{"id":1681,"date":"2020-06-21T13:45:07","date_gmt":"2020-06-21T13:45:07","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=1681"},"modified":"2020-06-21T13:45:07","modified_gmt":"2020-06-21T13:45:07","slug":"markets-witness-a-stellar-rally-and-end-the-week-with-gains","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=1681","title":{"rendered":"Markets witness a stellar rally and end the week with gains"},"content":{"rendered":"<p><\/p>\n<div>\n<div style=\"text-align: justify;\">\n<div style=\"display:inline;\">\n\t\t<img loading=\"lazy\" decoding=\"async\" align=\"left\" alt=\"\" class=\"imgCont\" height=\"233\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/article\/2016-12\/19\/full\/1482139663-4822.jpg\" style=\"margin: 5px;\" title=\"\" width=\"350\"\/><\/div>\n<p>\t<strong>Technical<\/strong><\/p>\n<p>The Nifty ended the session with a weekly gain as it bucked the previous week\u2019s bearish tone. On the daily chart, the index has moved above previous swing high, which is a bullish set up. Besides, the Nifty Future has found support at the lower band of the rising channel and moved up. The weekly RSI is in bullish crossover and rising. On the higher end, price may move towards 10500. On other hand, failure to sustain above 10100 may trigger a selling pressure in the market.<\/p>\n<p><strong>Derivative<\/strong><\/p>\n<p>Markets witnessed a stellar rally during the closing part of the week amidst heavy volatility. Nifty &amp; Bank Nifty index closed the week ~3% higher, with banking heavyweights and Reliance among the top outperformers. Both the index future added fresh long positions during the closing part of the week, indicating a positive bias. FIIs index future long\/short ratio hovered around 1x level as FIIs gradually reduced their short positions. India Vix index closed the week at 29.8, down ~3.5%. On the options front (June 25, 2020 expiry), Nifty and Bank Nifty out of the money call options saw heavy unwinding of the writing positions as the underlying price surged higher.<\/p>\n<\/div>\n<p><!--start sk\n                                                    \n\n<div>\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-4 col-sm-5 col-xs-4\">\n\n<div class=\"loading large-image-loading \"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-4 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-5 col-sm-5 col-xs-5 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 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col-sm-2 col-xs-2 mb10 pr0\"><a href=\"\" class=\"btn btn-xs disabled btn-block btn-green_bdr\"><span class=\"fs11\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><\/a><\/div>\n\n\n                                                                \n\n<div class=\"col-lg-10 col-md-10 col-sm-10 col-xs-10 mb10 \">\n\n<div class=\"loading large-line\"><\/div>\n\n<\/div>\n\n\n                                                                \n\n<div class=\" col-lg-6 col-md-6 col-sm-6 col-xs-6 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                            <\/li>\n\n\n                                                        <\/ul>\n\n\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                    <\/div>\n\n\n                                                    \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                    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href=\\\"https:\/\/www.indiainfoline.com\/article\/news-top-story\/technical-and-derivative-markets-witness-a-stellar-rally-and-end-the-week-with-gains-120061900700_1.html\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical The Nifty ended the session with a weekly gain as it bucked the previous week\u2019s bearish tone. On the daily chart, the index has moved above previous swing high, which is a bullish set up. Besides, the Nifty Future has found support at the lower band of the rising [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1682,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-1681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/06\/1482139663-4822.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/1681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1681"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/1681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/1682"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}