June nineteenth, 2023, marks a major vacation within the US market because it honors Juneteenth. Equally, on June twenty second, 2023, the HK market additionally observes a vacation. Moreover, the Chinese language market stays closed on each June twenty second and twenty third, 2023. The next replace accommodates predictions for US and Indian viewers.

Necessary Occasion: Fed Chair Powell’s testimony has been scheduled for June twenty first and June twenty second.

US Indices (S&P 500, Dow, Nasdaq, Russell)

The general prime of the market has been made within the earlier week. Within the present week, a blended downtrend is indicated. DOW has resistance at 34800 and assist at 33800. S&P500 has resistance at 4460 and assist at 4350. NASDAQ has resistance at 15400 and assist at 14900-14800. RUSSELL has resistance at 1922 and assist at 1850.  Within the present week, indices might breach the talked about assist ranges.

Final week, we took a brief place in indices on the greater ranges and booked partial revenue earlier than the US closing on Friday. It’s prompt to cowl the quick place of indices by Tuesday’s UK opening. Look forward to greater ranges on Wednesday to take a brief place in indices and maintain this place for the following week.

Indian Indices (Nifty/Financial institution Nifty)

The market could shut bearish in at the moment’s session. The primary half of Tuesday is decrease. Within the second half of Tuesday, a constructive development is indicated; closing could also be greater. On Wednesday, the development is blended to constructive. On Thursday-Friday, a downtrend is indicated. Positional resistance for Nifty (Spot) exists at 18950 & assist exists at 18700. Financial institution Nifty (Spot) has resistance at 44400 and assist at 43500.

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