1

M A J O R G L O B A L I N D I C E S

Indian and Chinese military commanders met on Monday to try to ease tensions at their dis-

puted Himalayan border as the public mood hardened in India for a military and economic

riposte following the worst clash in more than five decades. Major Indian traders called for a

boycott of Chinese goods and the state of Maharashtra, home to India's financial capital of

Mumbai, put three initial investment proposals from Chinese companies worth 50 billion ru-

pees ($658 million) on hold, just days after signing the agreements. said 20 of its soldiers

were killed in a clash last Monday with Chinese troops in a major escalation of a weeks-long

standoff between the nuclear-armed Asian giants in the western Himalayas.

Top Headlines

India, China commanders meet after border clash amid calls for boycott of Chinese goods

Dollar Retreats From Three-Week High

Gold jumps, hits highest in more than a month on uptick in pandemic

Oil steady on tighter supply, but virus fears cap gains

MARKET RADAR 23 JUNE 2020

India, China commanders meet after border clash amid calls for boycott of Chinese goods

B O N D Y I E L D S

Index Last High Low Chg.

Nifty 50 10,311.20 10,393.65 10,277.60 66.80

BSE Sensex 34,911.32 35,213.52 34,794.40 179.59

Dow 30 25,879.38 25,951.93 25,667.68 7.92

S&P 500 3,102.00 3,107.15 3,078.44 3.98

Nasdaq 9,997.27 10,003.95 9,916.60 51.15

DAX 12,242.95 12,382.60 12,149.90 -87.81

FTSE 100 6,244.94 6,310.95 6,223.75 -47.66

CAC 40 4,948.70 5,006.40 4,902.06 -30.75

Nikkei 225 22,437.27 22,575.74 22,311.94 -41.52

Shanghai 2,965.27 2,983.44 2,959.04 -2.36

Hang Seng 24,511.34 24,628.95 24,391.17 -132.55

KOSPI 2,126.73 2,142.88 2,122.10 -14.59

IDX Composite 4,918.83 4,957.67 4,904.77 -23.44

Maturity Yield Change

India 3M 3.310 0.030

India 6M 3.480 0.030

India 1Y 3.723 -0.016

India 2Y 4.230 -0.015

India 3Y 4.481 -0.003

India 4Y 4.890 -0.008

India 5Y 5.390 -0.012

India 6Y 5.569 -0.014

India 7Y 5.882 0.012

India 8Y 6.038 0.001

India 9Y 6.007 0.011

India 10Y 5.877 0.028

India 15Y 6.436 0.004

India 30Y 6.577 -0.007

2

N I F T Y O U T L O O K

Nifty managed to gain in yester-day’s trade, yet settled indecisive-

ly. The index opened on a bullish note with a gap and maintained a

sideways stance for the remaining part of the day, with the price ac-

tion happening within a very nar-row range. The technical picture

remains circumspect in spite of the gains being made as the close over

previous session has been uncon-vincing. Yesterday’s close resulted

in a doji like formation, which reflects the indecision in the markets. While the broad trend re-mains bullish, the more markets move sideways near the top, the more chances of market tak-

ing some correction lower.

S2 S1 Pivot R1 R2 Trend

10211.0 10261.0 10327.0 10377.0 10443.0 INDECISIVE

Bank Nifty continued its bullish momentum in yesterday’s trade as

well with the index gaining around 370 odd points, though the way the

index closed suggested some weakness. The banking benchmark

opened with a gap up of 103 and maintained a sideways to higher

stance initially, before moving lower towards the end and reduc-

ing the gains. The way the index is moving shows the exhaustion in

strength and probable lower correction over the next few sessions. The broad direction remains bullish and unless there is a confirmation with regards to lower correction, traders would do

well to hold on to longs but with extra care and avoid fresh longs.

