#niftytechnicalanalysis

Market Update: The market is expected to open with a slight increase on June 13, as indicated by the SGX Nifty. The SGX Nifty reflects a positive start for the broader index, with a 31-point gain after opening the session at 18,710. During the early trade on June 13, SGX futures reached a high of 18,746, further indicating a positive market sentiment.In the previous trading session, on Monday, the BSE Sensex recorded a gain of 99 points, closing at 62,724 points. Similarly, the Nifty 50 also showed a positive performance, finishing 38 points higher at 18,601 points. It is worth noting that the Nifty50 traded comfortably above its 200-day moving average of 18,416, which suggests the potential for continued upward momentum in the market.This market update indicates positive prospects for investors and highlights the ongoing positive momentum in the market.Resistance1866618692Support1849018422Nifty : https://nsebull.com/indian-benchmarks-hold-weekly-gains-amid-slide/