Pre-Market Update - June 19th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 18826(+0.74%). Nifty crossed the resistance zone of 18780 as described in the last blog.

Nifty has an immediate resistance of 18900 on the upside while 18780 can work as a support level on the downside.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 43938.15(+1.14%). BN facing resistance at 44435 as described in yesterday's blog.

 BN may face resistance at the zone of 44200 on the upside while 43812 may work as a support level on the downside.

Stocks in News

• Skipper wins fresh orders worth Rs.1135 Crores from Domestic & International Market
  
• Kanpur Metro deploys ABB India's Electrification solutions for reliable power control and distribution
  
• Suraj Limited to acquire 47.06% in Suraj Enterprise Pvt Ltd
• Gufic receives approval from NMPA, China for Prilocaine API

Sector Heat Map 

Heatmap from Trendlyne website

Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.