S2 S1 Pivot R1 R2 Trend

21084.0 21396.0 21737.0 22049.0 22390.0 INDECISIVE

B A N K N I F T Y O U T L O O K

3

N I F T Y 5 0

SCRIP S2 S1 PIVOT R1 R2

ADANIPORTS 342.8 346.2 350.0 353.4 357.2

ASIANPAINT 1599.7 1624.9 1649.2 1674.4 1698.7

AXISBANK 410.3 420.3 428.1 438.1 445.9

BAJAJ-AUTO 2584.7 2724.3 2799.1 2938.7 3013.5

BAJAJFINSV 5774.0 5978.0 6164.0 6368.0 6554.0

BAJFINANCE 2681.4 2770.3 2817.0 2905.9 2952.6

BHARTIARTL 561.9 570.9 579.5 588.5 597.1

BPCL 374.9 379.9 384.7 389.7 394.4

BRITANNIA 3381.0 3404.9 3440.0 3463.9 3499.0

CIPLA 626.0 641.3 666.9 682.1 707.7

COALINDIA 134.7 139.2 141.6 146.1 148.4

DRREDDY 3985.5 4011.8 4037.1 4063.4 4088.7

EICHERMOT 16966.5 17293.3 17544.0 17870.8 18121.5

GAIL 96.4 97.4 99.0 100.0 101.7

GRASIM 570.4 595.7 612.3 637.6 654.1

HCLTECH 559.4 564.7 570.7 575.9 581.9

HDFC 1774.8 1797.7 1835.9 1858.8 1897.0

HDFCBANK 1010.8 1019.9 1032.9 1042.0 1055.1

HEROMOTOCO 2321.5 2368.2 2407.6 2454.3 2493.7

HINDALCO 147.7 148.9 150.2 151.4 152.6

HINDUNILVR 2070.1 2085.1 2102.0 2117.0 2133.9

ICICIBANK 359.3 363.6 369.4 373.7 379.5

INDUSINDBK 476.8 483.9 493.0 500.1 509.2

INFRATEL 213.6 218.4 223.2 228.0 232.7

INFY 695.4 699.4 704.1 708.1 712.8

IOC 84.5 86.4 87.3 89.2 90.1

ITC 180.9 182.9 185.2 187.3 189.6

JSWSTEEL 190.6 195.2 197.5 202.1 204.4

KOTAKBANK 1257.9 1309.0 1347.0 1398.0 1436.0

LT 886.7 897.3 906.7 917.3 926.7

4

SCRIP S2 S1 PIVOT R1 R2

M&M 490.1 494.3 498.3 502.5 506.4

MARUTI 5724.1 5810.6 5892.8 5979.2 6061.4

NESTLEIND 15955.0 16070.0 16180.0 16295.0 16405.0

NTPC 92.5 94.1 95.0 96.6 97.5

ONGC 82.9 83.9 85.0 86.0 87.1

POWERGRID 167.0 172.5 176.1 181.6 185.2

RELIANCE 1694.7 1723.6 1763.9 1792.8 1833.1

SBIN 180.5 184.2 188.0 191.7 195.5

SHREECEM 21273.4 21686.7 21943.3 22356.6 22613.2

SUNPHARMA 478.4 485.9 493.6 501.1 508.8

TATAMOTORS 98.9 100.7 102.8 104.6 106.7

TATASTEEL 315.0 321.4 324.7 331.0 334.3

TCS 2001.4 2016.7 2034.5 2049.8 2067.6

TECHM 531.5 539.7 546.5 554.6 561.4

TITAN 958.7 968.2 978.1 987.7 997.6

ULTRACEMCO 3765.9 3797.9 3822.7 3854.7 3879.5

UPL 426.5 437.3 442.8 453.6 459.1

VEDL 101.9 105.9 108.8 112.9 115.8

WIPRO 214.0 216.1 218.9 221.0 223.9

ZEEL 170.9 173.9 176.9 179.9 182.9

SCRIP S2 S1 PIVOT R1 R2 TREND

BAJFINANCE 2681.4 2770.3 2817.0 2905.9 2952.6 UP

BAJAJ-AUTO 2584.7 2724.3 2799.1 2938.7 3013.5 UP

HEROMOTOCO 2321.5 2368.2 2407.6 2454.3 2493.7 UP

INDUSINDBK 476.8 483.9 493.0 500.1 509.2 DOWN

TECHM 531.5 539.7 546.5 554.6 561.4 DOWN

S T O C K S T O W A T C H

5

FX PAIR Expiry S1 PIVOT R1 R2 TREND S2

USDINR JUN 76.32 75.78 75.54 75.00 Up 76.56

EURINR JUN 85.12 85.24 85.35 85.47 Up 85.01

GBPINR JUN 94.08 94.31 94.45 94.68 Up 93.94

JPYINR JUN 71.00 71.17 71.30 71.47 Down 70.87

Dollar Index Spot 96.74 97.21 97.47 97.94 Indecisive 96.48

EURUSD Spot 1.1199 1.1235 1.1295 1.1331 Down 1.1139

GBPUSD Spot 1.2373 1.2412 1.2488 1.2527 Down 1.2297

USDJPY Spot 106.75 106.88 106.98 107.11 Up 106.65

107.22 107.46 107.94 108.18 108.66

Rupee gained in yesterday’s trade with the domestic currency gaining around 19 paisa over previous close. The cur-rency opened more or less on a flat note and maintained a sideways stance, trading in bullish bias through-out the day, before ending near the day high. The close doesn’t alter the pic-ture much, with the currency remain-ing in consolidation over the last few weeks. For the day the direction isn’t

clear and there is a possibility of rupee moving in either direction, though at a very moderate pace and narrow range. As such traders traders are suggested to stay away from the markets for now.

F X O U T L O O K

R U P E E O U T L O O K

DISCLAIMER: This Report has been prepared by Rajesh Kumar Jain Palrecha of Wealth Tree Group registered as Research Analyst

with SEBI having registration number INH200007186. and distributed as per SEBI (Research Analysts) Regulations 2014. This report

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ments and Currency Derivatives. The information contained herein is from publicly available data or other sources believed to be relia-

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