Nifty to face resistance around 10,860 levels

Indian Indices:                             Nifty patterns on multiple timeframes show it ended the week with a Dragonfly Doji. Bank Nifty ended Friday 1.02 percent higher at 26,766.85.

Global Market:

·       Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.37% while the Hang Seng is down 0.60%. The Shanghai Composite is not trading.

·       US Markets: The threat of a full-blown trade war isn’t having the impact on investor sentiment and stock prices that might be expected judging by double-digit gains for the Nasdaq and modest but positive returns for the S&P 500 so far.

·       European markets: European markets finished broadly higher on Friday with shares in London leading the region. The FTSE 100 is up 1.67% while France's CAC 40 is up 1.34% and Germany's DAX is up 0.54%.

·       Major Headlines of the day:

·        Asian shares dogged by trade worries, oil keeps gains

·        Charges for high algo OTR to be imposed in equity segment from June 29

·        Crude prices trading below 50 & 20-day SMA suggesting weakness in prices

·        Rupee may hit all-time low if it breaks 68.10/$

·        Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 54.5 points or 0.51 percent.

                                                                                                                Nifty futures were trading around 10,782.5-level on the Singaporean Exchange.

Trend in FII flows:-  The FIIs were Net Value of Rs  -1343.44in the cash segment while the DIIs were Net Value of Rs 1105.76 as per the provisional figures.

Securities in Ban For Trade Date 25 JUNE 2018 :-

    1.  DHFL  

    2.  Infibeam

    3.  JP Associat

    4.  CG Power&

    5.  IDBI

Get more details here:-

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