The market ended the range-bound session at a new record closing high on June 20. It remained above all key moving averages. The Nifty 50 rose 51 points to 23,567 on the weekly F&O expiry session. It is expected to remain range-bound with resistance at the 23,600-23,650 area. If it closes decisively above this range, then a strong uptrend looks likely, with support at 23,400, say experts. This morning the GIFT Nifty is hinting at another positive open. IT stocks will be in focus after Accenture tightens revenue growth guidance. Also in focus will be Asteer DM as there is likely to be a block deal in the counter today. Meanwhile, Stanley Lifestyle’s Rs 537 cr IPO opens for subscription today. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Deven Choksey, Managing Director, DRChoksey FinServ.
first published: Jun 21, 2024 09:15 am
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