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๐Ÿ’ซ Market Metrics: Weekly Roundup
โญ Sensex: 76,992.77 โฌ†๏ธ
โญ Nifty 50: 23,465.60 โฌ†๏ธ
โญ Nifty Bank: 50,002.00 โฌ†๏ธ
โญ Nifty Smallcap 100: 18,043.60 โฌ†๏ธ
โญ Nifty Midcap 100: 55,225.95 โฌ†๏ธ


โœจ Market Performance Key Takeaways For The Week
๐ŸŒŸ The Nifty index climbed steadily, hitting new highs but saw sluggish intraday movements. It closed Friday with a 0.29% gain at 23,450, adding 0.75% for the week. The index remained in a tight 50-point range, suggesting bullish fatigue and a correction phase. The key range for the coming week is 23,200 - 23,600, with expectations of increased volatility.
๐ŸŒŸ Traders should monitor key levels closely and adjust trades accordingly. Buying on dips and booking profits at higher levels is advised. Mid-cap and small-cap sectors performed strongly, with traders focusing on thematic strategies benefiting from the upcoming union budget.
๐ŸŒŸ The BankNifty index had a lacklustre week, trading within a 600-point range and closing just above 50,000. The market showed indecision with narrow body candles in four out of five trading sessions. The index remains directionless, indicating a wait-and-watch approach.
๐ŸŒŸ BankNifty faces resistance at 50,000-50,500 and stronger resistance at 50,800. Immediate support is at 49,600-49,000, with major support at 48,700-48,200. Traders should remain cautious and responsive to broader market cues, focusing on capturing moves in individual stocks.
โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ
โœจ News Highlights For The Week
๐ŸŒŸ Mahindra & Mahindra Ltd. has overtaken Tata Motors to become India's second most valued automaker with a market cap of โ‚น3.64 lakh crore, just behind Maruti Suzuki's โ‚น4.04 lakh crore. Its stock has surged 65% in 2024.
๐ŸŒŸ BSE's total market capitalisation has exceeded Hong Kong's, making it the fourth-largest equity market globally at $5.18 trillion. The US leads with $56.49 trillion, followed by China and Japan.
๐ŸŒŸ Le Travenues Technology Ltd., Ixigo's parent, secured the tenth spot in IPO subscriptions in 2024, reflecting strong investor interest in the travel-tech sector.
๐ŸŒŸ The upcoming Union Budget may include tax incentives for foreign-domiciled Indian startups relocating to GIFT City, aiming to make it a competitive global financial hub.
โ€”โ€”โ€”โ€”โ€”โ€”โ€”xโ€”โ€”โ€”โ€”โ€”โ€”โ€”
Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | CNBCTV18 | MoneyControl | NDTVProfit | MoneyControl
Date: June 14, 2024
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Sukoon kaho ya papa ek hi baat haiโค๏ธโค๏ธ
Wishing a heartfelt happy father's day to all the wonderful dads!๐Ÿ˜
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Thrilling rides๐ŸŽข tasty food๐Ÿ• merchandise shopping๐Ÿ›๏ธ and lots of entertainment ๐Ÿฅณ
Imagicaa offers all of this under one roof! ๐Ÿคฉ
Yes, it is Indiaโ€™s first theme park and during its journey, it has seen it all - from operations shutting down multiple times to a change of hands, the company has gone through a lot ๐Ÿ“Š
In this episode, RJ Rohan will take you through the roller coaster journey of Imagicaa Entertainment Ltd. ๐Ÿš€

๐ŸŽ™๏ธListen to the full episode ๐Ÿ‘‰
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The best feelingโค๏ธ๐Ÿ˜‚
How is the long weekend going?
Good ๐Ÿ‘
Travelling ๐Ÿ”ฅ
Missing market โค๏ธ
Waiting for Tuesday ๐Ÿ‘Ž
Resting ๐Ÿ˜
โค169๐Ÿ‘73๐Ÿ˜44๐Ÿ‘Ž33๐Ÿ”ฅ23๐Ÿค”2๐Ÿ‘1
Today the market is closed! Did you know this?
Yes๐Ÿ‘
Of course โค๏ธ
No๐Ÿ‘Ž
Holidays are by heart ๐Ÿ˜
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Learn all about recognizing common candlestick patterns ๐Ÿ“ˆ

