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Pradeep Carpenter

17th Jun · SEBI-Registered Analyst

Morning Market Insights:

Indian Markets are expected to consolidate in the today’s session all thanks to the muted cues from the global markets. The volatility is expected to increase ahead of Fed meet outcome and falling crude oil prices. The overall trend of the index seems to be positive with any correction will be a good buying opportunity for short term traders. The support for the index is around 23400-23500 while 24000 remains short term hurdle for the price. Bank Nifty is expected now to consolidate after the recent move in the index with overall trend remains on the positive side. On the other hand, the sentiment on the street is bullish with short term declines in the markets to be utilized to create fresh long positions. The support for the index is around 56700-56900 while 57700 remains resistance for the day. Stocks In News $INFY : Co. collaborates with Valmet to Reimagine IT Operations with AI Accelerated Transformation, to improve efficiency, resilience, and long-term business agility. Wipro : Announced the launch of its Applied AI Center of Excellence for Claude models powered by Anthropic, the Center was inaugurated at its Bengaluru innovation hub. Bharat Forge : Kalyani Strategic Systems (KSSL), defence arm of the Co. and Paramount, today unveiled Simha 4x4, a next-generation Light Armoured Multi-Purpose Vehicle at Eurosatory 2026. Zydus Lifesciences: Announces the completion of acquisition of Assertio Holdings, acquiring approximately 66.32% of the total number of issued and outstanding shares of common stock. Tata Consulting Services: Announced a multi-year strategic partnership with Tottenham Hotspur Football Club, TCS will serve as the Club's Digital Transformation Partner, delivering advanced solutions across fan engagement, club operations and its broader digital ecosystem. Sona BLW Precision Forgings: Approved Capex of INR 626 million towards manufacturing of components and systems for robotics industry including advanced robotics. $TCS $WIPRO

#Today’sTradingSetup#IndexStrategies#StockInNews#TechnicalViews#Pre-OpeningCommentary
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