Daily Market Commentary - June 25, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Nifty opened on the weaker note on the back of weaker global cues. Nifty kissed 10195 and bounced back till 10355 but wasn't able to sustain there and finally, June expiry closed at 10288.

Market breadth remained in favor of bulls. For every loser, there were more than a couple of gainers. Nifty IT, Media, Metal and Realty closed in red rest of the sectoral indices closed in the red except FMCG. India VIX remained stable with nominal gains of 0.50% closed above 29, USDINR trading at 75.57.

Going forward, major support will be seen around 10100 and Resistance will be 10365.

Source : Equity Bulls

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