Global Markets
US markets declined at the close (Dow Jones -220).
The price of the Dow futures is rising modestly.
Asian markets are now trading positively.
+10 points for the SGX Nifty
Data Analysis
Cash Market F&O
FII : -344cr Nifty PCR: 0.93 vs 1.11
DII : -684cr Highest OI (29-June-23):
Net : -1029cr 18800CE & 18000PE
Technical Outlook
Nifty (Spot)
- Nifty is currently trading close to an important demand zone between 18660 and 18550, where a rebound is anticipated.
- There will be quick resistance between 18770 and 18800.
- The next support level will be 18450 if 18550 is broken.
Bank Nifty (Spot)
- Banknifty continues to maintain its 43500 50-DMA.
- The advantage is that 43800, 44000, and 44200 will act as short-term obstacles.
- Only below the 43300 level is weakness anticipated.