Important FnO Results this Week
- PVR: 8th June
- Titan: 8th June
- Hero Moto: 9th June
- Century Textile: 10th June
- MGL: 10th June
- Shriram Transport: 10th June
- Eicher Motors: 12th June
Optimism continues as US Markets rallies on Monday session.
Nasdaq rallied 1.17%
Dow rallied 1.70%.
Dow Jones is just 6.5 % down from its lifetime high whereas Nasdaq is already trading at the lifetime high.
Results Update
PVR Posted results on Monday and results were bad compared to the poll conducted by CNBC
Nifty Technical Analysis
On Monday, Nifty opened with a huge gap up around 10326 but failed to sustain the gains.
10330 is the key resistance to watch out for the coming days. Thereafter 10500 will the next resistance.
On the support side. 10100 & 10000 will be the key support for the Nifty50.
Range for Nifty Weekly expiry
Nifty weekly expiry should be between 9900-10300 and as global cues are positive chances of expiry on higher-end are high.
FIIs Position
Yesterday, FIIs have reduced their long position on Index, and in fact they and covered all long on index which they created since 29 May 20.
There are no major news as per Indian markets are concerned but fear due significant jump in corona case can rise in coming weeks.
Covid19 Cases
As India goes through unlock 1, social distancing is becoming a thing of past. This disease shows symptoms only after 15 days therefore next 15 days should be watched carefully.