🔍 Key Observations:
- Current Price: 44,792 JPY (−296 | −0.66%)
- Volume: Slightly higher than previous days, indicating trader interest amidst volatility
- Bollinger Bands:
- Price is approaching upper mid-band resistance near 45,000
- The bands are narrowing, hinting at an upcoming breakout
- Support Level: Strong support seen near 41,961 (lower Bollinger band)
- Resistance Zone: 42,824 (near recent top wick)
- 20-SMA (Blue Line): Flatlining around 42,594, suggesting consolidation
📉 RSI Momentum:
- RSI(14): At 52.23, dropping from 55+, showing declining momentum
- Still above oversold, but a break below 50 could trigger selling
- The RSI remains below the yellow moving average, signaling weakness
💸 Institutional Activity (India – June 20 Data)
- FIIs (Foreign Investors): Net buyers of ₹7,940 crore – bullish stance
- DIIs (Domestic Investors): Net sellers of ₹3,049 crore – booking profits
🧠 What to Watch Today
- Nifty 50 Opening: Watch for a gap-down near 24,900–25,000 zone.
- Crude Impact: Rising oil may hit OMCs (Oil Marketing Companies) and airline stocks.
- Safe-Haven Assets: Gold and USD likely to stay firm.
- Geopolitical Newsflow: Any Iranian response can amplify volatility.
📌 Conclusion
The global market is on fragile footing with geopolitical risks adding to inflationary pressures and volatility. DJIA Futures is currently in a technical pullback, and unless the 20-SMA is breached with strength, a range-bound to negative bias may persist.
Stay cautious, watch support-resistance levels closely, and keep trailing stop-losses tight.
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