MARKET SUMMARY OF 28 JUN 2019

After making an all-time high at 12,103 on the 1st trading session of June, Nifty spent the rest of the month in a corrective mode. Though there were few stock specific shorting opportunities during this period, the ranging price action was quite annoying for most short-term traders as it lacked directional bias in either direction.Selling pressure was visible in the midcap space as the Nifty200 breadth remained weak. Bank Nifty witnessed selling pressure for the first half of the series, however, a smart recovery was seen in the last few trading sessions.During this contra trend period, the putative swing low (of 11,625) in Nifty50 was formed near the gap support area of 11,600-11,400.Jet airways employees consortium, AdiGroup to bid for 75% of airline  Inside Apple's long goodbye to Jony Ive, the man who designed the iPhone From liquidity to stress fund: Real estate, homebuyers' Budget expectations Over half the SME universe in the red: Here're the top losers since 2012 ONGC seeks bids to enhance production from 64 marginal fields

MARKET SUMMARY OF 27 JUN 2019

Nifty wiped out initial gains in the last couple of hours of trade amid volatility due to F&O expiry and correction in European indices on June 27.The index failed to hold 11,900 and closed flat, forming bearish candle that resembles Shooting Star pattern on daily charts.A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in the near future.Buzzing stock CreditAccess gains 8% on completion of direct assignment of Rs 139 crore SBI nears record high on fundraising plan; stock rises 7% in six days Real estate shares in focus; Godrej Properties hits record high Cox & Kings hits lower circuit for 2nd straight day, tanks 57% in a month DHFL promoters sell stake in wealth management business to employees Bitcoin climbs to 18-month high, soars past $13,000 as Libra spurs interest.

MARKET SUMMARY OF 26 JUN 2019

Despite benchmark indices reaching new heights in early June, the breadth of the market remains weak. This is evident from the fact that almost 20 percent of BSE500 stocks hit their respective 52-week low in June Eighty-eight stocks in the BSE500 index hit their respective 52-week low in June, which include Hindustan Zinc, JSW Steel, Bosch, Motherson Sumi, Vodafone Idea, General Insurance Corp., Lupin, Biocon and YES Bank, among others.Indian tyre companies to gain from CVD duty on Chinese imports; top picks Buzzing stock DHFL falls 9% on partial payment of Commercial Paper dues Shriram Group shares trade weak; Shriram City Union hits 52-week low ICICI Bank, Power Finance, and 12 other stocks hit 52-week highs on BSE 500 Rushil Decor hits lower circuit for 2nd straight day; tanks 28% in two days.SBI Life Insurance hits 52-week high on strong response for share sale.

MARKET SUMMARY OF 25 JUN 2019

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Nifty recovered from first hour's sell-off and strengthened as the day progressed to end near day's high on June 25 after. The gain comes after losses in the previous two sessions.Advancement of southwest monsoon and stability in crude oil prices lifted traders sentiment.The index took support at its 50-DEMA, near 11,650 and rallied towards 11,814 intraday, forming bullish candle that resembles Bullish Engulfing pattern on daily charts.Top companies where promoters have trimmed their stake in the past one year Tyre stocks gain as govt imposes additional duty on Chinese tyre imports HDFC AMC hits record high, rises 9% in four days. ACC, Ambuja Cements, UltraTech: Three cement stocks that can rally 10% Stock of the day Trent soars to record high on fundraising plan; stock rallies 10% in a week ICICI Lombard falls 8% after block deals Emami soars 12% after promoters set timeline to reduce debt.

MARKET SUMMARY OF 24 JUN 2019

Benchmark indices closed lower for second consecutive day amid liquidity crisis and weak global cues.The Sensex fell 71.53 points to 39,122.96 and the Nifty declined 24.40 points to 11,699.70.The Nifty Midcap and Smallcap indices dropped 0.4 percent each.UPL, Yes

Bank, M&M, Indiabulls Housing and TCS were top gainers among Nifty50 stocks, rising 1-5 percent whereas JSW Steel, ONGC, Eicher Motors, Tata Steel and Vedanta fell 2-3 percent.Reliance Power, PC Jeweller, IFCI, Glenmark Pharma, Mahanagar Gas, IGL, Gujarat Gas, Motherson Sumi, Cadila Healthcare, Edelweiss FInancial and Dish TV were down 3-12 percent.Stock of the day Glenmark Pharma hits 6-year low after USFDA issues CRL on Ryaltris.Cox & Kings frozen at 20% lower circuit; stock hits all-time low.Jain Irrigation soars 72% in two days after mgt clarifies on price movement.Auto stocks decline post NITI Aayog's directive on electric vehicle. Emami slips 7%, hits lowest level since August 2014 after huge block deals.