Elearnmarkets - Financial Market Learning
  • Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Go To Site
  • Login
Elearnmarkets
  • Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
Webinars
Elearnmarkets - Learn Stock Market, trading, investing for Free
No Result
View All Result
Home Technical Analysis Market Analysis Market Wrap

Market Wrap for 23rd June, ’16: Nifty rallies following European cues

Elearnmarkets by Elearnmarkets
February 26, 2020
in Market Wrap, Market Analysis
Reading Time: 1 min read
0
26
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Nifty ended on a positive note, with gains of 65 points , following the strong opening in the European market around 12.30 today afternoon, before which the market was trading choppily. The resistance currently lies at the level of 8330 and support at 8050. The RSI indicator is showing a Negative divergence , which mans that inspite of the index forging an almost higher high, the RSI is far from it high. Adding to the weakness id the struggle of Nifty’s RSI to maintain its stand above the level of 60. However, weakness is not as prominent on the chart of Banknifty, which per se has a resistance at the level of 18075 due to the past price activity at this level.

NSE INDICES:

The Banknifty closed with the maximum gains fo almost 1.50%, followed by Nifty 50, the Nifty Midcaps closed flattish with a negative tilt whereas the Nifty Realty index was the biggest loser with a closing of 1.41% lower.

GAINERS:

Gainers for 23.06.16
Gainers for 23.06.16

LOSERS:

Losers for 23.06.16
Losers for 23.06.16

INTERNATIONAL MARKET

The US markets closed slightly negative yesterday in anticipation of the Brexit Referendum.  Following the other international indices, the US indices are expected to trade strong.

The European Indices drove the stocks stocks higher after opening. The European indices themselves are \trading a good 2% higher.

The Asian indices have been strong from India (SENSEX), Japan (NIKKIE) however the Chinese Shanghai was weaker.

Looking at the commodities futues, Gold is trading weak , whereas Crude oil is in cheers (+1.41%). This is also an impetus for the strngth in the market today.

CHART OF THE DAY

Bharti Infratel was the biggest loser on the day with a loss of 5%. It has also breached a very important support level of 340. The weakness is expected to continue, owing to the weakness in RSI.

Bharti Infratel , daily as on 23rd June, 2016
Bharti Infratel , daily as on 23rd June, 2016

 

Tags: nifty
ShareTweetSend
Subscribe To Updates On Telegram Subscribe To Updates On Telegram Subscribe To Updates On Telegram
Previous Post

Market Wrap for 22nd June, ’16: Nifty breaches 8200, but nothing to worry!

Next Post

Market Wrap for 24th June, ’16: Nifty slips after Brexit

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

Hourly Chart
Market Analysis

Nifty Ends on Positive Note, Gains Approx. 475 Points on Positive Global Factors

November 18, 2020
372
Weekly Chart
Market Analysis

Huge Sell-Off Makes the Market Close in a Negative Note on the Expiry Week

November 18, 2020
169
Hourly Chart
Market Analysis

Nifty Ends in Green. Rupee Appreciates and Falling Crude Price Helped the Market to Recover Approx. 140 Point

November 18, 2020
125
Hourly Chart
Market Analysis

Sell Off Continues. Nifty Ends The Week With Three Consecutive Red Candles

November 18, 2020
136

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Facebook-f Twitter Instagram Linkedin-in Youtube Telegram

Download App

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

Get Articles On Email

Enter your email address:

Categories

  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Technical Analysis
  • Marketshala
  • Miscellaneous

© 2022 Elearnmarkets . All Rights Reserved

  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

Get Elearnmarkets App

No Result
View All Result
  • Article Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • Hindi
    • Bengali
    • English
  • Courses
  • Webinars

© 2020 Elearnmarkets All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Suggested Learning

Technical Analysis Made Easy

Certification in Online Technical Analysis

Online NSE Academy Certified Capital Market Professional (E-NCCMP)