Pre-Market Update - June 6th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 18593.85(+0.32%). Nifty bounced from the support zone of 18223 as described in the last blog.

Nifty has an immediate resistance of 18632 on the upside while the trendline can work as a support level on the downside.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 44101.65(+0.37%). BN after slipping from channel movement bounced from the support zone of 43482 as described in yesterday's blog.

 BN may face resistance at the zone of 44435.30 on the upside while 43482 may work as a support level on the downside.

Stocks in News

• JSW Steel Completes Successful Waste Plastic Injection Trials in Blast Furnace at its Vijayanagar Steel Plant
  
• IKIO Lighting Ltd raises Rs 182 crore from 14 anchor investors
  
• NELCO Ltd to invest in Piscis Networks Pvt Ltd
• B L Kashyap and Sons Ltd receives new order of Rs. 147 crores
  
  

Sector Heat Map 

Heatmap from Trendlyne website

Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.