Daily Market Commentary - June 22, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Nifty opened on the stronger note and it has managed to record monthly new high at 10393 followed by the last hour of profit booking which took it to the 10280 levels before the close at 10311.

It is a stronger start for an expiry week. The level of 10100 will prove critical for this expiry.

Market breadth remained strongly in favor of bulls. For every loser, there were more than three gainers. An exception of Nifty IT all sectoral indices closed in the green. India VIX gained by 0.80% closed above 30, USDINR trading at 76.03.

Going forward, major support will be seen around 10100 and Resistance will be 10400.

Source : Equity Bulls

Keywords