In the new week, the fluctuating atmosphere in the stocks will be in favor of softness

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- Chart Signal+ - Ashok Trivedi

The BSE index (close 62979.37 on 23-06-23) is soft from a top of 63601.71. Currently, the 12 day average is 63101.07, the 48 day average is 62028.93 and the 200 day average is 60233.05. Daily MACD is bearish. The weekly MACD is bullish. Shows overbought position on daily, weekly as well as monthly basis. Above 63200 offer 63240, 63350 resistance level. If 62870 breaks below 62800, chances are 62380, 61970, 61560.

Astral (closing price Rs.1960.50 on 23-06-23) is bearish from the top of 2024.05. Currently 12 day average is 1948.02 and 48 day average is 1753.20 and 200 day average is 1566.49. Daily MACD is bearish. The weekly MACD is bullish. Shows overbought positions on daily, weekly as well as monthly basis. Above 1978 above 2014 is the resistance level. 1933 in the low is possible up to 1887, 1842, 1800.

Indus Ind Bank (closing price Rs.1308.70 on 23-06-23) is bearish from the top of 1342.90. Currently, the 12-day average is 1296.44 and the 48-day average is 1233.02, while the 200-day average is 1137.70. Daily MACD is bearish. The weekly MACD is bullish. Shows oversold position on daily basis, overbought position on weekly as well as monthly basis. Above 1321 above 1330 resistance level is considered. 1262 down to 1252, 1229 likely.

Aurobindo Pharma (closing price Rs.699.15 on 23-06-23) is in favor of correction from the bottom of 395. Currently, the 12-day average is 674.28, the 48-day average is 624.96, and the 200-day average is 554.43. Daily MACD is bearish. The weekly MACD is bullish. Shows overbought to neutral position on daily basis, overbought position on weekly as well as monthly basis. 701 above 711, 730 possible. A low of 665 down to 654, 636 is possible.

PDLite (closing price Rs.2568.30 on 23-06-23) is bearish from the top of 2735. Currently 12 day average is 2656.83 and 48 day average is 2564.45 and 200 day average is 2487.58. Daily MACD is bearish. The weekly MACD is bullish. Oversold on daily basis, overbought on weekly basis and neutral position on monthly basis. Above 2674 above 2705 resistance level is considered. 2632 and 2613 below 2607, break down to 2583, 2553 is possible.

Reliance (closing price Rs.2514.75 on 23-06-23) is bearish from the top of 2584. Presently 12 days evapages is 2533.40 and 48 days 2469.97 and 200 days 2451.36. Daily and weekly MACD are bullish. Oversold on daily basis, overbought on weekly basis and neutral position on monthly basis. Above 2573 above 2584 is the resistance level. On top of which the possibility of 2611, 2631, 2675. 2512 down to 2503, 2468, 2450 possible.

State Bank (closing price Rs.554.60 on 23-06-23) is bearish from a top of 593.95. Currently, the 12-day average is 571.53, the 48-day average is 565.35, and the 200-day average is 545.04. Daily MACD is bearish. The weekly MACD is bullish. Oversold on daily basis, towards oversold on semi-weekly basis and neutral position on monthly basis. Above 596 above 574 is a resistance level. A low of 553 is possible down to 549, 542, 538.

Bank Nifty futures (close 43671.65 on 23-06-23) is bearish from a top of 44545.50. Currently, the 12 day average is 43949.00 and the 48 day average is 43433.55 and the 200 day average is 41527.40. Daily MACD is bearish. The weekly MACD is bullish. Shows neutral on daily basis, overbought to neutral on semi-weekly basis and overbought position on monthly basis. Above 43855 above 43920, 44083 resistance level is considered. If 43563 breaks below 43450, chances are 43430, 43110, 42750.

Nifty future (close 18705.90 on 23-06-23) is soft from a top of 18955.00. Currently 12 day average is 18785.67 and 48 day average is 18418.97 and 200 day average is 17889.66. Daily MACD is bearish. The weekly MACD is bullish. Shows overbought positions on daily, weekly as well as monthly basis. Above 18775 above 18800, 18825 resistance level is considered. 18690 down to 18560, 18430, 18370, 18333 possible.

Sayonara

Sad eyes will suffer imprisonment for life, in the name of love, this heart has committed a crime. -Anjana Bhavasara 'Anju'.

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