Market View 21 June
Nifty is in consolidation range from 2 week where upper end of channel is at 23750 and breakout to 24000
Nifty support at 23450, breaking of which it can slide to key support 23300
Midcap IT , Metal, Banking providing the strength to markets for rise from intraday dips
Nifty gains fresh momentum above 23666 for upmove
Nifty entering into monthly expiry week with highest Call OI at 24000 and highest Put Oi at 23500 with ATM Straddle 23600 at 277
### BANK NIFTY
Banknifty is having higher strength than nifty is leading the upmove. Fresh upmove above 51900 for 52500 with support at 51400
Banknfity monthly expiry week with highest Call OI at 52000 and highest Put OI at 51000 with ATM Straddle 51800 at 761
PSU Banks can be looked above last 2 day’s high for fresh momentum into sector. At the moment leadership from pvt bank HdfcBank, Axis Bank, ICICI Bank is providing strong strength into index
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