Bulls gained major strength, lifting benchmark indices higher by nearly 2 percent on June 21 as the rally was seen across sectors. Positive global cues also aided sentiment.
Based on the open interest future percentage, a short-covering was seen in 109 stocks including Bank Nifty, Coforge, GNFC, Bandhan Bank, and Alembic Pharmaceuticals
The BSE Sensex jumped 934 points or 1.8 percent to 52,532, while the Nifty50 rose 289 points or 1.88 percent to 15,639 and formed a bullish candle on the daily charts after Doji candles in the previous two sessions.“On the daily charts, the Nifty has closed just below the breakdown level of 15,650 which will be the immediate resistance levels followed by the 15,800 mark,” Vidnyan Sawant, AVP – Technical Research at GEPL Capital said.
He further said the strong support level for the Nifty would be 15,380 followed by 15,180 and 15,000 levels for the short to medium term.
On the indicator front, the relative strength index (RSI) is showing positive diversion on the daily charts at the oversold levels, he added.
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