held a support level at 43400. Currently, the index is trading in a broad range between 43400 and 44000. A breakout on either side of this range is likely to result in trend moves. As long as support holds, if the 43400 level holds, a buy-on-dip approach is suggested. Once the index breaks above the 44,000 level, there will be strong short coverage to the upside towards the 45,000 level.

STOCKS SUGGESTION TO TRADE ON 21  JUNE 2023

WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPADTAED ANY MINUTE...STAY TUNNED

PERFORMANCE OF STOCK FOR 20 JUNE 2023

ADANIINT  SUGGESTED BY US ON THE TOP OF THE STOCK SUGGESTION LIST IS IN TOP GAINER🥳

PEL UP BY 6%🥳

SHRIRAMFIN ROCKSSS UP BY 6%

METROPOLIS SUGGESTED BY US ,IS UP BY 4% 

ICICIPRULI,METROPOLIS,PEL TRADES GIVEN BY US FOR TRADING

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Resistance: 18850, 18950, 19100

Support: 18750, 18650, 18550