Daily Markets Wrap - June 12, 2023 - HDFC Securities

Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty broke a two day losing streak on June 12 and ended mildly in the positive. At close, Nifty was up 0.21% or 38.1 points at 18601.5. Volumes on the NSE were lower than recent average. Broad market indices rose more than the Nifty even as the advance decline ratio rose to 1.6:1.

Global stocks were largely up on Monday ahead of key inflation data as investors cautiously await several interest rate decisions this week.

Nifty formed an inside day pattern after a two day fall, suggesting possibility of a minor upside reversal. 18665 could be the next resistance for Nifty in the near term while 18531 remains a good support.

Source : Equity Bulls

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DailyMarketsWrap HDFCSecurities Nifty Sensex