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  • Research Report 24062022

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    pranab das
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    The document provides a market summary for June 24, 2022. It notes that markets are expected to open positively based on gains in the Dow Jones and SGX Nifty futures. FII activity was negative while DII was positive. Auto stocks like Maruti and Hero MotoCorp gained over 4% recently. Nifty needs to break resistance at 15,710 to target 15,800-15,900 by the end of June, with support at 15,350-15,200. Advance/decline ratio was positive. Crude oil prices fell on global economic concerns. The GST council may impose e-way bills for intra-state gold movement. Maruti and Hero MotoCorp are stocks to watch.

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    The document provides a market summary for June 24, 2022. It notes that markets are expected to open positively based on gains in the Dow Jones and SGX Nifty futures. FII activity was negative while DII was positive. Auto stocks like Maruti and Hero MotoCorp gained over 4% recently. Nifty needs to break resistance at 15,710 to target 15,800-15,900 by the end of June, with support at 15,350-15,200. Advance/decline ratio was positive. Crude oil prices fell on global economic concerns. The GST council may impose e-way bills for intra-state gold movement. Maruti and Hero MotoCorp are stocks to watch.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Research Report 24062022

    Uploaded by

    pranab das
    The document provides a market summary for June 24, 2022. It notes that markets are expected to open positively based on gains in the Dow Jones and SGX Nifty futures. FII activity was negative while DII was positive. Auto stocks like Maruti and Hero MotoCorp gained over 4% recently. Nifty needs to break resistance at 15,710 to target 15,800-15,900 by the end of June, with support at 15,350-15,200. Advance/decline ratio was positive. Crude oil prices fell on global economic concerns. The GST council may impose e-way bills for intra-state gold movement. Maruti and Hero MotoCorp are stocks to watch.

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    of 1

    BHARTI SHARE MARKET

    Date: 24-06-2022

    Expected market to open on positive note, Dow Jones closed in green with 194
    FII & DII Activity points. SGX nifty trading positive 104 points at 7:54AM & consolidation near the
    Day MTD Investor resistance area to breakout. SGX Nifty indicating positive opening to the Indian
    -2319 -51246 FII market.
    +2438 +39770 DII
    Auto Sector in top gear, Nifty Auto Index up more than 4% since 15 th Feb 2022.
    INDIAVIX
    20.88 Maruti & Hero MotoCorp was the top gainer.
    Previous close
    Expiry of this week nifty traded between the range of 15367 to 15628, Nifty need
    Bullish Setup
    to break the supply zone of 15710 then further upside of 15800/15900 we may
    CHEMPLASTS, KEC, ROUTE,
    MARUTI, HEROMOTOCO see in ending June whereas on the downside supports stuck 15350 & 15200 area.

    Bearish Setup Advance/decline ratio for indices stocks was 76% positive side, 913 stocks were
    gaining while 285 stocks are falling.
    STARHEALTH, BASF,
    POWERINDIA, BAJAJELEC,
    DMART Crude Oil prices failed to lowest level since early May as concern of global
    economy weak.
    Nifty – 50 Resistance
    15666 15710 15757 The GST council is likely to consider imposing e-way bills for the movement of
    gold within a state at its meeting next week.
    Nifty-50 Support
    15330 15415 15135
    Every upside converting in to selling so rally in index may not sustain the longer
    time frame or long Target.
    Bank Nifty Resistance
    33290 33350 Stock to keep monitoring today is MARUTI, HERO MOTOCORP
    Bank Nifty Support
    32600 32900

    Long Term investors should buy every dips.


    Sectors Bullish
    Petrochemicals, Transmission
    Towers, Auto, BPO/Its

    Sector Bearish
    Airlines, IT-Hardware,
    Fertilizers

    RAR-IO-555 Research Report_20220624 7057101010 WWW.BHARTISHAREMARKET.COM

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