Global Markets

US stock markets closed in the red (Dow Jones -366).

Dow futures are now trading flat.

Asian markets are currently trading negatively.

Nifty: -12 points GIFT

Data Analysis

Cash Market                           F&O

FII : +2641cr                                                    Nifty PCR: 1.48 vs 1.37

DII : -2352cr                                                    Highest OI (13-July-23):

Net : +289cr                                                     20000CE & 19400PE

Technical Outlook

Nifty (Spot)

• After two days of consolidation, the Nifty is still moving strongly in the bullish direction.
• There are two crucial resistance levels: 19500 and 19600.
• On the downside, 19410 will act as the first level of support, and 19300 is a crucial level.

Bank Nifty (Spot)

• Currently, Banknifty is consolidated between 45000 and 45500.
• We can anticipate some profit taking if it drops below the 45,000 level.
• The following support level is 44444.