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HomeUncategorizedSensex, Nifty End Marginally Up Ahead of Exit Poll Results.

Sensex, Nifty End Marginally Up Ahead of Exit Poll Results.

Sensex and Nifty50 shed nearly 2 percent each in the week.

Market volatility on May 31st, ahead of GDP data announcement and Lok Sabha general election exit poll, saw Sensex and Nifty up 0.10% and 0.29% respectively.

Sectors and stocks

The market opened positive with the Nifty above 22,550, but ended higher after a five-day losing streak. Top Nifty gainers included Adani Enterprises, Adani Ports, and Tata Steel, while losers included Divis Labs, Nestle India, LTIMindtree, Maruti Suzuki, and TCS. Sectors saw ups and downs, with 130 stocks reaching 52-week highs.

June 03 Forecast

The Nifty remains volatile as investors await election results. Call and put writings indicate oscillation between 22500 and 23000, with a fall below 22500 potentially triggering a correction. Bank Nifty recovers from 21-day EMA, closing near 49000 resistance. A buy-on-dips strategy with stop loss at 48500 is recommended.

The Nifty experienced a volatile trading session, opening a gap and settling positively. The market formed an inside bar pattern, with crucial levels between 22700 and 22400. Support and resistance zones are 22420-2313 and 22820-22900, respectively. Bank Nifty closed in positive territory for the second consecutive session, with a positive crossover signaling continued momentum. Crucial support is 48600-48500, and immediate hurdles are 49700-49800.

FII Bought1,613.24 Cr
DII Bought2,114.17Cr
as per lastest session

Indian Market Stocks

Sensex75.71+0.10%73,961.31
Nifty 5042.05+0.19%22,530.70
Nifty Bank301.60+0.62%48,983.95
as per closing Bell

Market Movers

Adani Enterpris217.10 6.80%Divis Labs-105.60 -2.39%
Adani Ports53.90 3.90%Nestle-49.90 -2.08%
Shriram Finance51.35 2.23%TCS-65.15 -1.74%
Tata Steel3.10 1.89%Maruti Suzuki-198.70 -1.58%
Coal India9.05 1.88%LTIMindtree-71.25 -1.49%
as per closing Bell

Must read book about investing – check here

Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.

Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.

Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.

Sensex Sensex Sensex

Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

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Record High Record High Record High Record High Record High Record HighrRRecord HighRecord Highecord Highockets

Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

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