A dull range bound day for Nifty today – Nifty Analysis 26.6.2020

Nifty 5 Min Intraday Chart 26.6.2020
Nifty 5 Min Intraday Chart 26.6.2020

Open 10378 High 10409 Low 10311 Close 10383

Nifty opened with a gap up of 90 points at 10378 levels and touched a high of 10407 at around 10.05 am.

Nifty traded in a 70 point range 10320-10390 throughout the day with a slightly bullish bias and hit a new day high levels of 10409 just before the closing bell

Nifty closed the day at 10383 up 95 points or 0.91 percentĀ 

10200-10300 will act as a crucial support level whereas 10500 will act as a stiff resistance level. A big move will come only below 9800 levels or above 10500 levels. 

Market Breadth Nifty

Advances 29 Declines 21

The highest gainer among Nifty 50 index was Infy up 6.54 percent and biggest loser was Bajaj Finance down 3.14 percent. 

FNO Data Analysis
Nifty June Futures are trading at a discount of 51 points.

For July 2 expiry

Highest open interest Call side is at 10500 ce around 25.73 lakh shares

Highest open interest Put side is at 10000 pe around 20.43 lakh shares

Huge amount of call writing at 10500 ce means 10500 will act as strong resistance level for Nifty

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