NIFTY50 reclaims 22,500 mark, inside bar hints at rangebound trading

Markets traded in a narrow range and started the June series on the positive note. The NIFTY50 index ended its four day losing streak and closed the Friday’s session higher. Both the NIFTY50 and SENSEX gained 0.1% and closed the day at 22,530 and 73,961.

Sector-wise, Real-Estate (+2.3%) and Metals (+1.8%) were the top gainers, while Media (-1.3%) and IT (-1.2%) lost the most.

On the daily chart, the NIFTY50 consolidated within the previous day's range, forming an inside bar candle. This pattern indicates the 22,700 - 22,400 as a key range for the coming days. A break above 22,700 could signal strength, while a break below 22,400 could signal weakness.

• Top gainer and loser in NIFTY50: Adani Enterprises (+6.8%) and Divi’s Laboratories (-2.3%)

• Outperforming the benchmark indices, both the NIFTY Midcap 100 and Smallcap 100 indices gained 0.5% each.

• Top gainer and loser in NIFTY Midcap 100: PB Fintech (+8.7%) and Ipca Laboratories (-7.7%)

• Top gainer and loser in NIFTY Smallcap 100: Route Mobile (+7.1%) and FDC (-5.7%)

Key highlights of the day

Top traded futures contracts

Top traded stock options contracts

4 trading insights from NIFTY 200🔍

📉Open = High (Bear power): Adani Enterprises, GMR Infra, Adani Ports, Tata Power, Cholamandalam Investment and AU Small Finance Bank

📈Open = Low (Bull power): Nestle India, ONGC, Piramal Enterprises, Kotak Mahindra Bank and Godrej Consumer Products

🏗️Fresh 52 week-high: Adani Power, Havells, Oberoi Realty and Samvardhana Motherson

⚠️Fresh 52 week-low: Berger Paints and Tata Elxsi

See you on Monday!