Daily Market Commentary - June 26, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Nifty opened with a gap on the first day of the July series. The global market remained a strong exception with Hangseng. In the middle of the day, Nifty has made a low of 10312 before closing above 10380.

Market breadth remained in favor of bulls. For every loser, there were more than a couple of gainers. Nifty Auto, Pharma, and Realty closed in red, the rest of the sectoral indices closed in the red except FMCG. India VIX contracted by more than 4% closed above 28, USDINR trading at 75.57.

Going forward, major support will be seen around 10195 and Resistance will be 10550.

Source : Equity Bulls

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