Global Markets

The Dow Jones concluded the day up 270 points.

The price of Dow futures is flat to up.

The Asian markets are trading in a choppy manner.

(+25 points) SGX Nifty

Data Analysis

Cash Market                               F&O

FII : +12350cr                                                           Nifty PCR: 1.41 vs 1.21 

DII : -1021cr                                                               Highest OI (06-July-23):

Net : +11329cr                                                           19500CE & 18900PE

Technical Outlook

Nifty (Spot)

• Nifty is projected to start trading over the 19000 mark, with the next resistance levels being 19191 and 19100.
• 18888 will now function as a support on the downside.
• Although there is bullish momentum, it will be challenging to close the gap up, so hold off for the first 45 minutes.

Bank Nifty (Spot)

• The 44444-44500 range represents an urgent obstacle for Banknifty.
• The next area of resistance will be between 44750 and 44800 above this.
• 44000-43900 will function as an urgent demand zone on the downside.