Tuesday, June 18, 2019

MARKET SUMMARY OF 18 JUN 2019


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The Nifty50 after opening flat at 11,677.05 remained rangebound throughout the session. It touched an intraday high of 11,727.20 and low of 11,641.15, before closing 19.30 points higher at 11,691.50. The index formed small bullish candle which resembles a 'Spinning Top' kind of formation on daily charts.Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls and bears. It can be formed in an uptrend as well as in a downtrend.Stock of the day HDFC MF provides liquidity to FMP investors; stock tanks 7%.YES Bank nears 5-year low; slips 20% in four days after downgrade.Star Cement surges 13% as board mulls share buyback.RInfra, Jet Airways among 54 stocks that tumbled up to 62% in 3 weeks.Jet Airways tanks 53% as lenders move NCLT to initiate IBC proceedings.$40 billion in just 7 yrs! India's exotic funds, a time-bomb for investors.

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