Global Markets
US stock markets closed in the green (Dow Jones +317).
Dow futures are now trading flat.
Asian markets are now trading positively.
Nifty: +10 points as a gift
Data Analysis
Cash Market |
F&O |
| FII : +1198cr | Nifty PCR: 1.08 vs 0.98 |
| DII : -7cr | Highest OI (13-July-23): |
| Net : +1191cr | 19500CE & 19400PE |
Technical Outlook
Nifty (Spot)
- between 19,300 and 19,500, consolidating with a favourable bias at the moment.
- Continued strength towards 19,770 is indicated by maintaining over 19,500.
- If 19,300 is breached, profit booking may move towards 19,191 and 18,888. The general outlook is still optimistic, offering opportunities to buy when prices decline.
Bank Nifty (Spot)
- at 45,500 encountered resistance and is currently functioning poorly.
- Critical and immediate support level at 44,500; new buying impetus anticipated.
- Passing the obstacle at 45,200 can lead to a quick covering manoeuvre.
