The markets are somewhat overcrowded; Bank and auto stocks are not active

Markets saw a volatile day of trading as the board weighed the profit margin during the final trading session.

The Nifty index outperformed the Bank Nifty by 0.5%, the previous close was slightly higher and then closed in the red.

The Nifty Auto Index closed 1.25% higher among the best performers, while Maruti Suzuki topped the list of gainers and rose ~ 5% along with longer long positions.

The Nifty Midcap 100 index closed higher on 0.1%.

The market width ended in favor of the decline as the forecast/decline ratio ended at 1: 1x. The Bank Nifty saw a long day unfolding.

Before the options (expiring June 24, 2021), the Nifty was at a high level, with the board writing throughout the Option Strikes. The India Vix index ended 7% lower at 14.7.

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