Daily Markets Wrap - June 28, 2023 - HDFC Securities

Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty advanced for the second consecutive day to scale fresh life highs on June 28. At close, Nifty was up 0.82% or 154.7 points at 18972.1. Volumes on the NSE were higher than recent average on the monthly F&O expiry day. Broad market indices rose less than the Nifty even as the advance decline ratio closed at 1.14:1.

Global stocks were mostly higher on Wednesday as surprisingly upbeat U.S. economic news eased global growth concerns.

Nifty made a new life time high on June 28. The current upward momentum could continue and 19000-19200 band could be the next resistance for Nifty in the near term. 18646 could be the support on corrections.

Source : Equity Bulls

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DailyMarketsWrap HDFCSecurities Nifty Sensex