Good morning, Traders! 📊
Here is the educational, technical, and fundamental overview for today's session, reflecting yesterday's closing data.
📈 **Key Index Levels (Support & Resistance):**
🔹 **NIFTY 50 (Close: 23,405.60)**
* **Resistance:** 23,500 | 23,620
* **Support:** 23,300 | 23,180
🔹 **BANK NIFTY (Close: 54,185.95)**
* **Resistance:** 54,500 | 54,850
* **Support:** 53,800 | 53,500
🔹 **SENSEX (Close: 74,346.17)**
* **Resistance:** 74,650 | 74,900
* **Support:** 74,000 | 73,700
🔄 **Previous Session Recap (June 3):**
* 🟢 **Top Gainers:** Apollo Hospitals, Tata Motors, Max Healthcare, and State Bank of India.
* 🔴 **Top Losers:** TCS, Tech Mahindra, HCL Technologies, and Infosys.
🎯 **Sectors & Stocks on Our Radar Today:**
* **Sectors in Focus:**
* **IT Sector:** The Nifty IT index crashed 5.57% yesterday due to aggressive profit booking. Watch closely to see if it finds immediate support or continues to face institutional selling pressure.
* **Banking Sector:** Banking stocks completely bucked the negative trend yesterday, showing tremendous relative strength despite the broader market fall. Keep a close watch on both PSU and Private banking indices for momentum continuation.
* **Stocks to Watch:** Track **State Bank of India** for continued strength and **TCS / Infosys** for structural reactions after their heavy declines. Watch how price action behaves near your critical SMC supply/demand zones and key Gann reversal levels before deploying capital.
Always remember to trade your plan, wait for the right setups, and rigorously manage your risk!
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Thanks & Regards,
Sayyad Mir Akbar Ali Mir Sarwar Ali
Technical, Fundamental and Astrological Research Analyst
Profit At Any Cost Financial Services Pvt Ltd & Munafa-3x Financial Services Pvt Ltd
📞 Contact & Stay Connected:
Phone: +918793711998
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Blogs: profitatanycostastroalert.blogspot.in | profitatanycost.blogspot.in
Email: info@munafa3x.com | info@profitatanycost.com
Disclaimer: The technical, fundamental, and macroeconomic analysis provided here is strictly for educational and informational purposes. No part of this content should be construed as explicit investment or trading advice. Trading involves substantial risk, and readers must consult a certified financial advisor before making any financial decisions. We accept no responsibility for any financial losses incurred.
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