Overnight global sentiment remained mixed after the United States carried out self-defense strikes against Iran following the downing of a helicopter earlier.
Nifty closed at 23,242.10 and continues to trade below all major moving averages, indicating that bears remain in control. The index has declined 3.86% in one month and 7.69% in three months,
Bank Nifty closed at 55,194.50 and has staged a strong recovery over the last few sessions. The index gained 2.09% in a single day and 2.76% during the week,
Reliance closed at Rs. 1,269.20 and continues to trade below all major moving averages from 20 DMA to 200 DMA, indicating that bears remain firmly in control.
SBI closed at Rs. 1,002.70 and has staged a strong recovery over the last few sessions. The stock has gained 4.81% in one week
Panama Petrochem is displaying a strong bullish structure supported by rising moving averages, positive MACD readings and strengthening ADX.
Breakout stock for 10 June – The company is in the business of fertlisers, agri services, bulk chemicals, mining chemicals and real estate.
