Author: Gaurav
Global Markets US markets: -150 for the Dow Jones futures for the Dow: +100 points markets in Asia: mixed (Adjusted) GIFT Nifty: +20 points Data Analysis Cash Market F&O FII : -566cr Nifty PCR: 1.04 vs 0.93 DII : +366cr Highest OI (10-Aug-23): Net : -190cr 19600CE & 19400PE Technical Outlook Nifty (Spot) Nifty makes a comeback from 19300, but opposition will come from 19555 and 19630. In the 19555–19530 range, selling pressure is anticipated; above this, short covering is anticipated. The next support levels will be 19300 and 19191, with 19400 serving as an intermediary support level. Bank Nifty…
Global Markets Dow Jones -348 on US markets Futures for the Dow: +38 points Mixed Asian market (Adjusted) GIFT Nifty: -80 points Data Analysis Cash Market F&O FII : -1878cr Nifty PCR: 0.75 vs 0.92 DII : -2cr Highest OI (03-Aug-23): Net : -1880cr 19800CE & 19500PE Technical Outlook Nifty (Spot) The 20-DMA of the Nifty has been breached, which can cause more profit taking. An immediate support is 19300, and the following significant support will be 18888. The 20-DMA around 19625 will now present a direct obstacle. Bank Nifty (Spot) Banknifty also fell below its 20-DMA, although a crucial…
Global Markets NASDAQ: Dow Jones +71 Futures for the Dow: -98 points Asia-Pacific markets: (Adjusted) GIFT Nifty: -60 points Data Analysis Cash Market F&O FII : -93cr Nifty PCR: 0.92 vs 1.00 DII : +1036cr Highest OI (03-Aug-23): Net : +943cr 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…
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…
Global Markets Markets in the US: Dow Jones +176 Futures for the Dow: -40 points Asia-Pacific markets: Gift Nifty: +40 (Adjusted) points Data Analysis Cash Market F&O FII : -1024cr Nifty PCR: 0.82 vs 0.87 DII : +1635cr Highest OI (03-Aug-23): Net : +611cr 19800CE & 19600PE Technical Outlook Nifty (Spot) In contrast to the 10-DMA of 19750, the Nifty respected its 20-DMA. We can see a short-covering move into the 19850-19900 region if prices rise above 19750. We can anticipate a pullback if it drops below its 20-DMA. Bank Nifty (Spot) Similarly to Banknifty, 45800’s 10-DMA presents an immediate…
Global Markets Markets in the US: Dow Jones -237 Futures for the Dow: +16 points markets in Asia: mixed (Adjusted) GIFT Nifty: -33 points Data Analysis Cash Market F&O FII : -3979cr Nifty PCR: 0.87 vs 0.87 DII : +2528cr Highest OI (03-Aug-23): Net : -1451cr 19700CE & 19600PE Technical Outlook Nifty (Spot) The 20-DMA of 19550 is a crucial support even though the Nifty is displaying some symptoms of weakness. If 19550 is broken, a market correction towards 19300/18888 levels is to be anticipated. 19800-19850 is a strong area of resistance right away on the upside. Bank Nifty (Spot)…
Global Markets Markets in the US: Dow Jones +26 Futures for the Dow: -27 points markets in Asia: mixed (Adjusted) GIFT Nifty: +24 points Data Analysis Cash Market F&O FII : +1089cr Nifty PCR: 0.81 vs 0.82 DII : -334cr Highest OI (27-July-23): Net : +755cr 19800CE & 19000PE Technical Outlook Nifty (Spot) Nifty respects the 10-DMA, but 19740 presents a hard obstacle right away. The following obstacles are 19740, 19800, and 19840 above that. The next support level for Nifty will be 19500 if it drops below the 19625 mark. Bank Nifty (Spot) In comparison, Banknifty has a better…
Global Markets The Dow Jones concluded the session up 109 points. Dow futures are now trading flat. The Asian markets are trading in a choppy manner. (Adjusted) GIFT Nifty: -20 points MARKET SET-UP Cash Market F&O FII : +1165cr Nifty PCR: 1.34 vs 1.34 DII : -2134cr Highest OI (20-July-23): Net : -969cr 20000CE & 19500PE Technical Outlook Nifty (Spot) The Nifty is maintaining its upward trend while seeing some intraday volatility. Any intraday trading opportunity around 19760 will be a buy, while 19870 will be a profit-booking area. 19640 and 19500 are significant support levels, while 19990 will be…
Global Markets The Dow Jones concluded the session up by 76 points. Dow futures are currently trading 25 points lower. The Asian markets are trading in a choppy manner. (Adjusted) GIFT Nifty: +50 points Data Analysis Cash Market F&O FII : +73cr Nifty PCR: 1.34 vs 1.34 DII : +64cr Highest OI (20-July-23): Net : +137cr 20000CE & 19500PE Technical Outlook Nifty (Spot) The Nifty is still moving strongly upward, and there are no indications of weakness. On the upside, the immediate target levels will be 19775 and 19840. 19666 and 19600 will serve as quick support levels on the…
Global Markets US markets closed on an up note (Dow Jones +48). The price of Dow futures has decreased (61 points). Asian markets are now trading positively. (Adjusted) GIFT Nifty: +64 points Data Analysis Cash Market F&O FII : +2238cr Nifty PCR: 1.11 vs 0.88 DII : -1197cr Highest OI (20-July-23): Net : +1041cr 19500CE & 19300PE Technical Outlook Nifty (Spot) The 10-DMA is acting as an immediate support level for Nifty as it continues to consolidate between 19300 and 19500. The resistance levels will be 19550, 19650, and 19770. 19300 is a reliable support level as long as the…
