Global Markets
Markets in the US: Dow Jones +100
Dow futures: 5 point increase
markets in Asia: mixed
Gift Nifty: +40 (Adjusted) points
Data Analysis
Cash Market |
F&O |
|
FII : -701cr |
Nifty PCR: 1.00 vs 0.82 |
|
DII : +2488cr |
Highest OI (03-Aug-23): |
|
Net : +1787cr |
20000CE & 19700PE |
Technical Outlook
Nifty (Spot)
- Although Nifty showed respect for its 20-DMA and experienced a respectable rebound, 19825 will be a significant obstacle.
- Near 19825, there might be some selling pressure, but if we go over 19825, short covering is likely.
- A crucial and immediate support level is 19700.
Bank Nifty (Spot)
- The 20-DMA of the Banknifty was also respected, although the immediate barrier is 45800.
- 45400 is a support, making the trading range from 45400 to 45800.
- The following obstacle will be 46200, while the following support will be 45000.
