Support Range: 44000-44075
Strong Buying Zone: 43825-43950
Resistance Range: 44275-44325
Profit Booking Zone: 44425-44500
Key Indicators on June 7, 2023 (Wednesday) Show Changes in FIIs Long Positions, Nifty PCR, Nifty Bank PCR, and India VIX
1. FIIs Long Positions: Reduced from 50% to 46%
2. Nifty PCR: Increased from 1.00 to 1.01
3. Nifty Bank PCR: Increased from 0.87 to 0.97
4. India VIX: Increased by 2% to 11.38
Stop Loss Levels for Bank Nifty and Nifty on June 7, 2023 (Wednesday): Intraday and Closing Targets
Intraday Stop Loss for Bank Nifty: 43925
Closing Stop Loss for Bank Nifty: 43650
Intraday and Closing Stop Loss for Nifty: 18675
Intraday and Closing Stop Loss for Nifty Bank: 44550
Buy Nifty in the range of 18475-18535, with a Stop Loss at 18400 and Targets at 18575, 18660, 18635, 18660, and 18690.
Note: These figures are provided for study purposes only.