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Market Cues

Block deals on Thursday, June 07

Here are the block/bulk deals that took place on the BSE and the NSE on Thursday, June 07, 2018.

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Technical View

The Nifty50 which started with a muted note failed to hold on to its crucial support placed at 10,700 on Friday to form a small bearish candle on the daily candlestick charts, and a Spinning Top of an indecisive pattern on the weekly charts.

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Stocks rise, Treasuries fall as job numbers beat estimates

Stocks rose along with Treasury yields as better-than expected US payroll numbers boosted confidence in the world’s largest economy.

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Technical View

The Nifty50 picked up the pace in the last one hour of the trading session to reclaim 10,700 levels on Thursday which made a strong bullish candle on the daily candlestick charts.

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