Understanding these formations is key to decoding market psychology, anticipating trends, and gaining insights ๐Ÿ”ฅ

Do let us know by reacting ๐Ÿ‘ if you found this information useful

Disclaimer: The information provided is for educational purposes only and is not intended as financial or investment advice.
Candlestick patterns are a tool for understanding market trends, but they do not guarantee future market behaviour. For a comprehensive understanding, please refer to our detailed disclaimer - https://bit.ly/4aRMU0f
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You must have often heard that a stock has announced its split. What does that mean?
Find out now with Stocktionary, Your Stock Market Dictionary! ๐Ÿ“Š
Did you find this helpful?
Yes ๐Ÿ‘
No ๐Ÿ‘Ž
Quite informative โค๏ธ
Definitely ๐Ÿ”ฅ
Very ๐Ÿ˜
๐Ÿ‘170โค21๐Ÿ‘Ž13๐Ÿ‘7๐Ÿ”ฅ6๐Ÿคฉ2
After a long gap of three days, the market is all set to open! Are you excited for it?
Yes ๐Ÿ‘
Very โค๏ธ
No ๐Ÿ‘Ž
Can't wait ๐Ÿ”ฅ
Finally ๐Ÿ˜
๐Ÿ‘306โค54๐Ÿ‘Ž46๐Ÿ”ฅ18๐Ÿคฉ17
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Here is today's mood of the market!๐Ÿ“ˆ
How is your day going?
Good ๐Ÿ‘
Not good ๐Ÿ‘Ž
Great โค๏ธ
Amazing ๐Ÿ”ฅ
Okay okay ๐Ÿ˜ƒ
๐Ÿ‘Ž543๐Ÿ‘478โค84๐Ÿ˜70๐Ÿ”ฅ61๐Ÿค”22๐Ÿ‘7๐Ÿคฉ6
You may have often heard how much is the CAGR of an investment? What does that mean?
Find out now with Stocktionary, Your Stock Market Dictionary! ๐Ÿ“Š
Did you find this helpful?
Yes ๐Ÿ‘
No ๐Ÿ‘Ž
Quite informative โค๏ธ
Definitely ๐Ÿ”ฅ
Very ๐Ÿ˜
๐Ÿ‘278๐Ÿ‘Ž31โค27๐Ÿ”ฅ5๐Ÿ˜3
How was your first day of the week?
๐Ÿ‘ Good
๐Ÿ‘Ž Bad
โค๏ธ Great
๐Ÿ˜€ Okay okay
๐Ÿ”ฅ Amazing
๐Ÿ‘Ž527๐Ÿ‘492๐Ÿ˜126โค62๐Ÿ”ฅ45๐Ÿค”21๐Ÿคฉ3๐Ÿ‘2
๐Ÿ‘149โค62๐Ÿ”ฅ10๐Ÿ‘Ž7๐Ÿค”6๐Ÿ˜4
Tuesday may be surrounded by green๐Ÿ’š
Are you excited for today?
๐Ÿ‘ Yes
โค๏ธ Very
๐Ÿ˜„ Don't care
๐Ÿ‘Ž No
๐Ÿ”ฅ Can't wait
๐Ÿ‘620๐Ÿ‘Ž96โค89๐Ÿ˜38๐Ÿ”ฅ36๐Ÿคฉ4
Tuesday is done!โค๏ธ๐Ÿ’š
Did you have a good day today?
๐Ÿ‘Yes
โค๏ธVery
๐Ÿ‘ŽNo
๐Ÿ˜ Not trading today
๐Ÿ”ฅ Amazing
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