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Nifty at all time high !! (22nd June 2023)


1. U.S Markets closed lower yesterday.
2. Dow futures are lower right now.
3. Asian markets are lower.
4. SGX Nifty is indicating a gap down of 40-50 Points.
5. These is a huge divergence between global and Indian Markets now.
6. Indian Markets do not seem to follow global markets direction now.
7. Global markets are down from past 3 trading sessions.
8. On the flip side , Indian Markets are scaling higher.
9. We are just 50 points away from all time highs on Nifty.
10. 18900 is the all time high for nifty.
11. 19000 CE has the highest open interest in monthly options.
12. Both 18900 & 19000 won't be breached easily.
13. These both are likely to act as stiff resistance levels.
14. Bank Nifty was higher yesterday.
15. It has faced multiple resistances near 44100.
16. Sustaining above 44100 is a momentum generator for Bank Nifty.
17. Mid cap stocks are roaring and are hitting fresh all time highs on daily basis.
18. Midcap index is the most outperforming sector right now.
19. This is keeping the market breadth positive in the markets.
20. Nifty might trade between 18700 to 19000 today.

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