Indian equity benchmarks completed other volatile sessions in red, reaching a closed position of 11 fresh months. Global investors remain convinced that the peak of 40 new years in US inflation will encourage Fed Hawkish to take a more aggressive increase in the Covid era interest rates, and in turn hinders economic growth.

Nifty50 has formed a small positive candle on a daily graph with a long upper shadow, according to Nagaraj Shetti, technical research analyst at HDFC Securities.
There is no evidence of sharp recovery that arises from almost important support at 15,700-15,650 levels

there is a higher possibility to fill the new decline gap formed around 16,170 levels at the next 1-2 weeks,” he said.
Recovery attack on the card

The 50-Script index has no confidence to rise up even though the chosen recovery is not set aside, said Shrikant Chouhan, Head of Equity Research (Retail) in the Securities box.
It seems that consolidation in the range of 15,700-15,850 but short-term formation remains on a weak side, he said.
The following are important things that need to be known about the market ahead of the June 15 session:
Sgx nifty
At 7:47 on Wednesday, Singapore Exchange (SGX) Nifty Futures – the initial indicator of a good index – down 15 points or 0.1 percent at 15,707, showing the initial muted at Dalal Street. Previously on that day, they fell by 29.5 points.
Global market
Equity in other Asian markets saw various movements on Wednesday when investors were waiting for the results of the main FED policy meeting that would occur later that day. The widest index of MSCI from Asia Pacific shares outside Japan rose 0.2 percent in early.
Nikkei 225 Japan fell 0.7 percent, the Shanghai China composite rose 0.5 percent and Hang Hong Kong’s Hang Hong rose 0.9 percent.
S&P 500 Futures rose half a percent. On Tuesday, the Wall Street index is also a mixed bag, with S&P 500 decreased 0.4 percent. The Dow Jones fell 0.5 percent and Nasdaq’s composite that was heavy from high technology received 0.2 percent increase.
What is expected in Dalal Stre

Shetti HDFC Securities’ sees the chance of one more foot to 15,600-15,500 levels at NIFTY50 before the bouquet is significant from the lowest position, with direct resistance at 15,850.

The Securities box ‘Chouhan views that slides under 15,700 can cause 15,600-15,550 levels on the index, but the steps above the direct obstacle 15,850 can open 15,950-16,000 levels.
Contact/put open flowers
Open Interest Call maximum accumulated with a 16,500 strike price, with 1.8 contract lakh, and the next highest at 16,300, with 1.7 lakh, according to exchange data.
On the other hand, the maximum open interest is 15,000, with 1.3 contract lakh, and 15,500, with more than 89,000.
This shows direct resistance at 16,300 and direct support on the 15,500 sign.
Long buildup
Here are five shares that see an increase in open interest and the price:

52 weeks high
Only one stock in BSE 500 – the widest index in the Exchange – reaches a milestone: Varun Beverages.
Lowest 52 weeks
A total of 53 shares in BSE 500 reached the lowest position of 52 weeks. Among them are seven Sensex Stocks: Asian Cat, Bajaj Twins, Tata Steel, Tech Mahindra, Ultratech and Wipro.