Global Markets

US stock markets closed in the red (Dow Jones -188).

Dow futures are now trading flat.

The Asian markets are trading in a choppy manner.

Gift Nifty: 35 points lower

Data Analysis

Cash Market                                 F&O

FII : +790cr                                                                  Nifty PCR: 0.89 vs 1.48

DII : -2964cr                                                            Highest OI (13-July-23):

Net : -2174cr                                                             20000CE & 19400PE

Technical Outlook

Nifty (Spot)

• Profit-booking on the Nifty began at the 19500 barrier level.
• An immediate support level of 19300 is where it might try to recover.
• The 10-DMA near 19191, which is below 19300, will serve as the next support level.

Bank Nifty (Spot)

• At the 45500 mark, Banknifty is also encountering some resistance.
• A strong demand area will be between 44500 and 44200, while 44750 is an immediate support zone.
• An immediate intraday challenge will be 45050.